411 William Street 1, Key West, FL 33040
$8,840,000
Property Type:
Commercial
Lot Size (sq. ft.):
28,000
Status:
Closed
Current Price:
$8,840,000
List Date:
10/28/2014
Last Modified:
9/09/2024
Description
***For Statistical Purposes Only*** Sale represents: (1) the deed transfers of 20 upscale condo-tel' suite units consisting of 4 efficiency, 12x1 bedroom, and 4x2 bedroom apts, each with transient license and operated as the Island City House Hotel, a boutique hotel comprised of 5 historic buildings at 411 William St. and 810-812 Eaton St.; (2) the management company for the hotel, which manages all 24 hotel units within the hotel (the 20 being sold plus an additional 4 transient licensed suite units), and; (3) the 3 bedroom/2 bath single family home at 814 Eaton St. (4) EXCLUSIONS: The 4x1 bedroom apts excluded from this sale are units #'s 9, 12, 16, & 24.
More Information MLS# 120544
Contract Information
Listing Board: Key West Association
Limited Representation: Yes
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
For Sale/Lease: For Sale
Current Price: $8,840,000
Listing Date: 2014-10-28
Sold Price: $8,840,000
Location, Tax & Legal
KW Neighborhood: Old Town-N of Truman
Unit #: 1
City: KEY WEST
Mile Marker: 1
Side: Median
Alternate Key #: 9082852
Bldg Nbr: 0
Zoning: HMDR - Historic Medium Density Residential
Legal: 411 William Street #'s 1,2,3,4,5,6,7,8,10,11,13,14,15, 17,18,19,20,21,22,&23 AND 814 Eaton St.
Taxes: 1
Tax Year: 2014
Street #: 411
Street Name: William
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
Subdivision: Old Town - Unlisted (1.0)
County: Monroe
Area: 01 - Key West
General Property Description
Realtor.COM Type: Commercial
Waterfront: No
Lot SqFt: 28000
Business Name: Island City House
Total Units: 20
# Parking Spaces: 0
# Stories: 0
Building Ht. Ft.: 0
Total # Buildings: 0
Building SqFt: 12300
Style: Commercial
Year Built: 1889
Remarks & Misc
Remarks – Consumer: ***For Statistical Purposes Only*** Sale represents: (1) the deed transfers of 20 upscale condo-tel' suite units consisting of 4 efficiency, 12x1 bedroom, and 4x2 bedroom apts, each with transient license and operated as the Island City House Hotel, a boutique hotel comprised of 5 historic buildings at 411 William St. and 810-812 Eaton St.; (2) the management company for the hotel, which manages all 24 hotel units within the hotel (the 20 being sold plus an additional 4 transient licensed suite units), and; (3) the 3 bedroom/2 bath single family home at 814 Eaton St. (4) EXCLUSIONS: The 4x1 bedroom apts excluded from this sale are units #'s 9, 12, 16, & 24.
Deed Restrictions
Yes: 1
Association Info
Mandatory Home Owners Asc: No
Association Fee $: 0
License Info
# of Transient Licns: 2
Type
Hotel/Motel: 1
Other Services: 1
Dockage
None: 1
Property Info
Gross Annual Expense: 0
NOI: 0
Cooling
Ceiling Fans(s): 1
Central Air: 1
Heat: 1
Heat Pump: 1
Wall/Window Unit(s): 1
Construction
Frame: 1
Land Size
1/2 - Less Than 1 AC: 1
Utilities
FKAA: 1
Municipal Sewer: 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Sold Date: 2014-10-29
Sold Price: $8,840,000
Status: Closed
Property Features
Deed Restrictions: Yes
Type: Hotel/Motel; Other Services
Dockage: None
Cooling: Ceiling Fans(s); Central Air; Heat; Heat Pump; Wall/Window Unit(s)
Utilities: FKAA; Municipal Sewer
Construction: Frame
Land Size: 1/2 - Less Than 1 AC
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.