$7,499,000 $40,256 est/mo Sourced by Back At You

101 Admirals Lane,KEY WEST, FL 33040

KEY WEST FL, 33040

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Description

$500,000 ANNUAL RENTAL INCOME! EXCLUSIVELY LUXURIOUS COMPOUND IN KEY WEST! With its special transient license, The Royal Compound is currently generating $500,000 a year from first-class guests who will accept only the best in vacation homes. What's interesting is that most of the rental income comes from monthly rentals, so you can expect almost as much income without a transient license. This extraordinary home is situated on one of the largest lots (14,183 SF) in Truman Annex and is being offered as the ultimate turnkey property. There are a total of 5 bedrooms and 4 bathrooms: 3 bedrooms and 2 bathrooms in the main house and two 1 bedroom, 1 bathroom private cottages. This expansive property includes a covered seating and dining area under the gazebo, which overlooks the resort-style heated pool and outdoor kitchen. The value of this home is not only its privacy with exotic landscaping, but its ability to generate income when you are away. Schedule your private showing of The Royal Compound to appreciate the uniqueness of this one-of-a-kind property!

Details

MLS#607301
Listing TypeFor Sale
StyleHouse
HOA Dues$1,324
Sub-TypeResale
StatusActive
Year1994
Days On Site259
Listing Provided ByLast Key Realty, Inc (KW) | Andrea Leskova Otava

Features

Bed(s)5
Bath(s) 4 Total
SQ Feet3,173
PoolYes
ZoningHPRD - Hist Planned
Acreage0.33
Water FrontNone
Property ViewNo Waterview

Market Activity 33040

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Florida Keys Board of Realtors.

The data relating to real estate for sale on this web site come s in part from the Internet Data Exchange program of the Marathon and Lower Keys Association of REALTORS®, Inc. MLS. Real Estate listings held by brokerage firms other than Coldwell Banker Schmitt are marked with the MLS logo and detailed information about them includes the name of the listing broker’s office.

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Learn More About This Property

StateFL
CountyMonroe
CityKEY WEST
Zip Code33040
Area01 Key West
Community NameOld Town Unrecord (1.0)
Listing VS Median (in Old Town Unrecord (1.0))
Price:
$7,499,000
low | high
Med:
$2,087,500
100% of Average
SqFt:
3,173
low | high
Med:
1,564
100% of Average
$ / SqFt:
$2,363
low | high
Med:
$1,349
92.925286393405% of Average
On Site:
259
low | high
Med:
131.5
100% of Average
Sourced by Back At You
Listing Updated: July 10, 2024 at 10:37:01 AM PDT