508 Virginia St

Key West, FL 33040

$4,750,000
Last Sold Price
3
Beds
2,281 Sq. Ft.
$2,082 / Sq. Ft.
2,281
Sq. Ft.
$2,082
per Sq. Ft.

Description

This magnificent TRANSIENT rental property with two homes and a heated pool blends privacy with convenience. Nestled in historic Old Town and just steps from Duval Street, this 3 bedroom/3.5 bath complex has a strong rental history. Once home to iconic fashion designers, this gated haven will astonish you. To your right is the main single-story building which includes a king bedroom and large, sleek ensuite bath. Vaulted ceilings, skylights, exposed beams, and French doors surround the expansive...This magnificent TRANSIENT rental property with two homes and a heated pool blends privacy with convenience. Nestled in historic Old Town and just steps from Duval Street, this 3 bedroom/3.5 bath complex has a strong rental history. Once home to iconic fashion designers, this gated haven will astonish you. To your right is the main single-story building which includes a king bedroom and large, sleek ensuite bath. Vaulted ceilings, skylights, exposed beams, and French doors surround the expansive open concept living room and dining room. The space is bathed in sunlight and perfect for entertaining. At the far end of the main building, you will find a spectacular stainless steel commercial kitchen with a vaulted ceiling and outdoor views. Equipped with prep areas, an island, cabinetry, a double sink, and an oversized gas range with hood, you have everything you need to prepare meals or parties for large groups. A personal Chef would be delighted to cook in this kitchen. As you move out onto the covered porch, you will enjoy indoor-outdoor living at its finest. With easy access to the pool, you can spend your afternoon relaxing outdoors. The porch provides a respite from the sun and an area for al fresco dining. The two-story home at the rear of the property stacks two spacious bedrooms with ensuite baths and seating areas. Each is complemented with either a balcony or covered porch overlooking the pool. Guests or extended family can mingle around the gorgeous outdoor area or retreat to their own private spaces. Both homes surround the large pool with the convenience of an outdoor shower. The complex's stunning tropical lush landscaping and privacy fencing offers a tranquil oasis including off-street parking, a rare amenity in Key West. From here you can walk to Higgs Beach, the Southernmost Point and the shops and restaurants on Duval Street. This opportunity to own a transient rental property in an ideal location won't last long. Call today for a private showing!
  1. Listed by Brenda J Donnelly • Brenda Donnelly Real Estate LLC

Property Details for 508 Virginia Street

Waterfront
None
Waterfront
No
Zoning
HRCC(1 - 4) - Hist Res Comm Core 1-4 SF Specl
Subdivision
Old Town - Unlisted (1.0)
Vehicle Storage
Off Street Parking
LISTING UPDATED: 12/17/2024 11:22 AM

Property Details for 508 Virginia Street

StatusClosed
MLS #610908
Days on Market105
Taxes$29,029 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family
Year Built1945
Lot Size0.16 AC / 6,824 SF
CountyMonroe County

Location

Listing Courtesy of Brenda Donnelly Real Estate LLC

Sold By Last Key Realty, Inc (KW)

Add your commute

Building Information for 508 Virginia Street

Stories-Year Built1945Building Size-Lot Size0.16 AC / 6,824 SF

Payment Calculator

$27,306 per month

30 year fixed, 6.845% Interest

Principal and Interest

$24,887

Property Taxes

$2,419

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 508 Virginia Street

Summary
Location and General Information
  • Waterview: No Waterview
  • Area: 02 - Key West
  • Absolute Longitude: 81.797991
  • Control Depth: 0
  • Off Shore Island: No
  • Listing Board: Key West Association
  • Side: Median
  • KW Neighborhood: Old Town-S of Truman
  • Mile Marker: 1.0
  • Marathon Neighborhood: N/A
  • Neighborhood Feature: Beach
  • Key/Island: Key West
Owner
  • Owner Name: See Tax Records
Taxes and HOA Information
  • Association Info: Mandatory Home Owners Asc: No
  • Association Info: 1st Right of Refusal: No
  • License Info: # of City License: 1
  • License Info: # of County License: 1
  • License Info: Transient Rntl Licns: Yes
  • Fee Includes: None
  • Furnished: Furnished
  • Tax Year: 2023
  • Tax Exemptions: None
Property
Lot Information
  • Acres: 0.16
  • Parcel #: 00027740-000000
  • Land Size: Less Than 1/4 Acre
Property and Assessments
  • Legal: KW SUBS 8 AND 10 PT LOT 3 SQR 5 TR 11 G37-82/83 OR130-272/74 OR343-76/77 OR1043-2178 OR1077-2042/43 OR1078-1560/61 OR111
  • MLS Approved: Y
  • Limited Representation: No
  • SqFt Source: Property Data Card
  • Flood Zone: X
  • Rentals Allowed: Yes
  • Deed Restrictions: Unknown
  • Picture Count: 38
  • Document Count: 0
  • Building Style: Above Flood: Yes
  • Title: Negotiable
Utilities
  • Utilities: FKAA, Cable Available, Municipal Sewer
  • Pub Sewer HkUp: Yes
  • Species List: No
  • Pool: Yes
  • Pool Info: Heated: Yes
  • Pool Info: In Ground, Salt Water
  • Porch/Balcony: Open Porch/Balcony, Patio, Deck
Interior and Exterior Features
Interior Features
  • Floor: Tile, Concrete, Wood
  • Interior Features: Drapes/Blinds Incl, Sky Light(s), Walk-in Closet(s), Smoke Alarms, Fireplace(s), Split Bedroom, Cathedral Ceilings
  • Appliances: Washer, Stainless Steel Appliance(s), Wine Cooler, Ice Machine, Gas Appliances, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
Exterior Features
  • Roof: Metal Roof
  • Construction: Frame
  • Dockage: None
  • Exterior Features: Detached Guest Qtrs, Storage, Privacy Wall/Fence, Outdoor Shower, Lighting, Rain Gutters
  • Windows/Doors: French Doors
Room Information
  • Specialty Rooms: Laundry Room

Property History for 508 Virginia Street

DateEvent & SourcePriceAppreciation
Dec 17, 2024

Sold (Public Record)

Public Record #1547903768

$4,750,000

+6.4% / yr

Dec 17, 2024

Sold

FKMLS #610908

$4,750,000
Dec 13, 2024

Pending

FKMLS #610908

Nov 15, 2024

Backup Contract

FKMLS #610908

Nov 8, 2024

Pending

FKMLS #610908

Jul 26, 2024

Price Change

FKMLS #610908

$5,299,000
Jul 26, 2024

Listed (Active)

FKMLS #610908

$4,999,000
Jul 25, 2024

Temp Off Market

FKMLS #607916

Dec 24, 2023

Price Change

FKMLS #607916

$5,800,000
Dec 24, 2023

Price Change

FKMLS #607916

$5,775,000
Dec 24, 2023

Price Change

FKMLS #607916

$5,600,000
Dec 24, 2023

Listed (Active)

FKMLS #607916

$5,299,000
Jan 16, 2020

Sold (Public Record)

Public Record #662125424

$3,500,000

+3494974.5% / yr

Jan 16, 2019

Sold (Public Record)

Public Record #639157826

$100
Jan 16, 2019

Sold (Public Record)

Public Record #639157827

$100
Jan 15, 2019

Sold (Public Record)

Public Record #639157834

$2,000,000

+0.2% / yr

Jan 15, 2019

Sold

FKMLS #582615

$2,000,000
Nov 21, 2018

Pending

FKMLS #582615

Nov 5, 2018

Listed (Active)

FKMLS #582615

$2,195,000
May 11, 2004

Sold (Public Record)

Public Record #135281563

$1,950,000
May 5, 2004

Sold

FKMLS #92240

$1,950,000
May 5, 2004

Pending

FKMLS #92240

Feb 19, 2003

Listed (Active)

FKMLS #92240

$2,250,000
DateEvent & SourcePrice
12/17/2024

Sold (Public Record)

Public Record #1547903768

$4,750,000

+6.4% / yr

12/17/2024

Sold

FKMLS #610908

$4,750,000
12/13/2024

Pending

FKMLS #610908

11/15/2024

Backup Contract

FKMLS #610908

11/08/2024

Pending

FKMLS #610908

07/26/2024

Price Change

FKMLS #610908

$5,299,000
07/26/2024

Listed (Active)

FKMLS #610908

$4,999,000
07/25/2024

Temp Off Market

FKMLS #607916

12/24/2023

Price Change

FKMLS #607916

$5,800,000
12/24/2023

Price Change

FKMLS #607916

$5,775,000
12/24/2023

Price Change

FKMLS #607916

$5,600,000
12/24/2023

Listed (Active)

FKMLS #607916

$5,299,000
01/16/2020

Sold (Public Record)

Public Record #662125424

$3,500,000

+3494974.5% / yr

01/16/2019

Sold (Public Record)

Public Record #639157826

$100
01/16/2019

Sold (Public Record)

Public Record #639157827

$100
01/15/2019

Sold (Public Record)

Public Record #639157834

$2,000,000

+0.2% / yr

01/15/2019

Sold

FKMLS #582615

$2,000,000
11/21/2018

Pending

FKMLS #582615

11/05/2018

Listed (Active)

FKMLS #582615

$2,195,000
05/11/2004

Sold (Public Record)

Public Record #135281563

$1,950,000
05/05/2004

Sold

FKMLS #92240

$1,950,000
05/05/2004

Pending

FKMLS #92240

02/19/2003

Listed (Active)

FKMLS #92240

$2,250,000

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

Public Records for 508 Virginia Street

Taxable ValueLand$1,575,218Additions$2,047,046Total$3,622,264
Tax Record2023$29,029 ($2,419 / month)
Home Facts
Beds3Baths2.5Total Finished SqFt2,281 SqFtAbove Grade Finished SqFt2,281 SqFtStories2Lot Size6,824 SqFtStyleSingle Family ResidenceYear Built1945Year Renovated2015CountyMONROEAPN00027740-000000Fireplace TypeHas Fireplace

Schools near 508 Virginia Street

This home is within Monroe.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - PK to 8
Public - 8 to 12
Rating
School
Distance
Horace O'bryant School
PublicPK to 8

Key West High School
Public9 to 12

May Sands Montessori School
CharterPK to 8

Keys Center
Public8 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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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 Brenda Donnelly Real Estate LLC

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.