1458 Coral Drive, Marathon, FL 33050
$2,675,000
Property Type:
Commercial
Lot Size (sq. ft.):
43,695
Status:
Closed
Current Price:
$2,675,000
List Date:
2/04/2014
Last Modified:
9/09/2024
Description
Tremendous Opportunity to Own Captain Pip's Hideaway and Vacation Rental property directly on the Gulf of Mexico, next to the World Famous Seven Mile Bridge. The real estate includes 4 parcels of land (three of which are waterfront with rights to the bay bottom and docks), 12 transient licenses, and 15 total units. The boat rental business includes 14 boats, parts, accessories, etc. Commercial appraisal of the real estate was completed Jan. 30, 2014, at $2.5 million. The boat rental business had net operating profit of $113,000 for 2013.
More Information MLS# 119314
Contract Information
Listing Board: Key West Association
Limited Representation: Yes
As is Rght to Inspct: Yes
Potential Short Sale: No
For Sale/Lease: For Sale
Current Price: $2,675,000
Listing Date: 2014-02-04
Sold Price: $2,675,000
Location, Tax & Legal
KW Neighborhood: Outside of Key West
City: MARATHON
Mile Marker: 47.5
Side: Bay/Gulf
Alternate Key #: 1394653
Add'l Parcel #1: 00320320
Parcel #: 00320290-00320310
Add'l Parcel #2: 00320330
Bldg Nbr: 0
Legal: Bk Pt Govt Lt 2 (Aka Parcel F Per Unrec 1977 C G Bailey Survey On File) Or418-694/702 Or742-63 Or8
Taxes: 22814.27
Tax Year: 2011
Street #: 1458
Street Name: Coral
Street Suffix: Drive
Key/Island: Marathon
State/Province: FL
Zip Code: 33050
Subdivision: W R Thompson Sub (48.0)
Area: 13 - 7 Mile Bridge to Sombrero Bch Rd E & W
General Property Description
Realtor.COM Type: Commercial
Waterfront: Yes
Control Depth: 6
Lot SqFt: 43695
Business Name: Captain Pip's
Total Units: 15
Year Established: 1958-01-01
# Parking Spaces: 0
# Stories: 0
Building Ht. Ft.: 0
Total # Buildings: 0
Style: Commercial
Year Built: 1958
Remarks & Misc
Remarks – Consumer: Tremendous Opportunity to Own Captain Pip's Hideaway and Vacation Rental property directly on the Gulf of Mexico, next to the World Famous Seven Mile Bridge. The real estate includes 4 parcels of land (three of which are waterfront with rights to the bay bottom and docks), 12 transient licenses, and 15 total units. The boat rental business includes 14 boats, parts, accessories, etc. Commercial appraisal of the real estate was completed Jan. 30, 2014, at $2.5 million. The boat rental business had net operating profit of $113,000 for 2013.
Directions: 1/2 Mile North of the Seven Mile Bridge on the Gulf Side.
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
Type
Hotel/Motel: 1
Marina: 1
Retail: 1
Dockage
Dock: Other
Basin: 1
Boat Slip: 1
Dock Privileges: 1
Seawall: Other
Property Info
Gross Annual Expense: 0
NOI: 0
Cooling
Ceiling Fans(s): 1
Central Air: 1
Heat Pump: 1
Waterfront
Bay Front: 1
Gulf Front: 1
Open Water: 1
Waterview
Open Water View: 1
Interior Features
Laundry Room: 1
Construction
CBS: 1
Land Size
1 Less Than 2 Acres: 1
Utilities
FKAA: 1
Municipal Sewer: 1
Property Rights
Transient License: 1
Miscellaneous
High Visibility: 1
Manager on Premises: 1
Open Water View: 1
Patio: 1
Residence on Premise: 1
Storage: 1
Roof
Concrete Roof: 1
Financial Status
Potential Short Sale: No
Status Change Info
Sold Date: 2014-05-01
Sold Price: $2,675,000
Status: Closed
Property Features
Deed Restrictions: Unknown
License Info: Non Trans Rntl Lic
Type: Hotel/Motel; Marina; Retail
Waterfront: Bay Front; Gulf Front; Open Water
Waterview: Open Water View
Dockage: Basin; Boat Slip; Dock Privileges
Cooling: Ceiling Fans(s); Central Air; Heat Pump
Utilities: FKAA; Municipal Sewer
Interior Features: Laundry Room
Miscellaneous: High Visibility; Manager on Premises; Open Water View; Patio; Residence on Premise; Storage
Construction: CBS
Roof: Concrete Roof
Land Size: 1 Less Than 2 Acres
Property Rights: Transient License
Listing Office:
Royal Palms Realty (KW)
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.