901 Grinnell Street, Key West, FL 33040
$2,450,000
Property Type:
Residential
Bedrooms:
2
Baths:
3
Square Footage:
1,360
Lot Size (sq. ft.):
1,624
Status:
Closed
Current Price:
$2,450,000
List Date:
1/27/2024
Last Modified:
8/25/2024
Description
TRANSIENTLY LICENSED Vacation Rental Home with over $200K in Rental Income.
Single family private homes in Old Town with the true Conch House charm, a private, heated pool and a true transient nightly rental license are the Unicorns of our market - you so rarely see them they almost appear as legend.
Enter 901 Grinnell Street: a 2 Bedroom, 3 Bathroom single family home with a private pool and a true transient license to operate as a nightly rental with no minimums or additional restrictions.
This property is fully outfitted as a luxury vacation rental with a decade of performance history in the top of the market, grossing an average of $200,000+ per year in 2021, 2022, 2023, and on track to achieve the same in 2024 with $85,000+ in rentals already on the books for the calendar year.
With constant attention paid at the highest level of management over the past decade, mixed with enormous renovations and attentive upgrades this home is a turnkey vacation rental cash cow perfect for Buyers who also intend to use the home as their own when visiting. Property sold completely turnkey including all furniture, fixtures, electronics, artwork, housewares...walk right in to this high performing rental.
Renovations and upgrades include entire top floor, all bathrooms, kitchen, flooring throughout, exterior siding, pool deck, porches...Come see for yourself...
More Information MLS# 608366
Contract Information
Listing Board: Key West Association
As is Rght to Inspct: Yes
Current Price: $2,450,000
Listing Date: 2024-01-27
Sold Price: $2,450,000
Location, Tax & Legal
KW Neighborhood: Old Town-N of Truman
City: KEY WEST
Mile Marker: 1
Marathon Neighborhood: N/A
Side: Median
Flood Zone: 0.2 PCT ANNUAL CHANC
Alternate Key #: 1021547
Parcel #: 00020810-000000
Zoning: HHDR - Historic High Density Residential
Deed Restrictions: No
Legal: KW PT LT 2 SQR 3 TR 6 PP-271 UU193/94 D3-226 H2-21 G7-102 OR505-644 OR593-106 OR605-202 OR653-244 OR843-2012 OR943-1260/
Taxes: 7582.01
Tax Year: 2023
Pub Sewer HkUp: Yes
Street #: 901
Street Name: Grinnell
Street Suffix: Street
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: 1624
Pool: Yes
Lot Sqft Source: Tax Records
Total Units: 1
Acres: 0.04
SqFt Source: Seller
Rentals Allowed: Yes
Style: Single Family
Year Built: 1948
Living Apx SqFt: 1360
Total Bedrooms: 2
Full Baths: 3
Total Baths: 3
Remarks & Misc
Remarks – Consumer: TRANSIENTLY LICENSED Vacation Rental Home with over $200K in Rental Income.
Single family private homes in Old Town with the true Conch House charm, a private, heated pool and a true transient nightly rental license are the Unicorns of our market - you so rarely see them they almost appear as legend.
Enter 901 Grinnell Street: a 2 Bedroom, 3 Bathroom single family home with a private pool and a true transient license to operate as a nightly rental with no minimums or additional restrictions.
This property is fully outfitted as a luxury vacation rental with a decade of performance history in the top of the market, grossing an average of $200,000+ per year in 2021, 2022, 2023, and on track to achieve the same in 2024 with $85,000+ in rentals already on the books for the calendar year.
With constant attention paid at the highest level of management over the past decade, mixed with enormous renovations and attentive upgrades this home is a turnkey vacation rental cash cow perfect for Buyers who also intend to use the home as their own when visiting. Property sold completely turnkey including all furniture, fixtures, electronics, artwork, housewares...walk right in to this high performing rental.
Renovations and upgrades include entire top floor, all bathrooms, kitchen, flooring throughout, exterior siding, pool deck, porches...Come see for yourself...
Directions: Corner of Olivia St and Grinnell St on the Truman side
Status Change Info
Sold Comments: Thank you Joe!
Sold Date: 2024-06-10
Sold Price: $2,450,000
Status: Closed
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Association Fee $: 0
License Info
# of City License: 1
Transient Rntl Licns: Yes
Fee Includes
None: 1
Dockage
None: 1
Tax Exemptions
None: 1
Appliances
Dishwasher: 1
Dryer: 1
Freezer: 1
Gas Appliances: 1
Microwave: 1
Oven: 1
Range: 1
Refrigerator: 1
Washer: 1
Pets
Pets Allowed: 1
Cooling
Ceiling Fans(s): 1
Central Air: 1
Ductless: 1
Heating
Hot Water: 1
Waterfront
None: 1
Waterview
No Waterview: 1
Floor
Tile: 1
Wood: 1
Interior Features
Dade County Pine: 1
Drapes/Blinds Incl: 1
Sky Light(s): 1
Smoke Alarms: 1
Property Condition
Updated/Remodeled: 1
Building Style
Above Flood: Yes
Conch: 1
Stories: 2 Stories
Windows/Doors
French Doors: 1
Single Hung Windows: 1
Wood Windows: 1
Construction
Frame: 1
Land Size
Less Than 1/4 Acre: 1
Furnished
Furnished: 1
Utilities
Buyer to Verify: 1
Porch/Balcony
Deck: 1
Open Porch/Balcony: 1
Roof Top Deck: 1
Exterior Features
Fencing: 1
Outdoor Shower: 1
Privacy Wall/Fence: 1
Water Display: 1
Pool Info
In Ground: 1
Heated: Yes
Decked: 1
Pre-Wired
Cable: 1
Roof
Metal Roof: 1
Shutters
Bahama: 1
Panel: 1
GF-Interior Features
Tankless Hot Wtr Htr: 1
Property Features
Fee Includes: None
Tax Exemptions: None
Waterfront: None
Waterview: No Waterview
Dockage: None
Property Condition: Updated/Remodeled
Building Style: Conch
Furnished: Furnished
Cooling: Ceiling Fans(s); Central Air; Ductless
Heating: Hot Water
Utilities: Buyer to Verify
Interior Features: Dade County Pine; Drapes/Blinds Incl; Sky Light(s); Smoke Alarms
Pre-Wired: Cable
Appliances: Dishwasher; Dryer; Freezer; Gas Appliances; Microwave; Oven; Range; Refrigerator; Washer
Exterior Features: Fencing; Outdoor Shower; Privacy Wall/Fence; Water Display
Pool Info: In Ground; Decked
Construction: Frame
Shutters: Bahama; Panel
Floor: Tile; Wood
Roof: Metal Roof
Pets: Pets Allowed
Land Size: Less Than 1/4 Acre
GF-Interior Features: Tankless Hot Wtr Htr
Room Information
Living Room
Level: Main
Bedroom 1
Level: Second
Bedroom 2
Level: Second
Kitchen
Level: Main
Full Bathroom
Level: Main
Full Bathroom
Level: Second
Full Bathroom
Level: Second
Listing Brochure | Financials| Renovatio ›
Listing Office:
eXp Realty LLC
Last Updated: August - 25 - 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.