101 Admirals Lane, KEY WEST, FL

$7,499,000

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5

Beds

4

Baths

3,173

Square feet

0.33

Acres

About 101 Admirals Lane

$500,000 ANNUAL RENTAL INCOME! EXCLUSIVELY LUXURIOUS COMPOUND IN KEY WEST!With its special transient license, The Royal Compound is currently generating $500,000 a year from first-class guests who will accept only the best in vacation homes. What's interesting is that most of the rental income comes from monthly rentals, so you can expect almost as much income without a transient license. This extraordinary home is situated on one of the largest lots (14,183 SF) in Truman Annex and is being offered as the ultimate turnkey property. There are a total of 5 bedrooms and 4 bathrooms: 3 bedrooms and 2 bathrooms in the main house and two 1 bedroom, 1 bathroom private cottages. This expansive property includes a covered seating and dining area under the gazebo, which overlooks the resort-style heated pool and outdoor kitchen. The value of this home is not only its privacy with exotic landscaping, but its ability to generate income when you are away. Schedule your private showing of The Royal Compound to appreciate the uniqueness of this one-of-a-kind property!

Features of 101 Admirals Lane

MLS® # 607301
Price $7,499,000
Bedrooms 5
Bathrooms 4.00
Full Baths 4
Square Footage 3,173
Acres 0.33
Year Built 1994
Type Residential
Sub-Type Single Family
Style Ground Level
Status Active

Community Information

Address 101 Admirals Lane
Area 01 - Key West
Subdivision Old Town - Unrecord (1.0)
City KEY WEST
County Monroe
State FL
Zip Code 33040

Amenities

Utilities Municipal Sewer, FKAA, Propane Gas, Cable Available
Parking Spaces 4
Parking Carport, Covered Parking, Off Street Parking
View No Waterview
Is Waterfront No
Waterfront None
Has Pool Yes
Pool In Ground, Concrete, Decked

Interior

Interior Features Cathedral Ceilings, Split Bedroom, Fireplace(s), Granite Counter Top, Security System, Smoke Alarms, Window Treatments
Appliances Dishwasher, Washer, Stainless Steel Appl, Oven, Refrigerator, Range, Microwave, Dryer, Ice Machine
Cooling Ceiling Fans, Central A/C, Ductless A/C
Fireplace Yes

Exterior

Exterior Features Storage, Bar, Fencing, Gazebo, Hot Tub, Landscape Lighting, Outdoor Kitchen, Outdoor Shower, Shed, Sprinkler System
Lot Description 1/4 - 1/2 Acre
Windows Impact Rstnce Doors, Impact Rstnce Window, Double Hung Windows, French Doors
Roof Metal Roof
Construction Frame

Additional Information

Date Listed November 4th, 2023
Days on Market 202
Zoning HPRD - Hist Planned Redevelopment & Dev Dist
Short Sale No
RE / Bank Owned No
HOA Fees 1324.00
HOA Fees Freq. Quarterly

Listing Details

AgentAndrea Otava
OfficeLast Key Realty, Inc (KW)

Listing Map

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