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$8,500,000
Key West, FL 33040
MLS# 605218
11 beds | 11 baths | 4295 sqft
1 / 60
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
Details
Maps
Contract Information
Current Price: $8,500,000
Listing Date: 2023-05-08
Listing Board: Key West Association
List Price: $8,500,000
As is Rght to Inspct: Yes
Location, Tax & Legal
Street #: 525
Street Name: Simonton
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
County: Monroe
Subdivision: Old Town - Unrecord (1.0)
Mile Marker: 1
Area: 01 - Key West
KW Neighborhood: Old Town-N of Truman
Marathon Neighborhood: N/A
Side: Median
Flood Zone: X
Alternate Key #: 1009491
Parcel #: 00009240-000000
Zoning: HRCC - Historic Residential Commercial Core
Deed Restrictions: Unknown
Legal: KW PT LOT 4 SQR 49 G8-444 OR885-189 OR890-2126 OR927-1164 OR2008-62 OR2555-1269 OR3147-0073 OR3164-0865
Taxes: 53415.76
Tax Year: 2022
Pub Sewer HkUp: Yes
General Property Description
Realtor.COM Type: Residential - Single Family
Style: Single Family
Waterfront: No
Pool: Yes
Year Built: 1889
Lot SqFt: 8269
Lot Sqft Source: Property Data Card
Living Apx SqFt: 4295
SqFt Source: Property Data Card
Total Bedrooms: 11
Full Baths: 11
Total Baths: 11
Rentals Allowed: Yes
Min Rental Days: 1
Remarks & Misc
Remarks – Consumer: 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
Status Change Info
Status: Active
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
License Info
# of City License: 2
# of County License: 2
Transient Rntl Licns: Yes
Building Style
Above Flood: Unknown
Stories: 3 Stories
Vehicle Storage
Car(s): 4+
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: Open Parking
Cooling: Ceiling Fans(s); Central Air; Ductless; Wall/Window Unit(s)
Porch/Balcony: Deck; Open Porch/Balcony; Patio
Utilities: Buyer to Verify; Cable Available; Elect Separate Meter; FKAA
Interior Features: Bar; Cathedral Ceilings; Dade County Pine; Drapes/Blinds Incl; Fireplace(s); Smoke Alarms; Wet Bar
Pre-Wired: Cable
Appliances: Dishwasher; Disposal; Dryer; Freezer; Ice Machine; Microwave; Oven; Refrigerator; Stainless Steel Appliance(s); Washer; Wine Cooler
Exterior Features: Privacy Wall/Fence; Shed; Storage
Pool Info: In Ground; Lap; Concrete; Decked
Construction: Frame
Shutters: Panel
Floor: Tile; Wood
Roof: Metal Roof
Pets: Pets Allowed
Land Size: Less Than 1/4 Acre
Terms: Cash; Conventional
Title: Negotiable
Listing Office: Island Home Realty Inc.
Last Updated: March - 13 - 2024
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