719 South Street, Key West, FL 33040

$2,600,000
Property Type: Residential Bedrooms: 6 Baths: 5 Square Footage: 2,430 Lot Size (sq. ft.): 6,000 Status: Closed
Current Price: $2,600,000 List Date: 1/17/2024 Last Modified: 4/30/2025

Description

Tap into the lucrative Key West tourism market and capitalize on the potential for increased revenue. Embrace the timeless charm of the 50's through 70's motel era by owning your unique vintage motel, complete with four Transient Licenses. Situated conveniently in the heart of old town, your patrons can relish in the nostalgia of simpler times while having easy access to all the attractions. The property, currently utilized for long-term rentals, requires some work to transform it into a successful business venture. However, all the essential elements are in place, ensuring a prompt startup. Buyers are advised to conduct due diligence to verify property rights. As the property is currently occupied by tenants, please refrain from disturbing them and arrange viewings accompanied by the listing agent.

More Information MLS# 608224

Contract Information

Listing Board: Key West Association As is Rght to Inspct: Yes Current Price: $2,600,000 Listing Date: 2024-01-17 Sold Price: $2,600,000

Location, Tax & Legal

KW Neighborhood: Casa Marina City: KEY WEST Off Shore Island: No Mile Marker: 1 Marathon Neighborhood: N/A Side: Median Flood Zone: AE,0.2 PCT ANNUAL CH Alternate Key #: 1039004 Parcel #: 00038260-000000 Zoning: HRO - Historic Residential/Office Deed Restrictions: Unknown Legal: KW KW INVESTMENT CO SUB PB1-88 LOT 11 SQR 18 TR 17 OR261-72/73 OR506-133 OR511-986 OR582-64 OR687-458 OR812-1185OR825-20 Taxes: 11980.34 Tax Year: 2023 Pub Sewer HkUp: Yes Street #: 719 Street Name: South Street Suffix: Street Key/Island: Key West State/Province: FL Zip Code: 33040 County: Monroe Subdivision: Old Town - Unlisted (1.0) Area: 02 - Key West

General Property Description

Realtor.COM Type: Multi-family Waterfront: No Control Depth: 0 Lot SqFt: 6000 Pool: No Lot Sqft Source: Property Data Card Total Units: 0 Acres: 0.14 SqFt Source: Property Data Card Rentals Allowed: Yes Style: Multi-Units Year Built: 1958 Living Apx SqFt: 2430 Total Bedrooms: 6 Full Baths: 5 Total Baths: 5

Remarks & Misc

Remarks – Consumer: Tap into the lucrative Key West tourism market and capitalize on the potential for increased revenue. Embrace the timeless charm of the 50's through 70's motel era by owning your unique vintage motel, complete with four Transient Licenses. Situated conveniently in the heart of old town, your patrons can relish in the nostalgia of simpler times while having easy access to all the attractions. The property, currently utilized for long-term rentals, requires some work to transform it into a successful business venture. However, all the essential elements are in place, ensuring a prompt startup. Buyers are advised to conduct due diligence to verify property rights. As the property is currently occupied by tenants, please refrain from disturbing them and arrange viewings accompanied by the listing agent. Directions: Located near the corner of South and William Street.

Association Info

Mandatory Home Owners Asc: No 1st Right of Refusal: No Association Fee $: 0

License Info

Transient Rntl Licns: Yes

Fee Includes

None: 1

Dockage

None: 1

Tax Exemptions

None: 1

Appliances

Range: 1 Refrigerator: 1

Pets

Pets Allowed: 1

Waterfront

None: 1

Waterview

No Waterview: 1

Specialty Rooms

Laundry Room: 1

Building Style

Above Flood: No Ground Level: 1 Stories: 2 Stories

Vehicle Storage

Off Street Parking: 1

Construction

CBS: 1

Land Size

Less Than 1/4 Acre: 1

Utilities

Buyer to Verify: 1 Elect Separate Meter: 1 FKAA: 1 Municipal Sewer: 1

Status Change Info

Sold Date: 2024-02-23 Sold Price: $2,600,000 Status: Closed

Property Features

Fee Includes: None Tax Exemptions: None Waterfront: None Waterview: No Waterview Dockage: None Building Style: Ground Level Vehicle Storage: Off Street Parking Utilities: Buyer to Verify; Elect Separate Meter; FKAA; Municipal Sewer Specialty Rooms: Laundry Room Appliances: Range; Refrigerator Construction: CBS Pets: Pets Allowed Land Size: Less Than 1/4 Acre
Listing Office: Berkshire Hathaway HomeServices Knight & Gardner Realty
Last Updated: April - 30 - 2025
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