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Sold for $4,750,000
  • $4,750,000

    508 Virginia St, Key West, FL 33040

    3beds
    2,281sqft
    Single Family Residence
    Built in 1945
    6,969 Square Feet Lot
    $4,831,300 Zestimate®
    $2,082/sqft
    $7,735 Estimated rent

    Home value

    $4,831,300

    $4.30M - $5.41M

    $7,735/mo

    Zestimate® history
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    What's special

    Large poolHeated poolCovered porchSleek ensuite bathFrench doorsTropical lush landscapingOutdoor views
    This magnificent TRANSIENT rental property with two homes and a heated pool blends privacy with convenience. Nestled in historic Old Town and just steps from Duval Street, this 3 bedroom/3.5 bath complex has a strong rental history. Once home to iconic fashion designers, this gated haven will astonish you. To your right is the main single-story building which includes a king bedroom and large, sleek ensuite bath. Vaulted ceilings, skylights, exposed beams, and French doors surround the expansive open concept living room and dining room. The space is bathed in sunlight and perfect for entertaining. At the far end of the main building, you will find a spectacular stainless steel commercial kitchen with a vaulted ceiling and outdoor views. Equipped with prep areas, an island, cabinetry, a double sink, and an oversized gas range with hood, you have everything you need to prepare meals or parties for large groups. A personal Chef would be delighted to cook in this kitchen. As you move out onto the covered porch, you will enjoy indoor-outdoor living at its finest. With easy access to the pool, you can spend your afternoon relaxing outdoors. The porch provides a respite from the sun and an area for al fresco dining. The two-story home at the rear of the property stacks two spacious bedrooms with ensuite baths and seating areas. Each is complemented with either a balcony or covered porch overlooking the pool. Guests or extended family can mingle around the gorgeous outdoor area or retreat to their own private spaces. Both homes surround the large pool with the convenience of an outdoor shower. The complex's stunning tropical lush landscaping and privacy fencing offers a tranquil oasis including off-street parking, a rare amenity in Key West. From here you can walk to Higgs Beach, the Southernmost Point and the shops and restaurants on Duval Street. This opportunity to own a transient rental property in an ideal location won't last long. Call today for a private showing!

    Zillow last checked:

    Listing updated:

    Listed by:

    Brenda J Donnelly 305-304-1116,

    Brenda Donnelly Real Estate LLC

    Bought with:

    Rodney Culiver, SL3426316

    Last Key Realty, Inc (KW)

    Andrea Leskova Otava, 3430882

    Last Key Realty, Inc (KW)

    Source: FLKMLS,MLS#: 610908MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 4
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    Heating
    • Has Heating (Unspecified Type)
    Cooling
    • Central Air, Ceiling Fans(s), Ductless
    Appliances
    • Included: Washer, Dryer, Dishwasher, Refrigerator, Range, Oven, Microwave, Gas Appliances, Ice Maker, Wine Cooler, Stainless Steel Appliance(s)
    • Laundry: Laundry Room
    Features
    • Walk-in Closet(s)
    • Flooring: Tile, Wood, Concrete
    • Windows: Skylight(s)
    • Furnished: Yes
    Interior area
    • Total structure area: 2,281
    • Total interior livable area: 2,281 sqft

    Property

    Features
    • Patio & porch: Open Porch/Balcony, Deck, Patio
    • Exterior features: Rain Gutters, Lighting, Outdoor Shower, Storage
    • Has private pool: Yes
    • Pool features: In Ground, Salt Water
    • Fencing: Privacy
    Lot
    • Size: 6,969 Square Feet
    Details
    • Additional structures: Guest House
    • Parcel number: 00027740000000
    • Zoning: HRCC(1 - 4) - Hist Res Comm Core 1-4 SF Specl

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Frame
    Condition
    • Year built: 1945

    Utilities & green energy

    • Utilities for property: Cable Available

    Community & HOA

    Community
    • Features: Beach
    • Subdivision: Old Town - Unlisted (1.0)
    HOA
    • Has HOA: No
    • Services included: None
    Location
    • Region: Key West

    Financial & listing details

    • Price per square foot: $2,082/sqft
    • Tax assessed value: $3,922,855
    • Annual tax amount: $29,028
    • Date on market: 7/27/2024
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    12/17/2024Sold$4,750,000-5%$2,082/sqft
    Source: FLKMLS #610908 Report a problem
    12/13/2024Pending sale$4,999,000$2,192/sqft
    Source: FLKMLS #610908 Report a problem
    11/15/2024Contingent$4,999,000$2,192/sqft
    Source: FLKMLS #610908 Report a problem
    10/22/2024Price change$4,999,000-5.7%$2,192/sqft
    Source: FLKMLS #610908 Report a problem
    7/27/2024Listed for sale$5,299,000$2,323/sqft
    Source: FLKMLS #610908 Report a problem
    7/25/2024Listing removed--
    Source: FLKMLS #607916 Report a problem
    7/16/2024Price change$5,299,000-5.4%$2,323/sqft
    Source: FLKMLS #607916 Report a problem
    5/7/2024Price change$5,600,000-3%$2,455/sqft
    Source: FLKMLS #607916 Report a problem
    3/26/2024Price change$5,775,000-0.4%$2,532/sqft
    Source: FLKMLS #607916 Report a problem
    12/24/2023Listed for sale$5,800,000+65.7%$2,543/sqft
    Source: FLKMLS #607916 Report a problem
    1/17/2020Sold$3,500,000+75%$1,534/sqft
    Source: Public Record Report a problem
    1/15/2019Sold$2,000,000-8.9%$877/sqft
    Source: FLKMLS #582615 Report a problem
    11/5/2018Listed for sale$2,195,000+12.6%$962/sqft
    Source: Truman & Co. (KW) #582615 Report a problem
    5/11/2004Sold$1,950,000$855/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$32,830 +4.6%$3,922,855 +7.9%
    2024$31,387 +8.1%$3,637,015 +10%
    2023$29,029 +11.6%$3,306,377 +10%
    2022$26,014 +6.8%$3,005,797 +10%
    2021$24,356 +8.4%$2,732,543 +8.2%
    2020$22,476 $2,525,042 +41.7%
    2019$22,476 +39.4%$1,782,284 +131.5%
    2018$16,129 +131%$769,917 +2.1%
    2017$6,981 +0.4%$754,082 +2.1%
    2016$6,953 -3.2%$738,572 +0.7%
    2015$7,185 $733,438
    Find assessor info on the county website

    Neighborhood: Upper Duvall

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $4,831,300
    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
    $4,831,300