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$2,350,000
109 Carroll Street 9
Upper Matecumbe Key Islamorada, FL 33036
MLS# 569334
Status: Closed
3 beds  |  1 baths  |  1627 sqft


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LIST SITE IMG_1720 IMG_1715 IMG_1716 IMG_1717 IMG_1719 PC240722 PC240725 PC240726 PC240727 PC240728 PC240729 PC240736

Property Description
Price includes (1) Tri Plex and (1) SFR as well as 3 Transient Rights; This site offers several opportunities for the investor, looking to have 3 Legal Short Term Rentals on a very private parcel. The Tri Plex & SFR fully rented; May be purchased separately at following prices; Tri Plex @ $659,000 SFR @ $399,000; Commercial with transient rights @ $3,250,000 See Document Tab for Add Information

Details
Maps
Documents
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: $2,350,000
Listing Date: 2015-12-23
Sold Price: $2,350,000
Location, Tax & Legal
KW Neighborhood: Outside of Key West
Unit #: 9
City: ISLAMORADA
Off Shore Island: No
Mile Marker: 82.5
Marathon Neighborhood: N/A
Side: Ocean
Flood Zone: AE,AE,VE,VE,AE,VE
Alternate Key #: 1493015
Parcel #: 00400720-000000
Zoning: TC - Tourist Commercial
Legal: STRATTONS SUBD PB 2-38 UPPER MATECUMBE NE 1/2 LOT 2 SQR 10 AND 33 63 37 BAY BTM SLY ADJ TO NELY 1/2 LOT 2 BLK 10 G24-94
Taxes: 17159.59
Tax Year: 2015
Street #: 109
Street Name: Carroll
Street Suffix: Street
Key/Island: Upper Matecumbe Key Islamorada
State/Province: FL
Zip Code: 33036
Subdivision: Strattons (82.5)
County: Monroe
Area: 23 - Upper Matecumbe
General Property Description
Realtor.COM Type: Multi-Family
Waterfront: Yes
Control Depth: 4
Lot SqFt: 81439
Total Units: 0
Building SqFt: 0
Style: Misc Prop Rights
Living Apx SqFt: 1627
Total Bedrooms: 3
Full Baths: 1
Total Baths: 1
Remarks & Misc
Remarks – Consumer: Price includes (1) Tri Plex and (1) SFR as well as 3 Transient Rights; This site offers several opportunities for the investor, looking to have 3 Legal Short Term Rentals on a very private parcel. The Tri Plex & SFR fully rented; May be purchased separately at following prices; Tri Plex @ $659,000 SFR @ $399,000; Commercial with transient rights @ $3,250,000 See Document Tab for Add Information
Directions: Turn at Shrimp Shack head east onto Carroll St.; turn left property is 2nd and 3rd on right.
Status Change Info
Sold Comments: Sale the Tourist Commercial site of the listing.
Sold Date: 2019-12-30
Sold Price: $2,350,000
Status: Closed
Deed Restrictions
No: 1
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
License Info
# of Transient Licns: 3
Type
Apartment 3 or more: 1
Fee Includes
Other: 1
Misc Property Info
Recorded Plat: Yes
Dockage
Dock Length: 500
Dock: Wood
Appliances
Other: Appliances included
Waterfront
Oceanfront: 1
Waterview
Ocean View: 1
Open Water View: 1
No Waterview: 1
Vehicle Storage
Common Parking: 1
Construction
CBS: 1
Land Size
1 Less Than 2 Acres: 1
Terms
Buyer Obtain Finance: 1
Utilities
FKAA: 1
Sewer Available: 1
Title
Title Ins - Buyer: 1
Property Rights
Transient License: 1
Miscellaneous
Fencing: 1
Open Water View: 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Property Features
Deed Restrictions: No
Type: Apartment 3 or more
Waterfront: Oceanfront
Waterview: Ocean View; Open Water View; No Waterview
Vehicle Storage: Common Parking
Utilities: FKAA; Sewer Available
Miscellaneous: Fencing; Open Water View
Construction: CBS
Land Size: 1 Less Than 2 Acres
Fee Includes: Other
Terms: Buyer Obtain Finance
Title: Title Ins - Buyer
Property Rights: Transient License
Supplements
The Beach property is over 695' deep from the street to the shore line (plus 200' of submerged land deed) and is 100' wide and 1.89 gross acres. (plat is not to the shore line, see second attachment) It has the second longest pier in the Keys at over 500' long with power and lighting and 100' of beach front. This property is zoned Tourist Commercial w/ 3 building rights and 3 Transient Tourist licenses. The plans attached have 5 buildings shown, but these were conceptual plans based on obtaining two more licenses. The Triplex at 107 Carroll Street is zoned residential w/ three building rights. Property size is 100' x 100' (including road) The one story single family home at 109-C Carroll Street is zoned residential with one building right. Property size is 100' x 100' (including road) The purpose of the tourist commercial (TC) zoning district is to accommodate existing tourist lodging, tourist attractions and supportive facilities. (2) This zoning district is established within the Mixed Use (MU) FLUM category. (b) Permitted uses. The following uses are permitted uses provided that they do not contain a drive-in or drive-through component. (1) Single family dwelling units of 25 dwelling units or less, except the conversion of existing hotels or motels to single-family dwelling units is not permitted; (2) Deed restricted affordable housing dwelling units of 25 dwelling units or less, except the conversion of existing hotels or motels to dwelling units is not permitted; (3) Hotels and motels with 25 rooms or less; (4) Recreational equipment rental; (5) Restaurants less than 1,500 square feet; (6) Brewpubs less than 1,500 square feet; and (7) Accessory uses and structures, excluding guesthouses. (c) Uses reviewed as a minor conditional use. The following uses are reviewed as minor conditional uses provided that they do not contain a drive-in or drive-through component. (1) Any permitted residential use, greater than 25 dwelling units, except that motels and hotels shall not be considered a residential use; (2) Bars, taverns and drinking places less than 5,000 square feet; (3) Brewpubs of 1,500 to 3,000 square feet; (4) Commercial recreational facility less than 5,000 square feet; (5) Community pier or public dock; (6) Docking facility; (7) Hotels or motels having more than 25 rooms and less than 50 rooms; (8) Infrastructure and municipal utility facilities; (9) Restaurants of 1,500 to 3,000 square feet; and (10) Attached wireless facility. (d) Uses reviewed as a major conditional use. (1) Hotels or motels having 50 rooms or more; (2) Brewpubs of 3,001 to 5,000 square feet; (3) Commercial recreational uses of 5,000 square feet or greater; (4) Marina redevelopment; (5) Restaurants of 3,001 to 5,000 square feet; (6) Stealth wireless facility; (7) Outdoor storage and display areas pursuant to article VI, division 8 of this chapter; and (8) Any use listed above as a permitted or minor conditional use, or a major conditional use listed herein, provided that the use contains a drive-in or drive-through component. (e) Site development standards. (1) Minimum lot area: Not applicable. (2) Maximum building height: 35 feet. (3) Maximum developable lot coverage: Not applicable. (4) Setbacks: a. Front yard: Minimum 25 feet. Front yard setback may be reduced to the minimum required bufferyard width pursuant to division 6 of this article only for covered unenclosed areas, outdoor seating areas, balconies, roof overhangs, walkways, stairways and entryways. b. Street side yard: Minimum ten feet, or the required bufferyard width pursuant to division 6 of this article, whichever is less. c. Interior side yard: Minimum ten feet. d. Rear yard: Minimum 20 feet. e. Rear yard on shoreline: See article VII, division 2 of this chapter. (5) Floor area: Maximum floor area for principal structures: 0.25 FAR or 0.35 FAR with TDRs or with working waterfronts pursuant to article IV, division 17 of this chapter. (6) Density: Up to six dwelling units per acre, or up to 12 dwelling units per acre with TDRs or affordable housing, or up to 15 affordable housing dwelling units per acre may be permitted if the proposed development provides for an increase of one Class in all required bufferyards; however, on commercially developed parcels of land, the density requirements for affordable housing provided herein shall not exceed 12 dwelling units per acre, notwithstanding any nonresidential floor area or FAR, or market rate residential dwelling units; except that on commercially developed parcels of land, the density requirements for affordable housing provided herein shall not exceed 15 dwelling units per acre, notwithstanding any nonresidential floor area or FAR, or market rate residential dwelling units, if the proposed development provides for an increase of one Class in all required bufferyards. (7) Open space: See article VII, division 4 of this chapter. (8) Landscape requirements: See division 6 of this article. (9) Parking requirements: See division 7 of this article.

Listing Office: Ocean Sotheby's International Realty

Last Updated: September - 10 - 2024

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