$12,500,000
Key West, FL 33040
MLS# 611314
Status: Closed
10305 sqft
1 / 41
Property Description
The Paradise Inn, with its subtle luxury and Bahamian charm, is situated in the center of Old Town Key West only a short walk or bicycle ride from the shops at Mallory Square, Duval Street, The Ernest Hemingway Home, and The Key West Butterfly Conservatory. The Hotel features an upscale amenity base including spacious gardens filled with exotic flora, a fountain-fed pool, jacuzzi, complimentary breakfast, daily wine & cheese happy hour, and 24-hour coffee. Ownership also owns a two-story building next to Paradise, on 817 Simonton Street, where there is a fully renovated 2BR/1BA apartment, with private balcony, and washer and dryer on the second floor. On the first floor there is a commercial space that is currently leased out as a SPA. There are also six parking spaces at this Property.
Details
Maps
Contract Information
Current Price: $12,500,000
Listing Date: 2024-08-23
Listing Board: Key West Association
Leased Price Monthly: $12,500,000
Limited Representation: No
As is Rght to Inspct: Yes
For Sale/Lease: For Sale
Potential Short Sale: No
Bank Owned: No
Species List: No
Location, Tax & Legal
Street #: 819
Street Name: Simonton
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
Subdivision: Old Town - Unrecord (1.0)
County: Monroe
Area: 01 - Key West
General Property Description
Realtor.COM Type: Commercial
Style: Commercial
Lot Size: Unkown
Lot SqFt: 33873
Waterfront: No
Business Name: Paradise Inn
Off Street Parking: Yes
# Stories: 2
Total # Buildings: 6
Building SqFt: 10305
SqFt Source: Property Data Card
Living Apx SqFt: 10305
Total Units: 18
Year Built: 1995
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Under Contract Date: 2025-03-03
Leased Date: 2025-07-23
Leased Price Monthly: $12,500,000
Status: Closed
Property Features
Type: Hotel/Motel
Waterfront: None
Waterview: No Waterview
Dockage: None
Utilities: FKAA; Municipal Sewer
Construction: Frame
Land Size: 1/2 - Less Than 1 AC
Fee Includes: None
Listing Office: Berkshire Hathaway HomeServices Knight & Gardner Realty
Last Updated: July - 23 - 2025
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