815 Fleming Street, Key West, FL 33040
$7,200,000
Property Type:
Commercial
Lot Size (sq. ft.):
24,197
Status:
Closed
Current Price:
$7,200,000
List Date:
2/02/2012
Last Modified:
9/09/2024
Overview
Description
Listing Details MLS# 116025
Location, Tax & Legal
- Street #
- 815
- Street Name
- Fleming
- Street Suffix
- Street
- Key/Island
- Key West
- State/Province
- FL
- Zip Code
- 33040
- Subdivision
- Old Town - Unlisted (1.0)
- Area
- 01 - Key West
- KW Neighborhood
- Old Town-N of Truman
- City
- KEY WEST
- Mile Marker
- 0.5
- Side
- Bay/Gulf
- Alternate Key #
- 1005886
- Parcel #
- 815 Fleming-823 Fleming
- Bldg Nbr
- No
- Zoning
- HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med
- Legal
- KW PT LOT 1 & PT LOT 4 SQR 34 G29-417/18 OR302-461/62 OR463-520 OR717-151 OR842-1610 OR883-623 CASE
- Taxes
- 11452.24
- Tax Year
- 2011
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
- 24197
- Waterfront
- No
- Business Name
- Coconut Grove Guesth
- Year Established
- 1978-01-01
- Building SqFt
- 13023
- Total Units
- 36
- Year Built
- 1933
- # Parking Spaces
- No
- # Stories
- 0
- Building Ht. Ft.
- 0
- Total # Buildings
- 0
Status Change Info
- Sold Date
- 2012-11-15
License Info
- # of Transient Licns
- 3
- 2-Cop (Beer & Wine)
- Yes
- Non Trans Rntl Lic
- 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
- This listing is for 2 beautiful guesthouses, Coconut Grove (815 Fleming), with 16 rentable fully licensed units, and the Oasis (entrance at 823 Fleming, plus 420 Margaret, and 2 Lopez Ln.), with 20 rentable units. The two properties are currently configured as one large guesthouse compound with seven buildings, three pools, two spa hot tubs (one seats 24). The lush tropical landscaping, with hundreds of orchids, is among the finest in Old Town. Converted from 2 mansions and 4 cottages to guesthouses in 1978, the Oasis was renovated in 1997, and Coconut Grove in 2006 by designer Zeke Fernandez, with upscale furnishings and fine art. Assumable loan to qualified buyers. Huge upside: increase occ rt of 41% to the avg 82% in KW.
- Directions
- Main entrance is at 823 Fleming St., mid-block between William and Margaret Streets in the heart of Old Town Key West.
Deed Restrictions
- Unknown
- Yes
Type
- Hotel/Motel
- Yes
- Other Services
- Yes
Dockage
- None
- Yes
Property Info
- Gross Annual Expense
- 0
- NOI
- 0
Cooling
- Wall/Window Unit(s)
- Yes
Construction
- Frame
- Yes
Land Size
- 1/2 - Less Than 1 AC
- Yes
Utilities
- FKAA
- Yes
- Municipal Sewer
- Yes
Property Rights
- Beverage License
- Yes
- Transient License
- Yes
Miscellaneous
- Fencing
- Yes
- Hot Tub
- Yes
- Lobby
- Yes
- Manager on Premises
- Yes
- Patio
- Yes
- Pool
- Yes
- Security System
- Yes
- Sprinkler System
- Yes
Property Features
Deed Restrictions:
Unknown
License Info:
2-Cop (Beer & Wine); Non Trans Rntl Lic
Type:
Hotel/Motel; Other Services
Dockage:
None
Cooling:
Wall/Window Unit(s)
Utilities:
FKAA; Municipal Sewer
Miscellaneous:
Fencing; Hot Tub; Lobby; Manager on Premises; Patio; Pool; Security System; Sprinkler System
Construction:
Frame
Land Size:
1/2 - Less Than 1 AC
Property Rights:
Beverage License; Transient License
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.