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718 Duval Street, Key West, FL 33040

$2,670,000
Property Type: Commercial Bedrooms: 4 Baths: 7 Square Footage: 3,105 Lot Size (sq. ft.): 3,165 Status: Closed
Current Price: $2,670,000 List Date: 6/25/2020 Last Modified: 9/09/2024

Overview

Description

*Unique Investment opportunity in the heart of Duval St.* Property includes a commercial space downstairs with two Transient units above. Each unit has 2BR and 2.5 BA which can be rented as one large 4 BR penthouse or separately as two 2BR/ 2.5 BA units. Front unit has a balcony that overlooks Duval St and rear unit has its own private balcony.There is one covered parking space in the back of property and additional parking for up to two cars. When you step into the Penthouse, you will be swept away by the unique design - a combination of Caribbean charm and historic architecture. The property has been a successful vacation rental for many years. Located in the X flood zone. Rental units offered furnished.

Listing Details MLS# 591409

Location, Tax & Legal

Street #
718
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
Ocean
Flood Zone
X
Alternate Key #
1016489
Parcel #
00016100-000000
Zoning
HRCC(1 - 4) - Hist Res Comm Core 1-4 SF Specl
Legal
KW PT LOT 3 SQR 3 TR 4 G58-294/95 OR477-246/47 OR667-877/78 PROBATE DOCKET #82-223 CASE #82-223-CP-12 OR918-2247RS OR921
Taxes
7467.12
Tax Year
2019

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
Species List
No

General Property Description

Realtor.COM Type
Commercial
Style
Commercial
Lot SqFt
3165
Waterfront
No
# Parking Spaces
Yes
Off Street Parking
Yes
# Stories
3
Total # Buildings
Yes
Building SqFt
3803
SqFt Source
Appraisal
Living Apx SqFt
3105
Total Units
3
Year Built
1935
Total Bedrooms
4
Full Baths
4
Half Baths
3
Total Baths
7
Control Depth
0

Status Change Info

Sold Date
2021-09-14

License Info

# of City License
2
# of County License
2
# of Transient Licns
2

Association Info

Mandatory Home Owners Asc
No
1st Right of Refusal
No

More Information

Property Info

# Kitchens
2
# Refrigerators
2
# Range/Ovens
2
# Washers
2
# Dryers
2
# Dishwashers
2
2 Bed/Bath
2
License Included
Yes

Vehicle Storage

Car(s)
Yes
Covered Parking
Yes
Off Street Parking
Yes

Auction Info

Auction
No

Financial Status

Bank Owned
No
Potential Short Sale
No

Remarks & Misc

Remarks – Consumer
*Unique Investment opportunity in the heart of Duval St.* Property includes a commercial space downstairs with two Transient units above. Each unit has 2BR and 2.5 BA which can be rented as one large 4 BR penthouse or separately as two 2BR/ 2.5 BA units. Front unit has a balcony that overlooks Duval St and rear unit has its own private balcony.There is one covered parking space in the back of property and additional parking for up to two cars. When you step into the Penthouse, you will be swept away by the unique design - a combination of Caribbean charm and historic architecture. The property has been a successful vacation rental for many years. Located in the X flood zone. Rental units offered furnished.
Directions
US1 to Truman, right on Duval, property is on left hand side. Parking behind building (enter via Dupree Alley).

Deed Restrictions

Unknown
Yes

Type

Other Comrcl Style
Yes
Retail
Yes

Fee Includes

None
Yes

Dockage

None
Yes

Accounts & Meters

# Water Meters
3

Appliances

Dishwasher
Yes
Dryer
Yes
Range
Yes
Refrigerator
Yes
Washer
Yes

Cooling

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

Waterfront

None
Yes

Waterview

No Waterview
Yes

Floor

Tile
Yes
Other
Yes

Interior Features

Cathedral Ceilings
Yes
Drapes/Blinds Incl
Yes
Furnished
Yes
Smoke Alarms
Yes
Window Treatments
Yes

Windows/Doors

French Doors
Yes
Glass Doors
Yes
Wood Windows
Yes

Construction

Frame
Yes

Land Size

Less Than 1/4 Acre
Yes

Terms

Buyer Obtain Finance
Yes

Utilities

FKAA
Yes
Municipal Sewer
Yes
Separate Meters
Yes

Title

Negotiable
Yes

Property Rights

Multi-Use/Commercial
Yes
Transient License
Yes

Miscellaneous

High Traffc Location
Yes
High Visibility
Yes
Residence on Premise
Yes
Security System
Yes
Sprinkler System
Yes
Storage
Yes

Roof

Metal Roof
Yes
Shingle Roof
Yes

Shutters

Bahama
Yes

Property Features

Deed Restrictions: Unknown Property Info: License Included Type: Other Comrcl Style; Retail Waterfront: None Waterview: No Waterview Dockage: None Vehicle Storage: Covered Parking; Off Street Parking Cooling: Ceiling Fans(s); Central Air; Wall/Window Unit(s) Utilities: FKAA; Municipal Sewer; Separate Meters Interior Features: Cathedral Ceilings; Drapes/Blinds Incl; Furnished; Smoke Alarms; Window Treatments Appliances: Dishwasher; Dryer; Range; Refrigerator; Washer Miscellaneous: High Traffc Location; High Visibility; Residence on Premise; Security System; Sprinkler System; Storage Construction: Frame Shutters: Bahama Floor: Tile; Other Roof: Metal Roof; Shingle Roof Land Size: Less Than 1/4 Acre Fee Includes: None Terms: Buyer Obtain Finance Title: Negotiable Property Rights: Multi-Use/Commercial; Transient License

Documents

Listing Office: Bascom Grooms Real Estate (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.
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