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525 Simonton Street

Key West, FL 33040
  • $7,995,000
  • STATUS: Active
  • ON SITE: 11 Days
  • MLS #: 615622
UPDATED: 58 min ago
$7,995,000
  • 11
    BEDS
  • 0.19
    ACRES
  • 11
    BATHS
  • 0
    1/2 BATHS
  • 4,295
    SQFT
  • $1,861
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1889
County:

School Ratings & Info

Description

A Rare Investment Opportunity in the Heart of Old Town Key West. NIGHTLY RENTALS ALLOWED. Introducing The Watson House--one of the largest and most versatile TRANSIENTLY licensed estates in Key West. Situated just one block off Duval Street on iconic Simonton Street, this 11-bedroom, 11-bath compound spans two distinct residences: a stately 7-bedroom mansion and a sleek, modern 4-bedroom villa--each with its own private pool.Zoned with two transient licenses and off-street parking for 4+ vehicles, this exceptional property offers unmatched flexibility for luxury rentals or private use.The grand mansion was reimagined in July 2022 by a local designer, featuring fresh paint, stylish new furnishings, and 12-foot soaring ceilings. The main level includes two guest rooms with baths, formal living and dining rooms, a parlor, and a well-appointed kitchen that opens to the pool deck and outdoor dining area.Upstairs, four en suite bedrooms include two primary suites with private balconies--one overlooking Simonton Street, the other with views of the pool. A spacious third-floor suite, accessed via an interior or exterior staircase, offers a private living room, wet bar, and yet another balcony retreat.The villa, renovated to the studs in 2014, offers a clean, contemporary design with 4 bedrooms, 4 baths, full kitchen, living area, private pool, and outdoor bar--perfect for entertaining.Whether you choose to rent the estate in its entirety or as two separate homes, The Watson House is a rare asset in Key West's luxury rental market--highly sought-after and consistently booked well in advance.

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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 Keys Home Network are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.keyshomenetwork.com/homes/165432457
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525 Simonton Street Key West, FL 33040

  • Price: $7,995,000
  • Status: Active
  • On Site: 11 Days
  • Updated: 58 min ago
  • MLS #: 615622
11
Beds
11
Baths
0
½ Baths
0.19
Acres
4,295
SQFT
$1,861
$/SQFT
1889
Built
Neighborhood:
Old Town-N Of Truman
County:
Monroe
Area:
01 - Key West
Property Description
A Rare Investment Opportunity in the Heart of Old Town Key West. NIGHTLY RENTALS ALLOWED. Introducing The Watson House--one of the largest and most versatile TRANSIENTLY licensed estates in Key West. Situated just one block off Duval Street on iconic Simonton Street, this 11-bedroom, 11-bath compound spans two distinct residences: a stately 7-bedroom mansion and a sleek, modern 4-bedroom villa--each with its own private pool.Zoned with two transient licenses and off-street parking for 4+ vehicles, this exceptional property offers unmatched flexibility for luxury rentals or private use.The grand mansion was reimagined in July 2022 by a local designer, featuring fresh paint, stylish new furnishings, and 12-foot soaring ceilings. The main level includes two guest rooms with baths, formal living and dining rooms, a parlor, and a well-appointed kitchen that opens to the pool deck and outdoor dining area.Upstairs, four en suite bedrooms include two primary suites with private balconies--one overlooking Simonton Street, the other with views of the pool. A spacious third-floor suite, accessed via an interior or exterior staircase, offers a private living room, wet bar, and yet another balcony retreat.The villa, renovated to the studs in 2014, offers a clean, contemporary design with 4 bedrooms, 4 baths, full kitchen, living area, private pool, and outdoor bar--perfect for entertaining.Whether you choose to rent the estate in its entirety or as two separate homes, The Watson House is a rare asset in Key West's luxury rental market--highly sought-after and consistently booked well in advance.
Exterior Features

Construction Frame Dockage None Land Size Less Than 1/4 Acre Lot Size 61x139 Miscellaneous StoragePoolFencingPatio Off Street Parking Yes Parking Spaces 4+ Side Median Style Residential Income Vehicle Storage Off Street Parking Vehicle Storage Cars 4+ Waterfront None Waterfront YN No Waterview No Waterview

Interior Features

Appliances RefrigeratorDishwasherDryerWasherDisposalRange Cooling Heating Central Air Interior Features Wet BarWindow TreatmentsFurnishedLaundry RoomCathedral Ceilings Net Leasable Area 3034.00

Property Features

Assoc Hoa YN No Assoc Right Of Refusal No Bank Owned No Bank Owned Financial Status No City KEY WEST Commercial Type Hotel/Motel Control Depth 0 Deed Restrictions No Fee Includes None Flood Zone X Key West Neighborhood Old Town-N of Truman Legal KW PT LOT 4 SQR 49 G8-444 OR885-189 OR890-2126 OR927-1164 OR2008-62 OR2555-1269 OR3147-0073 OR3164-0865 Listing Board Key West Association Mile Marker 1.00 Potential Short Sale No Potential Short Sale Financial Status No Property Rights Transient License Property Type Commercial Tax Year 2024 Taxes 51759.18 Title Negotiable Total Units 0.00 Utilities FKAA Zoning HRCC(1 - 4) - Hist Res Comm Core 1-4 SF Specl

Listing courtesy of Paige Bethel of Island Home Realty Inc.: (305) 395-0550.


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 Keys Home Network are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
 
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Keys Home Network
333 Fleming Street
Key West FL, 33040