107900 Overseas Highway, Key Largo, FL 33037 (MLS# 119608)

107900 Overseas Highway, Key Largo, FL 33037

$11,200,000

Property Type: Commercial Lot Size (sq. ft.): 180,773 Status: Closed

Current Price: $11,200,000 List Date: 4/01/2014 Last Modified: 9/10/2024

Description

Amazing 4 acre Keys Resort! Gilbert's is the perfect getaway and only a 45 minute drive from Miami. 38 hotel rooms, 38 deeded boat slips + 680' dockage on deep water Intercostal Waterway. 4,600 sq ft 160 seat restaurant, Spectacular 6,000 sq ft+ outdoor TIKI rest/bar w/280 seats, & separate 1,500' Tiki Bar on beach. Liquor lic. incl. Beautiful beach, marina, dock office, front desk, pool, 8,000 gal fuel, boat ramp. Transient lic'd. Private entry to US-1. Developmental rights to 38 1-bed hotel available. Operate as-is or remodel to new hotel or condo. Potential owner financing.

More Information MLS# 119608

Contract Information

Listing Board: Key West Association Limited Representation: No As is Rght to Inspct: Yes Potential Short Sale: No Bank Owned: No For Sale/Lease: For Sale Species List: Yes Current Price: $11,200,000 Listing Date: 2014-04-01 Sold Price: $11,200,000

Location, Tax & Legal

KW Neighborhood: Outside of Key West City: KEY LARGO Mile Marker: 107 Side: Bay/Gulf Alternate Key #: 1092410 Parcel #: 00083770-000000 Bldg Nbr: 0 Zoning: SC - Sub Urban Commercial District Taxes: 53249 Tax Year: 2013 Street #: 107900 Street Name: Overseas Street Suffix: Highway Key/Island: Key Largo State/Province: FL Zip Code: 33037 Subdivision: Key Largo City Garden Cove (106.0) County: Monroe Area: 27 - Key Largo MM 97-107

General Property Description

Realtor.COM Type: Commercial Waterfront: Yes Control Depth: 8 Lot SqFt: 180773 Business Name: Gilbert's Restort Total Units: 38 Year Established: 1967-01-01 # Parking Spaces: 0 # Stories: 0 Building Ht. Ft.: 0 Total # Buildings: 0 Building SqFt: 19330 Style: Commercial Year Built: 1967

Remarks & Misc

Remarks – Consumer: Amazing 4 acre Keys Resort! Gilbert's is the perfect getaway and only a 45 minute drive from Miami. 38 hotel rooms, 38 deeded boat slips + 680' dockage on deep water Intercostal Waterway. 4,600 sq ft 160 seat restaurant, Spectacular 6,000 sq ft+ outdoor TIKI rest/bar w/280 seats, & separate 1,500' Tiki Bar on beach. Liquor lic. incl. Beautiful beach, marina, dock office, front desk, pool, 8,000 gal fuel, boat ramp. Transient lic'd. Private entry to US-1. Developmental rights to 38 1-bed hotel available. Operate as-is or remodel to new hotel or condo. Potential owner financing.

Deed Restrictions

Unknown: 1

Association Info

Mandatory Home Owners Asc: No Association Fee $: 0

License Info

# of Transient Licns: 2 Non Trans Rntl Lic: 1 SRX (Non-Transferab): 1

Type

Hotel/Motel: 1 Marina: 1 Office Buildings: 1 Restaurant: 1 Other Services: 1

Dockage

Dock: Other Boat Slip: 1 Seawall: Other Other Dockage: 1

Property Info

Gross Annual Expense: 0 NOI: 0

Cooling

Ceiling Fans(s): 1 Heat: 1 Heat Pump: 1 Wall/Window Unit(s): 1

Waterfront

Bay Front: 1 Gulf Front: 1 Open Water: 1

Waterview

Bay/Gulf View: 1 Open Water View: 1

Floor

Combo: 1 Concrete: 1 Tile: 1 Wood: 1

Interior Features

Laundry Room: 1

Windows/Doors

Aluminum Windows: 1 Single Hung Windows: 1

Vehicle Storage

Off Street Parking: 1

Construction

CBS: 1 Combo Construction: 1 Concrete: 1 Frame: 1 Other: 1

Land Size

2 Less Than 5 Acres: 1

Terms

Seller Finance Psble: 1

Utilities

Community Swr Plant: 1 FKAA: 1 Individual Swr Plant: 1 Separate Meters: 1 Sewer Available: 1

Title

Negotiable: 1

Property Rights

Beverage License: 1

Miscellaneous

Chickee Hut: 1 High Traffc Location: 1 High Visibility: 1 Highway Frontage: 1 Manager on Premises: 1 Open Water View: 1 Pool: 1 Residence on Premise: 1 Storage: 1

Roof

Combo Roof: 1 Concrete Roof: 1 Shake Roof: 1 Shingle Roof: 1 Tar/Gravel Roof: 1

Financial Status

Bank Owned: No Potential Short Sale: No

Status Change Info

Sold Date: 2014-08-28 Sold Price: $11,200,000 Status: Closed

Property Features

Deed Restrictions: Unknown License Info: Non Trans Rntl Lic; SRX (Non-Transferab) Type: Hotel/Motel; Marina; Office Buildings; Restaurant; Other Services Waterfront: Bay Front; Gulf Front; Open Water Waterview: Bay/Gulf View; Open Water View Dockage: Boat Slip; Other Dockage Vehicle Storage: Off Street Parking Cooling: Ceiling Fans(s); Heat; Heat Pump; Wall/Window Unit(s) Utilities: Community Swr Plant; FKAA; Individual Swr Plant; Separate Meters; Sewer Available Interior Features: Laundry Room Miscellaneous: Chickee Hut; High Traffc Location; High Visibility; Highway Frontage; Manager on Premises; Open Water View; Pool; Residence on Premise; Storage Construction: CBS; Combo Construction; Concrete; Frame; Other Floor: Combo; Concrete; Tile; Wood Roof: Combo Roof; Concrete Roof; Shake Roof; Shingle Roof; Tar/Gravel Roof Land Size: 2 Less Than 5 Acres Terms: Seller Finance Psble Title: Negotiable Property Rights: Beverage License

Listing Office: Royal Palms Realty (KW)

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.