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
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!
More Information MLS# 612065
Contract Information
Listing Board: Key West Association
Bank Owned: No
Current Price: $6,300,000
Listing Date: 2024-11-01
Sold Price: $6,300,000
Location, Tax & Legal
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
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
General Property Description
Realtor.COM Type: Residential - Single Family
Waterfront: No
Control Depth: 0
Lot SqFt: 14183
Pool: Yes
Total Units: 0
Acres: 0.33
SqFt Source: Property Data Card
Rentals Allowed: Yes
Min Rental Days: 7
Style: Single Family
Year Built: 1994
Living Apx SqFt: 3173
Total Bedrooms: 5
Full Baths: 4
Total Baths: 4
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.
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
Fee Includes
Common Area Mnt: 1
Security: 1
Dockage
None: 1
Tax Exemptions
None: 1
Appliances
Dishwasher: 1
Dryer: 1
Ice Machine: 1
Microwave: 1
Oven: 1
Range: 1
Refrigerator: 1
Stainless Steel Appliance(s): 1
Washer: 1
Other: full house generator
Cooling
Ceiling Fans(s): 1
Central Air: 1
Ductless: 1
Waterfront
None: 1
Waterview
No Waterview: 1
Floor
Tile: 1
Wood: 1
Interior Features
Cathedral Ceilings: 1
Fireplace(s): 1
Granite Counter Top: 1
Security System: 1
Smoke Alarms: 1
Split Bedroom: 1
Window Treatments: 1
Building Style
Above Flood: Yes
Ground Level: 1
Windows/Doors
Double Hung Windows: 1
French Doors: 1
Impact Rstnce Doors: 1
Impact Rstnce Window: 1
Vehicle Storage
Car(s): 4+
Carport: 1
Covered Parking: 1
Off Street Parking: 1
Security
Manned Gate: 1
Patrolled Area: 1
Construction
Frame: 1
Land Size
1/4 - 1/2 Acre: 1
Furnished
Furnished: 1
Terms
Cash: 1
Conventional: 1
Utilities
Cable Available: 1
FKAA: 1
Municipal Sewer: 1
Propane: 1
Porch/Balcony
Deck: 1
Open Porch/Balcony: 1
Screened Patio: 1
Title
Negotiable: 1
Exterior Features
Bar: 1
Fencing: 1
Gazebo: 1
Hot Tub: 1
Lighting: 1
Outdoor Kitchen: 1
Outdoor Shower: 1
Shed: 1
Sprinkler System: 1
Storage: 1
Pool Info
In Ground: 1
Other: depth 5'
Heated: Yes
Concrete: 1
Dimensions: 20' x 25' & 19-1/2
Decked: 1
Pre-Wired
Cable: 1
Roof
Metal Roof: 1
Financial Status
Bank Owned: No
Shutters
Panel: 1
Status Change Info
Sold Date: 2025-10-10
Sold Price: $6,300,000
Status: Closed
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.