822 Fleming Street, Key West, FL 33040 (MLS# 116023)

822 Fleming Street, Key West, FL 33040

$2,100,000

Property Type: Commercial Sale Lot Size (sq. ft.): 3,936 Status: Closed

Current Price: $2,100,000 List Date: 2/02/2012 Last Modified: 9/09/2024

Overview

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%.

Listing Details MLS# 116023

Location, Tax & Legal

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

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: 3936
Waterfront: No
Business Name: Coral Tree Inn
Year Established: 1991-01-01
Building SqFt: 5508
Total Units: 11
Year Built: 1913

Status Change Info

Under Contract Date: 2012-12-26
Leased Date: 2012-12-28

Association Info

Mandatory Home Owners Asc: No

Financial Status

Bank Owned: No
Potential Short Sale: No

More Information

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

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