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$7,490,000
525 Simonton Street
Key West, FL 33040
MLS# 615622
11 beds  |  11 baths  |  3034 sqft


Front of main house
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Front of main house Front - Simonton St. Parking Front of Main House Entrance Parlor Parlor Living Room Living Room Living Room Dining Room Dining Room Kitchen Kitchen 1st Floor Bedroom 1st Floor Bedroom 1st Floor Bathroom 1st Floor Bedroom 1st Floor bathroom Staircase to Second floor 2nd Floor Bedroom 2nd floor Bathroom 2nd Floor Primary room 2nd Floor Primary room 2nd floor Bathroom Balcony overlooking pool Balcony overlooking pool 2nd Floor Bedroom 2nd floor Bathroom 2nd Floor Primary room 2nd Floor Primary room 2nd floor Bathroom Front Balcony Front Balcony 3rd Floor Suite 3rd Floor Suite 3rd Floor Suite 3rd Floor Suite 3rd Floor Suite 3rd Floor Suite 3rd Floor Suite Bathroom Third Floor balcony overlooking pool Mansion Pool Mansion Pool Mansion Pool Outdoor dining Parking Villa Livingroom Villa Kitchen Bedroom #1 Bedroom #1 Bedroom #1 Bathroom #1 Bedroom #2 Bedroom #2 Bathroom #2 Bedroom #3 Bathroom #3 Bedroom #4 Bathroom #4 Outdoor Bar Pool/ outdoor seating Villa Pool Villa Front of Main House Front of Main House Parlor Parlor Living room Living room Living room Dining Dining Kitchen Kitchen 1st Floor bedroom 1st Floor bedroom !st Floor Bath Second bedroom on first floor En Suite bath to second bedroom Grand Staircase to second floor bedoom 3 bathroom 3 bedroom 4 bedroom 4 balcony overlooking pool balcony overlooking pool Bathroom 4 Bedroom 5 Bathroom 5 Bedroom 6 Bedroom 6 Bedroom 6 Bathroom 6 Balcony over looking Simonton St Balcony over looking Simonton St 3RD floor suite 3RD floor suite 3RD floor suite 3RD floor suite 3RD floor suite 3RD floor suite 3RD floor suite bathroom Balcony Main house Pool Main HousePool main house Pool Outdoor dining Driveway Villa Living room Villa Living room Bedroom #1 Bedroom #1 Bedroom #1 Bathroom #1 Bedroom #2 Bedroom #2 Bathroom #2 Bedroom #3 Bathroom #3 Bedroom #4 Bathroom #4 Villa Bar Villa Pool Villa Pool

Property Description
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 balconies—one overlooking Simonton Street, the other with views of the pool. A spacious third-floor suite, accessed via an interior or exterior staircase, offers a private living room, wet bar, and yet another balcony retreat. The villa, renovated to the studs in 2014, offers a clean, contemporary design with 4 bedrooms, 4 baths, full kitchen, living area, private pool, and outdoor bar—perfect for entertaining. Whether you choose to rent the estate in its entirety or as two separate homes, The Watson House is a rare asset in Key West's luxury rental market—highly sought-after and consistently booked well in advance.

Details
Maps
Contract Information
Listing Board: Key West Association
Limited Representation: No
Potential Short Sale: No
Bank Owned: No
Current Price: $7,490,000
Listing Date: 2025-07-01
List Price: $7,490,000
Location, Tax & Legal
KW Neighborhood: Old Town-N of Truman
City: KEY WEST
Mile Marker: 1
Marathon Neighborhood: N/A
Side: Median
Flood Zone: X
Alternate Key #: 1009491
Parcel #: 00009240-000000
Zoning: HRCC(1 - 4) - Hist Res Comm Core 1-4 SF Specl
Legal: KW PT LOT 4 SQR 49 G8-444 OR885-189 OR890-2126 OR927-1164 OR2008-62 OR2555-1269 OR3147-0073 OR3164-0865
Taxes: 51759.18
Tax Year: 2024
Street #: 525
Street Name: Simonton
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
Subdivision: Old Town - Unrecord (1.0)
County: Monroe
Area: 01 - Key West
General Property Description
Realtor.COM Type: Commercial
Waterfront: No
Control Depth: 0
Lot Size: 61x139
Lot SqFt: 8269
Total Units: 0
# Parking Spaces: 4+
Off Street Parking: Yes
# Stories: 3
Building SqFt: 4295
Style: Residential Income
Living Apx SqFt: 3034
Year Built: 1889
Total Bedrooms: 11
Full Baths: 11
Total Baths: 11
Remarks & Misc
Remarks – Consumer: 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 balconies—one overlooking Simonton Street, the other with views of the pool. A spacious third-floor suite, accessed via an interior or exterior staircase, offers a private living room, wet bar, and yet another balcony retreat. The villa, renovated to the studs in 2014, offers a clean, contemporary design with 4 bedrooms, 4 baths, full kitchen, living area, private pool, and outdoor bar—perfect for entertaining. Whether you choose to rent the estate in its entirety or as two separate homes, The Watson House is a rare asset in Key West's luxury rental market—highly sought-after and consistently booked well in advance.
Deed Restrictions
No: 1
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
License Info
# of City License: 2
# of County License: 2
# of Transient Licns: 2
Type
Hotel/Motel: 1
Fee Includes
None: 1
Dockage
None: 1
Appliances
Dishwasher: 1
Disposal: 1
Dryer: 1
Range: 1
Refrigerator: 1
Washer: 1
Cooling
Central Air: 1
Waterfront
None: 1
Waterview
No Waterview: 1
Interior Features
Cathedral Ceilings: 1
Furnished: 1
Laundry Room: 1
Wet Bar: 1
Window Treatments: 1
Vehicle Storage
Car(s): 4+
Off Street Parking: 1
Construction
Frame: 1
Land Size
Less Than 1/4 Acre: 1
Utilities
FKAA: 1
Title
Negotiable: 1
Property Rights
Transient License: 1
Miscellaneous
Fencing: 1
Patio: 1
Pool: 1
Storage: 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Status: Active
Property Features
Deed Restrictions: No
Type: Hotel/Motel
Waterfront: None
Waterview: No Waterview
Dockage: None
Vehicle Storage: Off Street Parking
Cooling: Central Air
Utilities: FKAA
Interior Features: Cathedral Ceilings; Furnished; Laundry Room; Wet Bar; Window Treatments
Appliances: Dishwasher; Disposal; Dryer; Range; Refrigerator; Washer
Miscellaneous: Fencing; Patio; Pool; Storage
Construction: Frame
Land Size: Less Than 1/4 Acre
Fee Includes: None
Title: Negotiable
Property Rights: Transient License

Listing Office: Island Home Realty Inc.

Last Updated: March - 05 - 2026

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