101 Admirals Lane, Key West, FL 33040 (MLS# 612065)

101 Admirals Lane, Key West, FL 33040

$6,300,000

Property Type: Residential Bedrooms: 5 Baths: 4 Square Footage: 3,173 Lot Size (sq. ft.): 14,183 Status: Closed

Current Price: $6,300,000 List Date: 11/01/2024 Last Modified: 10/10/2025

Overview

Description

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!

Listing Details MLS# 612065

Location, Tax & Legal

Street #: 101
Street Name: Admirals
Street Suffix: Lane
Key/Island: Key West
State/Province: FL
Zip Code: 33040
County: Monroe
Subdivision: Old Town - Unrecord (1.0)
Area: 01 - Key West
KW Neighborhood: Truman Annex
City: KEY WEST
Mile Marker: 1
Marathon Neighborhood: N/A
Side: Median
Flood Zone: AE
Alternate Key #: 8772858
Parcel #: 00004590-001001
Zoning: HPRD - Hist Planned Redevelopment & Dev Dist
Deed Restrictions: Unknown
Legal: KW PT SQR 27 (A/K/A LOTS 113 & 114) .3256 AC OR1005-78/128 OR1005-190/01 OR1125-218/20R/S OR1246-241/57WILL OR1132-66/68
Taxes: 48046.46
Tax Year: 2024
Pub Sewer HkUp: Yes

Contract Information

Listing Board: Key West Association
Bank Owned: No

General Property Description

Realtor.COM Type: Residential - Single Family
Style: Single Family
Waterfront: No
Pool: Yes
Year Built: 1994
Lot SqFt: 14183
Acres: 0.33
Living Apx SqFt: 3173
SqFt Source: Property Data Card
Total Bedrooms: 5
Full Baths: 4
Total Baths: 4
Rentals Allowed: Yes
Min Rental Days: 7
Control Depth: 0
Total Units: 0

Status Change Info

Sold Date: 2025-10-10

Association Info

Mandatory Home Owners Asc: Yes
1st Right of Refusal: Yes
Association Fee $: 1324
Assoc/Mnt Fee Per: Quarterly

License Info

Transient Rntl Licns: Yes

More Information

Building Style

Above Flood: Yes
Ground Level: Yes

Vehicle Storage

Car(s): 4+
Carport: Yes
Covered Parking: Yes
Off Street Parking: Yes

Appliances

Other: full house generator
Dishwasher: Yes
Dryer: Yes
Ice Machine: Yes
Microwave: Yes
Oven: Yes
Range: Yes
Refrigerator: Yes
Stainless Steel Appliance(s): Yes
Washer: Yes

Pool Info

Other: depth 5'
Heated: Yes
Dimensions: 20' x 25' & 19-1/2
In Ground: Yes
Concrete: Yes
Decked: Yes

Financial Status

Bank Owned: No

Remarks & Misc

Remarks – Consumer: 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!
Directions: Enter Truman Annex on Southard St., first stop sign make right on Emma St., continue straight. Third stop sign make right on Admirals Ln. It is the first house on the right.

Fee Includes

Common Area Mnt: Yes
Security: Yes

Dockage

None: Yes

Tax Exemptions

None: Yes

Cooling

Ceiling Fans(s): Yes
Central Air: Yes
Ductless: Yes

Waterfront

None: Yes

Waterview

No Waterview: Yes

Floor

Tile: Yes
Wood: Yes

Interior Features

Cathedral Ceilings: Yes
Fireplace(s): Yes
Granite Counter Top: Yes
Security System: Yes
Smoke Alarms: Yes
Split Bedroom: Yes
Window Treatments: Yes

Windows/Doors

Double Hung Windows: Yes
French Doors: Yes
Impact Rstnce Doors: Yes
Impact Rstnce Window: Yes

Security

Manned Gate: Yes
Patrolled Area: Yes

Construction

Frame: Yes

Land Size

1/4 - 1/2 Acre: Yes

Furnished

Furnished: Yes

Terms

Cash: Yes
Conventional: Yes

Utilities

Cable Available: Yes
FKAA: Yes
Municipal Sewer: Yes
Propane: Yes

Porch/Balcony

Deck: Yes
Open Porch/Balcony: Yes
Screened Patio: Yes

Title

Negotiable: Yes

Exterior Features

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

Pre-Wired

Cable: Yes

Roof

Metal Roof: Yes

Shutters

Panel: Yes

Property Features

Fee Includes: Common Area Mnt; Security Tax Exemptions: None Waterfront: None Waterview: No Waterview Dockage: None Building Style: Ground Level Vehicle Storage: Carport; Covered Parking; Off Street Parking Furnished: Furnished Cooling: Ceiling Fans(s); Central Air; Ductless Utilities: Cable Available; FKAA; Municipal Sewer; Propane Interior Features: Cathedral Ceilings; Fireplace(s); Granite Counter Top; Security System; Smoke Alarms; Split Bedroom; Window Treatments Pre-Wired: Cable Appliances: Dishwasher; Dryer; Ice Machine; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer Exterior Features: Bar; Fencing; Gazebo; Hot Tub; Lighting; Outdoor Kitchen; Outdoor Shower; Shed; Sprinkler System; Storage Pool Info: In Ground; Concrete; Decked Construction: Frame Shutters: Panel Floor: Tile; Wood Roof: Metal Roof Security: Manned Gate; Patrolled Area Land Size: 1/4 - 1/2 Acre Terms: Cash; Conventional Title: Negotiable

Listing Office: Last Key Realty, Inc (KW)

Last Updated: October - 10 - 2025

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.