101 Admirals Lane

Key West, FL 33040

$7,249,000
Price
5
Beds
4
Baths
3,173 Sq. Ft.
$2,285 / Sq. Ft.
3,173
Sq. Ft.
$2,285
per Sq. Ft.

Description

With its special transient license, The Royal Compound is currently generating $500,000 a year from first-class guests who will accept only the best in vacation homes. What's interesting is that most of the rental income comes from monthly rentals, so you can expect almost as much income without a transient license. This extraordinary home is situated on one of the largest lots (14,183 SF) in Truman Annex and is being offered as the ultimate turnkey property. There are a total of 5 bedrooms and 4...With its special transient license, The Royal Compound is currently generating $500,000 a year from first-class guests who will accept only the best in vacation homes. What's interesting is that most of the rental income comes from monthly rentals, so you can expect almost as much income without a transient license. This extraordinary home is situated on one of the largest lots (14,183 SF) in Truman Annex and is being offered as the ultimate turnkey property. There are a total of 5 bedrooms and 4 bathrooms: 3 bedrooms and 2 bathrooms in the main house and two 1 bedroom, 1 bathroom private cottages. This expansive property includes a covered seating and dining area under the gazebo, which overlooks the resort-style heated pool and outdoor kitchen. The value of this home is not only its privacy with exotic landscaping, but its ability to generate income when you are away. Schedule your private showing of The Royal Compound to appreciate the uniqueness of this one-of-a-kind property!
  1. Listed by Andrea Leskova Otava • Last Key Realty, Inc (KW)

Property Details for 101 Admirals Lane

Waterfront
None
Waterfront
No
Zoning
HPRD - Hist Planned Redevelopment & Dev Dist
Subdivision
Old Town - Unrecord (1.0)
Directions
Enter Truman Annex on Southard St., first stop sign make right on Emma St., continue straight. Third stop sign make right on Admirals Ln. It is the first house on the right.
Building Style
Ground Level
Vehicle Storage
Carport, Covered Parking, Off Street Parking
LISTING UPDATED: 11/01/2024 12:14 PM

Property Details for 101 Admirals Lane

StatusActive
MLS #612065
Days on Market15
Taxes$51,348 / year
HOA Fees$1,324 / quarter
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family
Year Built1994
Lot Size0.33 AC / 14,183 SF
CountyMonroe County

Building Information for 101 Admirals Lane

Stories-Year Built1994Building Size-Lot Size0.33 AC / 14,183 SF

Property Information for 101 Admirals Lane

Summary
Location and General Information
  • Waterview: No Waterview
  • Area: 01 - Key West
  • Absolute Longitude: 81.806304
  • Control Depth: 0
  • Listing Board: Key West Association
  • Side: Median
  • KW Neighborhood: Truman Annex
  • Mile Marker: 1.0
  • Marathon Neighborhood: N/A
  • Key/Island: Key West
Owner
  • Owner Name: Ulrich R Bernier
Taxes and HOA Information
  • Association Info: Mandatory Home Owners Asc: Yes
  • Association Info: 1st Right of Refusal: Yes
  • License Info: Transient Rntl Licns: Yes
  • Fee Includes: Common Area Mnt, Security
  • Furnished: Furnished
  • Tax Year: 2023
  • Tax Exemptions: None
Property
Lot Information
  • Acres: 0.33
  • Parcel #: 00004590-001001
  • Land Size: 1/4 - 1/2 Acre
Property and Assessments
  • Legal: KW PT SQR 27 (A/K/A LOTS 113 & 114) .3256 AC OR1005-78/128 OR1005-190/01 OR1125-218/20R/S OR1246-241/57WILL OR1132-66/68
  • MLS Approved: Y
  • Bank Owned: No
  • Limited Representation: No
  • SqFt Source: Property Data Card
  • Flood Zone: AE
  • Rentals Allowed: Yes
  • Deed Restrictions: Unknown
  • Picture Count: 77
  • Document Count: 0
  • Building Style: Above Flood: Yes
  • Security: Manned Gate, Patrolled Area
  • Title: Negotiable
Utilities
  • Utilities: FKAA, Propane, Cable Available, Municipal Sewer
  • Pub Sewer HkUp: Yes
  • Pool: Yes
  • Pool Info: Other: depth 5'
  • Pool Info: Heated: Yes
  • Pool Info: Dimensions: 20' x 25' & 19-1/2
  • Pool Info: In Ground, Decked, Concrete
  • Porch/Balcony: Open Porch/Balcony, Screened Patio, Deck
Interior and Exterior Features
Interior Features
  • Floor: Tile, Wood
  • Interior Features: Cathedral Ceilings, Window Treatments, Granite Counter Top, Smoke Alarms, Security System, Fireplace(s), Split Bedroom
  • Pre-Wired: Cable
  • Appliances: Other: full house generator
  • Appliances: Washer, Stainless Steel Appliance(s), Ice Machine, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
Exterior Features
  • Roof: Metal Roof
  • Shutters: Panel
  • Construction: Frame
  • Dockage: None
  • Exterior Features: Bar, Storage, Sprinkler System, Shed, Outdoor Shower, Outdoor Kitchen, Lighting, Hot Tub, Gazebo, Fencing
  • Windows/Doors: Double Hung Windows, Impact Rstnce Window, Impact Rstnce Doors, French Doors

Property History for 101 Admirals Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 101 Admirals Lane

Taxable ValueLand$4,935,684Additions$1,849,600Total$6,785,284
Tax Record2023$51,348 ($4,279 / month)
Home Facts
Beds4Baths4Total Finished SqFt3,173 SqFtAbove Grade Finished SqFt3,173 SqFtStories2Lot Size14,183 SqFtStyleSingle Family ResidenceYear Built1994Year Renovated2018CountyMONROEAPN00004590-001001

Schools near 101 Admirals Lane

This home is within Monroe.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 12
Public - 2 to 12
Public - K to 12
Rating
School
Distance
Gerald Adams Elementary School
PublicPK to 5

Monroe Virtual Franchise
Public2 to 12

Monroe Virtual Instruction Program
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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101 Admirals Lane is a single family home for sale in Key West, FL 33040. This property was listed for sale on November 1, 2024 by Last Key Realty, Inc (KW), it's currently listed at $7,249,000. It has been on the market for a total of 15 days and was last sold on April 25, 2019. This listing's school district is Monroe. Nearby schools include Gerald Adams Elementary School, Monroe Virtual Academy (Course Offerings) and Monroe Virtual Franchise. 101 Admirals Lane is a 5-bed, 4-bath, 3,173 sqft single family home built in 1994.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Last Key Realty, Inc (KW)

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.