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

November 4, 2023

Listed

July 13, 2024

Updated

Map

101 Admirals Lane
Key West FL, 33040

Interior Features

Bedrooms

5


Total Bathrooms

4


Full Bathrooms

4


Interior Features

Cathedral Ceilings, Window Treatments, Granite Counter Top, Smoke Alarms, Security System, Fireplace(s), Split Bedroom, Cable, Panel, Double Hung Windows, Impact Rstnce Window, Impact Rstnce Doors, French Doors


Appliances

Washer, Stainless Steel Appliance(s), Ice Machine, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer


Floor Description

Tile, Wood


Fireplace

No


Cooling

Yes


Cooling Description

Central Air, Ductless, Ceiling Fans(s)


Heating

No

Exterior/Building Features

Lot Size

0.33 Acres


Exterior Features

Bar, Storage, Sprinkler System, Shed, Outdoor Shower, Outdoor Kitchen, Lighting, Hot Tub, Gazebo, Fencing


Roof

Metal Roof

School Information

School District

Yes

Other Property Details

Area Name

01 - Key West


Taxes

$51,348


Tax Frequency

Annually


Days on Market

249


Association Fee

$1,324


Association Fee Frequency

Quarterly


Association Amenities

Common Area Mnt, Security


Garage

No


Parking

Carport, Covered Parking, Off Street Parking


Parking Total

4


View

Yes


View Description

No Waterview


County

Monroe


Pool

Yes


Pool Features

In Ground, Decked, Concrete


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 7/13/2024. 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.

©2024 Florida Keys Board of REALTORS® all rights reserved.

Data last updated on 7/13/2024 at 10:20 AM UTC

 

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