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101 Admirals Ln, Key West, FL 33040

$6,300,000
: 5
BD
: 4
BA
: 3,173
SqFt

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Sold Price: $6,300,000
List Price: $6,995,000
Closing Date: Oct 10, 2025
MLS#: 612065
Status: CLOSED
Island: Key West
County: Monroe
City: Key West
Area: Key West
Subdivision: Old Town - Unrecord (1.0)
Neighborhood: Truman Annex
Bedrooms: 5
Bathrooms: 4
Living Area: 3,173
Acres: 0.33
Year Built: 1994
Days on Market: 343

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Property Description

The Royal Compound is currently generating $500,000 a year from first-class guests who will accept only the best in vacation homes. What's interesting is that most of the rental income comes from monthly rentals, so you can expect almost as much income without a transient license. This extraordinary home is situated on one of the largest lots (14,183 SF) in Truman Annex and is being offered as the ultimate turnkey property. There are a total of 5 bedrooms and 4 bathrooms: 3 bedrooms and 2 bathrooms in the main house and two 1 bedroom, 1 bathroom private cottages. This expansive property includes a covered seating and dining area under the gazebo, which overlooks the resort-style heated pool and outdoor kitchen. The value of this home is not only its privacy with exotic landscaping, but its ability to generate income when you are away. Schedule your private showing of The Royal Compound to appreciate the uniqueness of this one-of-a-kind property!

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Additional Information

Hoa Fee: $1,324
Taxes: $48,046
Interior Features: Granite Counters, Security System
Appliances: Washer, Dryer, Dishwasher, Refrigerator, Range, Oven, Microwave, Ice Maker, Stainless Steel Appliance(s)
Exterior Features: Wet Bar, Fence, Gazebo, Hot Tub, Lighting, Outdoor Kitchen, Outdoor Shower, Shed, Sprinkler System, Storage
Roof: Metal
Pool: Yes
Zoning: HPRD - Hist Planned Redevelopment & Dev Dist
Terms: Cash, Conventional