$2,100,000
Key West, FL 33040
MLS# 116023
Status: Closed
1 / 13
Property Description
Built in 1889 as an opulent single family home with wide verandah porches both street and poolside, this beautiful 11-unit guesthouse has all 11 licenses approved by the City (and paid for) pending the completion of one ADA compliant room, currently under const. Converted to a guesthouse in 1991, and completely renovated in 1996, with a beautiful private pool and spa area framed with a shaded arbor featuring classic tile mosaics and a large breakfast room, the Coral Tree Inn can stand alone. The property can also be purchased with 815-823 Fleming St., the Oasis and Coconut Grove, which would be a total of 47 rooms/suites for $9,950,000. Assumable loan to qualified buyers. Huge upside: increase average occ rt from 41% to avg KW 82%.
Details
Contract Information
Current Price: $2,100,000
Listing Date: 2012-02-02
Listing Board: Key West Association
Leased Price Monthly: $2,100,000
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 #: 822
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: 48'x82'
Lot SqFt: 3936
Waterfront: No
Business Name: Coral Tree Inn
Year Established: 1991-01-01
Building SqFt: 5508
Total Units: 11
Year Built: 1913
Association Info
Mandatory Home Owners Asc: No
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Under Contract Date: 2012-12-26
Leased Date: 2012-12-28
Leased Price Monthly: $2,100,000
Status: Closed
Property Features
Deed Restrictions: Unknown
License Info: 2-Cop (Beer & Wine)
Type: Hotel/Motel; Other Services
Dockage: None
Cooling: Ceiling Fans(s); Wall/Window Unit(s)
Utilities: FKAA; Municipal Sewer
Miscellaneous: Fencing; High Visibility; Hot Tub; Lobby; Manager on Premises; Patio; Pool; Sprinkler System; Utility Building
Construction: Frame
Land Size: Less Than 1/4 Acre
Terms: Assumable-Qualify; Owner Consider 2nd; Seller Finance Psble
Property Rights: Beverage License; Transient License
Listing Office: At Home in Key West, Inc.
Last Updated: September - 09 - 2024
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.