$2,600,000
Key West, FL 33040
MLS# 608224
Status: Closed
6 beds | 5 baths | 2430 sqft
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Property Description
Tap into the lucrative Key West tourism market and capitalize on the potential for increased revenue. Embrace the timeless charm of the 50's through 70's motel era by owning your unique vintage motel, complete with four Transient Licenses. Situated conveniently in the heart of old town, your patrons can relish in the nostalgia of simpler times while having easy access to all the attractions. The property, currently utilized for long-term rentals, requires some work to transform it into a successful business venture. However, all the essential elements are in place, ensuring a prompt startup. Buyers are advised to conduct due diligence to verify property rights. As the property is currently occupied by tenants, please refrain from disturbing them and arrange viewings accompanied by the listing agent.
Details
Maps
Documents
Contract Information
Current Price: $2,600,000
Listing Date: 2024-01-17
Listing Board: Key West Association
Leased Price Monthly: $2,600,000
As is Rght to Inspct: Yes
Location, Tax & Legal
Street #: 719
Street Name: South
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
County: Monroe
Subdivision: Old Town - Unlisted (1.0)
Area: 02 - Key West
General Property Description
Realtor.COM Type: Multi-family
Style: Multi-Units
Waterfront: No
Pool: No
Year Built: 1958
Lot SqFt: 6000
Lot Sqft Source: Property Data Card
Acres: 0.14
Living Apx SqFt: 2430
SqFt Source: Property Data Card
Total Bedrooms: 6
Full Baths: 5
Total Baths: 5
Rentals Allowed: Yes
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
License Info
Transient Rntl Licns: Yes
Building Style
Above Flood: No
# Stories: 2 Stories
Status Change Info
Under Contract Date: 2024-02-09
Leased Date: 2024-02-23
Leased Price Monthly: $2,600,000
Status: Closed
Property Features
Fee Includes: None
Tax Exemptions: None
Waterfront: None
Waterview: No Waterview
Dockage: None
Building Style: Ground Level
Vehicle Storage: Off Street Parking
Utilities: Buyer to Verify; Elect Separate Meter; FKAA; Municipal Sewer
Specialty Rooms: Laundry Room
Appliances: Range; Refrigerator
Construction: CBS
Pets: Pets Allowed
Land Size: Less Than 1/4 Acre
Transient Licenses 
Listing Office: Berkshire Hathaway HomeServices Knight & Gardner Realty
Last Updated: April - 30 - 2025
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.