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Wade M. Berlin

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525 Simonton Street
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PRICED AT ONLY: $7,995,000

Address: 525 Simonton Street, KEY WEST, FL 33040

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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More Like This
  • MLS#: 615622 ( Hotel/Motel )
  • Street Address: 525 Simonton Street
  • Viewed: 3
  • Price: $7,995,000
  • Price sqft: $0
  • Waterfront: No
  • Waterfront Type: None
  • Year Built: 1889
  • Bldg sqft: 0
  • Bedrooms: 11
  • Total Baths: 11
  • Full Baths: 11

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.
Request More Information
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Features
Building and Construction
  • Construction: Frame
  • Net Leasable Area: 3034.00
  • Num Stories: 3.0
  • Total Number Of Units: 0.00
Property Information
  • Property Group Id: 19990816212135227274000000
  • Property Rights: Transient License
Garage and Parking
  • Vehicle Storage Car S: 4+
  • Vehicle Storage: Off Street Parking
Eco-Communities
  • Water View: No Waterview
Utilities
  • Cooling: Central Air
  • Kw Neighborhood: Old Town-N of Truman
  • Utilities: FKAA
Finance and Tax Information
  • Fee Includes: None
  • Tax Year: 2024
Other Features
  • Alternate Key Num: 1009491
  • Appliances: Refrigerator, Dishwasher, Dryer, Washer, Disposal, Range
  • Association Info 1st Right Of Refusal: No
  • Association Info Mandatory Home Owners Asc: No
  • Deed Restrictions: No
  • Dockage: None
  • Interior Features: Wet Bar, Window Treatments, Furnished, Laundry Room, Cathedral Ceilings
  • Legal Description: KW PT LOT 4 SQR 49 G8-444 OR885-189 OR890-2126 OR927-1164 OR2008-62 OR2555-1269 OR3147-0073 OR3164-0865
  • Limitd Reprsntation: No
  • Mile Marker: 1.00
  • Miscellaneous: Storage, Pool, Fencing, Patio
  • Parcel Num: 00009240-000000
  • Side: Median
  • Style: Residential Income
  • Year Established: 0000-00-00
  • Zoning: HRCC(1 - 4) - Hist Res Comm Core 1-4 SF Specl
Nearby Subdivisions
Benj Alburys Subd (2.0)   Blvd Professional (3.0)   Coral Estates (2.0)   Duval Sq Ph 1 & 2 (1.0)   Filer Boyle Sub (1.0)   Gardens Of Key West (1.0)   Gg Watson Sub (1.0)   Gwynn Sub (1.0)   Hilton Haven Sec 2 A (2.0)   Island City Sub (2.0)   Jack Sq Prof Cent (1.0)   Key West Prof Plaza (2.0)   Key West Realty Cos Sub (3.0)   Luani Plaza (3.0)   Macros Subd (2.0)   Moffats Sub (2.0)   Monroe Investement Co Sub (2.0   New Town - Unlisted (2.0)   New Town - Unrecord (3.0)   Offices At Northside (3.0)   Old Town - Unlisted (1.0)   Old Town - Unrecord (1.0)   Riviera Shores (3.0)   Seafoam (2.0)   Truman Ave Condo (1.0)   Viva Varela (1.0)   W C Maloney Diagram (2.0)   Webb Realty Co Sub (1.0)  
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Opportunity to develop 27 transient single family units. Situated on 1.92 acres with two parcels at the corner of 4th Ave. & Maloney Ave, on Stock Island, just over the bridge from Key West, this prop

  1. Request Information
  1. MLSID: 608596
  2. Provided by Berkshire Hathaway Knight & Gardner
  3. Contact Team Gardner/Langley
  4. (305) 294-5155
  5. Florida Keys Board of REALTORS
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3 Pictures and Information
Details for 525 Simonton Street, KEY WEST, FL 33040
$8,500,000.00

525 Simonton Street Virtual Tour More Like This

Exclusive opportunity to own one of the largest TRANSIENTLY licensed properties in Old Town Key West. 11 Br, 11Ba, 2 pools, 2 transient licenses, and off street parking for 4+ vehicles. The Watson Hou

  1. Request Information
  1. Bedrooms: 11
  2. Baths: 11
  1. MLSID: 610246
  2. Provided by Island Home Realty Inc.
  3. Contact Paige Bethel
  4. (305) 395-0550
  5. Florida Keys Board of REALTORS
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124 Pictures and Information

Contact Info

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