$7,200,000
Key West, FL 33040
MLS# 116025
Status: Closed
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Property Description
This listing is for 2 beautiful guesthouses, Coconut Grove (815 Fleming), with 16 rentable fully licensed units, and the Oasis (entrance at 823 Fleming, plus 420 Margaret, and 2 Lopez Ln.), with 20 rentable units. The two properties are currently configured as one large guesthouse compound with seven buildings, three pools, two spa hot tubs (one seats 24). The lush tropical landscaping, with hundreds of orchids, is among the finest in Old Town. Converted from 2 mansions and 4 cottages to guesthouses in 1978, the Oasis was renovated in 1997, and Coconut Grove in 2006 by designer Zeke Fernandez, with upscale furnishings and fine art. Assumable loan to qualified buyers. Huge upside: increase occ rt of 41% to the avg 82% in KW.
Details
Maps
Contract Information
Current Price: $7,200,000
Listing Date: 2012-02-02
Listing Board: Key West Association
Leased Price Monthly: $7,200,000
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 #: 815
Street Name: Fleming
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
Subdivision: Old Town - Unlisted (1.0)
Area: 01 - Key West
General Property Description
Realtor.COM Type: Commercial
Style: Commercial
Lot Size: 87.5'x117.33'
Lot SqFt: 24197
Waterfront: No
Business Name: Coconut Grove Guesth
Year Established: 1978-01-01
Building SqFt: 13023
Total Units: 36
Year Built: 1933
Association Info
Mandatory Home Owners Asc: No
License Info
# of Transient Licns: 3
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Under Contract Date: 2012-10-19
Leased Date: 2012-11-15
Leased Price Monthly: $7,200,000
Status: Closed
Property Features
Deed Restrictions: Unknown
License Info: 2-Cop (Beer & Wine); Non Trans Rntl Lic
Type: Hotel/Motel; Other Services
Dockage: None
Cooling: Wall/Window Unit(s)
Utilities: FKAA; Municipal Sewer
Miscellaneous: Fencing; Hot Tub; Lobby; Manager on Premises; Patio; Pool; Security System; Sprinkler System
Construction: Frame
Land Size: 1/2 - Less Than 1 AC
Property Rights: Beverage License; Transient License
Listing Office: At Home in Key West, Inc.
Last Updated: September - 09 - 2024
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