1211 Overseas, Big Coppitt, FL 33040 (MLS# 509047)

1211 Overseas, Big Coppitt, FL 33040

$4,600,000

Property Type: Commercial Lot Size (sq. ft.): 23,522 Status: Closed

Current Price: $4,600,000 List Date: 10/19/2001 Last Modified: 9/09/2024

Description

Lush Tropical Landscaping accents this 40 unit waterfront resort. Over 600 ft. of prime US-1 frontage just 7 miles from Key West. High traffic location with long established repeat clientele. Excellent financials. While most keys resorts suffered greatly from 9/11 this property showed a much smaller decrease than average. This years financials show a strong increase in revenue to near pre 9/11

Supplements: levels. This property is impecibly maintained and operated. There are several undeveloped possibilities of additional revenue . This property is a must see if your looking for a Florida Keys motel where the financials and condition of the property justify the sales price . Appraised September 2003 for $ 4,900,000.00

More Information MLS# 509047

Contract Information

Listing Board: Florida Keys Range Pricing: No Limited Representation: Yes As is Rght to Inspct: Yes Current Price: $4,600,000 Listing Date: 2001-10-19 Sold Price: $4,600,000

Location, Tax & Legal

City: Big Coppitt Mile Marker: 10.5 Side: Bay/Gulf Alternate Key #: 1154717 Parcel #: 00121050-000000 Zoning: SC - Sub Urban Commercial District Legal: 22 67 26 AA67622-07 BIG COPPITT KEY PT LOT 1 OR505-632 OR844-1155/1156 OR891-223/225 OR913-203 Taxes: 7800 Tax Year: 2000 Street #: 1211 Street Name: Overseas Key/Island: Big Coppitt State/Province: FL Zip Code: 33040 Subdivision: Gulf View (10.0) County: Monroe Area: 05 - Stock Island to Shark Key

General Property Description

Realtor.COM Type: Rental Waterfront: Yes Control Depth: 3 Lot SqFt: 23522 Business Name: CARIBBEAN VILLAGE Total Units: 40 # Stories: 0 Building Ht. Ft.: 0 Total # Buildings: 0 Building SqFt: 0 Style: Commercial Year Built: 84

Remarks & Misc

Remarks – Consumer: Lush Tropical Landscaping accents this 40 unit waterfront resort. Over 600 ft. of prime US-1 frontage just 7 miles from Key West. High traffic location with long established repeat clientele. Excellent financials. While most keys resorts suffered greatly from 9/11 this property showed a much smaller decrease than average. This years financials show a strong increase in revenue to near pre 9/11 Directions: Bayside on U.S.-1 at mile marker 10.75

Deed Restrictions

No: 1

Type

Apartment 3 or more: 1 Hotel/Motel: 1 Marina: 1

Fee Includes

None: 1

Dockage

Boat Ramp: 1

Appliances

Dryer: 1 Range: 1 Refrigerator: 1 Washer: 1

Property Info

License Included: 1

Cooling

Ceiling Fans(s): 1 Central Air: 1 Wall/Window Unit(s): 1

Waterfront

Bay Front: 1

Electric

220 Volt: 1 Circuit Breakers: 1 Three Phase: 1

Waterview

Bay/Gulf View: 1 Canal View: 1

Floor

Carpet: 1 Combo: 1 Wood: 1

Interior Features

Laundry Room: 1

Windows/Doors

Double Hung Windows: 1 French Doors: 1 Jalousie Windows: 1 Sliding Glass Doors: 1

Vehicle Storage

Guest Parking: 1

Construction

CBS: 1 Frame: 1 Other: 1

Land Size

2 Less Than 5 Acres: 1

Terms

Seller Finance Psble: 1

Utilities

FKAA: 1 Individual Swr Plant: 1

Miscellaneous

Chickee Hut: 1 Manager on Premises: 1

Roof

Tin Roof: 1

Status Change Info

Sold Date: 2004-12-18 Sold Price: $4,600,000 Status: Closed

Property Features

Deed Restrictions: No Property Info: License Included Type: Apartment 3 or more; Hotel/Motel; Marina Waterfront: Bay Front Waterview: Bay/Gulf View; Canal View Dockage: Boat Ramp Vehicle Storage: Guest Parking Cooling: Ceiling Fans(s); Central Air; Wall/Window Unit(s) Utilities: FKAA; Individual Swr Plant Interior Features: Laundry Room Appliances: Dryer; Range; Refrigerator; Washer Miscellaneous: Chickee Hut; Manager on Premises Construction: CBS; Frame; Other Electric: 220 Volt; Circuit Breakers; Three Phase Floor: Carpet; Combo; Wood Roof: Tin Roof Land Size: 2 Less Than 5 Acres Fee Includes: None Terms: Seller Finance Psble

Listing Office: Exit Realty Florida Keys TAV

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.