$3,750,000
Key West, FL 33040
MLS# 621522
4 beds | 4 baths | 2214 sqft
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Property Description
Exceptional Key West Investment Opportunity with 3 Transient Licenses. The property consists of four private one bedrooms, one bath units, each featuring its own kitchen, living area, bedroom, and full bathroom. Most importantly, three of the four units benefit from transient rental licenses allowing nightly rentals, an increasingly rare and valuable asset in the Key West market. The fourth unit is currently rented monthly. Guests enjoy a shared private courtyard with a swimming pool, creating an inviting tropical setting and a desirable amenity for vacation renters. The property also offers three parking spaces, an added convenience in Key West. Renovated in 2018, the units blend classic Key West character with modern updates. Features include Dade County pine, engineered wood flooring, granite countertops, updated kitchen cabinetry and appliances, along with updated plumbing and electrical systems. Each unit is designed to operate independently, making the property well suited for continued use as an income producing investment.
Details
Maps
Contract Information
Current Price: $3,750,000
Listing Date: 2026-10-06
Listing Board: Key West Association
Monthly Rent: $3,750,000
Limited Representation: No
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
Species List: No
Location, Tax & Legal
Street #: 1501
Street Name: Truman
Street Suffix: Avenue
Key/Island: Key West
State/Province: FL
Zip Code: 33040
Subdivision: The Meadows (1.0)
County: Monroe
Area: 01 - Key West
General Property Description
Realtor.COM Type: Commercial
Style: Commercial
Lot Size: 49 X 88
Lot SqFt: 4364
Waterfront: No
# Parking Spaces: 3
Off Street Parking: 3
# Stories: 2
Total # Buildings: 1
Building SqFt: 2214
SqFt Source: Property Data Card
Living Apx SqFt: 2214
Total Units: 4
Year Built: 1928
Total Bedrooms: 4
Full Baths: 4
Total Baths: 4
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
License Info
# of City License: 4
# of County License: 4
# of Transient Licns: 3
Property Info
# Kitchens: 4
# Refrigerators: 4
# Range/Ovens: 4
# Washers: 1
# Dryers: 1
1 Bed/Bath: 4
Auction Info
Auction: No
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Status: Active
Property Features
Deed Restrictions: No
Type: Other Comrcl Style
Waterfront: None
Waterview: No Waterview
Dockage: None
Vehicle Storage: Guest Parking; Off Street Parking
Cooling: Wall/Window Unit(s)
Utilities: FKAA
Interior Features: Furnished; Smoke Alarms
Appliances: Dryer; Refrigerator; Washer
Miscellaneous: Pool
Construction: Frame
Electric: Other Electric
Shutters: Other
Floor: Combo; Laminate; Tile
Roof: Metal Roof
Land Size: Less Than 1/4 Acre
Fee Includes: None
Title: Negotiable
Property Rights: Multi-Use/Commercial
Listing Office: Berkshire Hathaway HomeServices Knight & Gardner Realty
Last Updated: October - 07 - 2026
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