1458 Coral Drive, Marathon, FL 33050 (MLS# 119314)

1458 Coral Drive, Marathon, FL 33050

$2,675,000

Property Type: Commercial Lot Size (sq. ft.): 43,695 Status: Closed

Current Price: $2,675,000 List Date: 2/04/2014 Last Modified: 9/09/2024

Description

Tremendous Opportunity to Own Captain Pip's Hideaway and Vacation Rental property directly on the Gulf of Mexico, next to the World Famous Seven Mile Bridge. The real estate includes 4 parcels of land (three of which are waterfront with rights to the bay bottom and docks), 12 transient licenses, and 15 total units. The boat rental business includes 14 boats, parts, accessories, etc. Commercial appraisal of the real estate was completed Jan. 30, 2014, at $2.5 million. The boat rental business had net operating profit of $113,000 for 2013.

More Information MLS# 119314

Contract Information

Listing Board: Key West Association Limited Representation: Yes As is Rght to Inspct: Yes Potential Short Sale: No For Sale/Lease: For Sale Current Price: $2,675,000 Listing Date: 2014-02-04 Sold Price: $2,675,000

Location, Tax & Legal

KW Neighborhood: Outside of Key West City: MARATHON Mile Marker: 47.5 Side: Bay/Gulf Alternate Key #: 1394653 Add'l Parcel #1: 00320320 Parcel #: 00320290-00320310 Add'l Parcel #2: 00320330 Bldg Nbr: 0 Legal: Bk Pt Govt Lt 2 (Aka Parcel F Per Unrec 1977 C G Bailey Survey On File) Or418-694/702 Or742-63 Or8 Taxes: 22814.27 Tax Year: 2011 Street #: 1458 Street Name: Coral Street Suffix: Drive Key/Island: Marathon State/Province: FL Zip Code: 33050 Subdivision: W R Thompson Sub (48.0) Area: 13 - 7 Mile Bridge to Sombrero Bch Rd E & W

General Property Description

Realtor.COM Type: Commercial Waterfront: Yes Control Depth: 6 Lot SqFt: 43695 Business Name: Captain Pip's Total Units: 15 Year Established: 1958-01-01 # Parking Spaces: 0 # Stories: 0 Building Ht. Ft.: 0 Total # Buildings: 0 Style: Commercial Year Built: 1958

Remarks & Misc

Remarks – Consumer: Tremendous Opportunity to Own Captain Pip's Hideaway and Vacation Rental property directly on the Gulf of Mexico, next to the World Famous Seven Mile Bridge. The real estate includes 4 parcels of land (three of which are waterfront with rights to the bay bottom and docks), 12 transient licenses, and 15 total units. The boat rental business includes 14 boats, parts, accessories, etc. Commercial appraisal of the real estate was completed Jan. 30, 2014, at $2.5 million. The boat rental business had net operating profit of $113,000 for 2013. Directions: 1/2 Mile North of the Seven Mile Bridge on the Gulf Side.

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

Type

Hotel/Motel: 1 Marina: 1 Retail: 1

Dockage

Dock: Other Basin: 1 Boat Slip: 1 Dock Privileges: 1 Seawall: Other

Property Info

Gross Annual Expense: 0 NOI: 0

Cooling

Ceiling Fans(s): 1 Central Air: 1 Heat Pump: 1

Waterfront

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

Waterview

Open Water View: 1

Interior Features

Laundry Room: 1

Construction

CBS: 1

Land Size

1 Less Than 2 Acres: 1

Utilities

FKAA: 1 Municipal Sewer: 1

Property Rights

Transient License: 1

Miscellaneous

High Visibility: 1 Manager on Premises: 1 Open Water View: 1 Patio: 1 Residence on Premise: 1 Storage: 1

Roof

Concrete Roof: 1

Financial Status

Potential Short Sale: No

Status Change Info

Sold Date: 2014-05-01 Sold Price: $2,675,000 Status: Closed

Property Features

Deed Restrictions: Unknown License Info: Non Trans Rntl Lic Type: Hotel/Motel; Marina; Retail Waterfront: Bay Front; Gulf Front; Open Water Waterview: Open Water View Dockage: Basin; Boat Slip; Dock Privileges Cooling: Ceiling Fans(s); Central Air; Heat Pump Utilities: FKAA; Municipal Sewer Interior Features: Laundry Room Miscellaneous: High Visibility; Manager on Premises; Open Water View; Patio; Residence on Premise; Storage Construction: CBS Roof: Concrete Roof Land Size: 1 Less Than 2 Acres Property Rights: Transient License

Listing Office: Royal Palms Realty (KW)

Last Updated: September - 09 - 2024

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