Active
101 Admirals Lane
Key West FL, 33040
$7,499,000
$2,363.38 per sqft
Active
5 Beds
4 Baths
3,173 sqft
Residential
Built in 1994
$500,000 ANNUAL RENTAL INCOME! EXCLUSIVELY LUXURIOUS COMPOUND IN KEY WEST!With its special transient license, The Royal Compound is currently generating $500,000 a year from first-class guests who will accept only the best in vacation homes. What's interesting is that most of the rental income comes from monthly rentals, so you can expect almost as much income without a transient license. This extraordinary home is situated on one of the largest lots (14,183 SF) in Truman Annex and is being offered as the ultimate turnkey property. There are a total of 5 bedrooms and 4 bathrooms: 3 bedrooms and 2 bathrooms in the main house and two 1 bedroom, 1 bathroom private cottages. This expansive property includes a covered seating and dining area under the gazebo, which overlooks the resort-style heated pool and outdoor kitchen. The value of this home is not only its privacy with exotic landscaping, but its ability to generate income when you are away. Schedule your private showing of The Royal Compound to appreciate the uniqueness of this one-of-a-kind property!
607301
MLSⓇ ID
April 1, 2024
Updated
Map
101 Admirals Lane
Key West FL, 33040
Interior Features
Bedrooms
5
Total Bathrooms
4
Interior Features
Cathedral Ceilings, Security System, Window Treatments, Split Bedroom, Smoke Alarms, Granite Counter Top, Fireplace(s), Cable, Panel, Double Hung Windows, Impact Rstnce Doors, Impact Rstnce Window, French Doors
Appliances
Dishwasher, Washer, Stainless Steel Appliance(s), Oven, Refrigerator, Range, Microwave, Ice Machine, Dryer
Floor Description
Tile, Wood
Fireplace
No
Cooling
Yes
Cooling Description
Ceiling Fans(s), Ductless, Central Air
Heating
No
Exterior/Building Features
Lot Size
0.33 Acres
Exterior Features
Bar, Storage, Shed, Sprinkler System, Outdoor Kitchen, Outdoor Shower, Lighting, Fencing, Hot Tub, Gazebo
Roof
Metal Roof
School Information
School District
Yes
Other Property Details
Area Name
01 - Key West
Taxes
$44,115
Tax Frequency
Annually
Days on Market
149
Association Fee
$1,324
Association Fee Frequency
Quarterly
Association Amenities
Common Area Mnt, Security
Garage
No
Parking
Carport, Off Street Parking, Covered Parking, 4
View
Yes
View Description
No Waterview
County
Monroe
Pool
Yes
Pool Features
Concrete, In Ground, Decked
Zoning
HPRD - Hist Planned Redevelopment & Dev Dist
Listing History
Date | Event | Price |
|---|---|---|
2/28/2024 | Price Change | $7,499,000 -6% |
Listed by Andrea Leskova Otava with Last Key Realty, Inc (KW)
Listing Contact:
The IDX display contains information sourced from the Florida Keys Board of REALTORS® as of 4/1/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
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Data last updated on 4/1/2024 at 8:37 PM UTC