5700 Laurel Avenue, Key West, FL 33040 (MLS# 574769)

5700 Laurel Avenue, Key West, FL 33040

$8,500,000

Property Type: Commercial Lot Size (sq. ft.): 286,595 Status: Closed

Current Price: $8,500,000 List Date: 3/16/2017 Last Modified: 9/09/2024

Description

Development Rights Determination letter dated 09/12/16 indicated 53 permanent and 8 transient residential units plus 672 sq ft of commercial floor area. Redevopment allows for all permanent residential units can be rebuilt subject to current setbacks, parking, open space etc regulations. 30% of redeveloped units to be deed restricted Affordable.

More Information MLS# 574769

Contract Information

Listing Board: Marathon/Lower 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: $8,500,000 Listing Date: 2017-03-16 Sold Price: $8,500,000

Location, Tax & Legal

City: KEY WEST Off Shore Island: No Mile Marker: 2 Side: Ocean Flood Zone: AE,AE Alternate Key #: 1158666 Parcel #: 00124540-000000 Zoning: HDR - High Density Residential Legal: STOCK ISLAND MALONEY SUB PB1-55 LOTS 1 THRU 7 & ADJ BAY BTM & LOTS 11 TO 21 BK32 SQR 32 G48-164-65 OR144-468/69OR206- Taxes: 40831.87 Tax Year: 2016 Street #: 5700 Street Name: Laurel Street Suffix: Avenue Key/Island: Key West State/Province: FL Zip Code: 33040 Subdivision: W C Maloney Diagram (2.0) County: Monroe Area: 01 - Key West

General Property Description

Realtor.COM Type: Multi-Family Waterfront: Yes Control Depth: 3 Lot Size: 3.24AC+/- Upland and 3.34 AC +/- Baybottom Lot SqFt: 286595 Total Units: 0 SqFt Source: Tax Records Building SqFt: 14255 Style: Commercial Year Built: 1959

Remarks & Misc

Remarks – Consumer: Development Rights Determination letter dated 09/12/16 indicated 53 permanent and 8 transient residential units plus 672 sq ft of commercial floor area. Redevopment allows for all permanent residential units can be rebuilt subject to current setbacks, parking, open space etc regulations. 30% of redeveloped units to be deed restricted Affordable. Directions: Behind Murrays Marine on Stock Island 5700 Laurel Avenue

Association Info

Mandatory Home Owners Asc: No 1st Right of Refusal: No

Type

Mobile Home Park: 1

Fee Includes

None: 1

Dockage

Other Dockage: 1

Appliances

No Appliances: 1

Waterfront

Oceanfront: 1

Waterview

Ocean View: 1

Construction

Other: 1

Land Size

5 Less Than 10 Acres: 1

Utilities

FKAA: 1 Municipal Sewer: 1

Financial Status

Bank Owned: No Potential Short Sale: No

Status Change Info

Sold Date: 2018-01-17 Sold Price: $8,500,000 Status: Closed

Property Features

Type: Mobile Home Park Waterfront: Oceanfront Waterview: Ocean View Dockage: Other Dockage Utilities: FKAA; Municipal Sewer Appliances: No Appliances Construction: Other Land Size: 5 Less Than 10 Acres Fee Includes: None

Listing Office: Coldwell Banker Schmitt Real Estate Co.

Last Updated: September - 09 - 2024

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