101 Admirals Lane

$6,300,000

101 Admirals Lane, Key West, FL 33040

Bedrooms

5
Bathrooms

4
Sq.Ft.

3,173

Property Description

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!

Overview

Property Status

Sold

Lot Size

0.33 Acres

MLS ID

612065

Property Type

Residential

Year Built

1994

Features & Amenities

Total Area

3,173 Sq.Ft.

Neighborhood

Truman Annex

Water Frontage

None

View Description

No Waterview

Utilites

FKAA, Propane, Cable Available, Municipal Sewer

Pool

In Ground, Decked, Concrete

Roof

Metal Roof

Parking

Carport, Covered Parking, Off Street Parking

Air Conditioning

Central Air, Ductless, Ceiling Fans(s)

Appliances

Washer, Stainless Steel Appliance(s), Ice Machine, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer

Other Interior Features

Cathedral Ceilings, Window Treatments, Granite Counter Top, Smoke Alarms, Security System, Fireplace(s), Split Bedroom, Cable, Panel, Double Hung Windows, Impact Rstnce Window, Impact Rstnce Doors, French Doors

HOA Amenities

Common Area Mnt, Security

Security Features

Manned Gate, Patrolled Area

Other Exterior Features

Bar, Storage, Sprinkler System, Shed, Outdoor Shower, Outdoor Kitchen, Lighting, Hot Tub, Gazebo, Fencing

Sales Price

$6,300,000

Real Estate Tax

$48,046/yr

HOA

$1,324/3 mos

Zoning

HPRD - Hist Planned Redevelopment & Dev Dist

Schedule a Tour

I would love to help you see this beautiful home! As a full-service real estate agent, I can help you tour. Please submit an offer, and answer questions about the buying process.

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for your interest in 101 Admirals Lane, Key West, FL 33040

101 Admirals Lane

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Explore Truman Annex

A gated, upscale community named after President Harry Truman, the Truman Annex is manicured, peaceful, and ideal for walking or biking.