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99490 Overseas Highway, Key Largo, FL 33037

$13,000,000
Property Type: Commercial Bedrooms: 56 Baths: 60 Square Footage: 2,000 Lot Size (sq. ft.): 104,979 Status: Closed
Current Price: $13,000,000 List Date: 5/01/2018 Last Modified: 9/10/2024

Description

Florida Keys Bayfront 56 unit hotel featuring magnificent sunsets, a sandy beach, pool, fitness center, and dockage and jettys. The resort is of CBS and twin ''T'' construction with tin roofs, accordian shutters, elevator and fire hydrants on each floor. There is a Sushi Thai leased mo. to mo. for $3,952. Centrally located in Key Largo, the dive capital of the world. Walking distance to numerous restaurants & Tiki bars as well as fishing charter/dive boats going to John Pennekamp Coral Reef State Park. Possible expansion of 54 hotel units to 54 one bedroom suites subject to Monroe County approval. All prospects must sign and strictly respect the confidentiality/non-disclosure agreement. Site visits will only be allowed upon buyer qualification and require the listing agent's presence.

Supplements: The concrete construction, X flood zone, and solid rock foundation stood strong during last years hurricane Irma. The motel stayed open continually housing FEMA employees and many residents.

More Information MLS# 579966

Contract Information

Current Price: $13,000,000 Listing Date: 2018-04-27 Listing Board: Florida Keys Sold Price: $13,000,000 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 #: 99490 Street Name: Overseas Street Suffix: Highway Key/Island: Key Largo State/Province: FL Zip Code: 33037 Subdivision: Sunset Cove (99.5) County: Monroe Area: 27 - Key Largo MM 97-107

General Property Description

Realtor.COM Type: Commercial Style: Commercial Lot SqFt: 104979 Waterfront: Yes Control Depth: 4 Business Name: Bayside Resort Year Established: 2001-01-01 Off Street Parking: Yes # Stories: 3 Total # Buildings: 4 Building SqFt: 22502 SqFt Source: Tax Records Living Apx SqFt: 2000 Year Built: 2000 Total Bedrooms: 56 Full Baths: 60 Total Baths: 60

Status Change Info

Sold Date: 2018-10-24 Sold Price: $13,000,000 Status: Closed

License Info

# of County License: 2 # of Transient Licns: 56

Association Info

Mandatory Home Owners Asc: No 1st Right of Refusal: No

Misc Property Info

Recorded Plat: Yes

Property Info

1 Bed/Bath: 56

Dockage

Dock: Concrete Seawall: Concrete

Financial Status

Bank Owned: No Potential Short Sale: No

Property Features

Deed Restrictions: No License Info: 2-Cop (Beer & Wine) Type: Hotel/Motel; Restaurant Waterfront: Bay Front Waterview: Bay/Gulf View Vehicle Storage: Off Street Parking Cooling: Central Air; Heat Pump Utilities: Community Swr Plant; FKAA Interior Features: Furnished Appliances: Range; Refrigerator Miscellaneous: Elevator; Fencing; Handicap Access; High Traffc Location; High Visibility; Highway Frontage; Lobby; Open Water View; Pool; Security System Construction: CBS Electric: 220 Volt Shutters: Accordion Floor: Concrete Roof: Tin Roof Land Size: 2 Less Than 5 Acres Fee Includes: None Terms: Buyer Obtain Finance; No Seller Finance Title: Title Ins - Buyer Property Rights: Beverage License; Boat Slip Lease; Transient License
Listing Office: Cornell Commercial Real Estate, Inc.
Last Updated: September - 10 - 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.

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