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84959 Overseas Highway, Windley Key, FL 33036

$5,650,000
Property Type: Commercial Bedrooms: 19 Baths: 19 Square Footage: 9,228 Lot Size (sq. ft.): 105,720 Status: Closed
Current Price: $5,650,000 List Date: 5/21/2018 Last Modified: 9/10/2024

Overview

Description

A unique Islamorada oceanfront ''boutique motel'' providing immediate ocean and bay access. This art deco design offers luxury and privacy in the heart of the Sport Fishing Capital of the World. 19 Licensed transient units. Currently only renting 18. 290' of dockage, boat ramp, heated pool, Tiki huts and 65 palm trees all overlooking the Holiday Isle sandbar and Davis Reef. 10% return as is.

Listing Details MLS# 580268

Location, Tax & Legal

Street #
84959
Street Name
Overseas
Street Suffix
Highway
Key/Island
Windley Key
State/Province
FL
Zip Code
33036
Subdivision
Unplatted Windley Key (88.0)
County
Monroe
Area
24 - Windley Key
City
ISLAMORADA
Off Shore Island
No
Mile Marker
84.9
Marathon Neighborhood
N/A
Side
Ocean
Flood Zone
AE,VE,AE,VE
Alternate Key #
1109282
Parcel #
00094160-000000
Zoning
SC - Sub Urban Commercial District
Legal
23 63 37 WINDLEY ISLAND PB1-50 PT LOT 8 AND ADJACENT BAY BOTTOM OR50-412/413 OR308-187/188 OR410-88/89 OR410-90 OR540-16
Taxes
34713.44
Tax Year
2017

Contract Information

Listing Board
Florida Keys
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
105720
Waterfront
Yes
Control Depth
3
Business Name
Drop Anchor Resort
Off Street Parking
Yes
# Stories
2
Total # Buildings
3
Building SqFt
9228
SqFt Source
Tax Records
Living Apx SqFt
9228
Total Units
19
Year Built
1958
Total Bedrooms
19
Full Baths
19
Total Baths
19

Status Change Info

Sold Date
2018-10-03

License Info

# of City License
Yes

Association Info

Mandatory Home Owners Asc
No
1st Right of Refusal
No

More Information

Misc Property Info

Recorded Plat
Yes

Dockage

Dock
Concrete
Boat Ramp
Yes

Financial Status

Bank Owned
No
Potential Short Sale
No

Remarks & Misc

Remarks – Consumer
A unique Islamorada oceanfront ''boutique motel'' providing immediate ocean and bay access. This art deco design offers luxury and privacy in the heart of the Sport Fishing Capital of the World. 19 Licensed transient units. Currently only renting 18. 290' of dockage, boat ramp, heated pool, Tiki huts and 65 palm trees all overlooking the Holiday Isle sandbar and Davis Reef. 10% return as is.
Directions
Located just 90 minutes from south Florida & the Miami airport. Walking distance to local restaurants, Theater of the Sea, Postcard Inn & Whale Harbor fishing fleets, & the Windley Key Fossil Quarry.

Deed Restrictions

No
Yes

Type

Hotel/Motel
Yes

Fee Includes

None
Yes

Appliances

Dryer
Yes
Range
Yes
Refrigerator
Yes
Washer
Yes

Cooling

Wall/Window Unit(s)
Yes

Waterfront

Oceanfront
Yes

Electric

220 Volt
Yes

Waterview

Ocean View
Yes
Open Water View
Yes

Floor

Combo
Yes

Interior Features

Drapes/Blinds Incl
Yes

Windows/Doors

Sliding Glass Doors
Yes

Vehicle Storage

Guest Parking
Yes
Off Street Parking
Yes

Construction

Combo Construction
Yes

Land Size

1 Less Than 2 Acres
Yes

Terms

No Seller Finance
Yes

Utilities

Community Swr Plant
Yes
FKAA
Yes

Title

Title Ins - Buyer
Yes

Miscellaneous

High Traffc Location
Yes
High Visibility
Yes
Highway Frontage
Yes
Lobby
Yes
Manager on Premises
Yes
Open Water View
Yes
Pool
Yes
Utility Building
Yes

Roof

Combo Roof
Yes

Property Features

Deed Restrictions: No Type: Hotel/Motel Waterfront: Oceanfront Waterview: Ocean View; Open Water View Dockage: Boat Ramp Vehicle Storage: Guest Parking; Off Street Parking Cooling: Wall/Window Unit(s) Utilities: Community Swr Plant; FKAA Interior Features: Drapes/Blinds Incl Appliances: Dryer; Range; Refrigerator; Washer Miscellaneous: High Traffc Location; High Visibility; Highway Frontage; Lobby; Manager on Premises; Open Water View; Pool; Utility Building Construction: Combo Construction Electric: 220 Volt Floor: Combo Roof: Combo Roof Land Size: 1 Less Than 2 Acres Fee Includes: None Terms: No Seller Finance Title: Title Ins - Buyer
Listing Office: Cornell Commercial Real Estate, Inc.
Last Updated: September - 10 - 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.