525 Simonton Street, Key West, FL 33040

Key West
Local realty services provided by:Better Homes and Gardens Real Estate Destinations
525 Simonton Street,Key West, FL 33040
$6,995,000
  • 11 Beds
  • 11 Baths
  • 3,034 sq. ft.
  • Single family
  • Active
Listed by: paige bethel
Office: island home realty inc.
MLS#:615623
Source:FL_FKBOR

Price summary

  • Price:$6,995,000
  • Price per sq. ft.:$2,305.54

About this home

A Rare Investment Opportunity in the Heart of Old Town Key West. NIGHTLY rentals allowed. Introducing The Watson House—one of the largest and most versatile TRANSIENTLY licensed estates in Key West. Situated just one block off Duval Street on iconic Simonton Street, this 11-bedroom, 11-bath compound spans two distinct residences: a stately 7-bedroom mansion and a sleek, modern 4-bedroom villa—each with its own private pool. Zoned with two transient licenses and off-street parking for 4+ vehicles, this exceptional property offers unmatched flexibility for luxury rentals or private use. The grand mansion was reimagined in July 2022 by a local designer, featuring fresh paint, stylish new furnishings, and 12-foot soaring ceilings. The main level includes two guest rooms with baths, formal living and dining rooms, a parlor, and a well-appointed kitchen that opens to the pool deck and outdoor dining area. Upstairs, four en suite bedrooms include two primary suites with private...

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Home facts

  • Year built:1889
  • Listing ID #:615623
  • Added:312 day(s) ago
  • Updated:May 09, 2026 at 02:50 PM

Rooms and interior

  • Bedrooms:11
  • Total bathrooms:11
  • Kitchen Description:Built-in Cabinets
  • Living area:3,034 sq. ft.

Heating and cooling

  • Cooling:Central Air, Ductless

Structure and exterior

  • Year built:1889
  • Building area:3,034 sq. ft.
  • Lot area:0.19 Acres
  • Construction Materials:Frame, Hardi Board Siding
  • Exterior Features:Fencing, Storage

Finances and disclosures

  • Price:$6,995,000
  • Price per sq. ft.:$2,305.54
  • Tax amount:$51,759

Features and amenities

  • Amenities:Built-in Cabinets, Drapes Included, Sky Light(s), Smoke Alarms, Storage, Window Treatments

Parking

  • Parking description:Off Street, Open

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