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508 Virginia Street, Key West, FL 33040

$4,750,000
Property Type: Residential Bedrooms: 3 Baths: 4 Square Footage: 2,281 Lot Size (sq. ft.): 6,824 Status: Closed
Current Price: $4,750,000 List Date: 7/27/2024 Last Modified: 12/17/2024

Overview

Description

This magnificent TRANSIENT rental property with two homes and a heated pool blends privacy with convenience. Nestled in historic Old Town and just steps from Duval Street, this 3 bedroom/3.5 bath complex has a strong rental history. Once home to iconic fashion designers, this gated haven will astonish you. To your right is the main single-story building which includes a king bedroom and large, sleek ensuite bath. Vaulted ceilings, skylights, exposed beams, and French doors surround the expansive open concept living room and dining room. The space is bathed in sunlight and perfect for entertaining. At the far end of the main building, you will find a spectacular stainless steel commercial kitchen with a vaulted ceiling and outdoor views. Equipped with prep areas, an island, cabinetry, a double sink, and an oversized gas range with hood, you have everything you need to prepare meals or parties for large groups. A personal Chef would be delighted to cook in this kitchen. As you move out o ...

Listing Details MLS# 610908

Location, Tax & Legal

Street #
508
Street Name
Virginia
Street Suffix
Street
Key/Island
Key West
State/Province
FL
Zip Code
33040
County
Monroe
Subdivision
Old Town - Unlisted (1.0)
Area
02 - Key West
KW Neighborhood
Old Town-S of Truman
City
KEY WEST
Off Shore Island
No
Mile Marker
1
Marathon Neighborhood
N/A
Side
Median
Flood Zone
X
Alternate Key #
1028517
Parcel #
00027740-000000
Zoning
HRCC(1 - 4) - Hist Res Comm Core 1-4 SF Specl
Deed Restrictions
Unknown
Legal
KW SUBS 8 AND 10 PT LOT 3 SQR 5 TR 11 G37-82/83 OR130-272/74 OR343-76/77 OR1043-2178 OR1077-2042/43 OR1078-1560/61 OR111
Taxes
29028.73
Tax Year
2023
Pub Sewer HkUp
Yes

Contract Information

Listing Board
Key West Association
As is Rght to Inspct
Yes
Species List
No

General Property Description

Realtor.COM Type
Residential - Single Family
Style
Single Family
Waterfront
No
Pool
Yes
Year Built
1945
Lot SqFt
6824
Lot Sqft Source
Property Data Card
Acres
0.16
Living Apx SqFt
2281
SqFt Source
Property Data Card
Total Bedrooms
3
Full Baths
3
Half Baths
Yes
Total Baths
4
Rentals Allowed
Yes
Control Depth
0

Status Change Info

Sold Date
2024-12-17

Association Info

Mandatory Home Owners Asc
No
1st Right of Refusal
No
Association Fee $
0

License Info

# of City License
Yes
# of County License
Yes
Transient Rntl Licns
Yes

More Information

Building Style

Above Flood
Yes

Pool Info

Heated
Yes
In Ground
Yes
Salt Water
Yes

Financial Status

Standard Sale
Yes

Remarks & Misc

Remarks – Consumer
This magnificent TRANSIENT rental property with two homes and a heated pool blends privacy with convenience. Nestled in historic Old Town and just steps from Duval Street, this 3 bedroom/3.5 bath complex has a strong rental history. Once home to iconic fashion designers, this gated haven will astonish you. To your right is the main single-story building which includes a king bedroom and large, sleek ensuite bath. Vaulted ceilings, skylights, exposed beams, and French doors surround the expansive open concept living room and dining room. The space is bathed in sunlight and perfect for entertaining. At the far end of the main building, you will find a spectacular stainless steel commercial kitchen with a vaulted ceiling and outdoor views. Equipped with prep areas, an island, cabinetry, a double sink, and an oversized gas range with hood, you have everything you need to prepare meals or parties for large groups. A personal Chef would be delighted to cook in this kitchen. As you move out onto the covered porch, you will enjoy indoor-outdoor living at its finest. With easy access to the pool, you can spend your afternoon relaxing outdoors. The porch provides a respite from the sun and an area for al fresco dining. The two-story home at the rear of the property stacks two spacious bedrooms with ensuite baths and seating areas. Each is complemented with either a balcony or covered porch overlooking the pool. Guests or extended family can mingle around the gorgeous outdoor area or retreat to their own private spaces. Both homes surround the large pool with the convenience of an outdoor shower. The complex's stunning tropical lush landscaping and privacy fencing offers a tranquil oasis including off-street parking, a rare amenity in Key West. From here you can walk to Higgs Beach, the Southernmost Point and the shops and restaurants on Duval Street. This opportunity to own a transient rental property in an ideal location won't last long. Call today for a private showing!

Fee Includes

None
Yes

Dockage

None
Yes

Tax Exemptions

None
Yes

Appliances

Dishwasher
Yes
Dryer
Yes
Gas Appliances
Yes
Ice Machine
Yes
Microwave
Yes
Oven
Yes
Range
Yes
Refrigerator
Yes
Stainless Steel Appliance(s)
Yes
Washer
Yes
Wine Cooler
Yes

Cooling

Ceiling Fans(s)
Yes
Central Air
Yes
Ductless
Yes

Heating

Propane Stove
Yes

Waterfront

None
Yes

Waterview

No Waterview
Yes

Floor

Concrete
Yes
Tile
Yes
Wood
Yes

Neighborhood Feature

Beach
Yes

Interior Features

Cathedral Ceilings
Yes
Drapes/Blinds Incl
Yes
Fireplace(s)
Yes
Sky Light(s)
Yes
Smoke Alarms
Yes
Split Bedroom
Yes
Walk-in Closet(s)
Yes

Specialty Rooms

Laundry Room
Yes

Windows/Doors

French Doors
Yes

Vehicle Storage

Off Street Parking
Yes

Construction

Frame
Yes

Land Size

Less Than 1/4 Acre
Yes

Furnished

Furnished
Yes

Terms

Cash
Yes
Conventional
Yes

Utilities

Cable Available
Yes
FKAA
Yes
Municipal Sewer
Yes

Porch/Balcony

Deck
Yes
Open Porch/Balcony
Yes
Patio
Yes

Title

Negotiable
Yes

Exterior Features

Detached Guest Qtrs
Yes
Lighting
Yes
Outdoor Shower
Yes
Privacy Wall/Fence
Yes
Rain Gutters
Yes
Storage
Yes

Roof

Metal Roof
Yes

Property Features

Fee Includes: None Tax Exemptions: None Waterfront: None Waterview: No Waterview Dockage: None Vehicle Storage: Off Street Parking Furnished: Furnished Cooling: Ceiling Fans(s); Central Air; Ductless Heating: Propane Stove Utilities: Cable Available; FKAA; Municipal Sewer Interior Features: Cathedral Ceilings; Drapes/Blinds Incl; Fireplace(s); Sky Light(s); Smoke Alarms; Split Bedroom; Walk-in Closet(s) Specialty Rooms: Laundry Room Appliances: Dishwasher; Dryer; Gas Appliances; Ice Machine; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer; Wine Cooler Exterior Features: Detached Guest Qtrs; Lighting; Outdoor Shower; Privacy Wall/Fence; Rain Gutters; Storage Pool Info: In Ground; Salt Water Construction: Frame Floor: Concrete; Tile; Wood Roof: Metal Roof Neighborhood Feature: Beach Land Size: Less Than 1/4 Acre Terms: Cash; Conventional Title: Negotiable
Listing Office: Brenda Donnelly Real Estate LLC
Last Updated: December - 17 - 2024
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.