2103 Marina Villa Drive

    Duck Key, FL 33050
    • $515,000
    • STATUS: Active
    • ON SITE: 67 days
    • MLS #: 586829
    UPDATED: 63 min ago
    $515,000
    • 2
      BEDS
    • N/A
      ACRES
    • 2
      BATHS
    • 0
      1/2 BATHS
    • 900
      SQFT
    • $572
      $/SQFT
    Neighborhood:
    Type:
    Villa/Townhouse
    Built:
    2007
    County:

    School Ratings & Info

    Description

    This Luxury Villa offers open water views and beautiful sunsets. Located in the resort community on Duck Key this villa comes fully furnished as a turn key vacation rental. Enjoy the income to offset your expenses while playing in the Florida Keys. Walk to dining, jump on a fishing excursion, take a walk on the bridge or visit the dolphins at Hawks Cay Resort. Located in the heart of the keys there are lots of things to do and enjoy during your stay. This Villa Cash Flows. Ask listing agent for details. See Remarks for more information about VACASA vs Hawks Cay Rental Program.Updated booking details available upon request. Vacasa Link to cut and paste into your browser to access the online booking site https://www.vacasa.com/unit/16052 Note: The Hawks Cay Resort has a Rental Management program of their own, and if a unit-owner signed up to participate in "their" rental program instead of the VACASA rental program, then both the renters and the owner can utilize all of the Resort amenities... However, that comes at a cost. The Resort rental management program takes @ 58% of the rent, leaving the unit owner only 42% net, not to mention "free non-renters" that the Resort sticks in there for "promotional perks" to users of their choice on occasion for which the unit owner gets zero... VACASA's fee is 25% (i.e. 75% in the unit owner's pocket). The NET to the Owner's pocket is way more with VACASA than with the Resort Rental Management program, and THAT is what is more important to this Seller. With the exception of the Resort pools, the remaining amenities are available to the general public (restaurants, dock rental, tennis, beauty spa, etc.) for a fee, and thereby the same is available (for a fee) to our VACASA guests. There is quite a market for tenants who have something else on their minds in the Keys than a swimming pool. Also, keep in mind many of the resorts and those with restaurants and bars welcome the public to use their pools. A Buyer could opt to go back to the Hawks Cay Resort program if they see a greater benefit. For the most part, the Association fees ($503 per month) go to maintenance, upkeep, and repair of "common", Association-owned assets (landscaping, parking areas, etc.). Our unit is a fee-simple townhouse (not a condo). Other expenses: Water/sewer/garbage  @ $90  145 (low-high - monthly) Electric  $75-168 (low-high  monthly) Flood ($888), Wind ($2934), and (all other) Hazard Insurance ($875)  annually Property tax  2018-19 - $4177 annually Year to date, VACASA income (7 months - January thru July, 2019) has been $23,893 thus far. We currently have 20 advance reservations going forward for @ $17,728 in future-booked, pending rents as of today, August 27th, 2019.

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    The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Key West Luxury Real Estate Inc are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
    www.keywestluxuryrealestateinc.com/homes/97638839

    2103 Marina Villa Drive Duck Key, FL 33050

    • Price: $515,000
    • Status: Active
    • Updated: 63 min ago
    • MLS #: 586829
    2
    Beds
    2
    Baths
    0
    ½ Baths
    N/A
    Acres
    900
    SQFT
    $572
    $/SQFT
    2007
    Built
    Neighborhood:
    Duck Key (61.0)
    County:
    Monroe
    Area:
    20 - Duck Key, Coral Key, Conch Key
    Property Description
    This Luxury Villa offers open water views and beautiful sunsets. Located in the resort community on Duck Key this villa comes fully furnished as a turn key vacation rental. Enjoy the income to offset your expenses while playing in the Florida Keys. Walk to dining, jump on a fishing excursion, take a walk on the bridge or visit the dolphins at Hawks Cay Resort. Located in the heart of the keys there are lots of things to do and enjoy during your stay. This Villa Cash Flows. Ask listing agent for details. See Remarks for more information about VACASA vs Hawks Cay Rental Program.Updated booking details available upon request. Vacasa Link to cut and paste into your browser to access the online booking site https://www.vacasa.com/unit/16052 Note: The Hawks Cay Resort has a Rental Management program of their own, and if a unit-owner signed up to participate in "their" rental program instead of the VACASA rental program, then both the renters and the owner can utilize all of the Resort amenities... However, that comes at a cost. The Resort rental management program takes @ 58% of the rent, leaving the unit owner only 42% net, not to mention "free non-renters" that the Resort sticks in there for "promotional perks" to users of their choice on occasion for which the unit owner gets zero... VACASA's fee is 25% (i.e. 75% in the unit owner's pocket). The NET to the Owner's pocket is way more with VACASA than with the Resort Rental Management program, and THAT is what is more important to this Seller. With the exception of the Resort pools, the remaining amenities are available to the general public (restaurants, dock rental, tennis, beauty spa, etc.) for a fee, and thereby the same is available (for a fee) to our VACASA guests. There is quite a market for tenants who have something else on their minds in the Keys than a swimming pool. Also, keep in mind many of the resorts and those with restaurants and bars welcome the public to use their pools. A Buyer could opt to go back to the Hawks Cay Resort program if they see a greater benefit. For the most part, the Association fees ($503 per month) go to maintenance, upkeep, and repair of "common", Association-owned assets (landscaping, parking areas, etc.). Our unit is a fee-simple townhouse (not a condo). Other expenses: Water/sewer/garbage  @ $90  145 (low-high - monthly) Electric  $75-168 (low-high  monthly) Flood ($888), Wind ($2934), and (all other) Hazard Insurance ($875)  annually Property tax  2018-19 - $4177 annually Year to date, VACASA income (7 months - January thru July, 2019) has been $23,893 thus far. We currently have 20 advance reservations going forward for @ $17,728 in future-booked, pending rents as of today, August 27th, 2019.
    Exterior Features

    Above Flood Unknown Building Style Townhouse Construction Frame Dockage Other Dockage Exterior Features Sandy Beach Land Size Less Than 1/4 Acre Pool YN No Porch Balcony Open Porch/Balcony Roof Metal Roof Shutters Panel Side Ocean Style Townhouse Vehicle Storage Guest ParkingOpen Parking Waterfront OceanfrontOpen Water Waterfront YN Yes Waterview Ocean ViewOpen Water View

    Interior Features

    Appliances DisposalDryerMicrowaveRangeRefrigeratorStainless Steel ApplWasher Cooling Heating Ceiling FansCentral A/C Floor CarpetTile Floor Furnished Furnished Interior Features Drapes/Blinds InclGranite Counter TopSmoke AlarmsWalk-In Closet Pre Wired Cable Windows Doors Double Hung WindowsSliding Glass Doors

    Property Features

    Assoc Fee 503.00 Assoc Hoa YN Yes Assoc Maint Fee Per Monthly Assoc Maintenance Fee 503.00 Assoc Right Of Refusal Yes Bank Owned No Bank Owned Financial Status No City Duck Condition Updated/Remodeled Condo Unit Complex Complex Control Depth 0 Deed Restrictions Yes Fee Includes Common Area MntExterminatingOther Key West Neighborhood Outside Of Key West Listing Board Marathon/Lower Keys Mile Marker 61.00 Min Rental Days 2.00 Neighborhood Features AirstripBeachBike PathsCommunity Boat RampCommunity PoolFire HydrantSpa Pets With Restrictions Yes Potential Short Sale No Potential Short Sale Financial Status No Public Sewer Hookup Yes Rentals Allowed Yes Security Patrolled Area Sq Ft Source Seller Tax Exemptions None Tax Year 2019 Taxes 4935.00 Terms CashConventionalFhaVa Title Negotiable Utilities Cable AvailableElect Separate MeterFkaaMunicipal SewerWater Separate Meter Zoning Dr - Destination Resort District

    Listing courtesy of Gidget Jackson of Re/Max Realty Group Llc.


    The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Key West Luxury Real Estate Inc are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
     
    Key West Luxury Real Estate Inc
    619 Eaton Street, #2
    Key West FL, 33040