107900 Overseas Highway, Key Largo, FL 33037
$11,200,000
Property Type:
Commercial
Lot Size (sq. ft.):
180,773
Status:
Closed
Current Price:
$11,200,000
List Date:
4/01/2014
Last Modified:
9/10/2024
Description
Amazing 4 acre Keys Resort! Gilbert's is the perfect getaway and only a 45 minute drive from Miami. 38 hotel rooms, 38 deeded boat slips + 680' dockage on deep water Intercostal Waterway. 4,600 sq ft 160 seat restaurant, Spectacular 6,000 sq ft+ outdoor TIKI rest/bar w/280 seats, & separate 1,500' Tiki Bar on beach. Liquor lic. incl. Beautiful beach, marina, dock office, front desk, pool, 8,000 gal fuel, boat ramp. Transient lic'd. Private entry to US-1. Developmental rights to 38 1-bed hotel available. Operate as-is or remodel to new hotel or condo. Potential owner financing.
More Information MLS# 119608
Contract Information
Listing Board: Key West Association
Limited Representation: No
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
For Sale/Lease: For Sale
Species List: Yes
Current Price: $11,200,000
Listing Date: 2014-04-01
Sold Price: $11,200,000
Location, Tax & Legal
KW Neighborhood: Outside of Key West
City: KEY LARGO
Mile Marker: 107
Side: Bay/Gulf
Alternate Key #: 1092410
Parcel #: 00083770-000000
Bldg Nbr: 0
Zoning: SC - Sub Urban Commercial District
Taxes: 53249
Tax Year: 2013
Street #: 107900
Street Name: Overseas
Street Suffix: Highway
Key/Island: Key Largo
State/Province: FL
Zip Code: 33037
Subdivision: Key Largo City Garden Cove (106.0)
County: Monroe
Area: 27 - Key Largo MM 97-107
General Property Description
Realtor.COM Type: Commercial
Waterfront: Yes
Control Depth: 8
Lot SqFt: 180773
Business Name: Gilbert's Restort
Total Units: 38
Year Established: 1967-01-01
# Parking Spaces: 0
# Stories: 0
Building Ht. Ft.: 0
Total # Buildings: 0
Building SqFt: 19330
Style: Commercial
Year Built: 1967
Remarks & Misc
Remarks – Consumer: Amazing 4 acre Keys Resort! Gilbert's is the perfect getaway and only a 45 minute drive from Miami. 38 hotel rooms, 38 deeded boat slips + 680' dockage on deep water Intercostal Waterway. 4,600 sq ft 160 seat restaurant, Spectacular 6,000 sq ft+ outdoor TIKI rest/bar w/280 seats, & separate 1,500' Tiki Bar on beach. Liquor lic. incl. Beautiful beach, marina, dock office, front desk, pool, 8,000 gal fuel, boat ramp. Transient lic'd. Private entry to US-1. Developmental rights to 38 1-bed hotel available. Operate as-is or remodel to new hotel or condo. Potential owner financing.
Deed Restrictions
Unknown: 1
Association Info
Mandatory Home Owners Asc: No
Association Fee $: 0
License Info
# of Transient Licns: 2
Non Trans Rntl Lic: 1
SRX (Non-Transferab): 1
Type
Hotel/Motel: 1
Marina: 1
Office Buildings: 1
Restaurant: 1
Other Services: 1
Dockage
Dock: Other
Boat Slip: 1
Seawall: Other
Other Dockage: 1
Property Info
Gross Annual Expense: 0
NOI: 0
Cooling
Ceiling Fans(s): 1
Heat: 1
Heat Pump: 1
Wall/Window Unit(s): 1
Waterfront
Bay Front: 1
Gulf Front: 1
Open Water: 1
Waterview
Bay/Gulf View: 1
Open Water View: 1
Floor
Combo: 1
Concrete: 1
Tile: 1
Wood: 1
Interior Features
Laundry Room: 1
Windows/Doors
Aluminum Windows: 1
Single Hung Windows: 1
Vehicle Storage
Off Street Parking: 1
Construction
CBS: 1
Combo Construction: 1
Concrete: 1
Frame: 1
Other: 1
Land Size
2 Less Than 5 Acres: 1
Terms
Seller Finance Psble: 1
Utilities
Community Swr Plant: 1
FKAA: 1
Individual Swr Plant: 1
Separate Meters: 1
Sewer Available: 1
Title
Negotiable: 1
Property Rights
Beverage License: 1
Miscellaneous
Chickee Hut: 1
High Traffc Location: 1
High Visibility: 1
Highway Frontage: 1
Manager on Premises: 1
Open Water View: 1
Pool: 1
Residence on Premise: 1
Storage: 1
Roof
Combo Roof: 1
Concrete Roof: 1
Shake Roof: 1
Shingle Roof: 1
Tar/Gravel Roof: 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Sold Date: 2014-08-28
Sold Price: $11,200,000
Status: Closed
Property Features
Deed Restrictions: Unknown
License Info: Non Trans Rntl Lic; SRX (Non-Transferab)
Type: Hotel/Motel; Marina; Office Buildings; Restaurant; Other Services
Waterfront: Bay Front; Gulf Front; Open Water
Waterview: Bay/Gulf View; Open Water View
Dockage: Boat Slip; Other Dockage
Vehicle Storage: Off Street Parking
Cooling: Ceiling Fans(s); Heat; Heat Pump; Wall/Window Unit(s)
Utilities: Community Swr Plant; FKAA; Individual Swr Plant; Separate Meters; Sewer Available
Interior Features: Laundry Room
Miscellaneous: Chickee Hut; High Traffc Location; High Visibility; Highway Frontage; Manager on Premises; Open Water View; Pool; Residence on Premise; Storage
Construction: CBS; Combo Construction; Concrete; Frame; Other
Floor: Combo; Concrete; Tile; Wood
Roof: Combo Roof; Concrete Roof; Shake Roof; Shingle Roof; Tar/Gravel Roof
Land Size: 2 Less Than 5 Acres
Terms: Seller Finance Psble
Title: Negotiable
Property Rights: Beverage License
Listing Office:
Royal Palms Realty (KW)
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.