508 Virginia Street, Key West, FL 33040

$4,999,000 Asking Price

3 beds
4 baths
2,281  sqft
Built in 1945

This magnificent TRANSIENT rental property with two homes and a heated pool blends privacy with convenience. Nestled in historic Old Town and just steps from Duval Street, this 3 bedroom/3.5 bath complex has a strong rental history. Once home to iconic fashion designers, this gated haven will astonish you. To your right is the main single-story building which includes a king bedroom and large, sleek ensuite bath. Vaulted ceilings, skylights, exposed beams, and French doors surround the expansive open concept living room and dining room. The space is bathed in sunlight and perfect for entertaining. At the far end of the main building, you will find a spectacular stainless steel commercial kitchen with a vaulted ceiling and outdoor views. Equipped with prep areas, an island, cabinetry, a double sink, and an oversized gas range with hood, you have everything you need to prepare meals or parties for large groups. A personal Chef would be delighted to cook in this kitchen. As you move out onto the covered porch, you will enjoy indoor-outdoor living at its finest. With easy access to the pool, you can spend your afternoon relaxing outdoors. The porch provides a respite from the sun and an area for al fresco dining. The two-story home at the rear of the property stacks two spacious bedrooms with ensuite baths and seating areas. Each is complemented with either a balcony or covered porch overlooking the pool. Guests or extended family can mingle around the gorgeous outdoor area or retreat to their own private spaces. Both homes surround the large pool with the convenience of an outdoor shower. The complex's stunning tropical lush landscaping and privacy fencing offers a tranquil oasis including off-street parking, a rare amenity in Key West. From here you can walk to Higgs Beach, the Southernmost Point and the shops and restaurants on Duval Street. This opportunity to own a transient rental property in an ideal location won't last long. Call today for a private showing!

Features & Amenities

Interior

General:
Drapes/Blinds Incl,Sky Light(s),Walk-in Closet(s),Smoke Alarms,Fireplace(s),Split Bedroom,Cathedral Ceilings
Flooring:
Tile,Concrete,Wood
A/C:
Central Air,Ductless,Ceiling Fans(s)

Exterior

General:
Detached Guest Qtrs,Storage,Privacy Wall/Fence,Outdoor Shower,Lighting,Rain Gutters
Pool:
Yes, In Ground,Salt Water

Construction

Roofing:
Metal Roof

Location

County:
Monroe

Lot

Zoning:
HRCC(1 - 4) - Hist Res Comm Core 1-4 SF Specl, 1028517, 00027740-000000

Utilities

Utilities:
FKAA,Cable Available,Municipal Sewer

This listing courtesy of:
Brenda Donnelly Real Estate LLC, Brenda J Donnelly

About Key West, FL

Housing

Number of Units
17,193
Median Home Value
$691,198
Median Rent
$1,698

57.07% of housing units are renter occupied.

19.25% are vacant.

Commute

Car
63.42%
Public Transportation
0.78%
Walk to Work
6.60%
Work from Home
10.68%
Other
2.85%

The median travel time to work is 14 minutes.

People

Population
31,038
Median Age
43.40
Median Household Size
2.48

Education

High School
26.79%
Associate’s Degree
7.86%
Bachelor’s Degree
22.80%
Graduate Degree
13.76%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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