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!
Sold for $6,300,000
$6,300,000
101 Admirals Ln, Key West, FL 33040
5beds
3,173sqft
Single Family Residence
Built in 1994
0.33 Acres Lot
$6,288,900 Zestimate®
$1,986/sqft
$8,079 Estimated rent
Home value
$6,288,900
$5.60M - $7.11M
$8,079/mo
Zestimate® history
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List your homeWhat's special
Outdoor kitchenResort-style heated poolPrivacy with exotic landscaping
Zillow last checked:
Listing updated:
Listed by:
Andrea Leskova Otava 305-504-4103,
Last Key Realty, Inc (KW)
Bought with:
The Spottswood Team
Truman & Co. (KW)
Terri Spottswood, 161619
Truman & Co. (KW)
Source: FLKMLS,MLS#: 612065
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
Cooling
- Central Air, Ceiling Fans(s), Ductless
Appliances
- Included: Washer, Dryer, Dishwasher, Refrigerator, Range, Oven, Microwave, Ice Maker, Stainless Steel Appliance(s)
Features
- Granite Counters
- Flooring: Tile, Wood
- Furnished: Yes
Interior area
- Total structure area: 3,173
- Total interior livable area: 3,173 sqft
Property
Features
- Levels: Ground Level
- Patio & porch: Open Porch/Balcony, Deck, Screened Patio
- Exterior features: Bar, Lighting, Outdoor Kitchen, Outdoor Shower, Storage
- Has private pool: Yes
- Pool features: In Ground, Concrete, Decked
- Has spa: Yes
- Spa features: Heated
- Fencing: Fenced
Lot
- Size: 0.33 Acres
Details
- Additional structures: Gazebo, Shed(s)
- Parcel number: 00004590001001
- Zoning: HPRD - Hist Planned Redevelopment & Dev Dist
- Other equipment: Irrigation Equipment
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Frame
Condition
- Year built: 1994
Utilities & green energy
- Utilities for property: Cable Available
Community & HOA
Community
- Security: Gated with Guard, Security Guard, Security System
- Subdivision: Old Town - Unrecord (1.0)
HOA
- Has HOA: Yes
- Services included: Common Area Mnt, Security
- HOA fee: $1,324 quarterly
Location
- Region: Key West
Financial & listing details
- Price per square foot: $1,986/sqft
- Tax assessed value: $5,782,422
- Annual tax amount: $48,046
- Date on market: 11/1/2024
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 10/10/2025 | Sold | $6,300,000-9.9%$1,986/sqft |
Source:  FLKMLS #612065 Report a problem | ||
| 9/12/2025 | Contingent | $6,995,000$2,205/sqft |
Source:  Key West AOR #612065 Report a problem | ||
| 2/7/2025 | Price change | $6,995,000-3.5%$2,205/sqft |
Source: Key West AOR #612065 Report a problem | ||
| 11/1/2024 | Listed for sale | $7,249,000-3.3%$2,285/sqft |
Source: FLKMLS #612065 Report a problem | ||
| 8/25/2024 | Listing removed | $7,499,000$2,363/sqft |
Source: Key West AOR #607301 Report a problem | ||
| 2/28/2024 | Price change | $7,499,000-5.1%$2,363/sqft |
Source: FLKMLS #607301 Report a problem | ||
| 11/4/2023 | Listed for sale | $7,900,000$2,490/sqft |
Source: FLKMLS #607301 Report a problem | ||
| 6/23/2023 | Listing removed | -- |
Source: FLKMLS #603583 Report a problem | ||
| 12/31/2022 | Listed for sale | $7,900,000+34.6%$2,490/sqft |
Source: Key West AOR #603583 Report a problem | ||
| 3/8/2019 | Sold | $5,870,000-1.8%$1,850/sqft |
Source: FLKMLS #575920 Report a problem | ||
| 12/3/2018 | Price change | $5,980,000-8%$1,885/sqft |
Source: Beach Club Brokers (KW) #575920 Report a problem | ||
| 6/14/2017 | Listed for sale | $6,500,000+18.2%$2,049/sqft |
Source: Beach Club Brokers Inc (KW) #575920 Report a problem | ||
| 5/10/2016 | Sold | $5,500,000-7.6%$1,733/sqft |
Source: Public Record Report a problem | ||
| 4/5/2016 | Pending sale | $5,950,000$1,875/sqft |
Source: Truman & Co Inc. #122956 Report a problem | ||
| 3/3/2016 | Listed for sale | $5,950,000+20.8%$1,875/sqft |
Source: Truman & Co Inc. #122956 Report a problem | ||
| 9/2/2004 | Sold | $4,925,000+208.8%$1,552/sqft |
Source: Public Record Report a problem | ||
| 2/17/1999 | Sold | $1,595,000$503/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $48,125 +0.2% | $5,782,422 +0.1% |
| 2024 | $48,046 -6.4% | $5,776,409 +1.1% |
| 2023 | $51,348 +16.4% | $5,713,896 +10% |
| 2022 | $44,115 +5.6% | $5,194,451 +10% |
| 2021 | $41,780 -2.7% | $4,722,228 -3% |
| 2020 | $42,921 | $4,865,860 -0.4% |
| 2019 | $42,921 -1.3% | $4,887,608 +1.6% |
| 2018 | $43,502 -0.5% | $4,809,132 +5.8% |
| 2017 | $43,742 +3.8% | $4,547,592 +22% |
| 2016 | $42,125 +24.1% | $3,728,690 +21.5% |
| 2015 | $33,956 | $3,067,834 |
Find assessor info on the county website
Neighborhood: Truman Annex
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Nearby schools
GreatSchools rating
- 4/10Gerald Adams Elementary SchoolGrades: PK-5Distance: 4.2 mi
- NAMonroe Virtual Instruction ProgramGrades: K-12Distance: 0.8 mi
- 4/10Key West High SchoolGrades: 9-12Distance: 1.9 mi
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Estimated market value
$6,288,900
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$6,288,900
- Florida
- Monroe County
- Key West
- 33040
- Truman Annex
- 101 Admirals Ln
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