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525 Simonton Street

Key West, FL 33040
  • $7,995,000
  • STATUS: Active
  • ON SITE: 135 Days
  • MLS #: 615623
UPDATED: 50 min ago
$7,995,000
  • 11
    BEDS
  • 0.19
    ACRES
  • 11
    BATHS
  • 0
    1/2 BATHS
  • 3,034
    SQFT
  • $2,635
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1889
County:

School Ratings & Info

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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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 Beach Club Brokers are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.kwrealhomesforsale.com/homes/165432454
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525 Simonton Street Key West, FL 33040

  • Price: $7,995,000
  • Status: Active
  • On Site: 135 Days
  • Updated: 50 min ago
  • MLS #: 615623
11
Beds
11
Baths
0
½ Baths
0.19
Acres
3,034
SQFT
$2,635
$/SQFT
1889
Built
Neighborhood:
Old Town-N Of Truman
County:
Monroe
Area:
01 - Key West
Property 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.
Exterior Features

Above Flood Yes Construction FrameHardi Board Siding Dockage None Exterior Features FencingStorage Land Size Less Than 1/4 Acre Pool Info In GroundDeckedConcrete Pool Info Heated Yes Pool YN Yes Side Median Stories 3 Stories Style Single Family Vehicle Storage Open ParkingOff Street Parking Vehicle Storage Cars 4+ Waterfront None Waterfront YN No Waterview No Waterview

Interior Features

Appliances DryerStainless Steel Appliance(s)FreezerMicrowaveRefrigeratorDishwasher Cooling Heating Central AirDuctless Furnished Furnished Interior Features Drapes/Blinds InclWindow TreatmentsStorageSmoke AlarmsSky Light(s)Built-in Cabinets

Property Features

Assoc Fee 0.00 Assoc Hoa YN No Assoc Right Of Refusal No City KEY WEST Control Depth 0 Deed Restrictions Unknown Fee Includes None Flood Zone X Key West Neighborhood Old Town-N of Truman Listing Board Key West Association Mile Marker 1.00 Min Rental Days 1.00 Pets Pets Allowed Public Sewer Hookup Yes Rentals Allowed Yes Sq Ft Source Property Data Card Tax Exemptions None Tax Year 2024 Taxes 51759.18 Title Negotiable Transient License Yes Utilities Buyer to Verify Zoning HRCC - Historic Residential Commercial Core

Listing courtesy of Paige Bethel of Island Home Realty Inc.: (305) 395-0550.


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 Beach Club Brokers are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
 
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1075 Duval Street
Key West FL, 33040