101 Admirals Lane, Key West, FL 33040

$7,249,000 Asking Price

5 beds
4 baths
3,173  sqft
Built in 1994

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 & Amenities

Interior

General:
Cathedral Ceilings,Window Treatments,Granite Counter Top,Smoke Alarms,Security System,Fireplace(s),Split Bedroom
Flooring:
Tile,Wood
A/C:
Central Air,Ductless,Ceiling Fans(s)

Exterior

General:
Bar,Storage,Sprinkler System,Shed,Outdoor Shower,Outdoor Kitchen,Lighting,Hot Tub,Gazebo,Fencing
Pool:
Yes, In Ground,Other,Concrete

Construction

Roofing:
Metal Roof

Location

County:
Monroe

Lot

Zoning:
HPRD - Hist Planned Redevelopment & Dev Dist, 8772858, 00004590-001001

Utilities

Utilities:
FKAA,Propane,Cable Available,Municipal Sewer

This listing courtesy of:
Last Key Realty, Inc (KW), Andrea Leskova Otava

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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