719 South Street, Key West, FL 33040
$2,600,000
Property Type:
Residential
Bedrooms:
6
Baths:
5
Square Footage:
2,430
Lot Size (sq. ft.):
6,000
Status:
Closed
Current Price:
$2,600,000
List Date:
1/17/2024
Last Modified:
4/30/2025
Description
Tap into the lucrative Key West tourism market and capitalize on the potential for increased revenue. Embrace the timeless charm of the 50's through 70's motel era by owning your unique vintage motel, complete with four Transient Licenses. Situated conveniently in the heart of old town, your patrons can relish in the nostalgia of simpler times while having easy access to all the attractions. The property, currently utilized for long-term rentals, requires some work to transform it into a successful business venture. However, all the essential elements are in place, ensuring a prompt startup. Buyers are advised to conduct due diligence to verify property rights. As the property is currently occupied by tenants, please refrain from disturbing them and arrange viewings accompanied by the listing agent.
More Information MLS# 608224
Contract Information
Listing Board: Key West Association
As is Rght to Inspct: Yes
Current Price: $2,600,000
Listing Date: 2024-01-17
Sold Price: $2,600,000
Location, Tax & Legal
KW Neighborhood: Casa Marina
City: KEY WEST
Off Shore Island: No
Mile Marker: 1
Marathon Neighborhood: N/A
Side: Median
Flood Zone: AE,0.2 PCT ANNUAL CH
Alternate Key #: 1039004
Parcel #: 00038260-000000
Zoning: HRO - Historic Residential/Office
Deed Restrictions: Unknown
Legal: KW KW INVESTMENT CO SUB PB1-88 LOT 11 SQR 18 TR 17 OR261-72/73 OR506-133 OR511-986 OR582-64 OR687-458 OR812-1185OR825-20
Taxes: 11980.34
Tax Year: 2023
Pub Sewer HkUp: Yes
Street #: 719
Street Name: South
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
County: Monroe
Subdivision: Old Town - Unlisted (1.0)
Area: 02 - Key West
General Property Description
Realtor.COM Type: Multi-family
Waterfront: No
Control Depth: 0
Lot SqFt: 6000
Pool: No
Lot Sqft Source: Property Data Card
Total Units: 0
Acres: 0.14
SqFt Source: Property Data Card
Rentals Allowed: Yes
Style: Multi-Units
Year Built: 1958
Living Apx SqFt: 2430
Total Bedrooms: 6
Full Baths: 5
Total Baths: 5
Remarks & Misc
Remarks – Consumer: Tap into the lucrative Key West tourism market and capitalize on the potential for increased revenue. Embrace the timeless charm of the 50's through 70's motel era by owning your unique vintage motel, complete with four Transient Licenses. Situated conveniently in the heart of old town, your patrons can relish in the nostalgia of simpler times while having easy access to all the attractions. The property, currently utilized for long-term rentals, requires some work to transform it into a successful business venture. However, all the essential elements are in place, ensuring a prompt startup. Buyers are advised to conduct due diligence to verify property rights. As the property is currently occupied by tenants, please refrain from disturbing them and arrange viewings accompanied by the listing agent.
Directions: Located near the corner of South and William Street.
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Association Fee $: 0
License Info
Transient Rntl Licns: Yes
Fee Includes
None: 1
Dockage
None: 1
Tax Exemptions
None: 1
Appliances
Range: 1
Refrigerator: 1
Pets
Pets Allowed: 1
Waterfront
None: 1
Waterview
No Waterview: 1
Specialty Rooms
Laundry Room: 1
Building Style
Above Flood: No
Ground Level: 1
Stories: 2 Stories
Vehicle Storage
Off Street Parking: 1
Construction
CBS: 1
Land Size
Less Than 1/4 Acre: 1
Utilities
Buyer to Verify: 1
Elect Separate Meter: 1
FKAA: 1
Municipal Sewer: 1
Status Change Info
Sold Date: 2024-02-23
Sold Price: $2,600,000
Status: Closed
Property Features
Fee Includes: None
Tax Exemptions: None
Waterfront: None
Waterview: No Waterview
Dockage: None
Building Style: Ground Level
Vehicle Storage: Off Street Parking
Utilities: Buyer to Verify; Elect Separate Meter; FKAA; Municipal Sewer
Specialty Rooms: Laundry Room
Appliances: Range; Refrigerator
Construction: CBS
Pets: Pets Allowed
Land Size: Less Than 1/4 Acre
Transient Licenses ›
Listing Office:
Berkshire Hathaway HomeServices Knight & Gardner Realty
Last Updated: April - 30 - 2025
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.