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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

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

Status Change Info

Under Contract Date
2025-09-12
Leased 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

Vehicle Storage

Car(s)
4+

Appliances

Other
full house generator

Pool Info

Other
depth 5'
Heated
Yes
Dimensions
20' x 25' & 19-1/2

Financial Status

Bank Owned
No

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.
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