$1,425,000
$70K PRICE DROP

1401 Simonton St Unit 16 Key West, FL 33040

Old Town Neighborhood

Estimated payment $8,582/month

Total Views 9,441
2 Beds
2 Baths
958 Sq Ft
$1,487 Price per Sq Ft

About This Home

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.

Listing Agent

Suzanne Moore

Suzanne Moore Real Estate License #3185298

Map

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,176

Year Built

2006

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Condo
  • First Right of Refusal: No
  • Association Approval Required: No
  • Association Fee: 3013.40
  • Mandatory HOA: Yes
  • Fee Includes: Bldg Exterior Mnt, Common Area Mnt, Building Insurance
  • Key Island: Key West
  • K W Neighborhood: Old Town-S of Truman
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 1.00
  • Min Rental Days: 1.00
  • M L S Identifier: 20060123165453488875000000
  • Pets W Restrictions: YES
  • Property Group I D: 19990816212109142258000000
  • Side: Ocean
  • State Province: FL
  • Taxes: 8176.34
  • Vehicle Storage: Open Parking, Off Street Parking, Guest Parking
  • Vehicle Storage Cars: 1
  • Year Built: 2006
  • Alternate Key Number: 9087701
  • Cooling Heating: Central Air
  • Pool Info: In Ground, Lap
  • Pool Info Heated: Yes
  • Association Maintenance Fee Per: Monthly
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • License Info Transient Rntl Licns: Yes
  • Estimated Living Sq Ft: 958.00
  • Pre Wired: Cable
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Window Treatments, Fire Sprinkler, Granite Counter Top, Built-in Cabinets
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Washer, Stainless Steel Appliance(s), Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Total Bedrooms: 2

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: CBS, Concrete
  • Exterior Features: Lighting, Lanai
  • Waterview: No Waterview
  • Pool: Yes

Utilities

  • Utilities: FKAA

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE,AE,AE
  • Parcel Number: 00036231-001600
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Furnished

Tax Info

  • Tax Year: 2023

Range of Values:

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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 $8,176 $983,247 -- $983,247
2023 $8,176 $983,247 $0 $983,247
2022 $7,121 $808,695 $0 $808,695
2021 $5,893 $624,058 $0 $624,058
2020 $5,872 $624,058 $0 $624,058
2019 $5,860 $617,288 $0 $617,288
2018 $5,593 $575,235 $575,235 $0
2017 $5,687 $575,235 $0 $0
2016 $5,865 $575,235 $0 $0
2015 $5,698 $575,235 $0 $0
2014 $5,201 $464,111 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2025 04/15/25 Price Changed $1,425,000 -3.4% $1,487 / Sq Ft
03/12/2025 03/12/25 Price Changed $1,475,000 -1.3% $1,540 / Sq Ft
02/10/2025 02/10/25 For Sale $1,495,000 +57.4% $1,561 / Sq Ft
09/17/2021 09/17/21 Sold $950,000 -4.9% $992 / Sq Ft
07/29/2021 07/29/21 Price Changed $999,000 -4.9% $1,043 / Sq Ft
05/30/2021 05/30/21 Price Changed $1,050,000 -4.5% $1,096 / Sq Ft
06/04/2020 06/04/20 For Sale $1,100,000 -- $1,148 / Sq Ft
Source: Key West Association of REALTORS®

Deed History

Date Type Sale Price Title Company
Warranty Deed $950,000 Attorney
Special Warranty Deed $1,275,000 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,020,000 Purchase Money Mortgage
Source: Public Records

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See All Homes in Key West

Source: Key West Association of REALTORS®

MLS Number: 613626

Key West Association of REALTORS®

APN: 00036231-001600

Florida Monroe County Key West 33040 Old Town

1401 Simonton St Unit 16, Key West, FL

Homes for Sale in Key West, FL

This home is located at 1401 Simonton St Unit 16, Key West, FL 33040 and is currently priced at $1,425,000, approximately $1,487 per square foot. This property was built in 2006. 1401 Simonton St Unit 16 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.

Suzanne Moore
Listing Agent
Suzanne Moore
Section Image
Suzanne Moore Real Estate
(305) 797-0699