521 United Street, Key West, FL 33040 (MLS# 117239)

521 United Street, Key West, FL 33040

$9,250,000

Property Type: Commercial Lot Size (sq. ft.): 21,625 Status: Closed

Current Price: $9,250,000 List Date: 11/15/2012 Last Modified: 9/09/2024

Description

Pearl's Key West is the largest guesthouse resort in Key West. This multi-award winning renovated historic resort is complete with 38 transient-licensed rooms/suites, 2 commercial pools, 2 outdoor hot tubs and extensive decking in a lush tropical setting. The Guesthouse also has a commercial kitchen and a licensed bar serving guests and non-guests delicious meals and cocktails. The Patio is one of the few tropical bars located inside a guesthouse resort with outdoor seating. The full liquor license is a rarity among guesthouses in Key West. 5 separate buildings, many with historic Dade County Pine. Off-street parking for 4 cars, room for scooters and bicycles.

More Information MLS# 117239

Contract Information

Listing Board: Key West Association Limited Representation: No As is Rght to Inspct: Yes Potential Short Sale: No Bank Owned: No For Sale/Lease: For Sale Current Price: $9,250,000 Listing Date: 2012-11-15 Sold Price: $9,250,000

Location, Tax & Legal

KW Neighborhood: Old Town-S of Truman City: KEY WEST Mile Marker: 1 Side: Median Alternate Key #: 1029653 Bldg Nbr: 0 Taxes: 19012.54 Tax Year: 2010 Street #: 521 Street Name: United 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: 21625 Business Name: Pearl's Key West # Parking Spaces: 0 # Stories: 0 Building Ht. Ft.: 0 Total # Buildings: 0 Building SqFt: 12183 Style: Commercial Year Built: 1928

Remarks & Misc

Remarks – Consumer: Pearl's Key West is the largest guesthouse resort in Key West. This multi-award winning renovated historic resort is complete with 38 transient-licensed rooms/suites, 2 commercial pools, 2 outdoor hot tubs and extensive decking in a lush tropical setting. The Guesthouse also has a commercial kitchen and a licensed bar serving guests and non-guests delicious meals and cocktails. The Patio is one of the few tropical bars located inside a guesthouse resort with outdoor seating. The full liquor license is a rarity among guesthouses in Key West. 5 separate buildings, many with historic Dade County Pine. Off-street parking for 4 cars, room for scooters and bicycles.

Deed Restrictions

Unknown: 1

Association Info

Mandatory Home Owners Asc: No Association Fee $: 0

License Info

# of Transient Licns: 3 Other/See Remarks: 1

Type

Hotel/Motel: 1 Other Comrcl Style: 1 Restaurant: 1 Other Services: 1

Dockage

None: 1

Property Info

Gross Annual Expense: 0 NOI: 0

Cooling

Central Air: 1 Heat Pump: 1

Interior Features

Laundry Room: 1

Construction

Combo Construction: 1

Land Size

1/4 - 1/2 Acre: 1

Utilities

FKAA: 1 Municipal Sewer: 1

Property Rights

Beverage License: 1

Miscellaneous

High Visibility: 1 Hot Tub: 1 Lobby: 1 Manager on Premises: 1 Patio: 1 Pool: 1 Spa: 1

Financial Status

Bank Owned: No Potential Short Sale: No

Status Change Info

Sold Date: 2013-11-11 Sold Price: $9,250,000 Status: Closed

Property Features

Deed Restrictions: Unknown License Info: Other/See Remarks Type: Hotel/Motel; Other Comrcl Style; Restaurant; Other Services Dockage: None Cooling: Central Air; Heat Pump Utilities: FKAA; Municipal Sewer Interior Features: Laundry Room Miscellaneous: High Visibility; Hot Tub; Lobby; Manager on Premises; Patio; Pool; Spa Construction: Combo Construction Land Size: 1/4 - 1/2 Acre Property Rights: Beverage License

Listing Office: Berkshire Hathaway HomeServices Knight & Gardner Realty

Last Updated: September - 09 - 2024

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