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
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.
More Information MLS# 116025
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: $7,200,000
Listing Date: 2012-02-02
Sold Price: $7,200,000
Location, Tax & Legal
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: 0
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
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
General Property Description
Realtor.COM Type: Commercial
Waterfront: No
Lot Size: 87.5'x117.33'
Lot SqFt: 24197
Business Name: Coconut Grove Guesth
Total Units: 36
Year Established: 1978-01-01
# Parking Spaces: 0
# Stories: 0
Building Ht. Ft.: 0
Total # Buildings: 0
Building SqFt: 13023
Style: Commercial
Year Built: 1933
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: 1
Association Info
Mandatory Home Owners Asc: No
Association Fee $: 0
License Info
# of Transient Licns: 3
2-Cop (Beer & Wine): 1
Non Trans Rntl Lic: 1
Type
Hotel/Motel: 1
Other Services: 1
Dockage
None: 1
Property Info
Gross Annual Expense: 0
NOI: 0
Cooling
Wall/Window Unit(s): 1
Construction
Frame: 1
Land Size
1/2 - Less Than 1 AC: 1
Utilities
FKAA: 1
Municipal Sewer: 1
Property Rights
Beverage License: 1
Transient License: 1
Miscellaneous
Fencing: 1
Hot Tub: 1
Lobby: 1
Manager on Premises: 1
Patio: 1
Pool: 1
Security System: 1
Sprinkler System: 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Sold Date: 2012-11-15
Sold Price: $7,200,000
Status: Closed
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.