815 Fleming Street, Key West, FL 33040 (MLS# 116025)

815 Fleming Street, Key West, FL 33040

$7,200,000

Property Type: Commercial Sale 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

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.

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

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

Status Change Info

Under Contract Date: 2012-10-19
Leased Date: 2012-11-15

License Info

# of Transient Licns: 3

Association Info

Mandatory Home Owners Asc: No

More Information

Financial Status

Bank Owned: No
Potential Short Sale: No

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

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