720D Simonton Street, Key West, FL 33040
Local realty services provided by:Better Homes and Gardens Real Estate Destinations
Listed by: the spottswood team, terri spottswood
Office: truman & co. (kw)
MLS#:621632
Source:FL_FKBOR
Price summary
- Price:$4,950,000
- Price per sq. ft.:$2,027.86
About this home
DUAL TRANSIENT LICENSES | A RARE DEPARTURE FROM THE ORDINARY While most Old Town properties embrace tropical pastels and wooden shutters, this exceptional compound stands as a bold architectural departure. With its striking modern aesthetic, raw concrete elements, and serene private courtyard, this is where minimalist design meets maximum investment potential, just one block from Duval Street. | THE COMPOUND | Built in 2008 on a generous 5,220sf lot, this 2,441sf property features two distinct units, a front house and back house, connected by a heated pool oasis. Four bedrooms, four full baths, soaring two-story ceilings, and thoughtfully curated interiors showcase warm mid-century touches against clean architectural lines. Wood and tile floors, built-in cabinetry, walk-in closets, and abundant natural light through expansive glass doors create spaces that are both meditative and functional. | THE SANCTUARY | High privacy walls enclose a tranquil pool courtyard with tropical landscaping, outdoor shower, and ample off-street parking. Electric gate entry ensures complete seclusion while downtown's energy pulses just steps away. | THE OPPORTUNITY | Two active transient rental licenses with 1-day minimum stays unlock exceptional income in Key West's most sought-after location. The property's distinctive design aesthetic attracts discerning guests seeking something different, proven by outstanding reviews and strong rental performance. HNC zoning supports flexible commercial use, while X flood zone designation offers insurance advantages. | THE LOCATION | Heart of Old Town, steps from Duval's legendary dining, nightlife, galleries, and waterfront. Close enough to all the action, far enough from the noise. This is investment-grade real estate with soul, where architectural distinction drives premium rates and occupancy....
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Home facts
- Year built:2008
- Subdivision & Development:Old Town - Unlisted (1.0)
- Listing ID #:621632
- Added:5 day(s) ago
- Updated:October 20, 2026 at 03:09 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:4
- Kitchen Description:Built-in Cabinets, Pantry
- Living area:2,441 sq. ft.
Heating and cooling
- Cooling:Ceiling Fans(s), Central Air
Structure and exterior
- Year built:2008
- Building area:2,441 sq. ft.
- Lot area:0.12 Acres
- Construction Materials:Combo Construction, Concrete
- Exterior Features:Lighting, Outdoor Shower, Privacy Wall/Fence, Storage, Water Display
Finances and disclosures
- Price:$4,950,000
- Price per sq. ft.:$2,027.86
- Tax amount:$32,509
Features and amenities
- Amenities:Built-in Cabinets, Drapes Included, Pantry, Storage, Window Treatments
Parking
- Parking description:Off Street
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