1401 Simonton Street # 11

KEY WEST, FL 33040

About this property

This two-bedroom, two-bathroom condominium residence at Santa Maria Suites Resort offers both personal use and strong rental income potential. One of the resort's limited single-level units, the property produces nearly $200,000 in annual gross rental income and allows for transient nightly rentals. The floor plan features a generous living and dining area, full kitchen, and two private bedroom suites. Located just steps from iconic Duval Street, the property provides convenient access to Old Town restaurants, shops, and nightlife while maintaining a quiet resort setting. Resort amenities include swimming pool, fitness center, and off-street parking. Planned improvements to the residences, pool, and fitness areas are scheduled for completion in 2027. The current owner has paid the majority of the special assessment associated with these upgrades. Owners may choose their own rental management company or participate in the on-site program. Suitable for buyers seeking an income-producing investment, second home, or a combination of both.

About this property

This two-bedroom, two-bathroom condominium residence at Santa Maria Suites Resort offers both personal use and strong rental income potential. One of the resort's limited single-level units, the property produces nearly $200,000 in annual gross rental income and allows for transient nightly rentals. The floor plan features a generous living and dining area, full kitchen, and two private bedroom suites. Located just steps from iconic Duval Street, the property provides convenient access to Old Town restaurants, shops, and nightlife while maintaining a quiet resort setting. Resort amenities include swimming pool, fitness center, and off-street parking. Planned improvements to the residences, pool, and fitness areas are scheduled for completion in 2027. The current owner has paid the majority of the special assessment associated with these upgrades. Owners may choose their own rental management company or participate in the on-site program. Suitable for buyers seeking an income-producing investment, second home, or a combination of both.

Features and Additional Information

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$1,250,000 Active
2 Bed(s)
2
Baths
958 sqft

Presented By Key Colony Beach Realty

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Get in touch today! Phone: 1-305-289-0621
Brokerage
Century 21 All Keys Inc (KW)
1-305-294-4200
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Area Information

01 Key West | Monroe County | Filer Boyle Sub (1.0)

$ 1,250,000
This listing is play_arrow 0.0% lower than the average in the area
$ 1,250,000 in the area
958 SqFt
This listing is play_arrow 0.0% smaller than the average in the area
958 SqFt in the area
$ 1,305 $/SqFt
This listing is play_arrow 0.0% less than the average in the area
$ 1,305 $/SqFt in the area
245 days on site
This listing is play_arrow 0.0% below the average in the area
245 days on site in the area

Schools in the Area

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Listed By Ralph J Sanchez
Brokerage: Century 21 All Keys Inc (KW)

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