1401 Simonton St Unit # 11, Key West, FL 33040
- $1,250,000
- 2
- BD
- 2
- BA
- 958
- SqFt
- List Price
- $1,250,000
- MLS#
- 619022
- Status
- ACTIVE
- Island
- Key West
- County
- Monroe
- City
- Key West
- Area
- Key West
- Subdivision
- Filer Boyle Sub (1.0)
- Neighborhood
- Old Town-S of Truman
- Bedrooms
- 2
- Bathrooms
- 2
- Living Area
- 958
- Year Built
- 2006
- Days on Market
- 138
Property Description
This two-bedroom, two-bathroom condominium residence at Santa Maria Suites Resort offers both personal use and strong rental income potential. One of the resort's limited single-level units, the property produces nearly $200,000 in annual gross rental income and allows for transient nightly rentals. The floor plan features a generous living and dining area, full kitchen, and two private bedroom suites. Located just steps from iconic Duval Street, the property provides convenient access to Old Town restaurants, shops, and nightlife while maintaining a quiet resort setting. Resort amenities include swimming pool, fitness center, and off-street parking. Planned improvements to the residences, pool, and fitness areas are scheduled for completion in 2027. The current owner has paid the majority of the special assessment associated with these upgrades. Owners may choose their own rental management company or participate in the on-site program. Suitable for buyers seeking an income-producing investment, second home, or a combination of both.
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Additional Information
- Hoa Fee
- $3,215
- Taxes
- $8,415
- Interior Features
- Custom Cabinets, Granite Counters, Lobby
- Appliances
- Washer, Dryer, Dishwasher, Refrigerator, Range, Oven, Microwave, Disposal, Wine Cooler, Stainless Steel Appliance(s)
- Exterior Features
- Fence, Lighting, Sprinkler System, Water Feature
- Roof
- Concrete
- Pool
- Yes
- Zoning
- HCT - Historic Commercial Tourist
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Listing Courtesy Of Century 21 All Keys Inc (KW), Contact: 305-294-4200