$8,500,000
Active
39 Days Online
11 Beds11 Baths0 SQFT
Active

525 Simonton Street Key West, FL 33040

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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. Heading 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. MLS #607104 and MLS # 607103

  • Property TypeMulti-Family
  • NeighborhoodOld Town - Unrecord (1.0)
  • CountyMonroe
  • Taxes$48,750
  • HOA/Condo/Coop Fees$0
  • Days on Site39 Days
  • MLS StatusActive
  • MLS ID Number610246
  • Home Size Source N/A
  • Year Built1889
  • Lot Size8269 Acres
  • Full Baths11
  • Partial BathsN/A

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General Features

  • Parking Off Street Parking
  • Parking Spaces 4
  • Property Sub Type Multi Family
  • Zoning HRCC(1 - 4) - Hist Res Comm Core 1-4 SF Specl

Interior Features

  • Appliances RefrigeratorDishwasherDryerWasherDisposalRange
  • Interior Wet BarCathedral Ceilings
  • Laundry Features Laundry Room
  • Window Features Window Treatments

Exterior Features

  • View No Waterview
  • Waterfront Property No
  • Waterfront Features None

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Monthly Payment (Est.)

$41,164
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