511 Olivia Street, Key West, FL 33040 (MLS# 119414)

511 Olivia Street, Key West, FL 33040

$1,750,000

Property Type: Commercial Lot Size (sq. ft.): 5,587 Status: Closed

Current Price: $1,750,000 List Date: 2/20/2014 Last Modified: 9/09/2024

Description

Valuable Old Town Guesthouse. Includes two separate buildings on two adjoining lots zoned HRCC-3. Operated with 4 licenses (1 transient and 3 guesthouse licenses) and a total of 11 rooms. These properties produce proven income. Fronting on Olivia and Center Street, there are 2 off street parking spaces on Center St. The large in- ground concrete pool is shared by both properties. There are two separate addresses and two Alternate key numbers; 511 Olivia St. Alt. #1017281 and 820 Center St. #1017284. Lot square footage,Total Building s.f.-FLA & Real Estate taxes have been combined in this report. Buildings in good condition in X Flood Zone.

More Information MLS# 119414

Contract Information

Listing Board: Key West Association Limited Representation: No As is Rght to Inspct: Yes Potential Short Sale: No For Sale/Lease: For Sale Current Price: $1,750,000 Listing Date: 2014-02-20 Sold Price: $1,750,000

Location, Tax & Legal

KW Neighborhood: Old Town-N of Truman City: KEY WEST Mile Marker: 0 Side: Median Alternate Key #: 1017281 Bldg Nbr: 0 Legal: As per Monroe County Tax Records Alt# 1017281 & 1017264 Taxes: 16222 Tax Year: 2013 Street #: 511 Street Name: Olivia Street Suffix: Street Key/Island: Key West State/Province: FL Zip Code: 33040 Subdivision: Old Town - Unrecord (1.0) Area: 01 - Key West

General Property Description

Realtor.COM Type: Commercial Waterfront: No Lot SqFt: 5587 Business Name: N/A # Parking Spaces: 0 # Stories: 0 Building Ht. Ft.: 0 Total # Buildings: 0 Building SqFt: 2586 Style: Commercial Year Built: 1933

Remarks & Misc

Remarks – Consumer: Valuable Old Town Guesthouse. Includes two separate buildings on two adjoining lots zoned HRCC-3. Operated with 4 licenses (1 transient and 3 guesthouse licenses) and a total of 11 rooms. These properties produce proven income. Fronting on Olivia and Center Street, there are 2 off street parking spaces on Center St. The large in- ground concrete pool is shared by both properties. There are two separate addresses and two Alternate key numbers; 511 Olivia St. Alt. #1017281 and 820 Center St. #1017284. Lot square footage,Total Building s.f.-FLA & Real Estate taxes have been combined in this report. Buildings in good condition in X Flood Zone.

Deed Restrictions

Unknown: 1

Association Info

Mandatory Home Owners Asc: No Association Fee $: 0

License Info

# of Transient Licns: 2

Dockage

None: 1

Property Info

Gross Annual Expense: 0 NOI: 0

Construction

Frame: 1

Land Size

Less Than 1/4 Acre: 1

Utilities

FKAA: 1 Municipal Sewer: 1

Property Rights

Transient License: 1

Financial Status

Potential Short Sale: No

Status Change Info

Sold Date: 2014-08-01 Sold Price: $1,750,000 Status: Closed

Property Features

Deed Restrictions: Unknown Dockage: None Utilities: FKAA; Municipal Sewer Construction: Frame Land Size: Less Than 1/4 Acre Property Rights: Transient License

Listing Office: RE/MAX Keys Connection (KW)

Last Updated: September - 09 - 2024

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