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$5,775,000

508 Virginia Street
Key West, FL 33040
MLS# 607916
3 beds | 4 baths | 2281 sqft

1 / 41

outdoor shower off primary bedroom of main house

porch off second floor bedroom of cottage

Property Description
This magnificent TRANSIENT rental property with two homes and a heated pool blends privacy with convenience. Nestled in historic Old Town and just steps from Duval Street, this 3 bedroom/3.5 bath complex has a strong rental history. Once home to iconic fashion designers, this gated haven will astonish you. To your right is the main single-story building which includes a king bedroom and large, sleek ensuite bath. Vaulted ceilings, skylights, exposed beams, and French doors surround the expansive open concept living room and dining room. The space is bathed in sunlight and perfect for entertaining. At the far end of the main building, you will find a spectacular stainless steel commercial kitchen with a vaulted ceiling and outdoor views. Equipped with prep areas, an island, cabinetry, a double sink, and an oversized gas range with hood, you have everything you need to prepare meals or parties for large groups. A personal Chef would be delighted to cook in this kitchen. As you move out onto the covered porch, you will enjoy indoor-outdoor living at its finest. With easy access to the pool, you can spend your afternoon relaxing outdoors. The porch provides a respite from the sun and an area for al fresco dining. The two-story home at the rear of the property stacks two spacious bedrooms with ensuite baths and seating areas. Each is complemented with either a balcony or covered porch overlooking the pool. Guests or extended family can mingle around the gorgeous outdoor area or retreat to their own private spaces. Both homes surround the large pool with the convenience of an outdoor shower. The complex's stunning tropical lush landscaping and privacy fencing offers a tranquil oasis including off-street parking, a rare amenity in Key West. From here you can walk to Higgs Beach, the Southernmost Point and the shops and restaurants on Duval Street. This opportunity to own a transient rental property in an ideal location won't last long. Call today for a private showing

Details

Maps

Contract Information

Current Price: $5,775,000

Listing Date: 2023-12-24

Listing Board: Key West Association

List Price: $5,775,000

As is Rght to Inspct: Yes

Species List: No

Location, Tax & Legal

Street #: 508

Street Name: Virginia

Street Suffix: Street

Key/Island: Key West

State/Province: FL

Zip Code: 33040

Off Shore Island: No

County: Monroe

Subdivision: Old Town - Unlisted (1.0)

Mile Marker: 1

Area: 02 - Key West

KW Neighborhood: Old Town-S of Truman

Marathon Neighborhood: N/A

Side: Median

Flood Zone: X

Alternate Key #: 1028517

Parcel #: 00027740-000000

Zoning: HRCC(1 - 4) - Hist Res Comm Core 1-4 SF Specl

Deed Restrictions: Unknown

Legal: KW SUBS 8 AND 10 PT LOT 3 SQR 5 TR 11 G37-82/83 OR130-272/74 OR343-76/77 OR1043-2178 OR1077-2042/43 OR1078-1560/61 OR111

Taxes: 29028.73

Tax Year: 2023

Pub Sewer HkUp: Yes

General Property Description

Realtor.COM Type: Residential - Single Family

Style: Single Family

Waterfront: No

Pool: Yes

Year Built: 1945

Total Units: 1

Lot SqFt: 6824

Lot Sqft Source: Property Data Card

Acres: 0.16

Living Apx SqFt: 2281

SqFt Source: Property Data Card

Total Bedrooms: 3

Full Baths: 3

Half Baths: 1

Total Baths: 4

Rentals Allowed: Yes

Min Rental Days: 1

Remarks & Misc

Remarks – Consumer: This magnificent TRANSIENT rental property with two homes and a heated pool blends privacy with convenience. Nestled in historic Old Town and just steps from Duval Street, this 3 bedroom/3.5 bath complex has a strong rental history. Once home to iconic fashion designers, this gated haven will astonish you. To your right is the main single-story building which includes a king bedroom and large, sleek ensuite bath. Vaulted ceilings, skylights, exposed beams, and French doors surround the expansive open concept living room and dining room. The space is bathed in sunlight and perfect for entertaining. At the far end of the main building, you will find a spectacular stainless steel commercial kitchen with a vaulted ceiling and outdoor views. Equipped with prep areas, an island, cabinetry, a double sink, and an oversized gas range with hood, you have everything you need to prepare meals or parties for large groups. A personal Chef would be delighted to cook in this kitchen. As you move out onto the covered porch, you will enjoy indoor-outdoor living at its finest. With easy access to the pool, you can spend your afternoon relaxing outdoors. The porch provides a respite from the sun and an area for al fresco dining. The two-story home at the rear of the property stacks two spacious bedrooms with ensuite baths and seating areas. Each is complemented with either a balcony or covered porch overlooking the pool. Guests or extended family can mingle around the gorgeous outdoor area or retreat to their own private spaces. Both homes surround the large pool with the convenience of an outdoor shower. The complex's stunning tropical lush landscaping and privacy fencing offers a tranquil oasis including off-street parking, a rare amenity in Key West. From here you can walk to Higgs Beach, the Southernmost Point and the shops and restaurants on Duval Street. This opportunity to own a transient rental property in an ideal location won't last long. Call today for a private showing

Status Change Info

Status: Active

Association Info

Mandatory Home Owners Asc: No

1st Right of Refusal: No

License Info

# of City License: 1

# of County License: 1

Transient Rntl Licns: Yes

Building Style

Above Flood: Yes

Pool Info

Heated: Yes

Financial Status

Standard Sale: Yes

Property Features

Fee Includes: None

Tax Exemptions: None

Waterfront: None

Waterview: No Waterview

Dockage: None

Vehicle Storage: Off Street Parking

Furnished: Furnished

Cooling: Ceiling Fans(s); Central Air; Ductless

Heating: Propane Stove

Porch/Balcony: Deck; Open Porch/Balcony; Patio

Utilities: Cable Available; FKAA; Municipal Sewer

Interior Features: Cathedral Ceilings; Drapes/Blinds Incl; Fireplace(s); Sky Light(s); Smoke Alarms; Split Bedroom; Walk-in Closet(s)

Specialty Rooms: Laundry Room

Appliances: Dishwasher; Dryer; Gas Appliances; Ice Machine; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer; Wine Cooler

Exterior Features: Detached Guest Qtrs; Fencing; Lighting; Outdoor Shower; Privacy Wall/Fence; Rain Gutters; Storage

Pool Info: In Ground; Salt Water

Construction: Frame

Windows/Doors: French Doors

Floor: Concrete; Tile; Wood

Roof: Metal Roof

Pets: Pets Allowed

Neighborhood Feature: Beach

Land Size: Less Than 1/4 Acre

Terms: Cash; Conventional

Title: Negotiable

Listing Office: Saltwater Real Estate Florida Keys, Inc

Last Updated: March - 26 - 2024

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The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.