530 Catherine Street, Key West - Transient Licensed Money Machine

 

Just listed, but not by me, 530 Catherine Street, Key West. The listing Realtor describes the property this way:

"Say hello to this TRANSIENT vacation rental just steps off Duval Street! Fully renovated from top to bottom, this low maintenance home has 2 of the 3 bedrooms on the first floor. All have ensuite baths. Beautifully furnished, this fabulous investment property is fully rented through May 2022! The home features an open floor plan with seating for 6 at the spacious kitchen island and a living area that opens to a comfortable covered lanai. Enjoy a beautiful heated pool with the convenience of an outside pool bath. The outdoor area affords plenty of space for sunning and dining. Round out this money-maker ($200K +) with a designated parking space, and you've got a winner!"

You enter the house from the new side addition instead of the front porch which is now a private sitting area for the front bedroom with en-suite bath. There is another first floor bedroom and bath located at the right rear. That bedroom opens out to the pool. The stairway leads to the third bedroom with private bath on the second floor. That bedroom is more spacious than the photo suggests.

The informal inside living area transitions to the very informal outside living area. There is a poolside bath. It is, however, the open sky and swaying palms that will captivate your paying guests.

This property has everything a buyer seeking a true money making property could wish for: a transient rental license; a new renovated house in great condition; a comfortable interior with three private bedrooms and baths; a stunning pool area with no peering views; an off street parking space; and a location near all of the hoopla of Old Town without being on top of it.

Duval Street is less than one block to the west. La Te Da is located on the corner in case you have an urge for a cocktail. South Beach is located three blocks to the south. They have cocktails there, too. Actually, there are cocktails from the Gulf of Mexico to the Atlantic Ocean and each block in between. And a lot more.

CLICK HERE to view the Key West MLS datasheet and more listing photos of 530 Catherine Street, Key West which is offered for sale at $2,600,000. Then please call or text Gary Thomas, 305-766-2642, to arrange a private showing. This property is constantly rented and showing dates and times are limited. I am a buyers agent and a full time Realtor at Preferred Properties Key West.

UPDATE JULY 25, 2021. This property sold for $2,525,0000 cash or $1,848 per sq ft. Sold in 11 days.