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
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