1401 Simonton Street # 11, Key West, FL 33040

$1,250,000
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 958 Status: Active
Current Price: $1,250,000 List Date: 3/11/2026 Last Modified: 4/07/2026

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.

More Information MLS# 619022

Contract Information

Current Price: $1,250,000 Listing Date: 2026-03-11 Listing Board: Key West Association List Price: $1,250,000

Location Tax Legal

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 Style: Condo Waterfront: No Pool: Yes Year Built: 2006 Lot Size: X Lot Sqft Source: Tax Records Living Apx SqFt: 958 SqFt Source: Tax Records Total Bedrooms: 2 Full Baths: 2 Total Baths: 2 Rentals Allowed: Yes

Status Change Info

Status: Active

Association Info

Mandatory Home Owners Asc: Yes 1st Right of Refusal: No Association Fee $: 3215.46

License Info

Transient Rntl Licns: Yes

Building Style

Above Flood: Yes

Vehicle Storage

Car(s): 1

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: April - 07 - 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.