819 Simonton Street, Key West, FL 33040

$12,500,000
Property Type: Commercial Sale Square Footage: 10,305 Lot Size (sq. ft.): 33,873 Status: Closed
Current Price: $12,500,000 List Date: 9/03/2024 Last Modified: 7/23/2025

Description

The Paradise Inn, with its subtle luxury and Bahamian charm, is situated in the center of Old Town Key West only a short walk or bicycle ride from the shops at Mallory Square, Duval Street, The Ernest Hemingway Home, and The Key West Butterfly Conservatory. The Hotel features an upscale amenity base including spacious gardens filled with exotic flora, a fountain-fed pool, jacuzzi, complimentary breakfast, daily wine & cheese happy hour, and 24-hour coffee. Ownership also owns a two-story building next to Paradise, on 817 Simonton Street, where there is a fully renovated 2BR/1BA apartment, with private balcony, and washer and dryer on the second floor. On the first floor there is a commercial space that is currently leased out as a SPA. There are also six parking spaces at this Property.

More Information MLS# 611314

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 Species List: No Current Price: $12,500,000 Listing Date: 2024-08-23 Sold Price: $12,500,000

Location, Tax & Legal

KW Neighborhood: Old Town-N of Truman City: KEY WEST Off Shore Island: No Mile Marker: 1 Marathon Neighborhood: N/A Side: Median Flood Zone: X Alternate Key #: 1016802 Parcel #: 00016410-000000 Zoning: HRCC - Historic Residential Commercial Core Legal: KW PT LOT 2 SQR 4 TR 4 D2-542 OR678-667/69 OR880-86 OR1057-534/35 OR1270-1217/18 OR1361-579/82 OR1377-1181 OR1541-367/69 Taxes: 63608.89 Tax Year: 2023 Street #: 819 Street Name: Simonton 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: Unkown Lot SqFt: 33873 Business Name: Paradise Inn Total Units: 18 Off Street Parking: Yes # Stories: 2 SqFt Source: Property Data Card Total # Buildings: 6 Building SqFt: 10305 Style: Commercial Living Apx SqFt: 10305 Year Built: 1995

Remarks & Misc

Remarks – Consumer: The Paradise Inn, with its subtle luxury and Bahamian charm, is situated in the center of Old Town Key West only a short walk or bicycle ride from the shops at Mallory Square, Duval Street, The Ernest Hemingway Home, and The Key West Butterfly Conservatory. The Hotel features an upscale amenity base including spacious gardens filled with exotic flora, a fountain-fed pool, jacuzzi, complimentary breakfast, daily wine & cheese happy hour, and 24-hour coffee. Ownership also owns a two-story building next to Paradise, on 817 Simonton Street, where there is a fully renovated 2BR/1BA apartment, with private balcony, and washer and dryer on the second floor. On the first floor there is a commercial space that is currently leased out as a SPA. There are also six parking spaces at this Property.

Association Info

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

Type

Hotel/Motel: 1

Fee Includes

None: 1

Dockage

None: 1

Waterfront

None: 1

Waterview

No Waterview: 1

Construction

Frame: 1

Land Size

1/2 - Less Than 1 AC: 1

Utilities

FKAA: 1 Municipal Sewer: 1

Financial Status

Bank Owned: No Potential Short Sale: No

Status Change Info

Sold Date: 2025-07-23 Sold Price: $12,500,000 Status: Closed

Property Features

Type: Hotel/Motel Waterfront: None Waterview: No Waterview Dockage: None Utilities: FKAA; Municipal Sewer Construction: Frame Land Size: 1/2 - Less Than 1 AC Fee Includes: None
Listing Office: Berkshire Hathaway HomeServices Knight & Gardner Realty
Last Updated: July - 23 - 2025
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