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1401 Simonton Street # 11
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PRICED AT ONLY: $1,250,000

Address: 1401 Simonton Street # 11, KEY WEST, FL 33040

Description

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.

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  • MLS#: 619022 ( Condominium )
  • Street Address: 1401 Simonton Street # 11
  • Viewed: 2
  • Price: $1,250,000
  • Price sqft: $1,305
  • Waterfront: No
  • Waterfront Type: None
  • Year Built: 2006
  • Bldg sqft: 958
  • Bedrooms: 2
  • Total Baths: 2
  • Full Baths: 2
  • Days On Market: 18

Description

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.
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Features
Building and Construction
  • Absolute Longitude: 81.794477
  • Construction: CBS, Concrete
  • Exterior Features: Fencing, Water Display, Sprinkler System, Lighting
  • Floor: Tile, Marble, Combo
  • Roof: Concrete Roof
  • Sqft Source: Tax Records
  • Total Number Of Units: 0.00
Property Information
  • Property Group Id: 19990816212109142258000000
Garage and Parking
  • Vehicle Storage: Off Street Parking
Eco-Communities
  • Pool Info: In Ground, Concrete
  • Water View: No Waterview
Utilities
  • Cooling: Central Air, Ceiling Fans(s), Heat Pump
  • Kw Neighborhood: Old Town-S of Truman
  • Pets: No Pets Allowed
  • Pub Sewer Hkup: Yes
  • Utilities: FKAA, Water Separate Meter, Elect Separate Meter
  • Windowsdoors: Glass Doors, Impact Rstnce Window
Amenities
  • Neighborhood Feature: Manager on Premises, Beach, Handicap Facilities
Finance and Tax Information
  • Association Info Association Fee: 1498.00
  • Fee Includes: Bldg Exterior Mnt, Common Area Mnt, Building Insurance
  • Tax Year: 2025
Rental Information
  • Rentals Allowed: Yes
Other Features
  • Alternate Key Num: 9087696
  • Appliances: Washer, Stainless Steel Appliance(s), Wine Cooler, Disposal, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Association Info 1st Right Of Refusal: No
  • Association Info Mandatory Home Owners Asc: Yes
  • Deed Restrictions: Unknown
  • Dockage: None
  • Flood Zone: AE, AE, AE
  • Interior Features: Split Bedroom, Built-in Cabinets, Smoke Alarms, Lobby, Granite Counter Top, Pantry
  • Legal Description: Unit 11 The Santa Maria Resort Condominium Or2265-357/477Dec Or2286-204
  • Mile Marker: 1.00
  • Parcel Num: 00036231001100
  • Side: Ocean
  • Style: Condo
  • Unit Number: # 11
  • Zoning: HCT - Historic Commercial Tourist
Nearby Subdivisions
1800 Atlantic (2.0)   Benj Alburys Subd (2.0)   Campbell Courtyard (1.0)   Coconut Mallory Resort & Marin   Echo Gardens   Filer Boyle Sub (1.0)   Gwynn Sub (1.0)   Harbour Place (1.0)   Investment Co Sub (1.0)   Key West Beach Club 2 (2.0)   Key West By The Sea   Key West By The Sea (3.0)   Key West Golf Club Dev (4.0)   Key West Realty Cos Sub (3.0)   La Brisa East (2.0)   La Brisa North (2.0)   Las Salinas (3.0)   Mills Place (1.0)   Moffats Sub (2.0)   Monroe Investement Co Sub (2.0   New Town - Unlisted (2.0)   Newton Park (2.0)   Old Town - Unlisted (1.0)   Old Town - Unrecord (1.0)   Safe Harbor Maritime   Salt Pond (3.0)   Santa Clara (3.0)   Shipyard Ph 1 (1.0)   Solana Village (3.0)   Southpark (1.0)   Sunrise At Seaside (3.0)   Sunset Marina (4.0)   Truman Ave Condo (1.0)   Waddells Subdivision (2.0)   Wm. Fleming House (1.0)  
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Wade M. Berlin

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