611 - 615 Whitehead Street, Key West, FL 33040
$5,225,000
Property Type:
Commercial
Bedrooms:
16
Baths:
16.1
Square Footage:
4,604
Lot Size (sq. ft.):
7,211
Status:
Closed
Current Price:
$5,225,000
List Date:
8/30/2017
Last Modified:
9/09/2024
Description
The Coco Plum Inn is a charming Old Town guest house comprised of two historic buildings in a prime location with 14 fully licensed rooms plus a non-transient license (28 day rental min.) that could be used as a vacation rental. The current configuration is 2 apts., one used by an employee and the other by the owner. Lushly landscaped grounds, large swimming pool, courtyard and parking. Includes 14 transient licenses, 1 non-transient license, & a 12 seat restaurant license. An incredible business opportunity with enormous upside potential in occupancy rate to achieve the 85% STR average for Key West. The best possible location in the heart of Old Town Key West's commercial district, one block west of world famous Duval Street.
More Information MLS# 576834
Contract Information
Listing Board: Key West Association
Limited Representation: No
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
For Sale/Lease: For Sale
Current Price: $5,225,000
Listing Date: 2017-08-30
Sold Price: $5,225,000
Location, Tax & Legal
KW Neighborhood: Old Town-N of Truman
City: KEY WEST
Mile Marker: 1
Side: N/A
Flood Zone: X
Alternate Key #: 1013056 & 8819374
Add'l Parcel #1: 00012700-000100(611)
Parcel #: 00012680-000000(615)
Zoning: HRO - Historic Residential/Office
Legal: KW PT LOT 3 SQR 62 G37-466/67 (615 Whitehead St) and KW PT LOT 3 SQR 62 (611 Whitehead St)
Taxes: 22410
Tax Year: 2016
Street #: 611 - 615
Street Name: Whitehead
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
Subdivision: Old Town - Unrecord (1.0)
County: Monroe
Area: 01 - Key West
General Property Description
Realtor.COM Type: Commercial
Waterfront: No
Control Depth: 0
Lot Size: 84.8 x 85
Lot SqFt: 7211
Business Name: Coco Plum Inn
Total Units: 15
Year Established: 1989-12-31
# Parking Spaces: 2
Off Street Parking: Yes
# Stories: 2
SqFt Source: Tax Records
Total # Buildings: 2
Building SqFt: 4604
Style: Commercial
Living Apx SqFt: 4604
Year Built: 1920
Total Bedrooms: 16
Full Baths: 16
Half Baths: 1
Total Baths: 16.1
Remarks & Misc
Remarks – Consumer: The Coco Plum Inn is a charming Old Town guest house comprised of two historic buildings in a prime location with 14 fully licensed rooms plus a non-transient license (28 day rental min.) that could be used as a vacation rental. The current configuration is 2 apts., one used by an employee and the other by the owner. Lushly landscaped grounds, large swimming pool, courtyard and parking. Includes 14 transient licenses, 1 non-transient license, & a 12 seat restaurant license. An incredible business opportunity with enormous upside potential in occupancy rate to achieve the 85% STR average for Key West. The best possible location in the heart of Old Town Key West's commercial district, one block west of world famous Duval Street.
Directions: US1 (Truman Ave) South to Whitehead Street. Right on Whitehead St north. Coco Plum Inn is near the end of the fourth block past Truman Ave on the right side.
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
License Info
# of City License: 15
# of Transient Licns: 14
Non Trans Rntl Lic: 1
Type
Hotel/Motel: 1
Fee Includes
None: 1
Dockage
None: 1
Appliances
Dishwasher: 1
Dryer: 1
Range: 1
Refrigerator: 1
Washer: 1
Cooling
Ceiling Fans(s): 1
Wall/Window Unit(s): 1
Waterfront
None: 1
Electric
Circuit Breakers: 1
Waterview
No Waterview: 1
Floor
Tile: 1
Wood: 1
Interior Features
Drapes/Blinds Incl: 1
Furnished: 1
Laundry Room: 1
Smoke Alarms: 1
Windows/Doors
French Doors: 1
Single Hung Windows: 1
Wood Windows: 1
Vehicle Storage
Car(s): 2
Construction
Frame: 1
Land Size
More than 1 Lot: 1
Utilities
FKAA: 1
Municipal Sewer: 1
Separate Meters: 1
Property Rights
Transient License: 1
Miscellaneous
Fencing: 1
High Traffc Location: 1
Manager on Premises: 1
Patio: 1
Pool: 1
Residence on Premise: 1
Storage: 1
Roof
Metal Roof: 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Sold Date: 2018-08-16
Sold Price: $5,225,000
Status: Closed
Property Features
License Info: Non Trans Rntl Lic
Type: Hotel/Motel
Waterfront: None
Waterview: No Waterview
Dockage: None
Cooling: Ceiling Fans(s); Wall/Window Unit(s)
Utilities: FKAA; Municipal Sewer; Separate Meters
Interior Features: Drapes/Blinds Incl; Furnished; Laundry Room; Smoke Alarms
Appliances: Dishwasher; Dryer; Range; Refrigerator; Washer
Miscellaneous: Fencing; High Traffc Location; Manager on Premises; Patio; Pool; Residence on Premise; Storage
Construction: Frame
Electric: Circuit Breakers
Floor: Tile; Wood
Roof: Metal Roof
Land Size: More than 1 Lot
Fee Includes: None
Property Rights: Transient License
Documents
Zone X Flood Map ›
Listing Office:
Truman & Co. (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.