311 Elizabeth Street, Key West, FL 33040 (MLS# 587921)

311 Elizabeth Street, Key West, FL 33040

$3,100,000

Property Type: Residential Bedrooms: 9 Baths: 5 Square Footage: 3,973 Lot Size (sq. ft.): 4,991 Status: Closed

Current Price: $3,100,000 List Date: 10/07/2020 Last Modified: 8/26/2024

Description

Abundance in Old Town! This grand 9Bd, 5Ba historic home w/ guesthouse and pool underwent a full renovation in 2015 to create a uniquely designed floor plan offering endless possibilities. This luxury Old Town compound provides a unique investment opportunity with 2 transient & 1 non-transient rental license currently being professionally managed as a full time vacation rental business with over $375,000 of income annually. Offered turnkey furnished and in pristine condition, not a beat will be missed making this business opportunity and luxury real estate investment your own piece of Old Town Key West.

More Information MLS# 587921

Contract Information

Listing Board: Key West Association As is Rght to Inspct: Yes Potential Short Sale: No Bank Owned: No Current Price: $3,100,000 Listing Date: 2019-10-23 Sold Price: $3,100,000

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 #: 1003841 Parcel #: 00003680-000000 Zoning: HMDR - Historic Medium Density Residential Deed Restrictions: No Legal: KW PT LOT 3 SQR 22 H3-30 H3-30 OR860-1315D/C OR875-2370/73 OR877-1217 OR1052-1541 OR1052-1766 OR1412-1472/73R/S OR2634-1 Taxes: 10741.76 Tax Year: 2018 Pub Sewer HkUp: Yes Street #: 311 Street Name: Elizabeth 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: 4991 Pool: Yes Total Units: 0 Acres: 0.11 SqFt Source: Builder/Architect Rentals Allowed: Yes Min Rental Days: 1 Style: Single Family Year Built: 1953 Living Apx SqFt: 3973 Total Bedrooms: 9 Full Baths: 5 Total Baths: 5

Remarks & Misc

Remarks – Consumer: Abundance in Old Town! This grand 9Bd, 5Ba historic home w/ guesthouse and pool underwent a full renovation in 2015 to create a uniquely designed floor plan offering endless possibilities. This luxury Old Town compound provides a unique investment opportunity with 2 transient & 1 non-transient rental license currently being professionally managed as a full time vacation rental business with over $375,000 of income annually. Offered turnkey furnished and in pristine condition, not a beat will be missed making this business opportunity and luxury real estate investment your own piece of Old Town Key West.

Association Info

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

License Info

Transient Rntl Licns: Yes

Fee Includes

None: 1

Dockage

None: 1

Tax Exemptions

None: 1

Appliances

Dishwasher: 1 Disposal: 1 Dryer: 1 Freezer: 1 Gas Appliances: 1 Ice Machine: 1 Microwave: 1 Oven: 1 Range: 1 Refrigerator: 1 Stainless Steel Appliance(s): 1 Washer: 1

Pets

Pets Allowed: 1

Cooling

Ceiling Fans(s): 1 Ductless: 1 Heat: 1

Waterfront

None: 1

Waterview

No Waterview: 1

Floor

Tile: 1 Wood: 1

Interior Features

Built-in Cabinets: 1 Cathedral Ceilings: 1 Drapes/Blinds Incl: 1 Fire Sprinkler: 1 Quartz Countertops: 1 Smoke Alarms: 1 Storage: 1 Window Treatments: 1

Specialty Rooms

Guest/Servant Qtrs: Legal

Building Style

Above Flood: Yes Stories: 3 Stories

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

Utilities

Cable Available: 1 FKAA: 1 Municipal Sewer: 1

Porch/Balcony

Deck: 1 Open Porch/Balcony: 1

Exterior Features

Detached Guest Qtrs: 1 Fencing: 1 Lighting: 1 Outdoor Shower: 1 Privacy Wall/Fence: 1 Rain Gutters: 1 Shed: 1 Storage: 1

Pool Info

In Ground: 1 Lap: 1 Heated: Yes Concrete: 1 Dimensions: 25' x 8' Decked: 1

Pre-Wired

Cable: 1

Roof

Metal Roof: 1

Financial Status

Bank Owned: No Potential Short Sale: No

Status Change Info

Sold Date: 2021-01-28 Sold Price: $3,100,000 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); Ductless; Heat Utilities: Cable Available; FKAA; Municipal Sewer Interior Features: Built-in Cabinets; Cathedral Ceilings; Drapes/Blinds Incl; Fire Sprinkler; Quartz Countertops; Smoke Alarms; Storage; Window Treatments Pre-Wired: Cable Appliances: Dishwasher; Disposal; Dryer; Freezer; Gas Appliances; Ice Machine; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer Exterior Features: Detached Guest Qtrs; Fencing; Lighting; Outdoor Shower; Privacy Wall/Fence; Rain Gutters; Shed; Storage Pool Info: In Ground; Lap; Concrete; Decked Construction: Frame Floor: Tile; Wood Roof: Metal Roof Pets: Pets Allowed Land Size: Less Than 1/4 Acre

Listing Office: Truman & Co. (KW)

Last Updated: August - 26 - 2024

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