611 - 615 Whitehead Street, Key West, FL 33040 (MLS# 576834)

611 - 615 Whitehead Street, Key West, FL 33040

$5,225,000

Property Type: Commercial Bedrooms: 16 Baths: 16.1 Square Footage: 4,604 Lot Size (sq. ft.): 7,211 Status: Closed

Current Price: $5,225,000 List Date: 8/30/2017 Last Modified: 9/09/2024

Description

The Coco Plum Inn is a charming Old Town guest house comprised of two historic buildings in a prime location with 14 fully licensed rooms plus a non-transient license (28 day rental min.) that could be used as a vacation rental. The current configuration is 2 apts., one used by an employee and the other by the owner. Lushly landscaped grounds, large swimming pool, courtyard and parking. Includes 14 transient licenses, 1 non-transient license, & a 12 seat restaurant license. An incredible business opportunity with enormous upside potential in occupancy rate to achieve the 85% STR average for Key West. The best possible location in the heart of Old Town Key West's commercial district, one block west of world famous Duval Street.

More Information MLS# 576834

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: $5,225,000 Listing Date: 2017-08-30 Sold Price: $5,225,000

Location, Tax & Legal

KW Neighborhood: Old Town-N of Truman City: KEY WEST Mile Marker: 1 Side: N/A Flood Zone: X Alternate Key #: 1013056 & 8819374 Add'l Parcel #1: 00012700-000100(611) Parcel #: 00012680-000000(615) Zoning: HRO - Historic Residential/Office Legal: KW PT LOT 3 SQR 62 G37-466/67 (615 Whitehead St) and KW PT LOT 3 SQR 62 (611 Whitehead St) Taxes: 22410 Tax Year: 2016 Street #: 611 - 615 Street Name: Whitehead Street Suffix: Street Key/Island: Key West State/Province: FL Zip Code: 33040 Subdivision: Old Town - Unrecord (1.0) County: Monroe Area: 01 - Key West

General Property Description

Realtor.COM Type: Commercial Waterfront: No Control Depth: 0 Lot Size: 84.8 x 85 Lot SqFt: 7211 Business Name: Coco Plum Inn Total Units: 15 Year Established: 1989-12-31 # Parking Spaces: 2 Off Street Parking: Yes # Stories: 2 SqFt Source: Tax Records Total # Buildings: 2 Building SqFt: 4604 Style: Commercial Living Apx SqFt: 4604 Year Built: 1920 Total Bedrooms: 16 Full Baths: 16 Half Baths: 1 Total Baths: 16.1

Remarks & Misc

Remarks – Consumer: The Coco Plum Inn is a charming Old Town guest house comprised of two historic buildings in a prime location with 14 fully licensed rooms plus a non-transient license (28 day rental min.) that could be used as a vacation rental. The current configuration is 2 apts., one used by an employee and the other by the owner. Lushly landscaped grounds, large swimming pool, courtyard and parking. Includes 14 transient licenses, 1 non-transient license, & a 12 seat restaurant license. An incredible business opportunity with enormous upside potential in occupancy rate to achieve the 85% STR average for Key West. The best possible location in the heart of Old Town Key West's commercial district, one block west of world famous Duval Street. Directions: US1 (Truman Ave) South to Whitehead Street. Right on Whitehead St north. Coco Plum Inn is near the end of the fourth block past Truman Ave on the right side.

Association Info

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

License Info

# of City License: 15 # of Transient Licns: 14 Non Trans Rntl Lic: 1

Type

Hotel/Motel: 1

Fee Includes

None: 1

Dockage

None: 1

Appliances

Dishwasher: 1 Dryer: 1 Range: 1 Refrigerator: 1 Washer: 1

Cooling

Ceiling Fans(s): 1 Wall/Window Unit(s): 1

Waterfront

None: 1

Electric

Circuit Breakers: 1

Waterview

No Waterview: 1

Floor

Tile: 1 Wood: 1

Interior Features

Drapes/Blinds Incl: 1 Furnished: 1 Laundry Room: 1 Smoke Alarms: 1

Windows/Doors

French Doors: 1 Single Hung Windows: 1 Wood Windows: 1

Vehicle Storage

Car(s): 2

Construction

Frame: 1

Land Size

More than 1 Lot: 1

Utilities

FKAA: 1 Municipal Sewer: 1 Separate Meters: 1

Property Rights

Transient License: 1

Miscellaneous

Fencing: 1 High Traffc Location: 1 Manager on Premises: 1 Patio: 1 Pool: 1 Residence on Premise: 1 Storage: 1

Roof

Metal Roof: 1

Financial Status

Bank Owned: No Potential Short Sale: No

Status Change Info

Sold Date: 2018-08-16 Sold Price: $5,225,000 Status: Closed

Property Features

License Info: Non Trans Rntl Lic Type: Hotel/Motel Waterfront: None Waterview: No Waterview Dockage: None Cooling: Ceiling Fans(s); Wall/Window Unit(s) Utilities: FKAA; Municipal Sewer; Separate Meters Interior Features: Drapes/Blinds Incl; Furnished; Laundry Room; Smoke Alarms Appliances: Dishwasher; Dryer; Range; Refrigerator; Washer Miscellaneous: Fencing; High Traffc Location; Manager on Premises; Patio; Pool; Residence on Premise; Storage Construction: Frame Electric: Circuit Breakers Floor: Tile; Wood Roof: Metal Roof Land Size: More than 1 Lot Fee Includes: None Property Rights: Transient License

Documents

Zone X Flood Map ›

Listing Office: Truman & Co. (KW)

Last Updated: September - 09 - 2024

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