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90611 Old Highway, Plantation Key, FL 33070

$12,500,000
Property Type: Commercial Bedrooms: 42 Baths: 44 Lot Size (sq. ft.): 64,020 Status: Closed
Current Price: $12,500,000 List Date: 9/11/2019 Last Modified: 9/10/2024

Overview

Description

Fl. Keys, Islamorada, boutique 47 transient development rights. 42 all concrete existing canal front motel units, 2 pools and restaurant on 650 ft of canal front dockage. The entire resort has been luxuriously remodeled. Silent A/Cs in every room. Private balconies and room side dockage. Ideal for additional revenue sources: Dive/Snorkel boats, Fishing charters, Boat rentals or House Boats. Keys motels have the highest occupancy rates and ADR's in the country. Since the Covid reopening business has been even better than in 2019. Reference the document section of the listing for a CA in order to receive their financials Creekside Inn is 1 hour south of Miami just south of Tavernier Creek which provides immediate ocean or bay access to the Sports Fishing and Dive Capitol of the World.

Listing Details MLS# 587284

Location, Tax & Legal

Street #
90611
Street Name
Old Highway
Key/Island
Plantation Key
State/Province
FL
Zip Code
33070
Subdivision
Boatmans Colony (90.5)
County
Monroe
Area
25 - Plantation Key
City
ISLAMORADA
Off Shore Island
No
Mile Marker
90.5
Marathon Neighborhood
N/A
Side
Ocean
Flood Zone
AE8
Alternate Key #
1536857
Add'l Parcel #1
00437590-000000
Parcel #
00437640-000000
Add'l Parcel #2
00437610-000000
Bldg Nbr
4
Zoning
HC - Highway Commercial
Legal
BK 1 LOTS 13, 14, &15 BOATMANS COLONY PB3-90 PLANTATION KEY OR322-573 OR455-664 OR614-858 OR918-1731 OR978-1525 OR1043-2
Taxes
18481.43
Tax Year
2018

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
Species List
No

General Property Description

Realtor.COM Type
Commercial
Style
Commercial
Lot SqFt
64020
Waterfront
Yes
Control Depth
5
Year Established
2011-09-01
# Parking Spaces
60
# Stories
2
Total # Buildings
4
Building SqFt
25825
SqFt Source
Property Data Card
Total Units
47
Year Built
1973
Total Bedrooms
42
Full Baths
42
Half Baths
2
Total Baths
44

Status Change Info

Sold Date
2021-07-15

Association Info

Mandatory Home Owners Asc
No
1st Right of Refusal
No

Dockage

Dock
Concrete
Dock Length
650
Seawall
Concrete

More Information

Appliances

Other
Mini Refrigerators

Financial Status

Bank Owned
No
Potential Short Sale
No

Remarks & Misc

Remarks – Consumer
Fl. Keys, Islamorada, boutique 47 transient development rights. 42 all concrete existing canal front motel units, 2 pools and restaurant on 650 ft of canal front dockage. The entire resort has been luxuriously remodeled. Silent A/Cs in every room. Private balconies and room side dockage. Ideal for additional revenue sources: Dive/Snorkel boats, Fishing charters, Boat rentals or House Boats. Keys motels have the highest occupancy rates and ADR's in the country. Since the Covid reopening business has been even better than in 2019. Reference the document section of the listing for a CA in order to receive their financials Creekside Inn is 1 hour south of Miami just south of Tavernier Creek which provides immediate ocean or bay access to the Sports Fishing and Dive Capitol of the World.
Directions
1 hour south of Miami on the Florida turnpike to US1 through Key Largo cross over Tavernier Creek and it will be on the left. Mile Marker 90.6 Oceanside. Across from Tavernier Creek Marina.

Deed Restrictions

No
Yes

License Info

2-Cop (Beer & Wine)
Yes

Type

Hotel/Motel
Yes
Restaurant
Yes

Fee Includes

Other
Yes

Cooling

Central Air
Yes
Heat Pump
Yes

Waterfront

Canal Front
Yes

Electric

Circuit Breakers
Yes

Waterview

Canal View
Yes

Floor

Tile
Yes

Interior Features

Furnished
Yes
Laundry Room
Yes
Smoke Alarms
Yes

Vehicle Storage

Common Parking
Yes
Off Street Parking
Yes

Construction

CBS
Yes
Concrete
Yes

Land Size

1 Less Than 2 Acres
Yes

Terms

No Seller Finance
Yes

Utilities

FKAA
Yes
Propane
Yes

Property Rights

Beverage License
Yes

Miscellaneous

Chickee Hut
Yes
Fencing
Yes
Handicap Access
Yes
High Traffc Location
Yes
Highway Frontage
Yes
Pool
Yes
Security System
Yes

Roof

Combo Roof
Yes

Property Features

Deed Restrictions: No License Info: 2-Cop (Beer & Wine) Type: Hotel/Motel; Restaurant Waterfront: Canal Front Waterview: Canal View Vehicle Storage: Common Parking; Off Street Parking Cooling: Central Air; Heat Pump Utilities: FKAA; Propane Interior Features: Furnished; Laundry Room; Smoke Alarms Miscellaneous: Chickee Hut; Fencing; Handicap Access; High Traffc Location; Highway Frontage; Pool; Security System Construction: CBS; Concrete Electric: Circuit Breakers Floor: Tile Roof: Combo Roof Land Size: 1 Less Than 2 Acres Fee Includes: Other Terms: No Seller Finance Property Rights: Beverage License

Documents

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.
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