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$4,850,000
Key West, FL 33040
MLS# 605783
6 beds | 7 baths | 2177 sqft
1 / 40
Property Description
FULLY RENOVATED TRANSIENT VACATION RENTAL HOME! An excellent opportunity to step right into ownership of a high performing nightly vacation rental that produced over $400k in gross annual income in 2021 & 2022. Total income for 2023 was $325k. YTD income for 2024 is $185k. This is a one-of-a-kind island beach house with a highly coveted TRANSIENT license. Fully renovated in 2019 to exceed the highest level of quality and comfort as a large family vacation home, this private stilted home occupies an entire corner lot, just one block from Smathers Beach. The spacious exterior includes a covered living area, outdoor dining, a gym, and a private heated saltwater pool. The interior features an open living area with soaring ceilings, fully equipped kitchen with stainless steel appliances, and 6 bedrooms with 6 en-suite bathrooms. Covered parking for two vehicles under house. Property is being offered turnkey, with the exception of some artwork.
Details
Maps
Contract Information
Current Price: $4,850,000
Listing Date: 2023-06-26
Listing Board: Key West Association
List Price: $4,850,000
Location, Tax & Legal
Street #: 1815
Street Name: Atlantic
Street Suffix: Boulevard
Key/Island: Key West
State/Province: FL
Zip Code: 33040
County: Monroe
Subdivision: New Town - Unlisted (2.0)
Mile Marker: 2
Area: 03 - Key West
KW Neighborhood: Midtown West
Marathon Neighborhood: N/A
Side: Ocean
Flood Zone: AE,AE
Handicap Access: No
Alternate Key #: 1062634
Zoning: SF - Single Family
Deed Restrictions: Unknown
Taxes: 5883.92
Tax Year: 2021
Pub Sewer HkUp: Yes
General Property Description
Realtor.COM Type: Residential - Single Family
Style: Single Family
Waterfront: No
Pool: Yes
Year Built: 1938
Lot SqFt: 4625
Acres: 0.11
Living Apx SqFt: 2177
SqFt Source: Property Data Card
Total Bedrooms: 6
Full Baths: 6
Half Baths: 1
Total Baths: 7
Rentals Allowed: With Restrictions
Min Rental Days: 1
Remarks & Misc
Remarks – Consumer: FULLY RENOVATED TRANSIENT VACATION RENTAL HOME! An excellent opportunity to step right into ownership of a high performing nightly vacation rental that produced over $400k in gross annual income in 2021 & 2022. Total income for 2023 was $325k. YTD income for 2024 is $185k. This is a one-of-a-kind island beach house with a highly coveted TRANSIENT license. Fully renovated in 2019 to exceed the highest level of quality and comfort as a large family vacation home, this private stilted home occupies an entire corner lot, just one block from Smathers Beach. The spacious exterior includes a covered living area, outdoor dining, a gym, and a private heated saltwater pool. The interior features an open living area with soaring ceilings, fully equipped kitchen with stainless steel appliances, and 6 bedrooms with 6 en-suite bathrooms. Covered parking for two vehicles under house. Property is being offered turnkey, with the exception of some artwork.
Directions: House is a corner lot located at the intersection of Atlantic Blvd and Josephine Street.
Status Change Info
Status: Active
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
License Info
Transient Rntl Licns: Yes
Building Style
Above Flood: Yes
Stories: 2 Stories
Vehicle Storage
Car(s): 2
Pool Info
Heated: Yes
Property Features
Fee Includes: None
Tax Exemptions: None
Waterfront: None
Waterview: No Waterview
Dockage: None
Property Condition: Updated/Remodeled
Vehicle Storage: Carport; Covered Parking; Off Street Parking
Furnished: Furnished
Cooling: Ceiling Fans(s); Central Air
Porch/Balcony: Deck; Open Porch/Balcony; Patio
Utilities: Buyer to Verify; FKAA
Appliances: Dishwasher; Dryer; Freezer; Ice Machine; Microwave; Oven; Refrigerator; Stainless Steel Appliance(s); Washer
Pool Info: In Ground; Decked
Construction: Frame
Roof: Metal Roof
Pets: Pets Allowed
Land Size: Less Than 1/4 Acre
Listing Office: Last Key Realty, Inc (KW)
Last Updated: April - 12 - 2024
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