Scott Forman, P.A.     REALTOR  305-923-9884      scott@RoyalPalmsRealty.com     Royal Palms Realty


Currently viewing 1 of 138
525 Simonton Street
KEY WEST, Florida FL 33040
Price: $8,500,000
Listing ID 605218
Status Active
Bedrooms 11
Full Baths 11
Total Baths 11
Partial Baths 0
SqFt 4,295
Year Built 1889

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. Going 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. See MLS #607104 and MLS # 607103

Primary Features

County: Monroe
Half Baths: 0
Property Sub Type: Residential - Single Family
Property Type: Residential
Subdivision: Old Town - Unrecord (1.0)
Year Built: 1889
Zoning: HRCC - Historic Residential Commercial Core

Interior

Appliances: Dishwasher, Washer, Wine Cooler, Stainless Steel Appliance(s), Refrigerator, Oven, Microwave, Ice Machine, Freezer, Dryer, Disposal
Appliances: Other:
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Bedroom 1 Width:
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Bedroom 4 Width:
Cooling/Heating: Ceiling Fans(s), Wall/Window Unit(s), Ductless, Central Air
Dining Room Length:
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Family Room Length:
Family Room Width:
Floor: Tile, Wood
Floor Number:
Full Bath Length:
Full Bath Width:
Furnished:
Green Features: Interior Features:
Guest/Servant Quarters:
Half Bath Length:
Half Bath Width:
Interior Features: Bar, Smoke Alarms, Wet Bar, Fireplace(s), Cathedral Ceilings, Drapes/Blinds Incl, Dade County Pine
Kitchen Length:
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Specialty Rooms:
SqFt Source: Property Data Card
Stories: 3 Stories

External

Above Flood: Unknown
Building Style:
Construction: Frame
Control Depth: 0
Dock:
Dock Length:
Dockage: None
Documented Septic Tank:
Exterior Features: Privacy Wall/Fence, Storage, Shed
Fixed Bridge Height:
Flood Zone: X
Green Features: Building Materials:
Green Features: Exterior Features:
Green Features: Utilities:
Land Size: Less Than 1/4 Acre
Lot Size:
Lot SqFt: 8269
Neighborhood Feature:
Off Shore Island:
Pool: yes
Pool Info: Concrete, Lap, In Ground, Decked
Pool Info: Dimensions:
Pool Info: Heated: yes
Pool Info: Other:
Pool Info: Other Material:
Pool Info: Other Surroundings:
Porch/Balcony: Deck, Patio, Open Porch/Balcony
Pub Sewer Hook Up: yes
Roof: Metal Roof
Seawall:
Security:
Shutters: Panel
Side: right
Stilt Column Height:
Style: Single Family
Total Units:
Vehicle Storage: Open Parking
Vehicle Storage: Car(s): 4+
Waterfront: no
Waterfront Type: None
Waterview: No Waterview
Windows/Doors:

Location

Area: 01 - Key West
Building Number:
Key/Island: Key West
KW Neighborhood: Old Town-N of Truman
Marathon Neighborhood: N/A
Mile Marker: 1
Parcel Number: 00009240-000000

Additional

Accessibility Features:
Association Approval Required:
Condo Unit/Complex:
Days On Market: 310
FEMA List:
Handicap Access:
Pet Restrictions:
Pets: Pets Allowed
Pre-Wired: Cable
Pre-Wired: Other:
Property Condition: Updated/Remodeled
Remarks:
Utilities: Buyer to Verify, FKAA, Elect Separate Meter, Cable Available
Voluntary Home Owners Association:

Financial

1st Right of Refusal: no
As Is/Right To Inspect: yes
Association Fee: 0
Association/Maintenance Fee Frequency:
Bank Owned:
Contingent:
Contingent Remarks:
Deed Restrictions: Unknown
Dock Permit:
Fee Includes: None
Financial Status: Auction:
Financial Status: Bank Owned:
Financial Status: Potential Short Sale:
Financial Status: Standard Sale:
HOA: no
License Info:
License Info: Transient Rental License: Yes
Maintenance Fee:
Min Rental Days: 1
Number of City License: 2
Number of County License: 2
Number of Transient License:
Potential Short Sale:
Property Rights:
Rentals Allowed: Yes
Tax Exemptions: None
Tax Year: 2022
Taxes: 53415.76
Terms: Cash, Conventional

Zoning Info


©2024 Florida Keys MLS, Inc. The data relating to real estate for sale on this web site comes in part from the Florida Keys Multiple Listing Service. The information being provided is 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. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Information is deemed reliable but not guaranteed. Data last updated: Friday, March 29th, 2024 at 07:24:30 AM.

Contact

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Royal Palms Realty

933 Fleming Street
Key West, FL 33040
Phone: (305) 923-9884
Fax: (305) 768-6228
scott@royalpalmsrealty.com

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