136 Madeira Road, Upper Matecumbe Key Islamorada, FL 33036
$5,250,000
Property Type:
Commercial
Bedrooms:
16
Baths:
16
Square Footage:
9,082
Lot Size (sq. ft.):
67,500
Status:
Closed
Current Price:
$5,250,000
List Date:
11/22/2013
Last Modified:
9/10/2024
Description
A boutique hotel situated on the aqua blue waters of Florida Bay will transport your guests to the world of relaxation and tranquility. Celebrating Sunsets Dailey! 16 existing hotel rooms are featured in two buildings - Sea View and Garden View. Potential to add 2 more units with site plan approvals and permit application already submitted to The Village of Islamorada.
Supplements: Building 1 - Garden View - built originally in 1958 - features 11 units that have been recently refurbished with updates. Building 2 - Sea View - built originally in 1950 - features 5 units that have been recently refurbished with updates. As you approach the waterfront a classic Bridge over the basin and dockage area you are lead to the Gazebo and Boathouse. The boat basin accomodates 15 boats up to 25 ft. in length.
More Information MLS# 559459
Contract Information
Listing Board: Florida Keys
Limited Representation: No
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
For Sale/Lease: For Sale
Species List: No
Current Price: $5,250,000
Listing Date: 2012-11-12
Sold Price: $5,250,000
Location, Tax & Legal
City: ISLAMORADA
Off Shore Island: No
Mile Marker: 82.5
Side: Bay/Gulf
Alternate Key #: 8906561
Parcel #: 00399491-000000
Zoning: TC - Tourist Commercial
Legal: STRATTONS SUB PB2-38 UPPER MATECUMBE N 1/2 LOT 10 & ALL LOT 11 BK 4 & BB NW'LY & ADJ OR459-976/79 OR817-2029/31 OR886-2
Taxes: 48273.58
Tax Year: 2012
Street #: 136
Street Name: Madeira
Street Suffix: Road
Key/Island: Upper Matecumbe Key Islamorada
State/Province: FL
Zip Code: 33036
Subdivision: Strattons (82.5)
County: Monroe
Area: 23 - Upper Matecumbe
General Property Description
Realtor.COM Type: Commercial
Waterfront: Yes
Control Depth: 4
Lot Size: 1.94 acre
Lot SqFt: 67500
Business Name: Casa Morada Hotel
Year Established: 1950-01-01
# Parking Spaces: 16
Off Street Parking: 16
# Stories: 2
SqFt Source: Property Data Card
Total # Buildings: 2
Building SqFt: 9082
Style: Commercial
Living Apx SqFt: 9082
Year Built: 1950
Total Bedrooms: 16
Full Baths: 16
Total Baths: 16
Remarks & Misc
Remarks – Consumer: A boutique hotel situated on the aqua blue waters of Florida Bay will transport your guests to the world of relaxation and tranquility. Celebrating Sunsets Dailey! 16 existing hotel rooms are featured in two buildings - Sea View and Garden View. Potential to add 2 more units with site plan approvals and permit application already submitted to The Village of Islamorada.
Directions: AT MILE MARKER 82 FROM THE OVERSEAS HIGHWAY TURN AT EITHER TED WILLIAMS WAY OR MADEIRA ROAD (ENTRANCE OF THE LORELEI).
Status Change Info
Sold Comments: Commercial Loan- Centennial Bank
Sold Date: 2014-09-24
Sold Price: $5,250,000
Status: Closed
Deed Restrictions
No: 1
Association Info
Mandatory Home Owners Asc: No
License Info
# of Transient Licns: State Hotel/Motel
2-Cop (Beer & Wine): 1
Type
Hotel/Motel: 1
Fee Includes
None: 1
Misc Property Info
Recorded Plat: Yes
Dockage
Basin: 1
Boat Ramp: 1
Boat Slip: 1
Appliances
Other: hotel models
Property Info
# Boat Slips: 15
License Included: 1
Waterfront
Bay Front: 1
Open Water: 1
Electric
220 Volt: 1
Circuit Breakers: 1
Waterview
Bay/Gulf View: 1
Open Water View: 1
Vehicle Storage
Car(s): 4+
Guest Parking: 1
Off Street Parking: 1
Construction
Combo Construction: 1
Land Size
1 Less Than 2 Acres: 1
Terms
Buyer Obtain Finance: 1
Utilities
Buyer to Verify: 1
FKAA: 1
Individual Swr Plant: 1
Title
Title Ins - Buyer: 1
Property Rights
Other/See Remarks: 1
Miscellaneous
Open Water View: 1
Other Miscellaneous: 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Property Features
Deed Restrictions: No
License Info: 2-Cop (Beer & Wine)
Property Info: License Included
Type: Hotel/Motel
Waterfront: Bay Front; Open Water
Waterview: Bay/Gulf View; Open Water View
Dockage: Basin; Boat Ramp; Boat Slip
Vehicle Storage: Guest Parking; Off Street Parking
Utilities: Buyer to Verify; FKAA; Individual Swr Plant
Miscellaneous: Open Water View; Other Miscellaneous
Construction: Combo Construction
Electric: 220 Volt; Circuit Breakers
Land Size: 1 Less Than 2 Acres
Fee Includes: None
Terms: Buyer Obtain Finance
Title: Title Ins - Buyer
Property Rights: Other/See Remarks
Listing Office:
Ocean Sotheby's International Realty
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.