If you are looking for a second home in Key West and want a place with a full transient rental license that you can legally rent daily to maximize your rental income, you may want to take a look at 518 Catherine Street. You probably know the location without realizing where it is. This house is located about 150 feet east of La Te Da (on upper Duval Street) or about 150 feet west of Camille's on upper Simonton Street. CLICK MAP for aerial view. Location is important in owning homes and equally important in renting them.
518 Catherine Street is a two bedroom two bath single story Conch Style house with a nice pool. It is priced at $669,000 or $656 per sq ft. This is how the listing Realtor describes this property:
"Transient licensed Conch home located in the heart of Old Town. Lovely front porch and secluded new pool offer low maintenance outdoor living. Enjoy an open, airy floor plan with cathedral ceilings totaling 2 bedrooms & 2 baths. Great rental income producing property, with strong history and all future bookings to convey. Walk to famous Duval Street attractions, the Southernmost Point and area beaches."
CLICK HERE to review the mls listing information on this property and to view photos. The pool is described by the listing Realtor as a cocktail pool-meaning it isn't all that large. But it works!
Returning visitors will like the location near upper Duval Street. Night time is a lot more quiet on the upper end. There are lots of good restaurants, art galleries, and a few waterholes nearby. South Beach is an easy stroll and Flamingo Crossing is two minutes away for that late night ice cream attack.
If you would like to see 518 Catherine Street or any other property in Key West, please contact me, Gary Thomas, 305-766-2642. I am a full time Realtor at Preferred Properties Coastal Realty, Inc. in Key West, Florida. Our office is the Lower Florida Keys Exclusive Affiliate of Christie's Great Estates. Don't dream forever. You get one shot at life.