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521 United Street, Key West, FL 33040

$9,250,000
Property Type: Commercial Lot Size (sq. ft.): 21,625 Status: Closed
Current Price: $9,250,000 List Date: 11/15/2012 Last Modified: 9/09/2024

Overview

Description

Pearl's Key West is the largest guesthouse resort in Key West. This multi-award winning renovated historic resort is complete with 38 transient-licensed rooms/suites, 2 commercial pools, 2 outdoor hot tubs and extensive decking in a lush tropical setting. The Guesthouse also has a commercial kitchen and a licensed bar serving guests and non-guests delicious meals and cocktails. The Patio is one of the few tropical bars located inside a guesthouse resort with outdoor seating. The full liquor license is a rarity among guesthouses in Key West. 5 separate buildings, many with historic Dade County Pine. Off-street parking for 4 cars, room for scooters and bicycles.

Listing Details MLS# 117239

Location, Tax & Legal

Street #
521
Street Name
United
Street Suffix
Street
Key/Island
Key West
State/Province
FL
Zip Code
33040
Subdivision
Old Town - Unrecord (1.0)
Area
01 - Key West
KW Neighborhood
Old Town-S of Truman
City
KEY WEST
Mile Marker
1
Side
Median
Alternate Key #
1029653
Bldg Nbr
No
Taxes
19012.54
Tax Year
2010

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
21625
Waterfront
No
Business Name
Pearl's Key West
Building SqFt
12183
Year Built
1928
# Parking Spaces
No
# Stories
0
Building Ht. Ft.
0
Total # Buildings
0

Status Change Info

Sold Date
2013-11-11

License Info

# of Transient Licns
3
Other/See Remarks
Yes

Association Info

Mandatory Home Owners Asc
No
Association Fee $
0

More Information

Financial Status

Bank Owned
No
Potential Short Sale
No

Remarks & Misc

Remarks – Consumer
Pearl's Key West is the largest guesthouse resort in Key West. This multi-award winning renovated historic resort is complete with 38 transient-licensed rooms/suites, 2 commercial pools, 2 outdoor hot tubs and extensive decking in a lush tropical setting. The Guesthouse also has a commercial kitchen and a licensed bar serving guests and non-guests delicious meals and cocktails. The Patio is one of the few tropical bars located inside a guesthouse resort with outdoor seating. The full liquor license is a rarity among guesthouses in Key West. 5 separate buildings, many with historic Dade County Pine. Off-street parking for 4 cars, room for scooters and bicycles.

Deed Restrictions

Unknown
Yes

Type

Hotel/Motel
Yes
Other Comrcl Style
Yes
Restaurant
Yes
Other Services
Yes

Dockage

None
Yes

Property Info

Gross Annual Expense
0
NOI
0

Cooling

Central Air
Yes
Heat Pump
Yes

Interior Features

Laundry Room
Yes

Construction

Combo Construction
Yes

Land Size

1/4 - 1/2 Acre
Yes

Utilities

FKAA
Yes
Municipal Sewer
Yes

Property Rights

Beverage License
Yes

Miscellaneous

High Visibility
Yes
Hot Tub
Yes
Lobby
Yes
Manager on Premises
Yes
Patio
Yes
Pool
Yes
Spa
Yes

Property Features

Deed Restrictions: Unknown License Info: Other/See Remarks Type: Hotel/Motel; Other Comrcl Style; Restaurant; Other Services Dockage: None Cooling: Central Air; Heat Pump Utilities: FKAA; Municipal Sewer Interior Features: Laundry Room Miscellaneous: High Visibility; Hot Tub; Lobby; Manager on Premises; Patio; Pool; Spa Construction: Combo Construction Land Size: 1/4 - 1/2 Acre Property Rights: Beverage 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.