$2,000,000

1401 Simonton St Unit 14 Key West, FL 33040

Old Town Neighborhood

Estimated payment $11,206/month

Total Views 24,323
2 Beds
2 Baths
958 Sq Ft
$2,088 Price per Sq Ft

About This Home

This second-floor luxury condo is ideally situated just one block from the beach and the iconic Southernmost Point, offering the perfect balance of vacation living and income potential. As a high-demand rental property with an impressive occupancy rate, it presents an excellent opportunity for a 1031 exchange, especially with on-site management ensuring seamless service for guests.The property's amenities elevate the experience--guests can unwind at the poolside open bar, where beer, wine, and soft drinks are served to enhance their stay. With prime proximity to renowned fine dining, vibrant Duval Street, and the beach just steps away, this condo is positioned to attract affluent vacationers looking for a premium experience.Whether you're seeking a luxurious getaway for yourself or an income-generating investment, this exceptional condo promises both lifestyle and return on investment.

Listing Agent

Graciela Lozano

KeysLifestyle Real Estate (KW) License #BK3346838 Listed on: 10/18/2024

Map

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,730

Year Built

2006

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Condo
  • As Is Right To Inspect: No
  • First Right of Refusal: Yes
  • Association Fee: 3013.40
  • Mandatory HOA: Yes
  • Fee Includes: Exterminating, Other, Security, Common Area Mnt, Building Insurance, Bldg Exterior Mnt
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Key West
  • K W Neighborhood: Old Town-S of Truman
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 1.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: No Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Side: Ocean
  • State Province: FL
  • Taxes: 7728.22
  • Year Built: 2006
  • Alternate Key Number: 9087699
  • Pool Info: In Ground, Decked
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: No
  • Building Style Stories: 1 Story
  • Estimated Living Sq Ft: 958.00
  • Pool Info Other: shared
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: More Appliances, Disposal, Microwave, Oven, Dishwasher, Dryer
  • Total Bedrooms: 2

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: CBS
  • Waterview: No Waterview
  • Pool: Yes

Utilities

  • Utilities: Buyer to Verify

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE,AE,AE
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: Yes

Tax Info

  • Tax Year: 2024

Multi Family

  • Total Units: 1.00

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $7,730 $1,050,450 -- $1,050,450
2023 $7,730 $1,050,450 $0 $1,050,450
2022 $6,721 $864,069 $0 $864,069
2021 $6,017 $638,290 $0 $638,290
2020 $5,997 $638,290 $0 $638,290
2019 $5,984 $631,363 $0 $631,363
2018 $5,711 $588,343 $588,343 $0
2017 $5,807 $588,343 $0 $0
2016 $5,911 $588,343 $0 $0
2015 $5,745 $588,343 $0 $0
2014 $5,201 $464,111 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2024 10/18/24 For Sale $2,000,000 -- $2,088 / Sq Ft
Source: Key West Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $1,325,000 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $100,000 Seller Take Back
Open $960,000 Unknown
Source: Public Records

Source: Key West Association of REALTORS®

MLS Number: 611888

Key West Association of REALTORS®

APN: 00036231-001400

Florida Monroe County Key West 33040 Old Town

1401 Simonton St Unit 14, Key West, FL

This home is located at 1401 Simonton St Unit 14, Key West, FL 33040 and is currently priced at $2,000,000, approximately $2,087 per square foot. This property was built in 2006. 1401 Simonton St Unit 14 is a home located in Monroe County with nearby schools including Horace O'Bryant School, Key West High School, and May Sands Montessori School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Key West Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Graciela Lozano
Listing Agent
Graciela Lozano
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KeysLifestyle Real Estate (KW)
(305) 506-1295