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

Architecture Styles

Above Flood

Water Frontage

None

View Description

No Waterview

Pool

Concrete, Heated, In Ground, Decked

Roof

Metal

Parking

Off Street, Covered, Carport

Air Conditioning

Ductless, Central Air, Ceiling Fans(s)

Appliances

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

Other Interior Features

Cathedral Ceilings, Fireplace(s), Granite Counter Top, Security System, Smoke Alarms, Split Bedroom, Window Treatments

Security Features

Manned Gate, Patrolled Area

Other Exterior Features

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

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.

In Person

Via Video Chat

Your full name*

Your Phone*

E-mail Address*

Middle Name

I agree to be contacted by KeyWestTed via call, email, and text for real estate services. To opt out, you can reply 'stop' at any time or reply 'help' for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. Privacy Policy.

Change time

Thank you

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

101 Admirals Lane

Navigate

Explore Truman Annex

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