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525 Simonton Street

Key West, FL 33040
  • $8,500,000
  • STATUS: Active
  • ON SITE: 12 Days
  • MLS #: 610246
UPDATED: 121 min ago
$8,500,000
  • 11
    BEDS
  • 0.19
    ACRES
  • 11
    BATHS
  • 0
    1/2 BATHS
  • 4,295
    SQFT
  • $1,979
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1889
County:

School Ratings & Info

Description

Exclusive opportunity to own one of the largest TRANSIENTLY licensed properties in Old Town Key West. 11 Br, 11Ba, 2 pools, 2 transient licenses, and off street parking for 4+ vehicles. The Watson House is Located centrally on Key West's most iconic street and only 1 block off Duval street. The Grand Estate is comprised of a 7 Bedroom Mansion and a 4 bedroom Villa. Each home offering a private pool.The mansion was refitted by a local designer in July 2022, including fresh paint and new furniture. Upon entering the mansion you will be greeted with 12 foot soaring ceilings, 2 first floor guest rooms with bath, parlor, living room, dining room and kitchen. The kitchen opens up to a private pool with decking and lounge chairs. A large family style outdoor table is provided for dining al fresco. Heading back inside you will take the Victorian staircase to the second floor. On the second floor you will find 4 bedrooms with en suite baths. The front primary suite offers a private balcony overlooking Simonton Street. A secondary balcony is provided for the rear primary suite overlooking the pool. Take the spiral staircase to the third floor and you will discover a large third floor private suite. Bright and airy the suite provides a living room, wet bar and balcony overlooking the pool. All three floors can also be accessed by exterior and interior staircases. Going back into the parking area, you will take a side entrance to the villa. The villa was renovated to the studs in 2014 with modern and sleek finishes. The villa offers 4 bedrooms and 4 baths, full kitchen, living room, private pool and outdoor bar. The 2 transient licenses give versatility for the property to be rented as an 11 bedroom and 11 bath estate or rented separately as a 7br main house and 4br villa. There are few large estates in Key West, which gives way to its popularity and advance bookings.Available to be purchased separately. MLS #607104 and MLS # 60710

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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Keys Island Group | COMPASS are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.sellingislandlife.com/homes/151258387
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525 Simonton Street Key West, FL 33040

  • Price: $8,500,000
  • Status: Active
  • On Site: 12 Days
  • Updated: 121 min ago
  • MLS #: 610246
11
Beds
11
Baths
0
½ Baths
0.19
Acres
4,295
SQFT
$1,979
$/SQFT
1889
Built
Neighborhood:
Old Town-N Of Truman
County:
Monroe
Area:
01 - Key West
Property Description
Exclusive opportunity to own one of the largest TRANSIENTLY licensed properties in Old Town Key West. 11 Br, 11Ba, 2 pools, 2 transient licenses, and off street parking for 4+ vehicles. The Watson House is Located centrally on Key West's most iconic street and only 1 block off Duval street. The Grand Estate is comprised of a 7 Bedroom Mansion and a 4 bedroom Villa. Each home offering a private pool.The mansion was refitted by a local designer in July 2022, including fresh paint and new furniture. Upon entering the mansion you will be greeted with 12 foot soaring ceilings, 2 first floor guest rooms with bath, parlor, living room, dining room and kitchen. The kitchen opens up to a private pool with decking and lounge chairs. A large family style outdoor table is provided for dining al fresco. Heading back inside you will take the Victorian staircase to the second floor. On the second floor you will find 4 bedrooms with en suite baths. The front primary suite offers a private balcony overlooking Simonton Street. A secondary balcony is provided for the rear primary suite overlooking the pool. Take the spiral staircase to the third floor and you will discover a large third floor private suite. Bright and airy the suite provides a living room, wet bar and balcony overlooking the pool. All three floors can also be accessed by exterior and interior staircases. Going back into the parking area, you will take a side entrance to the villa. The villa was renovated to the studs in 2014 with modern and sleek finishes. The villa offers 4 bedrooms and 4 baths, full kitchen, living room, private pool and outdoor bar. The 2 transient licenses give versatility for the property to be rented as an 11 bedroom and 11 bath estate or rented separately as a 7br main house and 4br villa. There are few large estates in Key West, which gives way to its popularity and advance bookings.Available to be purchased separately. MLS #607104 and MLS # 60710
Exterior Features

Construction Frame Dockage None Land Size Less Than 1/4 Acre Lot Size 61x139 Miscellaneous FencingStoragePool Off Street Parking Yes Parking Spaces 4+ Side Median Style Residential Income Vehicle Storage Off Street Parking Vehicle Storage Cars 4+ Waterfront None Waterfront YN No Waterview No Waterview

Interior Features

Appliances DishwasherWasherRefrigeratorRangeDryerDisposal Interior Features Cathedral CeilingsWindow TreatmentsWet BarLaundry RoomFurnished Net Leasable Area 3034.00

Property Features

Assoc Hoa YN No Assoc Right Of Refusal No Bank Owned No Bank Owned Financial Status No City KEY WEST Commercial Type Hotel/Motel Control Depth 0 Deed Restrictions No Fee Includes None Flood Zone X Key West Neighborhood Old Town-N of Truman Legal KW PT LOT 4 SQR 49 G8-444 OR885-189 OR890-2126 OR927-1164 OR2008-62 OR2555-1269 OR3147-0073 OR3164-0865 Listing Board Key West Association Mile Marker 1.00 Potential Short Sale No Potential Short Sale Financial Status No Property Rights Transient License Property Type Commercial Tax Year 2023 Taxes 48750.54 Title Negotiable Total Units 0.00 Utilities FKAA Zoning HRCC(1 - 4) - Hist Res Comm Core 1-4 SF Specl

Listing courtesy of Paige Bethel of Island Home Realty Inc.: (305) 395-0550.


The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Keys Island Group | COMPASS are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
 
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Keys Island Group | COMPASS
Key West FL, 33040