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1401 Simonton Street STREET # 11

KEY WEST, FL 33040

$1,250,000 $5,270/Mo

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Overview

Bed

Bath

958

Sqft

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.

Property Details

Property Type : Residential - Condo/Townhouse

Price : $1,250,000

AD Id : 76062766

MLS Id : 619022

Beds : 2

Living Area Size : 958

Year Built : 2006

County : Monroe

Subdivision: West Dade Land

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total Bedrooms: 2 Laundry Room

Bathroom Information

Total Baths: 2 Full Baths: 2
Interior Features

Split Bedroom,Built-in Cabinets,Smoke Alarms,Lobby,Granite Counter Top,Pantry Appliances: Washer,Stainless Steel Appliance(s),Wine Cooler,Disposal,Microwave,Oven,Range,Refrigerator,Dishwasher,Dryer
Roofing Information

Concrete Roof

Flooring Information

Tile,Marble,Combo

Heating & Cooling

Cooling: Central Air,Ceiling Fans(s),Heat Pump Water Front: No None No Waterview

Window Information

Window Treatments: Glass Doors,Impact Rstnce Window

Building Information

Year Built: 2006 Total Units: 0.00 Floor Location: 0 Construction: CBS,Concrete Roof: Concrete Roof
Exterior Features

Fencing,Water Display,Sprinkler System,Lighting

Pool Information

In Ground,Concrete

Lot Information

Lot Dimensions: X Lot SqFt: 0 Lot SqFt Source: Tax Records Unit 11 The Santa Maria Resort Condominium Or2265-357/477Dec Or2286-204
Property Information

SQ ft (Living Area): 958 View: No Waterview Subdivision: Filer Boyle Sub (1.0)

Listing Price Information

List Price: $1,250,000

Tax Information

Taxes: $8,415 Tax Year: 2025 Parcel Number: 00036231001100 Tax Exemptions: None

Multi-Unit Information

Pets Allowed: No Pets Allowed
Homeowners Association Information

Mandatory Home Owners Asc: Yes 1st Right of Refusal: No Association Fee: $3215.46

Utility Information

FKAA,Water Separate Meter,Elect Separate Meter

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