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1401 Simonton Street , #16

Key West, FL 33040
  • $1,475,000
  • STATUS: Active
  • ON SITE: 37 Days
  • MLS #: 613626
Price Reduced
UPDATED: 60 min ago
$1,475,000
  • 2
    BEDS
  • N/A
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 958
    SQFT
  • $1,540
    $/SQFT
Neighborhood:
Type:
Condo
Built:
2006
County:

School Ratings & Info

Description

Luxury Condo with Transient Nightly Rental in Key West now at exceptional Value. With a projection of $200,000 plus in revenue in 2025, this Investment offers an excellent return. In additional, the new owner will receive a $51,000 refurbishment bonus that will transfer at closing. Buyer can choose their own management company or choose to negotiate with the existing on-site company. All current reservations up to 180 days from closing must be honored. Santa Maria Resort was built in 2006, a contemporary design with comfort and Luxury as the center of it's design and continues to be one of the Top Resorts on the Island year after Year. This unit was one of the few one level units overlooking the pool and captures a sense of serene tranquil living where you can relax on the Poolside porch and enjoy all the fruits of Resort Style Living. Being Sold Turn Key with all reservations in place allowing a seamless transition to the new owner. Resort Features include, Off Street Parking, 24 Hr Gym, Concierge, large Heated Pool and so much more.

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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Bascom Grooms Real Estate are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.realtorkeywestfl.com/homes/160206365
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1401 Simonton Street , #16 Key West, FL 33040

  • Price: $1,475,000
  • Status: Active
  • On Site: 37 Days
  • Updated: 60 min ago
  • MLS #: 613626
2
Beds
2
Baths
0
½ Baths
N/A
Acres
958
SQFT
$1,540
$/SQFT
2006
Built
Neighborhood:
Old Town-S Of Truman
County:
Monroe
Area:
01 - Key West
Property Description
Luxury Condo with Transient Nightly Rental in Key West now at exceptional Value. With a projection of $200,000 plus in revenue in 2025, this Investment offers an excellent return. In additional, the new owner will receive a $51,000 refurbishment bonus that will transfer at closing. Buyer can choose their own management company or choose to negotiate with the existing on-site company. All current reservations up to 180 days from closing must be honored. Santa Maria Resort was built in 2006, a contemporary design with comfort and Luxury as the center of it's design and continues to be one of the Top Resorts on the Island year after Year. This unit was one of the few one level units overlooking the pool and captures a sense of serene tranquil living where you can relax on the Poolside porch and enjoy all the fruits of Resort Style Living. Being Sold Turn Key with all reservations in place allowing a seamless transition to the new owner. Resort Features include, Off Street Parking, 24 Hr Gym, Concierge, large Heated Pool and so much more.
Exterior Features

Above Flood Yes Construction CBSConcrete Dockage None Exterior Features LightingLanai Land Size Less Than 1/4 Acre Pool Info In GroundLap Pool Info Heated Yes Pool YN Yes Side Ocean Style Condo Vehicle Storage Open ParkingOff Street ParkingGuest Parking Vehicle Storage Cars 1 Waterfront None Waterfront YN No Waterview No Waterview

Interior Features

Appliances WasherStainless Steel Appliance(s)MicrowaveOvenRangeRefrigeratorDishwasherDryer Cooling Heating Central Air Furnished Furnished Interior Features Drapes/Blinds InclWindow TreatmentsFire SprinklerGranite Counter TopBuilt-in Cabinets Pre Wired Cable

Property Features

Assoc Approval Req No Assoc Fee 3013.40 Assoc Hoa YN Yes Assoc Maint Fee Per Monthly Assoc Right Of Refusal No City KEY WEST Condition Updated/Remodeled Control Depth 0 Deed Restrictions Unknown Fee Includes Bldg Exterior MntCommon Area MntBuilding Insurance Flood Zone AEAEAE Key West Neighborhood Old Town-S of Truman Listing Board Key West Association Mile Marker 1.00 Min Rental Days 1.00 Pets With Restrictions YES Public Sewer Hookup Yes Rentals Allowed Yes Sq Ft Source Property Data Card Tax Exemptions None Tax Year 2023 Taxes 8176.34 Transient License Yes Utilities FKAA Zoning HCT - Historic Commercial Tourist

Listing courtesy of Suzanne Moore of Suzanne Moore Real Estate: (305) 797-0699.


The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Bascom Grooms Real Estate are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
 
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Bascom Grooms Real Estate
1110 Truman Ave
Key West FL, 33040