62 Front Street, Key West, FL 33040

$3,150,000
Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 2,486 Lot Size (sq. ft.): 5,001 Status: Closed
Current Price: $3,150,000 List Date: 8/02/2021 Last Modified: 8/25/2024

Description

Incredible opportunity to own both a delightful single family home in the coveted Truman Annex gated community AND a Four Bedroom Transiently Licensed Turn Key Luxury Vacation Rental Investment Home, fully outfitted to the highest standard and projected to achieve rental income in excess of $200,000 in the first calendar year of active rental. Collect the revenue of an exceptional vacation home with a special transient license, with the benefit of visiting and enjoying your beautifully classic yet unique Eyebrow home in the heart of Old Town - complete with sunny private pool, covered deck, and magnificently landscaped grounds featuring waterfalls of orchids spilling from a gorgeous Gumbo Limbo tree. Previously a full time residence...

Supplements: Incredible opportunity to own both a delightful single family home in the coveted Truman Annex gated community AND a Four Bedroom Transiently Licensed Turn Key Luxury Vacation Rental Investment Home, fully outfitted to the highest standard and projected to achieve rental income in excess of $200,000 in the first calendar year of active rental. Collect the revenue of an exceptional vacation home with a special transient license, with the benefit of visiting and enjoying your beautifully classic yet unique Eyebrow home in the heart of Old Town - complete with sunny private pool, covered deck, and magnificently landscaped grounds featuring waterfalls of orchids spilling from a gorgeous Gumbo Limbo tree. Previously a full time residence... Previously a full time residence providing the added benefits of luxuries such as a massive walk in closet off the Master bedroom, an office overlooking the pool area, a whirlpool tub, and double covered carports. Must be seen to fully appreciate the high ceilings and exquisite flooring. Easy to show when not occupied by vacation rental guests - call Agent to schedule. Owner is a licensed R.E. broker.

More Information MLS# 594806

Contract Information

Listing Board: Key West Association As is Rght to Inspct: Yes Current Price: $3,150,000 Listing Date: 2021-02-21 Sold Price: $3,150,000

Location, Tax & Legal

KW Neighborhood: Truman Annex City: KEY WEST Mile Marker: 1 Marathon Neighborhood: N/A Side: Bay/Gulf Flood Zone: AE Alternate Key #: 8732708 Parcel #: 00006700-000400 Zoning: HPRD - Hist Planned Redevelopment & Dev Dist Deed Restrictions: No Legal: KW PT LOT 3 BLK 40 (A/K/A LOT 120) (.1148 AC) OR1005-78/128 OR1005-190/201 OR1029-2037/42 OR1097-563/65 OR1199-1794/96 O Taxes: 24298.47 Tax Year: 2019 Pub Sewer HkUp: Yes Street #: 62 Street Name: Front 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 Size: 50x100 Lot SqFt: 5001 Pool: Yes Total Units: 0 Acres: 0.11 SqFt Source: Seller Rentals Allowed: Yes Min Rental Days: 7 Style: Single Family Year Built: 1998 Living Apx SqFt: 2486 Total Bedrooms: 4 Full Baths: 3 Total Baths: 3

Remarks & Misc

Remarks – Consumer: Incredible opportunity to own both a delightful single family home in the coveted Truman Annex gated community AND a Four Bedroom Transiently Licensed Turn Key Luxury Vacation Rental Investment Home, fully outfitted to the highest standard and projected to achieve rental income in excess of $200,000 in the first calendar year of active rental. Collect the revenue of an exceptional vacation home with a special transient license, with the benefit of visiting and enjoying your beautifully classic yet unique Eyebrow home in the heart of Old Town - complete with sunny private pool, covered deck, and magnificently landscaped grounds featuring waterfalls of orchids spilling from a gorgeous Gumbo Limbo tree. Previously a full time residence... Directions: Enter Truman Annex on Southard, make right down Emma, pass Fleming St intersection and home is 5th on the Right

Status Change Info

Sold Comments: $5k credit to buyer Sold Date: 2021-09-15 Sold Price: $3,150,000 Status: Closed

Association Info

Mandatory Home Owners Asc: Yes 1st Right of Refusal: Yes Condo Doc's: Yes Association Fee $: 925 Assoc/Mnt Fee Per: Quarterly

License Info

# of City License: 1 # of County License: 1 Transient Rntl Licns: Yes

Fee Includes

Common Area Mnt: 1 Security: 1 Sewer: 1

Dockage

None: 1

Tax Exemptions

None: 1

Appliances

Dishwasher: 1 Disposal: 1 Dryer: 1 Freezer: 1 Microwave: 1 Oven: 1 Range: 1 Refrigerator: 1 Washer: 1

Pets

Pets Allowed: 1

Cooling

Central Air: 1

Waterfront

None: 1

Waterview

No Waterview: 1

Floor

Wood: 1

Interior Features

Built-in Cabinets: 1 Drapes/Blinds Incl: 1 Granite Counter Top: 1 Pantry: 1 Pull Down Stairs: 1 Smoke Alarms: 1 Storage: 1 Walk-in Closet(s): 1 Whirlpool Bath Tub: 1 Window Treatments: 1

Property Condition

Updated/Remodeled: 1

Specialty Rooms

Laundry Room: 1

Building Style

Above Flood: Yes Eyebrow: 1

Windows/Doors

Double Hung Windows: 1 French Doors: 1 Wood Windows: 1

Vehicle Storage

Car(s): 2 Carport: 1

Security

Electric Gate: 1 Manned Gate: 1 Patrolled Area: 1

Construction

Frame: 1

Land Size

Less Than 1/4 Acre: 1

Furnished

Negotiable: 1

Terms

Cash: 1 Conventional: 1 No Seller Finance: 1

Utilities

Cable Available: 1 Elect Separate Meter: 1 FKAA: 1 Municipal Sewer: 1 Propane: 1 Water Separate Meter: 1

Porch/Balcony

Open Porch/Balcony: 1 Patio: 1

Title

Title Ins - Buyer: 1

Exterior Features

Fencing: 1 Lighting: 1 Privacy Wall/Fence: 1 Rain Gutters: 1 Shed: 1 Storage: 1

Pool Info

In Ground: 1 Heated: Yes Concrete: 1

Pre-Wired

Cable: 1

Roof

Metal Roof: 1

Financial Status

Standard Sale: Yes

Accessibility Feat

Accessible Doors: 1 Accessible Full Bath: 1 Accessible Kitchen: 1 Parking: 1

Shutters

Bahama: 1 Roll Down Manual: 1

Property Features

Fee Includes: Common Area Mnt; Security; Sewer Tax Exemptions: None Waterfront: None Waterview: No Waterview Dockage: None Property Condition: Updated/Remodeled Building Style: Eyebrow Vehicle Storage: Carport Furnished: Negotiable Cooling: Central Air Utilities: Cable Available; Elect Separate Meter; FKAA; Municipal Sewer; Propane; Water Separate Meter Interior Features: Built-in Cabinets; Drapes/Blinds Incl; Granite Counter Top; Pantry; Pull Down Stairs; Smoke Alarms; Storage; Walk-in Closet(s); Whirlpool Bath Tub; Window Treatments Pre-Wired: Cable Specialty Rooms: Laundry Room Appliances: Dishwasher; Disposal; Dryer; Freezer; Microwave; Oven; Range; Refrigerator; Washer Exterior Features: Fencing; Lighting; Privacy Wall/Fence; Rain Gutters; Shed; Storage Accessibility Feat: Accessible Doors; Accessible Full Bath; Accessible Kitchen; Parking Pool Info: In Ground; Concrete Construction: Frame Shutters: Bahama; Roll Down Manual Floor: Wood Roof: Metal Roof Pets: Pets Allowed Security: Electric Gate; Manned Gate; Patrolled Area Land Size: Less Than 1/4 Acre Terms: Cash; Conventional; No Seller Finance Title: Title Ins - Buyer

Room Information

Living Room Length: 25.10 Length: 25.10 Width: 23.20 Width: 23.20 Kitchen Length: 19.30 Length: 19.30 Width: 11.50 Width: 11.50 Bedroom 1 Length: 14.10 Length: 14.10 Width: 12.10 Width: 12.10 Bedroom 2 Length: 15.10 Length: 15.10 Width: 10.11 Width: 10.11 Bedroom 3 Length: 11.30 Length: 11.30 Width: 9.50 Width: 9.50 Bedroom 4 Length: 11.30 Length: 11.30 Width: 9.40 Width: 9.40 Other Room Length: 11.10 Length: 11.10 Width: 9.40 Width: 9.40 Other Room Length: 11.30 Length: 11.30 Width: 11.20 Width: 11.20
Listing Office: Last Key Realty, Inc (KW)
Last Updated: August - 25 - 2024
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