Homes for sale - 525 Simonton ST, Key West, FL 33040

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Listed by Paige Bethel • Island Home Realty Inc.

$7,995,000

Est. payment - /mo

11 Beds

11 Baths

3,034 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 3,034 sqft

Price per Sqft $2,635

Subdivision Old Town - Unrecord (1.0)

MLS Listing ID 615622

Bedrooms 11

Full Baths 11

Year Built 1889

Annual Tax Amount $51,759

Tax Year 2024

Lot Size 8,479 Sqft

Property Sub-Type Commercial

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.

Location

State FL

County Monroe

Area 01 - Key West

Zoning HRCC(1 - 4) - Hist Res Comm Core 1-4 SF Specl

Interior

Interior Features Wet Bar, Window Treatments, Furnished, Laundry Room, Cathedral Ceilings

Heating Central Air

Cooling Central Air

Exterior

Utilities Available FKAA

Waterfront Description No

Building

Story 3.0

Others

Miscellaneous Storage,Pool,Fencing,Patio

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525 Simonton ST Key West, FL 33040