822 Fleming Street, Key West, FL 33040
$2,100,000
Property Type:
Commercial Sale
Lot Size (sq. ft.):
3,936
Status:
Closed
Current Price:
$2,100,000
List Date:
2/02/2012
Last Modified:
9/09/2024
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%.
More Information MLS# 116023
Contract Information
Current Price: $2,100,000
Listing Date: 2012-02-02
Listing Board: Key West Association
Sold Price: $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
Status Change Info
Under Contract Date: 2012-12-26
Sold Date: 2012-12-28
Sold Price: $2,100,000
Status: Closed
Association Info
Mandatory Home Owners Asc: No
Financial Status
Bank Owned: No
Potential Short Sale: No
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
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