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$10,000,000
325 Duval Street
Key West, FL 33040
MLS# 598172
Status: Closed
14 beds  |  12 baths  |  2640 sqft
Casa 325 Guesthouse - offering 12 oversize units, located in two separate buildings - heated pool.
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Casa 325 Guesthouse - offering 12 oversize units, located in two separate buildings - heated pool. Located within the Duval Street Entertainment District. 3-4 block radius of bars, restaurants & Cruise ship port. Offering heated pool, parking and 12 oversized suites - 7 with kitchens. Heated Pool Historically significant, 100 + year old building housing (7) of the 12 units, setback from Duval Street. 200' Deep Lot Heated Pool . . . . . . . . 6-7 Car Lot Parking Area Rear staircase to units 5&6 offering loft bedrooms Large heated pool area 40' bricked walkway entrance off Duval Street to office/lobby Check in. Main entrance set back off of busy Duval Street. Mobile information booth rolls across the driveway Booth has maximum sidewalk exposure. Booth currently leased for $2,000 per month. Heavily shaded red bricked patio area. 60' narrow driveway leads to the 6 compact car parking area. Canopy covered steps to the Check in Office/Lobby area. Convenient for early check in guests storing luggage. Check in Office/Lobby Formerly the foyer to this 100 + year old Victorian structure - now serves as the Check in Office. Bricked walkway leading to Duval Street. . One bedroom One Bedroom with Kitchen Units #2 & #3 share a canopy covered porch. Rented individually or can be open up to a combined large unit. Oversized unit offering two Queen beds and a spacious sitting area. casa325 003 Custom bed frames constructed from reclaimed Dade County Pine. Unit#11 can easily be converted into a two bedroom instead of its current oversized one bedroom configuration. One of (7) units that have sink & kitchen cabinets. Caters to longer staying guests. Kitchen without Stove . Lilly - 1st Floor casa325 009 Twin Studio Loft Suite 6 (4) Ladder to the loft of this units offering two queen beds and a rear staircase from the loft. Two Queen beds offered in the loft area of Units 5&6. Both units are identical in layout & size and have adjoining doors. One Bedroom Driveway to parking area along the left side. Bricked entrance way along the right side. (single story street side building not part of this offering) Casa 325 Guesthouse - offering 12 oversize units, located in two separate buildings - heated pool. Most Key West guesthouses do not offer such a large pool area. New heater installed 3/2022.

Property Description
Possible Short term Owner Financing Considered - Lower Duval Street, 12 unit guesthouse complex offering over sized single rooms, suites & 2 bedroom units with kitchens with large heated pool. - - - Perfect location within the 2-4 block Entertainment District of Old Town inclusive of bars, restaurants, theaters, Mallory Square attractions and the cruise ship port. >>>> Huge 13,000 sq ft parcel buffered from traffic & street noise, with rooms being setback 40' from Duval. The 200' deep parcel provides a unique 100 foot separation between the front & rear, 3 & 2 story structures - offering guests considerably more privacy. *** Valuable 6 space, compact car guest parking situated between the two collective 7,000 sq.ft buildings. Casa 325 Suites offers a melding of a (7) unit, 100 year old 3 story, ship builders' construction - along with a more recently developed, 5 unit, 2 story structure offering larger rooms & vaulted ceilings. +++ All units have custom furniture built from reclaimed Dade County Pine. Large 2 bdrm ADA unit with kitchen. Prime Duval Street attractions booth included, situated at driveway entrance, currently leased out but should be operated by the Guesthouse operation itself. ||||| Go to Casa325.com for full array of pictures, layout of units & rates. Excellent Trip Advisor Rating. There are also (13) electric meters & ( 7 ) water meters on site. ** See 'Documents for Survey, Licenses & aerial with lot lines ** CASH FLOW - 2021 - $1.33 mil gross / NOI - $705,000. 89% Average Occupancy |2022 - $1.3 mil gross / NOI $600,000 - 88% Average Occupancy. $665,000 Advance Bookings as of 10/2023 - 12/2024 The over sized rooms and property amenities will support higher rates than what is being charged. (7) out of the 12 units have kitchens

Details
Maps
Documents
Contract Information
Listing Board: Key West Association
Limited Representation: No
Potential Short Sale: No
Bank Owned: No
For Sale/Lease: For Sale
Species List: No
Current Price: $10,000,000
Listing Date: 2021-10-20
Sold Price: $10,000,000
Location, Tax & Legal
KW Neighborhood: Old Town-N of Truman
City: KEY WEST
Off Shore Island: No
Mile Marker: 1
Marathon Neighborhood: N/A
Side: N/A
Flood Zone: 0.2 PCT ANNUAL CHANC
Alternate Key #: 1004499
Parcel #: 00004320-000000
Zoning: HRCC - Historic Residential Commercial Core
Legal: KW PT LOT 4 SQR 24 H3-262 G39-327/28 OR107-365/66 OR1190-2210 OR1198-1129/30 OR1235-1123D/C OR1235-1124/43 OR1235-1146/
Taxes: 29998.8
Tax Year: 2020
Street #: 325
Street Name: Duval
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
Subdivision: Old Town - Unlisted (1.0)
County: Monroe
Area: 02 - Key West
General Property Description
Realtor.COM Type: Commercial
Waterfront: No
Control Depth: 0
Lot Size: 55' x 241
Lot SqFt: 12725
Business Name: casa325 suites
Total Units: 0
Year Established: 1989-12-31
# Parking Spaces: 6
Off Street Parking: yes
# Stories: 2
SqFt Source: Property Data Card
Total # Buildings: 2
Building SqFt: 6235
Style: Commercial
Living Apx SqFt: 2640
Year Built: 1933
Total Bedrooms: 14
Full Baths: 12
Total Baths: 12
Remarks & Misc
Remarks – Consumer: Possible Short term Owner Financing Considered - Lower Duval Street, 12 unit guesthouse complex offering over sized single rooms, suites & 2 bedroom units with kitchens with large heated pool. - - - Perfect location within the 2-4 block Entertainment District of Old Town inclusive of bars, restaurants, theaters, Mallory Square attractions and the cruise ship port. >>>> Huge 13,000 sq ft parcel buffered from traffic & street noise, with rooms being setback 40' from Duval. The 200' deep parcel provides a unique 100 foot separation between the front & rear, 3 & 2 story structures - offering guests considerably more privacy. *** Valuable 6 space, compact car guest parking situated between the two collective 7,000 sq.ft buildings. Casa 325 Suites offers a melding of a (7) unit, 100 year old 3 story, ship builders' construction - along with a more recently developed, 5 unit, 2 story structure offering larger rooms & vaulted ceilings. +++ All units have custom furniture built from reclaimed Dade County Pine. Large 2 bdrm ADA unit with kitchen. Prime Duval Street attractions booth included, situated at driveway entrance, currently leased out but should be operated by the Guesthouse operation itself. ||||| Go to Casa325.com for full array of pictures, layout of units & rates. Excellent Trip Advisor Rating. There are also (13) electric meters & ( 7 ) water meters on site. ** See 'Documents for Survey, Licenses & aerial with lot lines ** CASH FLOW - 2021 - $1.33 mil gross / NOI - $705,000. 89% Average Occupancy |2022 - $1.3 mil gross / NOI $600,000 - 88% Average Occupancy. $665,000 Advance Bookings as of 10/2023 - 12/2024 The over sized rooms and property amenities will support higher rates than what is being charged. (7) out of the 12 units have kitchens
Deed Restrictions
No: 1
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
License Info
# of City License: 12
# of County License: 12
# of Transient Licns: 12
Other/See Remarks: 1
Type
Hotel/Motel: 1
Fee Includes
None: 1
Dockage
None: 1
Accounts & Meters
# Water Meters: 7
# Electric Meters: 13
Appliances
Refrigerator: 1
Washer: 1
Property Info
# Kitchens: 7
# Refrigerators: 12
# Washers: 3
# Dryers: 3
License Included: 1
Cooling
Ceiling Fans(s): 1
Central Air: 1
Heat Pump: 1
Wall/Window Unit(s): 1
Waterfront
None: 1
Electric
Circuit Breakers: 1
Waterview
No Waterview: 1
Floor
Wood: 1
Interior Features
Cathedral Ceilings: 1
Drapes/Blinds Incl: 1
Furnished: 1
Laundry Room: 1
Smoke Alarms: 1
Split Bedroom: 1
Window Treatments: 1
Windows/Doors
Double Hung Windows: 1
Vehicle Storage
Guest Parking: 1
Off Street Parking: 1
Construction
Frame: 1
Land Size
Less Than 1/4 Acre: 1
Utilities
FKAA: 1
Municipal Sewer: 1
Title
Negotiable: 1
Property Rights
Transient License: 1
Miscellaneous
Lobby: 1
Patio: 1
Pool: 1
Utility Building: 1
Roof
Shingle Roof: 1
Tin Roof: 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Shutters
Panel: 1
Status Change Info
Sold Date: 2023-12-15
Sold Price: $10,000,000
Status: Closed
Property Features
Deed Restrictions: No
License Info: Other/See Remarks
Property Info: License Included
Type: Hotel/Motel
Waterfront: None
Waterview: No Waterview
Dockage: None
Vehicle Storage: Guest Parking; Off Street Parking
Cooling: Ceiling Fans(s); Central Air; Heat Pump; Wall/Window Unit(s)
Utilities: FKAA; Municipal Sewer
Interior Features: Cathedral Ceilings; Drapes/Blinds Incl; Furnished; Laundry Room; Smoke Alarms; Split Bedroom; Window Treatments
Appliances: Refrigerator; Washer
Miscellaneous: Lobby; Patio; Pool; Utility Building
Construction: Frame
Electric: Circuit Breakers
Shutters: Panel
Floor: Wood
Roof: Shingle Roof; Tin Roof
Land Size: Less Than 1/4 Acre
Fee Includes: None
Title: Negotiable
Property Rights: Transient License
Listing Office: Berkshire Hathaway HomeServices Knight & Gardner Realty

Last Updated: September - 09 - 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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