822 Fleming Street, Key West, FL 33040
$2,100,000
Property Type:
Commercial
Lot Size (sq. ft.):
3,936
Status:
Closed
Current Price:
$2,100,000
List Date:
2/02/2012
Last Modified:
9/09/2024
Description
Built in 1889 as an opulent single family home with wide verandah porches both street and poolside, this beautiful 11-unit guesthouse has all 11 licenses approved by the City (and paid for) pending the completion of one ADA compliant room, currently under const. Converted to a guesthouse in 1991, and completely renovated in 1996, with a beautiful private pool and spa area framed with a shaded arbor featuring classic tile mosaics and a large breakfast room, the Coral Tree Inn can stand alone. The property can also be purchased with 815-823 Fleming St., the Oasis and Coconut Grove, which would be a total of 47 rooms/suites for $9,950,000. Assumable loan to qualified buyers. Huge upside: increase average occ rt from 41% to avg KW 82%.
More Information MLS# 116023
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: $2,100,000
Listing Date: 2012-02-02
Sold Price: $2,100,000
Location, Tax & Legal
KW Neighborhood: Old Town-N of Truman
City: KEY WEST
Mile Marker: 0.5
Side: Bay/Gulf
Flood Zone: no
Alternate Key #: 1008559
Bldg Nbr: 0
Zoning: HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med
Legal: KW PT LOT 2 SQR 47 G45-407-408 OR966-574 OR1010-1274 OR1079-796/797 OR1124-629 OR1178-2104/2105C/T O
Taxes: 14575.74
Tax Year: 2011
Street #: 822
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: 48'x82'
Lot SqFt: 3936
Business Name: Coral Tree Inn
Total Units: 11
Year Established: 1991-01-01
# Parking Spaces: 0
# Stories: 0
Building Ht. Ft.: 0
Total # Buildings: 0
Building SqFt: 5508
Style: Commercial
Year Built: 1913
Remarks & Misc
Remarks – Consumer: Built in 1889 as an opulent single family home with wide verandah porches both street and poolside, this beautiful 11-unit guesthouse has all 11 licenses approved by the City (and paid for) pending the completion of one ADA compliant room, currently under const. Converted to a guesthouse in 1991, and completely renovated in 1996, with a beautiful private pool and spa area framed with a shaded arbor featuring classic tile mosaics and a large breakfast room, the Coral Tree Inn can stand alone. The property can also be purchased with 815-823 Fleming St., the Oasis and Coconut Grove, which would be a total of 47 rooms/suites for $9,950,000. Assumable loan to qualified buyers. Huge upside: increase average occ rt from 41% to avg KW 82%.
Directions: Mid-block of the 800 block of Fleming St., between William and Margaret Streets, in Old Town Key West
Deed Restrictions
Unknown: 1
Association Info
Mandatory Home Owners Asc: No
Association Fee $: 0
License Info
2-Cop (Beer & Wine): 1
Type
Hotel/Motel: 1
Other Services: 1
Dockage
None: 1
Property Info
Gross Annual Expense: 0
NOI: 0
Cooling
Ceiling Fans(s): 1
Wall/Window Unit(s): 1
Construction
Frame: 1
Land Size
Less Than 1/4 Acre: 1
Terms
Assumable-Qualify: 1
Owner Consider 2nd: 1
Seller Finance Psble: 1
Utilities
FKAA: 1
Municipal Sewer: 1
Property Rights
Beverage License: 1
Transient License: 1
Miscellaneous
Fencing: 1
High Visibility: 1
Hot Tub: 1
Lobby: 1
Manager on Premises: 1
Patio: 1
Pool: 1
Sprinkler System: 1
Utility Building: 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Sold Date: 2012-12-28
Sold Price: $2,100,000
Status: Closed
Property Features
Deed Restrictions: Unknown
License Info: 2-Cop (Beer & Wine)
Type: Hotel/Motel; Other Services
Dockage: None
Cooling: Ceiling Fans(s); Wall/Window Unit(s)
Utilities: FKAA; Municipal Sewer
Miscellaneous: Fencing; High Visibility; Hot Tub; Lobby; Manager on Premises; Patio; Pool; Sprinkler System; Utility Building
Construction: Frame
Land Size: Less Than 1/4 Acre
Terms: Assumable-Qualify; Owner Consider 2nd; Seller Finance Psble
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.