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$1,250,000
1401 Simonton Street # 11
Key West, FL 33040
MLS# 619022
2 beds  |  2 baths  |  958 sqft


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Property 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
Maps
Contract Information
Listing Board: Key West Association
Current Price: $1,250,000
Listing Date: 2026-03-11
List Price: $1,250,000
Location, Tax & Legal
KW Neighborhood: Old Town-S of Truman
Unit #: # 11
City: KEY WEST
Mile Marker: 1
Marathon Neighborhood: N/A
Side: Ocean
Flood Zone: AE,AE,AE
Alternate Key #: 9087696
Parcel #: 00036231001100
Zoning: HCT - Historic Commercial Tourist
Deed Restrictions: Unknown
Legal: Unit 11 The Santa Maria Resort Condominium Or2265-357/477Dec Or2286-204
Taxes: 8415.44
Tax Year: 2025
Pub Sewer HkUp: Yes
Street #: 1401
Street Name: Simonton
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
County: Monroe
Subdivision: Filer Boyle Sub (1.0)
Area: 01 - Key West
General Property Description
Realtor.COM Type: Residential - Condo/Townhouse
Waterfront: No
Control Depth: 0
Lot Size: X
Lot SqFt: 0
Pool: Yes
Lot Sqft Source: Tax Records
Total Units: 0
Acres: 0
SqFt Source: Tax Records
Rentals Allowed: Yes
Style: Condo
Year Built: 2006
Living Apx SqFt: 958
Total Bedrooms: 2
Full Baths: 2
Total Baths: 2
Remarks & Misc
Remarks – Consumer: 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.
Association Info
Mandatory Home Owners Asc: Yes
1st Right of Refusal: No
Association Fee $: 1498
License Info
Transient Rntl Licns: Yes
Fee Includes
Bldg Exterior Mnt: 1
Building Insurance: 1
Common Area Mnt: 1
Dockage
None: 1
Tax Exemptions
None: 1
Appliances
Dishwasher: 1
Disposal: 1
Dryer: 1
Microwave: 1
Oven: 1
Range: 1
Refrigerator: 1
Stainless Steel Appliance(s): 1
Washer: 1
Wine Cooler: 1
Pets
No Pets Allowed: 1
Cooling
Ceiling Fans(s): 1
Central Air: 1
Heat Pump: 1
Waterfront
None: 1
Waterview
No Waterview: 1
Floor
Combo: 1
Marble: 1
Tile: 1
Neighborhood Feature
Beach: 1
Handicap Facilities: 1
Manager on Premises: 1
Interior Features
Built-in Cabinets: 1
Granite Counter Top: 1
Lobby: 1
Pantry: 1
Smoke Alarms: 1
Split Bedroom: 1
Specialty Rooms
Laundry Room: 1
Building Style
Above Flood: Yes
Windows/Doors
Glass Doors: 1
Impact Rstnce Window: 1
Vehicle Storage
Car(s): 1
Off Street Parking: 1
Construction
CBS: 1
Concrete: 1
Land Size
Less Than 1/4 Acre: 1
Utilities
Elect Separate Meter: 1
FKAA: 1
Water Separate Meter: 1
Exterior Features
Fencing: 1
Lighting: 1
Sprinkler System: 1
Water Display: 1
Pool Info
In Ground: 1
Concrete: 1
Roof
Concrete Roof: 1
Status Change Info
Status: Active
Property Features
Fee Includes: Bldg Exterior Mnt; Building Insurance; Common Area Mnt
Tax Exemptions: None
Waterfront: None
Waterview: No Waterview
Dockage: None
Vehicle Storage: Off Street Parking
Cooling: Ceiling Fans(s); Central Air; Heat Pump
Utilities: Elect Separate Meter; FKAA; Water Separate Meter
Interior Features: Built-in Cabinets; Granite Counter Top; Lobby; Pantry; Smoke Alarms; Split Bedroom
Specialty Rooms: Laundry Room
Appliances: Dishwasher; Disposal; Dryer; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer; Wine Cooler
Exterior Features: Fencing; Lighting; Sprinkler System; Water Display
Pool Info: In Ground; Concrete
Construction: CBS; Concrete
Floor: Combo; Marble; Tile
Roof: Concrete Roof
Pets: No Pets Allowed
Neighborhood Feature: Beach; Handicap Facilities; Manager on Premises
Land Size: Less Than 1/4 Acre

Listing Office: Century 21 All Keys Inc (KW)

Last Updated: March - 12 - 2026

The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.