815 Catherine Street, Key West, FL 33040 (MLS# 123407)

815 Catherine Street, Key West, FL 33040

$2,775,000

Property Type: Commercial Lot Size (sq. ft.): 9,114 Status: Closed

Current Price: $2,775,000 List Date: 6/08/2016 Last Modified: 9/09/2024

Description

A unique Key West Inn with the BEST of all worlds! 6 eco-friendly, low-maintenance king suites in 3 Old KW-style cottages located in the heart of Old Town in a tranquil neighborhood. Versatile layout allows for each of the cottages to be marketed as a two bedroom/two bath cottage with full kitchen or, with the convenience of a lockout, as a 1 bedroom suite with full kitchen and a Studio with kitchenette. Travelers Palm also has terrific financials, with occupancy upside. This beautiful property features all new construction, high end furnishings, energy efficient solar panels, impact resistant glass throughout, a cistern for irrigation, 3 private Jacuzzi's and exquisite pool, central HVAC, private decks, lush tropical landscaping, ample parking, all only a few short blocks from Duval St.

More Information MLS# 123407

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 Species List: Yes Current Price: $2,775,000 Listing Date: 2016-06-08 Sold Price: $2,775,000

Location, Tax & Legal

KW Neighborhood: Old Town-S of Truman City: KEY WEST Mile Marker: 1 Side: Median Flood Zone: x Alternate Key #: 1030619 Bldg Nbr: 0 Zoning: HMDR - Historic Medium Density Residential Legal: KW INVESTMENT CO SUB PB 1-49 LOTS 1 & 3 SQR 5 TR 12 G32-382-383 Taxes: 17452 Tax Year: 2015 Street #: 815 Street Name: Catherine Street Suffix: Street Key/Island: Key West State/Province: FL Zip Code: 33040 Subdivision: Investment Co Sub (1.0) County: Monroe Area: 01 - Key West

General Property Description

Realtor.COM Type: Commercial Waterfront: No Lot Size: 93x98 Lot SqFt: 9114 Business Name: Travelers Palm Total Units: 6 Year Established: 2000-01-01 # Parking Spaces: 3 # Stories: 1 Building Ht. Ft.: 0 Total # Buildings: 3 Building SqFt: 3402 Style: Commercial Year Built: 2009

Remarks & Misc

Remarks – Consumer: A unique Key West Inn with the BEST of all worlds! 6 eco-friendly, low-maintenance king suites in 3 Old KW-style cottages located in the heart of Old Town in a tranquil neighborhood. Versatile layout allows for each of the cottages to be marketed as a two bedroom/two bath cottage with full kitchen or, with the convenience of a lockout, as a 1 bedroom suite with full kitchen and a Studio with kitchenette. Travelers Palm also has terrific financials, with occupancy upside. This beautiful property features all new construction, high end furnishings, energy efficient solar panels, impact resistant glass throughout, a cistern for irrigation, 3 private Jacuzzi's and exquisite pool, central HVAC, private decks, lush tropical landscaping, ample parking, all only a few short blocks from Duval St. Directions: From US1 (Truman Ave), go South on White Street to Catherine St. Go West for 6 blocks. Business is on the northeast corner of Catherine and Royal Streets

Deed Restrictions

Unknown: 1

Association Info

Mandatory Home Owners Asc: No Association Fee $: 0

License Info

# of City License: 1 # of Transient Licns: 2 Non Trans Rntl Lic: 1

Type

Hotel/Motel: 1

Dockage

None: 1

Accounts & Meters

# Sewer Accounts: 1

Property Info

Gross Annual Expense: 0 NOI: 0

Cooling

Ceiling Fans(s): 1 Central Air: 1 Heat: 1 Heat Pump: 1

Electric

Circuit Breakers: 1

Floor

Tile: 1

Windows/Doors

Impact Rstnce Window: 1

Vehicle Storage

Car(s): 3 Off Street Parking: 1

Construction

Manufactured: 1

Land Size

Less Than 1/4 Acre: 1

Utilities

FKAA: 1 Municipal Sewer: 1

Property Rights

Transient License: 1

Miscellaneous

Fencing: 1 Hot Tub: 1 Patio: 1 Pool: 1 Sprinkler System: 1 Storage: 1

Roof

Metal Roof: 1

Status Change Info

Sold Date: 2016-11-01 Sold Price: $2,775,000 Status: Closed

Property Features

Deed Restrictions: Unknown License Info: Non Trans Rntl Lic Type: Hotel/Motel Dockage: None Vehicle Storage: Off Street Parking Cooling: Ceiling Fans(s); Central Air; Heat; Heat Pump Utilities: FKAA; Municipal Sewer Miscellaneous: Fencing; Hot Tub; Patio; Pool; Sprinkler System; Storage Construction: Manufactured Electric: Circuit Breakers Floor: Tile Roof: Metal Roof Land Size: Less Than 1/4 Acre Property Rights: Transient License

Listing Office: Truman & Co. (KW)

Last Updated: September - 09 - 2024

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