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
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 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!
More Information MLS# 610908
Contract Information
Listing Board: Key West Association
As is Rght to Inspct: Yes
Species List: No
Current Price: $4,750,000
Listing Date: 2024-07-26
Sold Price: $4,750,000
Location, Tax & Legal
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
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
General Property Description
Realtor.COM Type: Residential - Single Family
Waterfront: No
Control Depth: 0
Lot SqFt: 6824
Pool: Yes
Lot Sqft Source: Property Data Card
Acres: 0.16
SqFt Source: Property Data Card
Rentals Allowed: Yes
Style: Single Family
Year Built: 1945
Living Apx SqFt: 2281
Total Bedrooms: 3
Full Baths: 3
Half Baths: 1
Total Baths: 4
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!
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Association Fee $: 0
License Info
# of City License: 1
# of County License: 1
Transient Rntl Licns: Yes
Fee Includes
None: 1
Dockage
None: 1
Tax Exemptions
None: 1
Appliances
Dishwasher: 1
Dryer: 1
Gas Appliances: 1
Ice Machine: 1
Microwave: 1
Oven: 1
Range: 1
Refrigerator: 1
Stainless Steel Appliance(s): 1
Washer: 1
Wine Cooler: 1
Cooling
Ceiling Fans(s): 1
Central Air: 1
Ductless: 1
Heating
Propane Stove: 1
Waterfront
None: 1
Waterview
No Waterview: 1
Floor
Concrete: 1
Tile: 1
Wood: 1
Neighborhood Feature
Beach: 1
Interior Features
Cathedral Ceilings: 1
Drapes/Blinds Incl: 1
Fireplace(s): 1
Sky Light(s): 1
Smoke Alarms: 1
Split Bedroom: 1
Walk-in Closet(s): 1
Specialty Rooms
Laundry Room: 1
Building Style
Above Flood: Yes
Windows/Doors
French Doors: 1
Vehicle Storage
Off Street Parking: 1
Construction
Frame: 1
Land Size
Less Than 1/4 Acre: 1
Furnished
Furnished: 1
Terms
Cash: 1
Conventional: 1
Utilities
Cable Available: 1
FKAA: 1
Municipal Sewer: 1
Porch/Balcony
Deck: 1
Open Porch/Balcony: 1
Patio: 1
Title
Negotiable: 1
Exterior Features
Detached Guest Qtrs: 1
Lighting: 1
Outdoor Shower: 1
Privacy Wall/Fence: 1
Rain Gutters: 1
Storage: 1
Pool Info
In Ground: 1
Salt Water: 1
Heated: Yes
Roof
Metal Roof: 1
Financial Status
Standard Sale: Yes
Status Change Info
Sold Date: 2024-12-17
Sold Price: $4,750,000
Status: Closed
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.
