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Wade M. Berlin

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101 Admirals Lane
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PRICED AT ONLY: $7,499,000

Address: 101 Admirals Lane, KEY WEST, FL 33040

Description

$500,000 ANNUAL RENTAL INCOME! EXCLUSIVELY LUXURIOUS COMPOUND IN KEY WEST!With its special transient license, The Royal Compound is currently generating $500,000 a year from first class guests who will accept only the best in vacation homes. What's interesting is that most of the rental income comes from monthly rentals, so you can expect almost as much income without a transient license. This extraordinary home is situated on one of the largest lots (14,183 SF) in Truman Annex and is being offered as the ultimate turnkey property. There are a total of 5 bedrooms and 4 bathrooms: 3 bedrooms and 2 bathrooms in the main house and two 1 bedroom, 1 bathroom private cottages. This expansive property includes a covered seating and dining area under the gazebo, which overlooks the resort style heated pool and outdoor kitchen. The value of this home is not only its privacy with exotic landscaping, but its ability to generate income when you are away. Schedule your private showing of The Royal Compound to appreciate the uniqueness of this one of a kind property!

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Virtual Tour
More Like This
  • MLS#: 607301 ( Single Family )
  • Street Address: 101 Admirals Lane
  • Viewed: 6
  • Price: $7,499,000
  • Price sqft: $2,363
  • Waterfront: No
  • Waterfront Type: None
  • Year Built: 1994
  • Bldg sqft: 3173
  • Bedrooms: 5
  • Total Baths: 4
  • Full Baths: 4
  • Days On Market: 646

Description

$500,000 ANNUAL RENTAL INCOME! EXCLUSIVELY LUXURIOUS COMPOUND IN KEY WEST!With its special transient license, The Royal Compound is currently generating $500,000 a year from first class guests who will accept only the best in vacation homes. What's interesting is that most of the rental income comes from monthly rentals, so you can expect almost as much income without a transient license. This extraordinary home is situated on one of the largest lots (14,183 SF) in Truman Annex and is being offered as the ultimate turnkey property. There are a total of 5 bedrooms and 4 bathrooms: 3 bedrooms and 2 bathrooms in the main house and two 1 bedroom, 1 bathroom private cottages. This expansive property includes a covered seating and dining area under the gazebo, which overlooks the resort style heated pool and outdoor kitchen. The value of this home is not only its privacy with exotic landscaping, but its ability to generate income when you are away. Schedule your private showing of The Royal Compound to appreciate the uniqueness of this one of a kind property!
Request More Information
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Features
Building and Construction
  • Absolute Longitude: 81.806305
  • Construction: Frame
  • Exterior Features: Bar, Storage, Sprinkler System, Shed, Outdoor Shower, Outdoor Kitchen, Lighting, Hot Tub, Gazebo, Fencing
  • Floor: Tile, Wood
  • Pool Info Dimensions: 20' x 25' & 19-1/2
  • Porchbalcony: Open Porch/Balcony, Screened Patio, Deck
  • Roof: Metal Roof
  • Sqft Source: Property Data Card
  • Total Number Of Units: 0.00
Property Information
  • Property Group Id: 19990816212109142258000000
Garage and Parking
  • Vehicle Storage Car S: 4+
  • Vehicle Storage: Carport, Covered Parking, Off Street Parking
Eco-Communities
  • Pool Info Heated: Yes
  • Pool Info Other: depth 5'
  • Pool Info: In Ground, Decked, Concrete
  • Water View: No Waterview
Utilities
  • Cooling: Central Air, Ductless, Ceiling Fans(s)
  • Kw Neighborhood: Truman Annex
  • Pets Pets Wrestrictions: YES
  • Pub Sewer Hkup: Yes
  • Security: Manned Gate, Patrolled Area
  • Utilities: FKAA, Propane, Cable Available, Municipal Sewer
  • Windowsdoors: Double Hung Windows, Impact Rstnce Window, Impact Rstnce Doors, French Doors
Finance and Tax Information
  • Association Info Association Fee: 1324.00
  • Association Info Assocmnt Fee Per: Quarterly
  • Fee Includes: Common Area Mnt, Security
  • Tax Year: 2023
Rental Information
  • Rentals Allowed: Yes
Other Features
  • Alternate Key Num: 8772858
  • Appliances Other: full house generator
  • Appliances: Washer, Stainless Steel Appliance(s), Ice Machine, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Association Info 1st Right Of Refusal: Yes
  • Association Info Mandatory Home Owners Asc: Yes
  • Deed Restrictions: Unknown
  • Dockage: None
  • Flood Zone: AE
  • Furnished: Furnished
  • Interior Features: Cathedral Ceilings, Window Treatments, Granite Counter Top, Smoke Alarms, Security System, Fireplace(s), Split Bedroom
  • Legal Description: KW PT SQR 27 (A/K/A LOTS 113 & 114) .3256 AC OR1005-78/128 OR1005-190/01 OR1125-218/20R/S OR1246-241/57WILL OR1132-66/6
  • Limitd Reprsntation: No
  • Mile Marker: 1.00
  • Parcel Num: 00004590-001001
  • Pre Wired: Cable
  • Shutters: Panel
  • Side: Median
  • Style: Single Family
  • Zoning: HPRD - Hist Planned Redevelopment & Dev Dist
Nearby Subdivisions
Balido Sub (5.0)   Bay Manor (3.0)   Benj Alburys Subd (2.0)   Carletons Compound (1.0)   Coral Reef Estates (3.0)   D T Sweenys Dia (1.0)   East Martello Towers (2.0)   Elamar Estates (3.0)   Filer Boyle Sub (1.0)   Gardens Of Key West (1.0)   Garrison Bight Houseboat Marin   Garrison Bight Marina   George W Nichols Sub (1.0)   Gg Watson Sub (1.0)   Gwynn Sub (1.0)   Hilton Haven Sec 2 A (2.0)   Investment Co Sub (1.0)   Island City Sub (2.0)   Kamien Plat #1 (2.0)   Kamien Plat #2 (2.0)   Key Est Resub Blk 2 (3.0)   Key Estates (3.0)   Key West Estates (4.0)   Key West Foundation   Key West Foundation Co?s Plat    Key West Fwdn Sub (4.0)   Key West Golf Club Dev (4.0)   Key West Investment Co Sub (1.   Key West Realty Cos Sub (3.0)   Knights Sub (2.0)   Kw All Sub   Land Buyers Assn (3.0)   Lime Grove (3.0)   Lincoln Gard. No. 1 (5.0)   Lincoln Gard. No. 2 (5.0)   Macros Subd (2.0)   Martello Towers (1.0)   Moffats Sub (2.0)   Monroe Investement Co Sub (2.0   New Town - Unlisted (2.0)   New Town - Unrecord (3.0)   Not Applicable   Nuevo Progresso (2.0)   Old Town - Unlisted (1.0)   Old Town - Unrecord (1.0)   Old Town- Unrecord (1.0)   Pearlman Est (4.0)   Pearlman Estates Third Ad   Pearlman Heights (4.0)   Pearlmans Subd (2.0)   Riviera Shores (3.0)   Riviera Shr Amd Plat (3.0)   Robyn Sub (5.0)   Roosevelt Annex (2.0)   Ser-deb Estates (3.0)   Southernmost Hidaways (1.0)   Summerland Estates   Sunrise Shores (4.0)   Sunset Key (tank) Island Unrcd   Sunset Key(tank) Island Unread   Sunshine Sub Plat 1 (3.0)   Terry Lane Court (1.0)   The Foundry (1.0)   The Meadows (1.0)   The Seven Palms - A Key West O   Tropical Bldt & Investment Co    Tropical Sub (1.0)   Vista Del Mar (4.0)   W C Maloney Diagram (2.0)   Waddells Subdivision (2.0)   Webb Realty Co Sub (1.0)   White & Pierce Diagram (1.0)   William's Court (1.0)   Windward Park (1.0)  
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