Florida Keys Real Estate

Listing Board: Key West Association

As is Rght to Inspct: Yes

Current Price: $2,450,000

Listing Date: 2024-01-27

Sold Price: $2,450,000

KW Neighborhood: Old Town-N of Truman

City: KEY WEST

Mile Marker: 1

Marathon Neighborhood: N/A

Side: Median

Flood Zone: 0.2 PCT ANNUAL CHANC

Alternate Key #: 1021547

Parcel #: 00020810-000000

Zoning: HHDR - Historic High Density Residential

Deed Restrictions: No

Legal: KW PT LT 2 SQR 3 TR 6 PP-271 UU193/94 D3-226 H2-21 G7-102 OR505-644 OR593-106 OR605-202 OR653-244 OR843-2012 OR943-1260/

Taxes: 7582.01

Tax Year: 2023

Pub Sewer HkUp: Yes

Street #: 901

Street Name: Grinnell

Street Suffix: Street

Key/Island: Key West

State/Province: FL

Zip Code: 33040

County: Monroe

Subdivision: Old Town - Unrecord (1.0)

Area: 01 - Key West

Realtor.COM Type: Residential - Single Family

Waterfront: No

Control Depth: 0

Lot SqFt: 1624

Pool: Yes

Lot Sqft Source: Tax Records

Total Units: 1

Acres: 0.04

SqFt Source: Seller

Rentals Allowed: Yes

Style: Single Family

Year Built: 1948

Living Apx SqFt: 1360

Total Bedrooms: 2

Full Baths: 3

Total Baths: 3

Remarks – Consumer: TRANSIENTLY LICENSED Vacation Rental Home with over $200K in Rental Income. Single family private homes in Old Town with the true Conch House charm, a private, heated pool and a true transient nightly rental license are the Unicorns of our market - you so rarely see them they almost appear as legend. Enter 901 Grinnell Street: a 2 Bedroom, 3 Bathroom single family home with a private pool and a true transient license to operate as a nightly rental with no minimums or additional restrictions. This property is fully outfitted as a luxury vacation rental with a decade of performance history in the top of the market, grossing an average of $200,000+ per year in 2021, 2022, 2023, and on track to achieve the same in 2024 with $85,000+ in rentals already on the books for the calendar year. With constant attention paid at the highest level of management over the past decade, mixed with enormous renovations and attentive upgrades this home is a turnkey vacation rental cash cow perfect for Buyers who also intend to use the home as their own when visiting. Property sold completely turnkey including all furniture, fixtures, electronics, artwork, housewares...walk right in to this high performing rental. Renovations and upgrades include entire top floor, all bathrooms, kitchen, flooring throughout, exterior siding, pool deck, porches...Come see for yourself...

Directions: Corner of Olivia St and Grinnell St on the Truman side

Sold Comments: Thank you Joe!

Sold Date: 2024-06-10

Sold Price: $2,450,000

Status: Closed

Mandatory Home Owners Asc: No

1st Right of Refusal: No

Association Fee $: 0

# of City License: 1

Transient Rntl Licns: Yes

None: 1

None: 1

None: 1

Dishwasher: 1

Dryer: 1

Freezer: 1

Gas Appliances: 1

Microwave: 1

Oven: 1

Range: 1

Refrigerator: 1

Washer: 1

Pets Allowed: 1

Ceiling Fans(s): 1

Central Air: 1

Ductless: 1

Hot Water: 1

None: 1

No Waterview: 1

Tile: 1

Wood: 1

Dade County Pine: 1

Drapes/Blinds Incl: 1

Sky Light(s): 1

Smoke Alarms: 1

Updated/Remodeled: 1

Above Flood: Yes

Conch: 1

Stories: 2 Stories

French Doors: 1

Single Hung Windows: 1

Wood Windows: 1

Frame: 1

Less Than 1/4 Acre: 1

Furnished: 1

Buyer to Verify: 1

Deck: 1

Open Porch/Balcony: 1

Roof Top Deck: 1

Fencing: 1

Outdoor Shower: 1

Privacy Wall/Fence: 1

Water Display: 1

In Ground: 1

Heated: Yes

Decked: 1

Cable: 1

Metal Roof: 1

Bahama: 1

Panel: 1

Tankless Hot Wtr Htr: 1