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136 Madeira Road, Upper Matecumbe Key Islamorada, FL 33036

$5,250,000
Property Type: Commercial Sale 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

Overview

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 ...

Listing Details MLS# 559459

Location, Tax & Legal

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

Contract Information

Listing Board
Florida Keys
Limited Representation
No
As is Rght to Inspct
Yes
For Sale/Lease
For Sale
Potential Short Sale
No
Bank Owned
No
Species List
No

General Property Description

Realtor.COM Type
Commercial
Style
Commercial
Lot SqFt
67500
Waterfront
Yes
Control Depth
4
Business Name
Casa Morada Hotel
Year Established
1950-01-01
# Parking Spaces
16
Off Street Parking
16
# Stories
2
Total # Buildings
2
Building SqFt
9082
SqFt Source
Property Data Card
Living Apx SqFt
9082
Year Built
1950
Total Bedrooms
16
Full Baths
16
Total Baths
16

Status Change Info

Under Contract Date
2014-06-16
Leased Date
2014-09-24
Sold Comments
Commercial Loan- Centennial Bank

License Info

# of Transient Licns
State Hotel/Motel

Association Info

Mandatory Home Owners Asc
No

More Information

Misc Property Info

Recorded Plat
Yes

Property Info

# Boat Slips
15

Vehicle Storage

Car(s)
4+

Appliances

Other
hotel models

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.
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