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Home for Sale at 525 Simonton St Key West, FL 33040

$8,500,000
Key West

11
Beds

11
Baths

No
Garage

4295
Sqft

8,269 sqft
Lot Size

1889
Year Built

Yes
Pool

No
View

4 | 5 |
Schools

Key West: $8,500,000
11 Beds | 11 Baths | No Gar | 4295 Sqft
Yes
Pool
None
View
8,269 sqft
Lot Size
No schools data available
Schools
108 days
DOM
1889
Year Built
$48,750
Annual Taxes
$0
Monthly HOA
108 days
DOM
$2,616
Rent Estimate
Exclusive
Airbnb Estimate
$7,767,400
Value Estimate
$48,750
Annual Taxes
--
Monthly HOA
$7,767,400
Value Estimate
$2,616
Rent Estimate
$8,500,000
Price $1,979/sqft
Exclusive
Airbnb Estimate
Welcome home!

Exclusive opportunity to own one of the largest TRANSIENTLY licensed properties in Old Town Key West. 11 Br, 11Ba, 2 pools, 2 transient licenses, and off street parking for 4+ vehicles. The Watson House is Located centrally on Key West's most iconic street and only 1 block off Duval street. The Grand Estate is comprised of a 7 Bedroom Mansion and a 4 bedroom Villa. Each home offering a private pool.The mansion was refitted by a local designer in July 2022, including fresh paint and new furniture. Upon entering the mansion you will be greeted with 12 foot soaring ceilings, 2 first floor guest rooms with bath, parlor, living room, dining room and kitchen. The kitchen opens up to a private pool with decking and lounge chairs. A large family style outdoor table is provided for dining al fresco. Heading back inside you will take the Victorian staircase to the second floor. On the second floor you will find 4 bedrooms with en suite baths. The front primary suite offers a private balcony overlooking Simonton Street. A secondary balcony is provided for the rear primary suite overlooking the pool. Take the spiral staircase to the third floor and you will discover a large third floor private suite. Bright and airy the suite provides a living room, wet bar and balcony overlooking the pool. All three floors can also be accessed by exterior and interior staircases. Going back into the parking area, you will take a side entrance to the villa. The villa was renovated to the studs in 2014 with modern and sleek finishes. The villa offers 4 bedrooms and 4 baths, full kitchen, living room, private pool and outdoor bar. The 2 transient licenses give versatility for the property to be rented as an 11 bedroom and 11 bath estate or rented separately as a 7br main house and 4br villa. There are few large estates in Key West, which gives way to its popularity and advance bookings.Available to be purchased separately. MLS #607104 and MLS # 607103

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525 Simonton St
Key West, FL 33040
MLS# 610247 - Parcel# 00009240000000 - SINGLE FAMILY - FOR SALE

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Brokered by Paige Bethel, Island Home Realty Inc.
Listing last updated: 2024-09-19 14:39:47
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Key West Homes for Sale by Number of Bedrooms
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A seller’s willingness to negotiate often depends on market conditions, the seller's motivation to sell, and how long the property has been listed. Typically, prices can be reduced by 2-3% during negotiations. However, in competitive markets with multiple offers, properties often sell at or above the asking price. To discuss making an offer on this property, please contact your Bluecastle agent as soon as possible.

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