411 William Street 1, Key West, FL 33040 (MLS# 120544)

411 William Street 1, Key West, FL 33040

$8,840,000

Property Type: Commercial Lot Size (sq. ft.): 28,000 Status: Closed

Current Price: $8,840,000 List Date: 10/28/2014 Last Modified: 9/09/2024

Description

***For Statistical Purposes Only*** Sale represents: (1) the deed transfers of 20 upscale condo-tel' suite units consisting of 4 efficiency, 12x1 bedroom, and 4x2 bedroom apts, each with transient license and operated as the Island City House Hotel, a boutique hotel comprised of 5 historic buildings at 411 William St. and 810-812 Eaton St.; (2) the management company for the hotel, which manages all 24 hotel units within the hotel (the 20 being sold plus an additional 4 transient licensed suite units), and; (3) the 3 bedroom/2 bath single family home at 814 Eaton St. (4) EXCLUSIONS: The 4x1 bedroom apts excluded from this sale are units #'s 9, 12, 16, & 24.

More Information MLS# 120544

Contract Information

Listing Board: Key West Association Limited Representation: Yes As is Rght to Inspct: Yes Potential Short Sale: No Bank Owned: No For Sale/Lease: For Sale Current Price: $8,840,000 Listing Date: 2014-10-28 Sold Price: $8,840,000

Location, Tax & Legal

KW Neighborhood: Old Town-N of Truman Unit #: 1 City: KEY WEST Mile Marker: 1 Side: Median Alternate Key #: 9082852 Bldg Nbr: 0 Zoning: HMDR - Historic Medium Density Residential Legal: 411 William Street #'s 1,2,3,4,5,6,7,8,10,11,13,14,15, 17,18,19,20,21,22,&23 AND 814 Eaton St. Taxes: 1 Tax Year: 2014 Street #: 411 Street Name: William Street Suffix: Street Key/Island: Key West State/Province: FL Zip Code: 33040 Subdivision: Old Town - Unlisted (1.0) County: Monroe Area: 01 - Key West

General Property Description

Realtor.COM Type: Commercial Waterfront: No Lot SqFt: 28000 Business Name: Island City House Total Units: 20 # Parking Spaces: 0 # Stories: 0 Building Ht. Ft.: 0 Total # Buildings: 0 Building SqFt: 12300 Style: Commercial Year Built: 1889

Remarks & Misc

Remarks – Consumer: ***For Statistical Purposes Only*** Sale represents: (1) the deed transfers of 20 upscale condo-tel' suite units consisting of 4 efficiency, 12x1 bedroom, and 4x2 bedroom apts, each with transient license and operated as the Island City House Hotel, a boutique hotel comprised of 5 historic buildings at 411 William St. and 810-812 Eaton St.; (2) the management company for the hotel, which manages all 24 hotel units within the hotel (the 20 being sold plus an additional 4 transient licensed suite units), and; (3) the 3 bedroom/2 bath single family home at 814 Eaton St. (4) EXCLUSIONS: The 4x1 bedroom apts excluded from this sale are units #'s 9, 12, 16, & 24.

Deed Restrictions

Yes: 1

Association Info

Mandatory Home Owners Asc: No Association Fee $: 0

License Info

# of Transient Licns: 2

Type

Hotel/Motel: 1 Other Services: 1

Dockage

None: 1

Property Info

Gross Annual Expense: 0 NOI: 0

Cooling

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

Construction

Frame: 1

Land Size

1/2 - Less Than 1 AC: 1

Utilities

FKAA: 1 Municipal Sewer: 1

Financial Status

Bank Owned: No Potential Short Sale: No

Status Change Info

Sold Date: 2014-10-29 Sold Price: $8,840,000 Status: Closed

Property Features

Deed Restrictions: Yes Type: Hotel/Motel; Other Services Dockage: None Cooling: Ceiling Fans(s); Central Air; Heat; Heat Pump; Wall/Window Unit(s) Utilities: FKAA; Municipal Sewer Construction: Frame Land Size: 1/2 - Less Than 1 AC

Listing Office: At Home in Key West, Inc.

Last Updated: September - 09 - 2024

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