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60
Photos
525 Simonton Street, Key West, FL 33040
$8,500,000 Asking Price
$---/mo Est. Payment Get Prequalified »
11
beds
11
baths
4,295
sqft
Built in
1889
Exclusive opportunity to own one of the largest TRANSIENTLY licensed properties in Old Town Key West. 11 Br, 11Ba, 2 pools, 2 transient licenses, and off street parking for 4+ vehicles. The Watson House is Located centrally on Key West's most iconic street and only 1 block off Duval street. The Grand Estate is comprised of a 7 Bedroom Mansion and a 4 bedroom Villa. Each home offering a private pool.The mansion was refitted by a local designer in July 2022, including fresh paint and new furniture. Upon entering the mansion you will be greeted with 12 foot soaring ceilings, 2 first floor guest rooms with bath, parlor, living room, dining room and kitchen. The kitchen opens up to a private pool with decking and lounge chairs. A large family style outdoor table is provided for dining al fresco. Heading back inside you will take the Victorian staircase to the second floor. On the second floor you will find 4 bedrooms with en suite baths. The front primary suite offers a private balcony overlooking Simonton Street. A secondary balcony is provided for the rear primary suite overlooking the pool. Take the spiral staircase to the third floor and you will discover a large third floor private suite. Bright and airy the suite provides a living room, wet bar and balcony overlooking the pool. All three floors can also be accessed by exterior and interior staircases. Going back into the parking area, you will take a side entrance to the villa. The villa was renovated to the studs in 2014 with modern and sleek finishes. The villa offers 4 bedrooms and 4 baths, full kitchen, living room, private pool and outdoor bar. The 2 transient licenses give versatility for the property to be rented as an 11 bedroom and 11 bath estate or rented separately as a 7br main house and 4br villa. There are few large estates in Key West, which gives way to its popularity and advance bookings.Available to be purchased separately. MLS #607104 and MLS # 607103
Features & Amenities
Interior
- General:
- Built-in Cabinets,Sky Light(s),Window Treatments,Storage,Smoke Alarms,Drapes/Blinds Incl
- A/C:
- Central Air,Ductless
Exterior
- General:
- Fencing,Storage
- Pool:
- Yes, Concrete,In Ground,Other
Location
- County:
- Monroe
Lot
- Zoning:
- HRCC - Historic Residential Commercial Core, 1009491, 00009240-000000
Utilities
- Utilities:
- Buyer to Verify
This listing courtesy of:
Island Home Realty Inc., Paige Bethel
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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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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