1211 Overseas, Big Coppitt, FL 33040
$4,600,000
Property Type:
Commercial
Lot Size (sq. ft.):
23,522
Status:
Closed
Current Price:
$4,600,000
List Date:
10/19/2001
Last Modified:
9/09/2024
Description
Lush Tropical Landscaping accents this 40 unit waterfront resort. Over 600 ft. of prime US-1 frontage just 7 miles from Key West. High traffic location with long established repeat clientele. Excellent financials. While most keys resorts suffered greatly from 9/11 this property showed a much smaller decrease than average. This years financials show a strong increase in revenue to near pre 9/11
Supplements: levels. This property is impecibly maintained and operated. There are several undeveloped possibilities of additional revenue . This property is a must see if your looking for a Florida Keys motel where the financials and condition of the property justify the sales price . Appraised September 2003 for $ 4,900,000.00
More Information MLS# 509047
Contract Information
Current Price: $4,600,000
Listing Date: 2001-10-19
Listing Board: Florida Keys
Sold Price: $4,600,000
Range Pricing: No
Limited Representation: Yes
As is Rght to Inspct: Yes
Location Tax Legal
Street #: 1211
Street Name: Overseas
Key/Island: Big Coppitt
State/Province: FL
Zip Code: 33040
Subdivision: Gulf View (10.0)
County: Monroe
Area: 05 - Stock Island to Shark Key
General Property Description
Realtor.COM Type: Rental
Style: Commercial
Lot SqFt: 23522
Waterfront: Yes
Control Depth: 3
Business Name: CARIBBEAN VILLAGE
Total Units: 40
Year Built: 84
Status Change Info
Sold Date: 2004-12-18
Sold Price: $4,600,000
Status: Closed
Property Features
Deed Restrictions: No
Property Info: License Included
Type: Apartment 3 or more; Hotel/Motel; Marina
Waterfront: Bay Front
Waterview: Bay/Gulf View; Canal View
Dockage: Boat Ramp
Vehicle Storage: Guest Parking
Cooling: Ceiling Fans(s); Central Air; Wall/Window Unit(s)
Utilities: FKAA; Individual Swr Plant
Interior Features: Laundry Room
Appliances: Dryer; Range; Refrigerator; Washer
Miscellaneous: Chickee Hut; Manager on Premises
Construction: CBS; Frame; Other
Electric: 220 Volt; Circuit Breakers; Three Phase
Floor: Carpet; Combo; Wood
Roof: Tin Roof
Land Size: 2 Less Than 5 Acres
Fee Includes: None
Terms: Seller Finance Psble
Listing Office: Exit Realty Florida Keys TAV
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.