99490 Overseas Highway, Key Largo, FL 33037
$13,000,000
Property Type:
Commercial
Bedrooms:
56
Baths:
60
Square Footage:
2,000
Lot Size (sq. ft.):
104,979
Status:
Closed
Current Price:
$13,000,000
List Date:
5/01/2018
Last Modified:
9/10/2024
Description
Florida Keys Bayfront 56 unit hotel featuring magnificent sunsets, a sandy beach, pool, fitness center, and dockage and jettys. The resort is of CBS and twin ''T'' construction with tin roofs, accordian shutters, elevator and fire hydrants on each floor. There is a Sushi Thai leased mo. to mo. for $3,952. Centrally located in Key Largo, the dive capital of the world. Walking distance to numerous restaurants & Tiki bars as well as fishing charter/dive boats going to John Pennekamp Coral Reef State Park. Possible expansion of 54 hotel units to 54 one bedroom suites subject to Monroe County approval. All prospects must sign and strictly respect the confidentiality/non-disclosure agreement. Site visits will only be allowed upon buyer qualification and require the listing agent's presence.
Supplements: The concrete construction, X flood zone, and solid rock foundation stood strong during last years hurricane Irma. The motel stayed open continually housing FEMA employees and many residents.
More Information MLS# 579966
Contract Information
Listing Board: Florida Keys
Limited Representation: No
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
For Sale/Lease: For Sale
Current Price: $13,000,000
Listing Date: 2018-04-27
Sold Price: $13,000,000
Location, Tax & Legal
City: KEY LARGO
Off Shore Island: No
Mile Marker: 99.5
Side: Bay/Gulf
Flood Zone: X,AE,VE,VE
Alternate Key #: 8750307
Parcel #: 00504170-000100
Zoning: SC - Sub Urban Commercial District
Legal: REVISED PLAT OF SUNSET COVE PB2-20 KEY LARGO ALL TRACT 20 AND LOTS 1 THRU 7 TRACT 21 LESS N 100FT OF LOTS 3 THRU 6 OR130
Taxes: 46276.26
Tax Year: 2017
Street #: 99490
Street Name: Overseas
Street Suffix: Highway
Key/Island: Key Largo
State/Province: FL
Zip Code: 33037
Subdivision: Sunset Cove (99.5)
County: Monroe
Area: 27 - Key Largo MM 97-107
General Property Description
Realtor.COM Type: Commercial
Waterfront: Yes
Control Depth: 4
Lot SqFt: 104979
Business Name: Bayside Resort
Total Units: 0
Year Established: 2001-01-01
Off Street Parking: Yes
# Stories: 3
SqFt Source: Tax Records
Total # Buildings: 4
Building SqFt: 22502
Style: Commercial
Living Apx SqFt: 2000
Year Built: 2000
Total Bedrooms: 56
Full Baths: 60
Total Baths: 60
Remarks & Misc
Remarks – Consumer: Florida Keys Bayfront 56 unit hotel featuring magnificent sunsets, a sandy beach, pool, fitness center, and dockage and jettys. The resort is of CBS and twin ''T'' construction with tin roofs, accordian shutters, elevator and fire hydrants on each floor. There is a Sushi Thai leased mo. to mo. for $3,952. Centrally located in Key Largo, the dive capital of the world. Walking distance to numerous restaurants & Tiki bars as well as fishing charter/dive boats going to John Pennekamp Coral Reef State Park. Possible expansion of 54 hotel units to 54 one bedroom suites subject to Monroe County approval. All prospects must sign and strictly respect the confidentiality/non-disclosure agreement. Site visits will only be allowed upon buyer qualification and require the listing agent's presence.
Deed Restrictions
No: 1
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
License Info
# of County License: 2
# of Transient Licns: 56
2-Cop (Beer & Wine): 1
Type
Hotel/Motel: 1
Restaurant: 1
Fee Includes
None: 1
Misc Property Info
Recorded Plat: Yes
Dockage
Dock: Concrete
Seawall: Concrete
Appliances
Range: 1
Refrigerator: 1
Property Info
1 Bed/Bath: 56
Cooling
Central Air: 1
Heat Pump: 1
Waterfront
Bay Front: 1
Electric
220 Volt: 1
Waterview
Bay/Gulf View: 1
Floor
Concrete: 1
Interior Features
Furnished: 1
Vehicle Storage
Off Street Parking: 1
Construction
CBS: 1
Land Size
2 Less Than 5 Acres: 1
Terms
Buyer Obtain Finance: 1
No Seller Finance: 1
Utilities
Community Swr Plant: 1
FKAA: 1
Title
Title Ins - Buyer: 1
Property Rights
Beverage License: 1
Boat Slip Lease: 1
Transient License: 1
Miscellaneous
Elevator: 1
Fencing: 1
Handicap Access: 1
High Traffc Location: 1
High Visibility: 1
Highway Frontage: 1
Lobby: 1
Open Water View: 1
Pool: 1
Security System: 1
Roof
Tin Roof: 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Shutters
Accordion: 1
Status Change Info
Sold Date: 2018-10-24
Sold Price: $13,000,000
Status: Closed
Property Features
Deed Restrictions: No
License Info: 2-Cop (Beer & Wine)
Type: Hotel/Motel; Restaurant
Waterfront: Bay Front
Waterview: Bay/Gulf View
Vehicle Storage: Off Street Parking
Cooling: Central Air; Heat Pump
Utilities: Community Swr Plant; FKAA
Interior Features: Furnished
Appliances: Range; Refrigerator
Miscellaneous: Elevator; Fencing; Handicap Access; High Traffc Location; High Visibility; Highway Frontage; Lobby; Open Water View; Pool; Security System
Construction: CBS
Electric: 220 Volt
Shutters: Accordion
Floor: Concrete
Roof: Tin Roof
Land Size: 2 Less Than 5 Acres
Fee Includes: None
Terms: Buyer Obtain Finance; No Seller Finance
Title: Title Ins - Buyer
Property Rights: Beverage License; Boat Slip Lease; Transient License
Property Record Card ›
Confidentiality Agreement ›
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.