$8,840,000
Key West, FL 33040
MLS# 120544
Status: Closed
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Property Description
***For Statistical Purposes Only*** Sale represents: (1) the deed transfers of 20 upscale condo-tel' suite units consisting of 4 efficiency, 12x1 bedroom, and 4x2 bedroom apts, each with transient license and operated as the Island City House Hotel, a boutique hotel comprised of 5 historic buildings at 411 William St. and 810-812 Eaton St.; (2) the management company for the hotel, which manages all 24 hotel units within the hotel (the 20 being sold plus an additional 4 transient licensed suite units), and; (3) the 3 bedroom/2 bath single family home at 814 Eaton St. (4) EXCLUSIONS: The 4x1 bedroom apts excluded from this sale are units #'s 9, 12, 16, & 24.
Details
Maps
Contract Information
Current Price: $8,840,000
Listing Date: 2014-10-28
Listing Board: Key West Association
Leased Price Monthly: $8,840,000
Limited Representation: Yes
As is Rght to Inspct: Yes
For Sale/Lease: For Sale
Potential Short Sale: No
Bank Owned: No
Location, Tax & Legal
Street #: 411
Street Name: William
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
Subdivision: Old Town - Unlisted (1.0)
County: Monroe
Area: 01 - Key West
General Property Description
Realtor.COM Type: Commercial
Style: Commercial
Lot SqFt: 28000
Waterfront: No
Business Name: Island City House
Building SqFt: 12300
Total Units: 20
Year Built: 1889
Association Info
Mandatory Home Owners Asc: No
License Info
# of Transient Licns: 2
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Under Contract Date: 2014-10-29
Leased Date: 2014-10-29
Leased Price Monthly: $8,840,000
Status: Closed
Property Features
Deed Restrictions: Yes
Type: Hotel/Motel; Other Services
Dockage: None
Cooling: Ceiling Fans(s); Central Air; Heat; Heat Pump; Wall/Window Unit(s)
Utilities: FKAA; Municipal Sewer
Construction: Frame
Land Size: 1/2 - Less Than 1 AC
Listing Office: At Home in Key West, Inc.
Last Updated: September - 09 - 2024
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