Seller's Agent in 2024
Brenda Donnelly
Brenda Donnelly Real Estate LLC
(305) 304-1116
52 in this area
121 Total Sales
508 Virginia St Key West, FL 33040
Old Town NeighborhoodEstimated Value: $3,961,000 - $5,139,000
3
Beds
3.5
Baths
2,281
Sq Ft
$2,023/Sq Ft
Est. Value
Highlights
- Beach
- Heated In Ground Pool
- Deck
- Detached Guest House
- 0.16 Acre Lot
- 3-minute walk to Gato Village Pocket Park
About This Home
As of December 2024This magnificent TRANSIENT rental property with two homes and a heated pool blends privacy with convenience. Nestled in historic Old Town and just steps from Duval Street, this 3 bedroom/3.5 bath complex has a strong rental history. Once home to iconic fashion designers, this gated haven will astonish you. To your right is the main single-story building which includes a king bedroom and large, sleek ensuite bath. Vaulted ceilings, skylights, exposed beams, and French doors surround the expansive open concept living room and dining room. The space is bathed in sunlight and perfect for entertaining. At the far end of the main building, you will find a spectacular stainless steel commercial kitchen with a vaulted ceiling and outdoor views. Equipped with prep areas, an island, cabinetry, a double sink, and an oversized gas range with hood, you have everything you need to prepare meals or parties for large groups. A personal Chef would be delighted to cook in this kitchen. As you move out onto the covered porch, you will enjoy indoor-outdoor living at its finest. With easy access to the pool, you can spend your afternoon relaxing outdoors. The porch provides a respite from the sun and an area for al fresco dining. The two-story home at the rear of the property stacks two spacious bedrooms with ensuite baths and seating areas. Each is complemented with either a balcony or covered porch overlooking the pool. Guests or extended family can mingle around the gorgeous outdoor area or retreat to their own private spaces. Both homes surround the large pool with the convenience of an outdoor shower. The complex's stunning tropical lush landscaping and privacy fencing offers a tranquil oasis including off-street parking, a rare amenity in Key West. From here you can walk to Higgs Beach, the Southernmost Point and the shops and restaurants on Duval Street. This opportunity to own a transient rental property in an ideal location won't last long. Call today for a private showing!
Last Agent to Sell the Property
Brenda Donnelly Real Estate LLC License #3037635 Listed on: 07/26/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $29,029
Year Built
- Built in 1945
Lot Details
- 6,824 Sq Ft Lot
- Privacy Fence
- Property is zoned HRCC(1 - 4) - Hist Res Comm Core 1-4 SF Specl
Parking
- Off-Street Parking
Home Design
- Frame Construction
- Metal Roof
Interior Spaces
- 2,281 Sq Ft Home
- Furnished
- Cathedral Ceiling
- Ceiling Fan
- Skylights
- Fireplace
- Blinds
- French Doors
- Fire and Smoke Detector
Kitchen
- Oven
- Range
- Microwave
- Ice Maker
- Dishwasher
- Wine Cooler
- Stainless Steel Appliances
Flooring
- Wood
- Concrete
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- Split Bedroom Floorplan
- Walk-In Closet
Laundry
- Laundry Room
- Dryer
- Washer
Pool
- Heated In Ground Pool
- Saltwater Pool
- Outdoor Shower
Outdoor Features
- Balcony
- Deck
- Patio
- Exterior Lighting
- Outdoor Storage
- Rain Gutters
Additional Homes
- Detached Guest House
Utilities
- Central Air
- Ductless Heating Or Cooling System
- Propane Stove
- Public Hookup Available For Sewer
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 00027740-000000
Community Details
Overview
- No Home Owners Association
- Old Town Unlisted Subdivision
Recreation
- Beach
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 26, 2024
Closed on
Dec 17, 2024
Sold by
Bought by
Seller's Agent
Brenda Donnelly
Brenda Donnelly Real Estate LLC
Buyer's Agent
Rodney Culiver
Last Key Realty, Inc (KW)
List Price
$5,299,000
Sold Price
$4,750,000
Premium/Discount to List
-$549,000
-10.36%
Views
348
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$135,457
Avg. Annual Appreciation
-1.84%
Original Mortgage
$3,325,000
Interest Rate
0.0679%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 16, 2020
Sold by
Bought by
Purchase Details
Listed on
Nov 5, 2018
Closed on
Jan 16, 2019
Sold by
Bought by
Seller's Agent
Team Kaufelt
Truman & Co. (KW)
Buyer's Agent
Brenda Donnelly
Brenda Donnelly Real Estate LLC
List Price
$2,195,000
Sold Price
$2,000,000
Premium/Discount to List
-$195,000
-8.88%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.83%
Purchase Details
Listed on
Nov 5, 2018
Closed on
Jan 15, 2019
Sold by
Bought by
Seller's Agent
Team Kaufelt
Truman & Co. (KW)
Buyer's Agent
Brenda Donnelly
Brenda Donnelly Real Estate LLC
List Price
$2,195,000
Sold Price
$2,000,000
Premium/Discount to List
-$195,000
-8.88%
Purchase Details
Closed on
Mar 13, 2007
Sold by
Bought by
Purchase Details
Closed on
May 5, 2004
Sold by
Bought by
Purchase Details
Closed on
Oct 30, 2002
Sold by
Bought by
Purchase Details
Closed on
Aug 1, 1994
Bought by
Purchase Details
Closed on
Feb 1, 1994
Bought by
Purchase Details
Closed on
Nov 1, 1990
Bought by
Purchase Details
Closed on
Dec 1, 1988
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $4,750,000 | None Listed On Document | ||
| $4,750,000 | None Listed On Document | ||
| $3,500,000 | None Listed On Document | ||
| $2,000,000 | None Listed On Document | ||
| $100 | None Listed On Document | ||
| $100 | None Listed On Document | ||
| $100 | None Listed On Document | ||
| $100 | None Listed On Document | ||
| $2,000,000 | None Listed On Document | ||
| $100 | None Listed On Document | ||
| -- | Attorney | ||
| -- | None Available | ||
| $1,950,000 | -- | ||
| -- | -- | ||
| $570,000 | -- | ||
| $553,200 | -- | ||
| -- | -- | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $3,325,000 | ||
| Closed | $3,325,000 | ||
| Previous Owner | $650,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/17/2024 12/17/24 | Sold | $4,750,000 | -5.0% | $2,082 / Sq Ft | |
| 11/08/2024 11/08/24 | Pending | -- | -- | -- | |
| 10/22/2024 10/22/24 | Price Changed | $4,999,000 | -5.7% | $2,192 / Sq Ft | |
| 07/26/2024 07/26/24 | For Sale | $5,299,000 | +165.0% | $2,323 / Sq Ft | |
| 01/15/2019 01/15/19 | Sold | $2,000,000 | -8.9% | $877 / Sq Ft | View Prior Sale |
| 11/21/2018 11/21/18 | Pending | -- | -- | -- | |
| 11/05/2018 11/05/18 | For Sale | $2,195,000 | -- | $962 / Sq Ft |
Source: Key West Association of REALTORS®
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $31,387 | $3,922,855 | $1,837,567 | $2,085,288 |
| 2024 | $29,029 | $3,971,437 | $1,837,567 | $2,133,870 |
| 2023 | $29,029 | $3,622,264 | $1,575,218 | $2,047,046 |
| 2022 | $26,014 | $3,262,902 | $1,193,518 | $2,069,384 |
| 2021 | $24,356 | $2,732,543 | $882,753 | $1,849,790 |
| 2020 | $22,476 | $2,525,042 | $875,997 | $1,649,045 |
| 2019 | $16,129 | $1,782,284 | $923,287 | $858,997 |
| 2018 | $6,981 | $769,917 | $0 | $0 |
| 2017 | $6,953 | $754,082 | $0 | $0 |
| 2016 | $7,185 | $738,572 | $0 | $0 |
| 2015 | $7,325 | $733,438 | $0 | $0 |
| 2014 | $7,552 | $727,617 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Brenda Donnelly
-
Rodney Culiver
Buyer's Agent in 2024
Rodney Culiver
Last Key Realty, Inc (KW)
(305) 292-6266
10 in this area
48 Total Sales
-
Andrea Otava
A
Buyer Co-Listing Agent in 2024
Andrea Otava
Last Key Realty, Inc (KW)
(305) 504-4103
2 in this area
15 Total Sales
-
Team Kaufelt
Seller's Agent in 2019
Team Kaufelt
Truman & Co. (KW)
(305) 393-1267
60 in this area
138 Total Sales
-
Jackson Kaufelt
J
Seller Co-Listing Agent in 2019
Jackson Kaufelt
Truman & Co. (KW)
(305) 393-1267
5 in this area
10 Total Sales
Map
Source: Key West Association of REALTORS®
MLS Number: 610908
APN: 00027740-000000
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.
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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