136 Madeira Road, Upper Matecumbe Key Islamorada, FL 33036 (MLS# 559459)

136 Madeira Road, Upper Matecumbe Key Islamorada, FL 33036

$5,250,000

Property Type: Commercial Bedrooms: 16 Baths: 16 Square Footage: 9,082 Lot Size (sq. ft.): 67,500 Status: Closed

Current Price: $5,250,000 List Date: 11/22/2013 Last Modified: 9/10/2024

Description

A boutique hotel situated on the aqua blue waters of Florida Bay will transport your guests to the world of relaxation and tranquility. Celebrating Sunsets Dailey! 16 existing hotel rooms are featured in two buildings - Sea View and Garden View. Potential to add 2 more units with site plan approvals and permit application already submitted to The Village of Islamorada.

Supplements: Building 1 - Garden View - built originally in 1958 - features 11 units that have been recently refurbished with updates. Building 2 - Sea View - built originally in 1950 - features 5 units that have been recently refurbished with updates. As you approach the waterfront a classic Bridge over the basin and dockage area you are lead to the Gazebo and Boathouse. The boat basin accomodates 15 boats up to 25 ft. in length.

More Information MLS# 559459

Contract Information

Listing Board: Florida Keys Limited Representation: No As is Rght to Inspct: Yes Potential Short Sale: No Bank Owned: No For Sale/Lease: For Sale Species List: No Current Price: $5,250,000 Listing Date: 2012-11-12 Sold Price: $5,250,000

Location, Tax & Legal

City: ISLAMORADA Off Shore Island: No Mile Marker: 82.5 Side: Bay/Gulf Alternate Key #: 8906561 Parcel #: 00399491-000000 Zoning: TC - Tourist Commercial Legal: STRATTONS SUB PB2-38 UPPER MATECUMBE N 1/2 LOT 10 & ALL LOT 11 BK 4 & BB NW'LY & ADJ OR459-976/79 OR817-2029/31 OR886-2 Taxes: 48273.58 Tax Year: 2012 Street #: 136 Street Name: Madeira Street Suffix: Road Key/Island: Upper Matecumbe Key Islamorada State/Province: FL Zip Code: 33036 Subdivision: Strattons (82.5) County: Monroe Area: 23 - Upper Matecumbe

General Property Description

Realtor.COM Type: Commercial Waterfront: Yes Control Depth: 4 Lot Size: 1.94 acre Lot SqFt: 67500 Business Name: Casa Morada Hotel Year Established: 1950-01-01 # Parking Spaces: 16 Off Street Parking: 16 # Stories: 2 SqFt Source: Property Data Card Total # Buildings: 2 Building SqFt: 9082 Style: Commercial Living Apx SqFt: 9082 Year Built: 1950 Total Bedrooms: 16 Full Baths: 16 Total Baths: 16

Remarks & Misc

Remarks – Consumer: A boutique hotel situated on the aqua blue waters of Florida Bay will transport your guests to the world of relaxation and tranquility. Celebrating Sunsets Dailey! 16 existing hotel rooms are featured in two buildings - Sea View and Garden View. Potential to add 2 more units with site plan approvals and permit application already submitted to The Village of Islamorada. Directions: AT MILE MARKER 82 FROM THE OVERSEAS HIGHWAY TURN AT EITHER TED WILLIAMS WAY OR MADEIRA ROAD (ENTRANCE OF THE LORELEI).

Status Change Info

Sold Comments: Commercial Loan- Centennial Bank Sold Date: 2014-09-24 Sold Price: $5,250,000 Status: Closed

Deed Restrictions

No: 1

Association Info

Mandatory Home Owners Asc: No

License Info

# of Transient Licns: State Hotel/Motel 2-Cop (Beer & Wine): 1

Type

Hotel/Motel: 1

Fee Includes

None: 1

Misc Property Info

Recorded Plat: Yes

Dockage

Basin: 1 Boat Ramp: 1 Boat Slip: 1

Appliances

Other: hotel models

Property Info

# Boat Slips: 15 License Included: 1

Waterfront

Bay Front: 1 Open Water: 1

Electric

220 Volt: 1 Circuit Breakers: 1

Waterview

Bay/Gulf View: 1 Open Water View: 1

Vehicle Storage

Car(s): 4+ Guest Parking: 1 Off Street Parking: 1

Construction

Combo Construction: 1

Land Size

1 Less Than 2 Acres: 1

Terms

Buyer Obtain Finance: 1

Utilities

Buyer to Verify: 1 FKAA: 1 Individual Swr Plant: 1

Title

Title Ins - Buyer: 1

Property Rights

Other/See Remarks: 1

Miscellaneous

Open Water View: 1 Other Miscellaneous: 1

Financial Status

Bank Owned: No Potential Short Sale: No

Property Features

Deed Restrictions: No License Info: 2-Cop (Beer & Wine) Property Info: License Included Type: Hotel/Motel Waterfront: Bay Front; Open Water Waterview: Bay/Gulf View; Open Water View Dockage: Basin; Boat Ramp; Boat Slip Vehicle Storage: Guest Parking; Off Street Parking Utilities: Buyer to Verify; FKAA; Individual Swr Plant Miscellaneous: Open Water View; Other Miscellaneous Construction: Combo Construction Electric: 220 Volt; Circuit Breakers Land Size: 1 Less Than 2 Acres Fee Includes: None Terms: Buyer Obtain Finance Title: Title Ins - Buyer Property Rights: Other/See Remarks

Listing Office: Ocean Sotheby's International Realty

Last Updated: September - 10 - 2024

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