About 101 Admirals Lane
$500,000 ANNUAL RENTAL INCOME! EXCLUSIVELY LUXURIOUS COMPOUND IN KEY WEST!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 of 101 Admirals Lane
| MLS® # | 607301 |
|---|---|
| Price | $7,499,000 |
| Bedrooms | 5 |
| Bathrooms | 4.00 |
| Full Baths | 4 |
| Square Footage | 3,173 |
| Land Size | 14,375 |
| Year Built | 1994 |
| Type | Residential |
| Sub-Type | Single Family |
| Style | Ground Level |
| Status | Active |
Community Information
| Address | 101 Admirals Lane |
|---|---|
| Area | 01 - Key West |
| Subdivision | Old Town - Unrecord (1.0) |
| City | KEY WEST |
| County | Monroe |
| State | FL |
| Zip Code | 33040 |
Amenities
| Utilities | Municipal Sewer, FKAA, Propane Gas, Cable Available |
|---|---|
| Parking Spaces | 4 |
| Parking | Carport, Covered Parking, Off Street Parking |
| View | No Waterview |
| Is Waterfront | No |
| Waterfront | None |
| Has Pool | Yes |
| Pool | In Ground, Concrete, Decked |
Interior
| Interior Features | Cathedral Ceilings, Split Bedroom, Fireplace(s), Granite Counter Top, Security System, Smoke Alarms, Window Treatments |
|---|---|
| Appliances | Dishwasher, Stainless Steel Appl, Refrigerator, Range, Microwave, Washer, Dryer, Oven, Ice Machine |
| Cooling | Ceiling Fans, Central A/C, Ductless A/C |
| Fireplace | Yes |
Exterior
| Exterior Features | Bar, Fencing, Gazebo, Hot Tub, Landscape Lighting, Outdoor Kitchen, Outdoor Shower, Shed, Sprinkler System, Storage |
|---|---|
| Lot Description | 1/4 - 1/2 Acre |
| Windows | Impact Rstnce Doors, Impact Rstnce Window, Double Hung Windows, French Doors |
| Roof | Metal Roof |
| Construction | Frame |
Additional Information
| Date Listed | November 4th, 2023 |
|---|---|
| Days on Market | 175 |
| Zoning | HPRD - Hist Planned Redevelopment & Dev Dist |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees | 1324.00 |
| HOA Fees Freq. | Quarterly |
Listing Details
| Agent | Andrea Otava |
|---|---|
| Office | Last Key Realty, Inc (KW) |