$6,450,000
Marathon, FL 33050
MLS# 577031
Status: Closed
26 beds | 16.4 baths
1 / 51
Property Description
Beautiful oceanfront hotel with 11 large 2, 3, and 4 bedroom units (average of 1,125 square feet each) and 27 additional transient rental licenses on 2.75 acres. In 2017 the entire interior (and most of the exterior) was painted and the furnishings replaced. New AC and elevator. There are 3 pools, a dock, parking (some covered), 550 lineal feet of oceanfront and direct access from US 1. Being sold As Is this is one of those rare opportunities to do some developing in the Florida Keys and MU zoning allows for many uses including Retail, Restaurant, Recreational, Apartments, Vacation Rentals and more. Hotel is also perfect for a quick condominiumization as each unit is metered separately!
Details
Maps
Contract Information
Current Price: $6,450,000
Listing Date: 2017-10-09
Listing Board: Key West Association
Leased Price Monthly: $6,450,000
Limited Representation: No
As is Rght to Inspct: Yes
For Sale/Lease: For Sale
Potential Short Sale: No
Bank Owned: No
Location, Tax & Legal
Street #: 58182
Street Name: Overseas
Street Suffix: Highway
Key/Island: Marathon
State/Province: FL
Zip Code: 33050
Subdivision: Grassy Key (58.9)
County: Monroe
Area: 19 - Crawl Key & Grassy Key
General Property Description
Realtor.COM Type: Commercial
Style: Commercial
Lot SqFt: 119835
Waterfront: Yes
Control Depth: 3
Business Name: La Te Da by the Sea
Year Established: 2017-01-01
# Parking Spaces: 70
# Stories: 3
Building Ht. Ft.: 35
Total # Buildings: 3
Building SqFt: 13586
SqFt Source: Property Data Card
Total Units: 38
Year Built: 2000
Total Bedrooms: 26
Full Baths: 16
Half Baths: 4
Total Baths: 16.4
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
License Info
# of Transient Licns: 38
Property Info
# Kitchens: 11
# Refrigerators: 11
# Range/Ovens: 11
# Dishwashers: 11
2 Bed/Bath: 8
3 Bed/Bath: 2
4 Bed/Bath: 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Under Contract Date: 2018-09-10
Leased Date: 2018-09-18
Leased Price Monthly: $6,450,000
Status: Closed
Property Features
Deed Restrictions: Unknown
Type: Bar; Grocery/Convenience; Hotel/Motel; Mobile Home Park; Restaurant; Retail
Waterfront: Oceanfront; Open Water
Waterview: Ocean View; Open Water View
Dockage: None
Vehicle Storage: Covered Parking; Guest Parking; Off Street Parking
Cooling: Ceiling Fans(s); Central Air
Utilities: FKAA; Municipal Sewer
Interior Features: Drapes/Blinds Incl; Furnished; Laundry Room; Split Bedroom; Window Treatments
Appliances: Dishwasher; Range; Refrigerator
Miscellaneous: Elevator; High Traffc Location; High Visibility; Highway Frontage; Open Water View; Pool; Residence on Premise
Construction: CBS
Shutters: Accordion
Floor: Tile
Roof: Concrete Roof
Land Size: 2 Less Than 5 Acres
Fee Includes: None
Terms: No Seller Finance
Property Rights: Transient License
Supplements
The recently constructed (2000) elevated 10-unit suite hotel (made up of 8 two bedroom rooms and 2 three bedroom rooms for a total of 22 bedrooms) plus a 4 bedroom 2 bath oceanfront home. The large property has an in-ground pool, 195 ft. of beach overlooking the Atlantic Ocean, separate office, laundry room, manager's apartment, elevator, and covered parking. Some of the photos are pre-Irma and the name La Te Da by the Sea does not convey.
Listing Office: Berkshire Hathaway HomeServices Knight & Gardner Realty
Last Updated: September - 10 - 2024
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