90611 Old Highway, Plantation Key, FL 33070 (MLS# 587284)

90611 Old Highway, Plantation Key, FL 33070

$12,500,000

Property Type: Commercial Bedrooms: 42 Baths: 44 Lot Size (sq. ft.): 64,020 Status: Closed

Current Price: $12,500,000 List Date: 9/11/2019 Last Modified: 9/10/2024

Description

Fl. Keys, Islamorada, boutique 47 transient development rights. 42 all concrete existing canal front motel units, 2 pools and restaurant on 650 ft of canal front dockage. The entire resort has been luxuriously remodeled. Silent A/Cs in every room. Private balconies and room side dockage. Ideal for additional revenue sources: Dive/Snorkel boats, Fishing charters, Boat rentals or House Boats. Keys motels have the highest occupancy rates and ADR's in the country. Since the Covid reopening business has been even better than in 2019. Reference the document section of the listing for a CA in order to receive their financials Creekside Inn is 1 hour south of Miami just south of Tavernier Creek which provides immediate ocean or bay access to the Sports Fishing and Dive Capitol of the World.

More Information MLS# 587284

Contract Information

Listing Board: Florida 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: $12,500,000 Listing Date: 2019-08-16 Sold Price: $12,500,000

Location, Tax & Legal

City: ISLAMORADA Off Shore Island: No Mile Marker: 90.5 Marathon Neighborhood: N/A Side: Ocean Flood Zone: AE8 Alternate Key #: 1536857 Add'l Parcel #1: 00437590-000000 Parcel #: 00437640-000000 Add'l Parcel #2: 00437610-000000 Bldg Nbr: 4 Zoning: HC - Highway Commercial Legal: BK 1 LOTS 13, 14, &15 BOATMANS COLONY PB3-90 PLANTATION KEY OR322-573 OR455-664 OR614-858 OR918-1731 OR978-1525 OR1043-2 Taxes: 18481.43 Tax Year: 2018 Street #: 90611 Street Name: Old Highway Key/Island: Plantation Key State/Province: FL Zip Code: 33070 Subdivision: Boatmans Colony (90.5) County: Monroe Area: 25 - Plantation Key

General Property Description

Realtor.COM Type: Commercial Waterfront: Yes Control Depth: 5 Lot Size: 64020 Lot SqFt: 64020 Total Units: 47 Year Established: 2011-09-01 # Parking Spaces: 60 # Stories: 2 SqFt Source: Property Data Card Total # Buildings: 4 Building SqFt: 25825 Style: Commercial Year Built: 1973 Total Bedrooms: 42 Full Baths: 42 Half Baths: 2 Total Baths: 44

Remarks & Misc

Remarks – Consumer: Fl. Keys, Islamorada, boutique 47 transient development rights. 42 all concrete existing canal front motel units, 2 pools and restaurant on 650 ft of canal front dockage. The entire resort has been luxuriously remodeled. Silent A/Cs in every room. Private balconies and room side dockage. Ideal for additional revenue sources: Dive/Snorkel boats, Fishing charters, Boat rentals or House Boats. Keys motels have the highest occupancy rates and ADR's in the country. Since the Covid reopening business has been even better than in 2019. Reference the document section of the listing for a CA in order to receive their financials Creekside Inn is 1 hour south of Miami just south of Tavernier Creek which provides immediate ocean or bay access to the Sports Fishing and Dive Capitol of the World. Directions: 1 hour south of Miami on the Florida turnpike to US1 through Key Largo cross over Tavernier Creek and it will be on the left. Mile Marker 90.6 Oceanside. Across from Tavernier Creek Marina.

Deed Restrictions

No: 1

Association Info

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

License Info

2-Cop (Beer & Wine): 1

Type

Hotel/Motel: 1 Restaurant: 1

Fee Includes

Other: 1

Dockage

Dock Length: 650 Dock: Concrete Seawall: Concrete

Appliances

Other: Mini Refrigerators

Cooling

Central Air: 1 Heat Pump: 1

Waterfront

Canal Front: 1

Electric

Circuit Breakers: 1

Waterview

Canal View: 1

Floor

Tile: 1

Interior Features

Furnished: 1 Laundry Room: 1 Smoke Alarms: 1

Vehicle Storage

Common Parking: 1 Off Street Parking: 1

Construction

CBS: 1 Concrete: 1

Land Size

1 Less Than 2 Acres: 1

Terms

No Seller Finance: 1

Utilities

FKAA: 1 Propane: 1

Property Rights

Beverage License: 1

Miscellaneous

Chickee Hut: 1 Fencing: 1 Handicap Access: 1 High Traffc Location: 1 Highway Frontage: 1 Pool: 1 Security System: 1

Roof

Combo Roof: 1

Financial Status

Bank Owned: No Potential Short Sale: No

Status Change Info

Sold Date: 2021-07-15 Sold Price: $12,500,000 Status: Closed

Property Features

Deed Restrictions: No License Info: 2-Cop (Beer & Wine) Type: Hotel/Motel; Restaurant Waterfront: Canal Front Waterview: Canal View Vehicle Storage: Common Parking; Off Street Parking Cooling: Central Air; Heat Pump Utilities: FKAA; Propane Interior Features: Furnished; Laundry Room; Smoke Alarms Miscellaneous: Chickee Hut; Fencing; Handicap Access; High Traffc Location; Highway Frontage; Pool; Security System Construction: CBS; Concrete Electric: Circuit Breakers Floor: Tile Roof: Combo Roof Land Size: 1 Less Than 2 Acres Fee Includes: Other Terms: No Seller Finance Property Rights: Beverage License

Documents

Creekside Inn property record card 1 ›

Creekside Inn property record card 2 ›

Creekside Inn property record card 3 ›

Creekside Inn property record card 4 ›

5 TDR's ›

Confidentiality Agreement ›

Creekside Inn Flyer ›

Listing Office: Cornell Commercial Real Estate, Inc.

Last Updated: September - 10 - 2024

The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.