325 Duval Street, Key West, FL 33040 (MLS# 598172)

325 Duval Street, Key West, FL 33040

$10,000,000

Casa 325 Guesthouse - offering 12 oversize units, located in two separate buildings - heated pool.

Located within the Duval Street Entertainment District. 3-4 block radius of bars, restaurants & Cruise ship port.

Offering heated pool, parking and 12 oversized suites - 7 with kitchens.

Historically significant, 100 + year old building housing (7) of the 12 units, setback from Duval Street.

Rear staircase to units 5&6 offering loft bedrooms

40' bricked walkway entrance off Duval Street to office/lobby Check in.

Main entrance set back off of busy Duval Street.

Mobile information booth rolls across the driveway

Booth currently leased for $2,000 per month.

60' narrow driveway leads to the 6 compact car parking area.

Canopy covered steps to the Check in Office/Lobby area. Convenient for early check in guests storing luggage.

Formerly the foyer to this 100 + year old Victorian structure - now serves as the Check in Office.

Bricked walkway leading to Duval Street.

Units #2 & #3 share a canopy covered porch. Rented individually or can be open up to a combined large unit.

Oversized unit offering two Queen beds and a spacious sitting area.

Custom bed frames constructed from reclaimed Dade County Pine.

Unit#11 can easily be converted into a two bedroom instead of its current oversized one bedroom configuration.

One of (7) units that have sink & kitchen cabinets. Caters to longer staying guests.

Ladder to the loft of this units offering two queen beds and a rear staircase from the loft.

Two Queen beds offered in the loft area of Units 5&6. Both units are identical in layout & size and have adjoining doors.

Driveway to parking area along the left side. Bricked entrance way along the right side. (single story street side building not part of this offering)

Most Key West guesthouses do not offer such a large pool area. New heater installed 3/2022.

Property Type: Commercial Bedrooms: 14 Baths: 12 Square Footage: 2,640 Lot Size (sq. ft.): 12,725 Status: Closed

Current Price: $10,000,000 List Date: 4/11/2023 Last Modified: 9/09/2024

Overview

Description

Possible Short term Owner Financing Considered - Lower Duval Street, 12 unit guesthouse complex offering over sized single rooms, suites & 2 bedroom units with kitchens with large heated pool. - - - Perfect location within the 2-4 block Entertainment District of Old Town inclusive of bars, restaurants, theaters, Mallory Square attractions and the cruise ship port. >>>> Huge 13,000 sq ft parcel buffered from traffic & street noise, with rooms being setback 40' from Duval. The 200' deep parcel provides a unique 100 foot separation between the front & rear, 3 & 2 story structures - offering guests considerably more privacy. *** Valuable 6 space, compact car guest parking situated between the two collective 7,000 sq.ft buildings. Casa 325 Suites offers a melding of a (7) unit, 100 year old 3 story, ship builders' construction - along with a more recently developed, 5 unit, 2 story structure offering larger rooms & vaulted ceilings. +++ All units have custom furniture built from ... (Read more)

Listing Details MLS# 598172

Location, Tax & Legal

Street #: 325
Street Name: Duval
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
Subdivision: Old Town - Unlisted (1.0)
County: Monroe
Area: 02 - Key West
KW Neighborhood: Old Town-N of Truman
City: KEY WEST
Off Shore Island: No
Mile Marker: 1
Marathon Neighborhood: N/A
Side: N/A
Flood Zone: 0.2 PCT ANNUAL CHANC
Alternate Key #: 1004499
Parcel #: 00004320-000000
Zoning: HRCC - Historic Residential Commercial Core
Legal: KW PT LOT 4 SQR 24 H3-262 G39-327/28 OR107-365/66 OR1190-2210 OR1198-1129/30 OR1235-1123D/C OR1235-1124/43 OR1235-1146/
Taxes: 29998.8
Tax Year: 2020

Contract Information

Listing Board: Key West Association
Limited Representation: No
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: 12725
Waterfront: No
Business Name: casa325 suites
Year Established: 1989-12-31
# Parking Spaces: 6
Off Street Parking: yes
# Stories: 2
Total # Buildings: 2
Building SqFt: 6235
SqFt Source: Property Data Card
Living Apx SqFt: 2640
Year Built: 1933
Total Bedrooms: 14
Full Baths: 12
Total Baths: 12
Control Depth: 0
Total Units: 0

Status Change Info

Sold Date: 2023-12-15

License Info

# of City License: 12
# of County License: 12
# of Transient Licns: 12
Other/See Remarks: Yes

Association Info

Mandatory Home Owners Asc: No
1st Right of Refusal: No

More Information

Property Info

# Kitchens: 7
# Refrigerators: 12
# Washers: 3
# Dryers: 3
License Included: Yes

Financial Status

Bank Owned: No
Potential Short Sale: No

Remarks & Misc

Remarks – Consumer: Possible Short term Owner Financing Considered - Lower Duval Street, 12 unit guesthouse complex offering over sized single rooms, suites & 2 bedroom units with kitchens with large heated pool. - - - Perfect location within the 2-4 block Entertainment District of Old Town inclusive of bars, restaurants, theaters, Mallory Square attractions and the cruise ship port. >>>> Huge 13,000 sq ft parcel buffered from traffic & street noise, with rooms being setback 40' from Duval. The 200' deep parcel provides a unique 100 foot separation between the front & rear, 3 & 2 story structures - offering guests considerably more privacy. *** Valuable 6 space, compact car guest parking situated between the two collective 7,000 sq.ft buildings. Casa 325 Suites offers a melding of a (7) unit, 100 year old 3 story, ship builders' construction - along with a more recently developed, 5 unit, 2 story structure offering larger rooms & vaulted ceilings. +++ All units have custom furniture built from reclaimed Dade County Pine. Large 2 bdrm ADA unit with kitchen. Prime Duval Street attractions booth included, situated at driveway entrance, currently leased out but should be operated by the Guesthouse operation itself. ||||| Go to Casa325.com for full array of pictures, layout of units & rates. Excellent Trip Advisor Rating. There are also (13) electric meters & ( 7 ) water meters on site. ** See 'Documents for Survey, Licenses & aerial with lot lines ** CASH FLOW - 2021 - $1.33 mil gross / NOI - $705,000. 89% Average Occupancy |2022 - $1.3 mil gross / NOI $600,000 - 88% Average Occupancy. $665,000 Advance Bookings as of 10/2023 - 12/2024 The over sized rooms and property amenities will support higher rates than what is being charged. (7) out of the 12 units have kitchens

Deed Restrictions

No: Yes

Type

Hotel/Motel: Yes

Fee Includes

None: Yes

Dockage

None: Yes

Accounts & Meters

# Water Meters: 7
# Electric Meters: 13

Appliances

Refrigerator: Yes
Washer: Yes

Cooling

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

Waterfront

None: Yes

Electric

Circuit Breakers: Yes

Waterview

No Waterview: Yes

Floor

Wood: Yes

Interior Features

Cathedral Ceilings: Yes
Drapes/Blinds Incl: Yes
Furnished: Yes
Laundry Room: Yes
Smoke Alarms: Yes
Split Bedroom: Yes
Window Treatments: Yes

Windows/Doors

Double Hung Windows: Yes

Vehicle Storage

Guest Parking: Yes
Off Street Parking: Yes

Construction

Frame: Yes

Land Size

Less Than 1/4 Acre: Yes

Utilities

FKAA: Yes
Municipal Sewer: Yes

Title

Negotiable: Yes

Property Rights

Transient License: Yes

Miscellaneous

Lobby: Yes
Patio: Yes
Pool: Yes
Utility Building: Yes

Roof

Shingle Roof: Yes
Tin Roof: Yes

Shutters

Panel: Yes

Property Features

Deed Restrictions: No License Info: Other/See Remarks Property Info: License Included Type: Hotel/Motel Waterfront: None Waterview: No Waterview Dockage: None Vehicle Storage: Guest Parking; Off Street Parking Cooling: Ceiling Fans(s); Central Air; Heat Pump; Wall/Window Unit(s) Utilities: FKAA; Municipal Sewer Interior Features: Cathedral Ceilings; Drapes/Blinds Incl; Furnished; Laundry Room; Smoke Alarms; Split Bedroom; Window Treatments Appliances: Refrigerator; Washer Miscellaneous: Lobby; Patio; Pool; Utility Building Construction: Frame Electric: Circuit Breakers Shutters: Panel Floor: Wood Roof: Shingle Roof; Tin Roof Land Size: Less Than 1/4 Acre Fee Includes: None Title: Negotiable Property Rights: Transient License

Documents

Aerial View Lot Lines ›

Survey ›

Site Plan ›

Additional State Licenses ›

12 Unit Transient License ›

State Guesthouse License ›

City Transient Medallion License ›

Listing Office: Berkshire Hathaway HomeServices Knight & Gardner Realty

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.

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