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1401 Simonton Street , # 11

Key West, FL 33040
  • $1,250,000
  • STATUS: Active
  • ON SITE: 41 Days
  • MLS #: 619022
$1,250,000
  • 2
    BEDS
  • N/A
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 958
    SQFT
  • $1,305
    $/SQFT
Neighborhood:
Type:
Condo
Built:
2006
County:

School Ratings & Info

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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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 Saltwater Real Estate Florida Keys Inc are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.saltwaterkeys.com/homes/173952265
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1401 Simonton Street , # 11 Key West, FL 33040

  • Price: $1,250,000
  • Status: Active
  • On Site: 41 Days
  • MLS #: 619022
2
Beds
2
Baths
0
½ Baths
N/A
Acres
958
SQFT
$1,305
$/SQFT
2006
Built
Neighborhood:
Old Town-S Of Truman
County:
Monroe
Area:
01 - Key West
Property 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.
Exterior Features

Architectural Style [] Attached Garage YN No Construction Materials CBSConcrete Dockage None Exterior Features FencingLightingSprinkler SystemWater Display Parking Features [] Patio And Porch Features [] Pool Features In GroundConcrete Pool Private YN Yes Roof Concrete Roof Vehicle Storage Off Street Parking Vehicle Storage Cars 1 View [] Waterview No Waterview Window Features [] Windows Doors Glass DoorsImpact Rstnce Window

Interior Features

Accessibility Features [] Appliances WasherDryerDishwasherRefrigeratorRangeOvenMicrowaveDisposalWine CoolerStainless Steel Appliance(s) Cooling Central AirHeat PumpCeiling Fans(s) Cooling YN Yes Flooring TileComboMarble Interior Split BedroomPantryBuilt-in CabinetsGranite Counter TopLobbySmoke Alarms Interior Features Built-in CabinetsGranite Counter TopLobby Laundry Features Laundry Room Levels [] Rooms Total 0 Specialty Rooms Laundry Room

Property Features

Above Flood Yes Association Fee 3215.46 Association Fee Includes Bldg Exterior MntBuilding InsuranceCommon Area Mnt Association YN Yes Association1st Right Of Refusal No Building Features [] Community Features Manager on PremisesHandicap FacilitiesBeach Control Depth 0 Deed Restricts Unknown Electric [] Flood Zone AEAEAE Frontage Type [] Green Energy Generation [] Green Water Conservation [] KWNeighborhood Old Town-S of Truman Land Size Less Than 1/4 Acre Listing Terms [] Marathon Nbhd N/A Mile Marker 1 Other Equipment [] Other Structures [] Pets Allowed No Property Condition [] Property Sub Type Condominium Public Sewer Hookup Yes Rental Allowed Yes Security Features [] Special Licenses [] Tax Annual Amount 8415.44 Tax Legal Description Unit 11 The Santa Maria Resort Condominium Or2265-357/477Dec Or2286-204 Tax Year 2025 Transient Rental License Yes Utilities Water Separate MeterElect Separate Meter Utilities Info FKAAWater Separate MeterElect Separate Meter Water Source [] Waterfrnt No Waterfront None Waterfront Features [] Waterfront YN No Zoning HCT - Historic Commercial Tourist

Listing courtesy of Ralph Sanchez of Century 21 All Keys Inc (KW): 305-294-4200.


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 Saltwater Real Estate Florida Keys Inc are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
 
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Saltwater Real Estate Florida Keys Inc
1075 Duval Street Ste 15C
Key West FL, 33040