5700 Laurel Avenue, Key West, FL 33040
$8,500,000
Property Type:
Commercial Sale
Lot Size (sq. ft.):
286,595
Status:
Closed
Current Price:
$8,500,000
List Date:
3/16/2017
Last Modified:
9/09/2024
Description
Development Rights Determination letter dated 09/12/16 indicated 53 permanent and 8 transient residential units plus 672 sq ft of commercial floor area. Redevopment allows for all permanent residential units can be rebuilt subject to current setbacks, parking, open space etc regulations. 30% of redeveloped units to be deed restricted Affordable.
More Information MLS# 574769
Contract Information
Current Price: $8,500,000
Listing Date: 2017-03-16
Listing Board: Marathon/Lower Keys
Sold Price: $8,500,000
Limited Representation: No
As is Rght to Inspct: Yes
For Sale/Lease: For Sale
Potential Short Sale: No
Bank Owned: No
Species List: No
Location Tax Legal
Street #: 5700
Street Name: Laurel
Street Suffix: Avenue
Key/Island: Key West
State/Province: FL
Zip Code: 33040
Subdivision: W C Maloney Diagram (2.0)
County: Monroe
Area: 01 - Key West
General Property Description
Realtor.COM Type: Multi-Family
Style: Commercial
Lot Size: 3.24AC+/- Upland and 3.34 AC +/- Baybottom
Lot SqFt: 286595
Waterfront: Yes
Control Depth: 3
Building SqFt: 14255
SqFt Source: Tax Records
Year Built: 1959
Status Change Info
Under Contract Date: 2017-08-25
Sold Date: 2018-01-17
Sold Price: $8,500,000
Status: Closed
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Financial Status
Bank Owned: No
Potential Short Sale: No
Property Features
Type: Mobile Home Park
Waterfront: Oceanfront
Waterview: Ocean View
Dockage: Other Dockage
Utilities: FKAA; Municipal Sewer
Appliances: No Appliances
Construction: Other
Land Size: 5 Less Than 10 Acres
Fee Includes: None
Listing Office: Coldwell Banker Schmitt Real Estate Co.
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.