1401 Simonton Street , #16

Description

Luxury Condo Hotel with rare Transient Nightly Rental Rights - Exceptional Key West Value.Discover a rare opportunity to own a luxury condo-hotel residence in the heart of Key West with full transient nightly rental privileges - an increasingly scare asset class in the Florida Keys. This turnkey Investment generated almost $200,000 in actual gross rental revenue in 2005, offering strong income potential while preserving the true joy of ownership.Located at the iconic Santa Maria Resort, built in 2006 and consistently recognized as one of the Islands premier luxury resorts, this residence blends contemporary design with resort style comfort. This two bedroom, two bath residence is one of the few single-level units overlooking the resort style pool, capturing a serene sense of living rarely found in a condo hotel. Private poolside porch allows you to enjoy the relaxed sophistication of Island living - morning coffee, afternoon breezes and evenings wrapped in resort ambiance.Buyer can choose their own management company or choose to negotiate with the existing on-site company. All current reservations up to 180 days from closing must be honored. Being Sold Turn Key with all reservations in place allowing a seamless transition to the new owner. Resort Features include, Off Street Parking, 24 Hr Gym, Concierge, large Heated Pool and only One BLock To infamouns Duval St.This is not just an investment - it's a lifestyle-forward asset in one of the most supply-constrained markets in the country. Own a piece of Key West that pays you back, while still being yours to enjoy.