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$1,589,000

1500 Patricia Street
Key West, FL 33040
MLS# 609591
Status: Contingent
4 beds | 3 baths | 2240 sqft

1 / 42

The White Street Pier and beach are just 3 blocks away!

Property Description
Live in Paradise AND have rental income with this LEGAL DUPLEX in Midtown West! Cover your taxes & insurance & generate a profit! 2200 sf of living space on a large corner lot two blocks to ocean. BOTH units hold non-transient monthly licenses, offering many options for use AND income. Live in one unit/ rent the other, rent both, or use as a single family with space for family & friends. Fantastic option for the buyer who values a large lot and home with great flexibility for use and an opportunity for SIGNIFICANT income. Spacious, 1 bedroom apartment upstairs with private entrance & covered porch to enjoy the ocean breeze. Open floor plan, oversized en-suite bedroom with spacious closet, double sink vanity, shower and soaking tub. Separate utilities and laundry. Fully remodeled in 2021. Active, lucrative monthly vaca rental. First floor unit is essentially a single family home with 1518 sf of living space. 3 bedrooms, 2 full baths and light-filled front to back open living. Upon entering, enjoy a freshly furnished living room. Centrally located kitchen and dining flow seamlessly into the rear family room, which opens to a covered porch and large yard. Significant updates throughout 2023/24. Both baths gutted to studs, have new pvc piping and are fresh and modern. Refaced kitchen with quartz counters and new stainless steel appliances. Brand new Mitsubishi mini split system. Original Terrazzo tile was refurbished and sealed, offering a stunning tribute to mid-century Florida design. Exterior of home has also been updated with fresh stucco and paint. Brand new metal roof, built to reflect current codes, ensures the strength of this concrete home and LOW insurances. PLENTY of room for a pool and easy access for construction. Superb location! Artisan Market, tennis and bocce courts, dog park, Higgs Beach, White St Pier and West Martello gardens are all within a 5 min walk. Enjoy a peaceful, quiet neighborhood with Old Town action just 1/2 mile away.

Details

Maps

Contract Information

Current Price: $1,589,000

Listing Date: 2024-04-13

Listing Board: Key West Association

List Price: $1,589,000

As is Rght to Inspct: Yes

Species List: No

Location, Tax & Legal

Street #: 1500

Street Name: Patricia

Street Suffix: Street

Key/Island: Key West

State/Province: FL

Zip Code: 33040

Off Shore Island: No

County: Monroe

Subdivision: Kamien Plat #2 (2.0)

Mile Marker: 2

Area: 02 - Key West

KW Neighborhood: Midtown West

Marathon Neighborhood: N/A

Side: Ocean

Flood Zone: AE

Handicap Access: No

Alternate Key #: 1061875

Parcel #: 00061450-000000

Zoning: MDR-1 - Medium Desnity Residential

Deed Restrictions: Unknown

Legal: BK 5 LT 1 KW KAMIEN PLAT NO 2 PB3-46 A SUBDIVISION OF PT TRACT 29 OR6-103 OR39-143/44 OR430-568/569 OR675-744 OR743-295/

Taxes: 9965.3

Tax Year: 2023

Pub Sewer HkUp: Yes

General Property Description

Realtor.COM Type: Multi-family

Style: Duplex

Waterfront: No

Pool: No

Year Built: 1958

Total Units: 2

Lot SqFt: 5548

Acres: 0.13

Living Apx SqFt: 2240

SqFt Source: Property Data Card

Total Bedrooms: 4

Full Baths: 3

Total Baths: 3

Rentals Allowed: With Restrictions

Min Rental Days: 30

Remarks & Misc

Remarks – Consumer: Live in Paradise AND have rental income with this LEGAL DUPLEX in Midtown West! Cover your taxes & insurance & generate a profit! 2200 sf of living space on a large corner lot two blocks to ocean. BOTH units hold non-transient monthly licenses, offering many options for use AND income. Live in one unit/ rent the other, rent both, or use as a single family with space for family & friends. Fantastic option for the buyer who values a large lot and home with great flexibility for use and an opportunity for SIGNIFICANT income. Spacious, 1 bedroom apartment upstairs with private entrance & covered porch to enjoy the ocean breeze. Open floor plan, oversized en-suite bedroom with spacious closet, double sink vanity, shower and soaking tub. Separate utilities and laundry. Fully remodeled in 2021. Active, lucrative monthly vaca rental. First floor unit is essentially a single family home with 1518 sf of living space. 3 bedrooms, 2 full baths and light-filled front to back open living. Upon entering, enjoy a freshly furnished living room. Centrally located kitchen and dining flow seamlessly into the rear family room, which opens to a covered porch and large yard. Significant updates throughout 2023/24. Both baths gutted to studs, have new pvc piping and are fresh and modern. Refaced kitchen with quartz counters and new stainless steel appliances. Brand new Mitsubishi mini split system. Original Terrazzo tile was refurbished and sealed, offering a stunning tribute to mid-century Florida design. Exterior of home has also been updated with fresh stucco and paint. Brand new metal roof, built to reflect current codes, ensures the strength of this concrete home and LOW insurances. PLENTY of room for a pool and easy access for construction. Superb location! Artisan Market, tennis and bocce courts, dog park, Higgs Beach, White St Pier and West Martello gardens are all within a 5 min walk. Enjoy a peaceful, quiet neighborhood with Old Town action just 1/2 mile away.

Status Change Info

Contingent: Contingent

Status: Contingent

Association Info

Mandatory Home Owners Asc: No

1st Right of Refusal: No

License Info

# of City License: 2

# of County License: 2

Building Style

Above Flood: Unknown

Stories: 2 Stories

Property Features

Fee Includes: None

Tax Exemptions: Homestead

License Info: Non Trans Rntl Lic

Waterfront: None

Waterview: No Waterview

Dockage: None

Property Condition: Updated/Remodeled

Vehicle Storage: Off Street Parking

Furnished: Negotiable

Cooling: Ductless

Heating: Ductless

Porch/Balcony: Open Porch/Balcony

Utilities: Cable Available; Elect Separate Meter; FKAA; Municipal Sewer; Water Separate Meter

Interior Features: Pantry; Quartz Countertops; Storage

Pre-Wired: Cable

Specialty Rooms: Laundry Room

Appliances: Dishwasher; Dryer; Freezer; Ice Machine; Microwave; More Appliances; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer

Exterior Features: Fencing; Fruit Tree(s); Privacy Wall/Fence

Accessibility Feat: None

Construction: Combo Construction

Windows/Doors: Aluminum Windows

Shutters: Panel

Floor: Terrazzo; Vinyl

Roof: Metal Roof

Pets: Pets Allowed

Neighborhood Feature: Beach; Tennis Courts

Security: No Security

Land Size: Less Than 1/4 Acre

Terms: Cash; Conventional; FHA; No Seller Finance; VA

Title: Negotiable

Listing Office: Berkshire Hathaway Knight & Gardner

Last Updated: April - 22 - 2024

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