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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

Overview

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

Listing Details MLS# 509047

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
City
Big Coppitt
Mile Marker
10.5
Side
Bay/Gulf
Alternate Key #
1154717
Parcel #
00121050-000000
Zoning
SC - Sub Urban Commercial District
Legal
22 67 26 AA67622-07 BIG COPPITT KEY PT LOT 1 OR505-632 OR844-1155/1156 OR891-223/225 OR913-203
Taxes
7800
Tax Year
2000

Contract Information

Listing Board
Florida Keys
Range Pricing
No
Limited Representation
Yes
As is Rght to Inspct
Yes

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
# Stories
0
Building Ht. Ft.
0
Total # Buildings
0
Building SqFt
0

Status Change Info

Sold Date
2004-12-18

Remarks & Misc

Remarks – Consumer
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
Directions
Bayside on U.S.-1 at mile marker 10.75

Deed Restrictions

No
Yes

More Information

Type

Apartment 3 or more
Yes
Hotel/Motel
Yes
Marina
Yes

Fee Includes

None
Yes

Dockage

Boat Ramp
Yes

Appliances

Dryer
Yes
Range
Yes
Refrigerator
Yes
Washer
Yes

Property Info

License Included
Yes

Cooling

Ceiling Fans(s)
Yes
Central Air
Yes
Wall/Window Unit(s)
Yes

Waterfront

Bay Front
Yes

Electric

220 Volt
Yes
Circuit Breakers
Yes
Three Phase
Yes

Waterview

Bay/Gulf View
Yes
Canal View
Yes

Floor

Carpet
Yes
Combo
Yes
Wood
Yes

Interior Features

Laundry Room
Yes

Windows/Doors

Double Hung Windows
Yes
French Doors
Yes
Jalousie Windows
Yes
Sliding Glass Doors
Yes

Vehicle Storage

Guest Parking
Yes

Construction

CBS
Yes
Frame
Yes
Other
Yes

Land Size

2 Less Than 5 Acres
Yes

Terms

Seller Finance Psble
Yes

Utilities

FKAA
Yes
Individual Swr Plant
Yes

Miscellaneous

Chickee Hut
Yes
Manager on Premises
Yes

Roof

Tin Roof
Yes

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.