KEY WEST LUXURY OCEANFRONT VACATION

$3,099,000
4
4
2,400
sq. ft.
$1,291
per sq ft
Heated sq ft: 2,400 sq ft
Avg Nightly Rate: $800
Home Legally Sleeps: 12
Occupancy Rate: 45 weeks
Annual Gross Income : 200000
Annual Net Operating Income : 131667
Property Type: Condo (high rise or low rise)
Ownership Type: Full (100%)
Seasoned Short Term Rental: Yes
Furnishings Included: Yes
For Sale By: Broker
Seller Financing: No
Niche: Beach, Couples/Romance, Pet Friendly, Resort, Weddings or Family Reunions
New Construction: Inquire
Days on Vrolio: 100

Property Description

Prepare to live a life of sophisticated luxury. From the moment you enter this expansive 2,420 sq ft oceanfront condo, you will be captivated by breathtaking and commanding ocean views. This masterfully crafted and elegant 4BR/4 BA condo has an impressive luminous open floor plan that flows seamlessly from the entertaining areas to the perfectly scaled bedrooms and ensuite baths. Striking marble floors, beautiful granite kitchen countertops, spacious pantry, laundry and storage complete the interior. From the private outdoor oceanfront terraces, leave your cares behind you and experience the twilight hues of famous ''Key West'' Sunsets every day of the year. Enjoy the beautiful Harbor Front pool, meticulously cared for grounds and leisurely strolls to shopping, entertainment and dining. This unit is eligible for the special Truman Annex Transient License with the City of Key West.

Presented by:
Agent:
Leigh Ann Roach
Berkshire Hathaway
Seller Financing
No
Distress Sale
Foreclosure
Seller Financing Terms
Seasonal Nightly Rates
High: 1200
Low: 600
Peak: 1200
Special Event: 1200
Avarage: 800.00
Furniture Age
7
Est Value of Furnishings
$40,000
Peak & High Seasons
January, February, March, April, May, July, December
Ownership Percentage
Full (100%)
Qualifies for foreign national visa
Not sure
Reason for Selling
Foreign national buyer restrictions from government?
Not sure
Gross Annual Income
200000
Net Operating Income
131667
Stories
2
Additional Indoor Rooms
Living Room, Multiple Master Suites
Appliances
Dishwasher, Dryer, Electric appliances, Full stove, Garbage Disposal, Microwave, Oven, Refrigerator, Washer
Heating/Cooling
Central A/C (gas or electric)
Floor Coverings
Tile
Security
Yes
Security Description
Central Station
Half Baths
Inquire
Master Suite(s)
Inquire
Energy Efficiency
Tankless water heater
Year built
1991
Outdoor Features
Courtyard, Deck, Inground Pool, Walking Trail, Walk Out Balcony
View
Ocean
Backyard Exposure
South
Lot Size
Inquire
Community Features
Bike Rentals, Guard Gated Community
Tax Amount/Year
Inquire
CDD Amount
Inquire
Neighborhood
Inquire
Deed Restricted Community
Yes
Interview Required
No
Neighborhood Amenities
Bike Rentals, Guard Gated Community
Mandatory HOA
Inquire
Home Legally Sleeps:
12
Onsite Parking
Two Deeded Covered Parking Spaces
Neighborhood Association STR Rules
HOA allows STR
Municipality STR Rules
Yes, Property may be rented 25 weeks out of the year, and the remainder of the time it may be rented monthly. 7 Night Minimum.
Transferrable Permit or License
Yes, Municipality Issuing New Permits
Rental Tax Info
$12.55
Minimum Nightly Rental
7 Days
Rental Length Requirement
Yes , (Property may be rented 25 weeks out of the year, and the remainder of the time it may be rented monthly. 7 Night Minimum.)
Has Rental History
Yes
Established Rental History
Inquire
Occupancy Rate
45
Being Sold with Bookings
Inquire
Caretaker Info
InquireCaretaker cannot stay and oversee the property
Bookings Placed By
Owner
Managed By
Owner
Management Bookings Percentage
Inquire
Caretaker Bookings Percentage
Inquire
Paid Booking History
Yes
Future Booking Calendar
Management Fees
Inquire
Caretaker Fees
Inquire
Sold with Marketing Collateral
Yes, AirBnb profile, Private website, Existing database of guests, Professional photos, VRBO and/or Homeaway profile
Manager Cancellation Policy
 
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Credit Card Fee
$0.35
Cleaning Fee
$200.00
Licesnes & Permits (Annual)
$153.00
Advertising & Tech Costs (Annual)
Inquire
Yard & Pest Control (Annual)
Inquire
Pool & Spa Maintinence (Annual)
Inquire
Electricity (Annual)
$3,600.00
Water/Sewer (Annual)
Inquire
Cable/Interbet (Annual)
$2,400.00
Accounting Fee (Annual)
Inquire
Property Taxes (Annual)
Inquire
Homeowner's Insurance (Annual)
$1,500.00
Short Term Rental Insurance Rider (Annual)
Inquire
CDD Fee (Annual)
Inquire
Annual Homeowner's Association Dues
$22,000.00
Additional Membership Fees (Annual)
Inquire
Acquisition
Purchase price
Closing costs
Home Inspection
Furniture & Interiors Package
Rehab Work Estimates
Other
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User understands this calculator is deemed reliable but not guaranteed. Vrolio makes absolutely no guarantees on returns or income. User should do their own due diligence and verify all data before making a purchasing decision. User understands that this is an educational tool only. We therefore accept no liability arising from any reliance made by any user or person to whom this information is made available to. Please use this tool at your own discretion and use caution always before buying any real estate investment.

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Listing Source: Berkshire Hathaway, 305-587-4535

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