Brett Newman - Coldwell Banker Logo
$1,250,000
 $6,710 est/mo Sourced by Back At You

1401 Simonton Street # 11,KEY WEST, FL 33040

KEY WEST, FL 33040

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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.

Details

MLS #619022
Listing TypeFor Sale
StyleCondominium
HOA Dues$3,215
Sub-TypeResale
StatusActive
Year2006
Days On Site170
Listing Provided ByCentury 21 All Keys Inc (KW) | Ralph J Sanchez

Features

Bed(s)2
Bath(s) 2 Total
SQ Feet958
PoolYes
ZoningHCT - Historic Commercial Touris
Water FrontNone
Property ViewNo Waterview

Taxes

Property8415

Area Information

StateFL
CountyMonroe
CityKEY WEST
Zip Code33040
Area01 Key West
Community NameFiler Boyle Sub (1.0)
Listing VS Median (in Filer Boyle Sub (1.0))
Price:
$1,250,000
low | high
Med:
$1,250,000
50% of Average
sqft:
958
low | high
Med:
958
50% of Average
$ / sqft:
$1,305
low | high
Med:
$1,305
50% of Average
On site:
170
low | high
Med:
170
100% of Average
Sourced by Back At You

Market Activity 33040

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Learn More About This Property

Brett Newman

Brett Newman

Coldwell Banker Schmitt

SL555709Global Luxury, Elite Agent Circle (305) 393-1770brett@brettnewman.com
StateFL
CountyMonroe
CityKEY WEST
Zip Code33040
Area01 Key West
Community NameFiler Boyle Sub (1.0)
Listing VS Median (in Filer Boyle Sub (1.0))
Price:
$1,250,000
low | high
Med:
$1,250,000
50% of Average
sqft:
958
low | high
Med:
958
50% of Average
$ / sqft:
$1,305
low | high
Med:
$1,305
50% of Average
On site:
170
low | high
Med:
170
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $937K - $1.562M
sqft: 719 - 1,000
Nearby Listings Property ImageNearby Listings Details
1305 Elizabeth Street Property Photo 1
$1,499,000
1305 Elizabeth Street
Key West, FL 33040
Listing Updated: May 21, 2026 at 5:41:25 PM PDT

Brett Newman - Coldwell Banker