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27340 Overseas Highway, Ramrod Key, FL 33042

$2,500,000
Property Type: Commercial Lot Size (sq. ft.): 72,845 Status: Closed
Current Price: $2,500,000 List Date: 6/14/2012 Last Modified: 9/09/2024

Overview

Description

Property currently operated by a Receiver and is Bank Owned. Profitable Businesses & Real Estate on Ramrod Key. This Resort services world famous Looe Key Reef. Turn-key Resort is fully operational, including a 24 room waterfront hotel with Dive Shop and a Custom Dive Boat and a 124 seat Bar/Restaurant with a full 6COP Monroe County Liquor License. This is a Destination Resort as well as a locals favorite.

Listing Details MLS# 116613

Location, Tax & Legal

Street #
27340
Street Name
Overseas
Street Suffix
Highway
Key/Island
Ramrod Key
State/Province
FL
Zip Code
33042
Subdivision
Breezeswept Bch Est (27.5)
Area
09 - Ramrod Key
KW Neighborhood
Outside of Key West
City
OTHER
Mile Marker
27
Side
Ocean
Alternate Key #
1264229
Parcel #
00200900-000000
Bldg Nbr
No
Zoning
SC - Sub Urban Commercial District
Legal
Breezeswept Beach Est Pb4-143 Ramrod Key Lts 10-13 & Pt Lt 14 Blk 1 & as per Monroe County Tax Recds
Taxes
27981
Tax Year
2011

Contract Information

Listing Board
Key West Association
Limited Representation
No
As is Rght to Inspct
Yes
For Sale/Lease
For Sale
Potential Short Sale
No
Bank Owned
No

General Property Description

Realtor.COM Type
Commercial
Style
Commercial
Lot SqFt
72845
Waterfront
Yes
Control Depth
4
Business Name
Looe Key Reef Resort
# Stories
2
Building Ht. Ft.
25
Total # Buildings
3
Building SqFt
33998
Year Built
1958
# Parking Spaces
No

Status Change Info

Sold Date
2013-03-29

License Info

# of Transient Licns
2
5-Cop (Transferable)
Yes

Association Info

Mandatory Home Owners Asc
No
Association Fee $
0

More Information

Dockage

Dock
Other

Financial Status

Bank Owned
No
Potential Short Sale
No

Remarks & Misc

Remarks – Consumer
Property currently operated by a Receiver and is Bank Owned. Profitable Businesses & Real Estate on Ramrod Key. This Resort services world famous Looe Key Reef. Turn-key Resort is fully operational, including a 24 room waterfront hotel with Dive Shop and a Custom Dive Boat and a 124 seat Bar/Restaurant with a full 6COP Monroe County Liquor License. This is a Destination Resort as well as a locals favorite.
Directions
On US Hwy 1 at mile market 27.4, oceanside.

Deed Restrictions

Unknown
Yes

Type

Boat Care
Yes
Hotel/Motel
Yes
Marina
Yes
Office Buildings
Yes
Restaurant
Yes
Other Services
Yes

Property Info

Gross Annual Expense
0
NOI
0

Cooling

Heat Pump
Yes

Waterfront

Canal Front
Yes

Electric

Circuit Breakers
Yes

Waterview

Canal View
Yes

Floor

Combo
Yes

Construction

Combo Construction
Yes

Land Size

1 Less Than 2 Acres
Yes

Utilities

Community Swr Plant
Yes
FKAA
Yes
Propane
Yes

Title

Negotiable
Yes

Property Rights

Beverage License
Yes

Miscellaneous

Chickee Hut
Yes
Fencing
Yes
High Visibility
Yes
Highway Frontage
Yes
Lobby
Yes
Manager on Premises
Yes
Patio
Yes
Pool
Yes
Utility Building
Yes

Roof

Combo Roof
Yes

Property Features

Deed Restrictions: Unknown License Info: 5-Cop (Transferable) Type: Boat Care; Hotel/Motel; Marina; Office Buildings; Restaurant; Other Services Waterfront: Canal Front Waterview: Canal View Cooling: Heat Pump Utilities: Community Swr Plant; FKAA; Propane Miscellaneous: Chickee Hut; Fencing; High Visibility; Highway Frontage; Lobby; Manager on Premises; Patio; Pool; Utility Building Construction: Combo Construction Electric: Circuit Breakers Floor: Combo Roof: Combo Roof Land Size: 1 Less Than 2 Acres Title: Negotiable Property Rights: Beverage License
Listing Office: At Home in Key West, Inc.
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.