95320 Overseas Highway, Key Largo, FL 33037 (MLS# 572614)

95320 Overseas Highway, Key Largo, FL 33037

$3,500,000

Property Type: Commercial Bedrooms: 23 Baths: 22.1 Square Footage: 8,887 Lot Size (sq. ft.): 68,825 Status: Closed

Current Price: $3,500,000 List Date: 11/04/2016 Last Modified: 3/10/2025

Description

Stoneledge Paradise Inn represents true ''Old Florida Keys Charm''. This active, bay-front, 21 unit Motel, has a direct water-front, 3 bedroom/2 bath unit with outside patio area. At 1.53 acres, the property has a developed beach front area with steps leading into the designated swimming area, boat ramp, 110 ft dock with 50 ft T-head, Kayak storage/launch, sanctuary (meditation area), plenty of

Supplements: parking, trailer storage area, property manager work shed, manager's apartment, room for a pool, barbecue areas, 2 covered picnic areas, and much more. The 2 over-water huts provide a great place to relax and watch the sunset year round. With the highest ADRs (Average Daily Rates) in the State of Florida, this charming Keys commercial property is a great investment.

More Information MLS# 572614

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: $3,500,000 Listing Date: 2016-11-04 Sold Price: $3,500,000

Location, Tax & Legal

City: KEY LARGO Off Shore Island: No Mile Marker: 95 Side: Bay/Gulf Flood Zone: AE,AE,VE,AE,AE Alternate Key #: 1100498 Parcel #: 00088640-000000 Zoning: SC - Sub Urban Commercial District Legal: 13 62 38 ISLAND OF KEY LARGO PART OF GOV LOT 2 & PART TR 4 SOUTHCLIFF ESTS PB2-45 OR533-81 OR780-744D/C (RE 483330 COMBI Taxes: 12546.45 Tax Year: 2015 Street #: 95320 Street Name: Overseas Street Suffix: Highway Key/Island: Key Largo State/Province: FL Zip Code: 33037 Subdivision: Southcliff Ests (95.0) County: Monroe Area: 26 - Key Largo S of MM 96.9

General Property Description

Realtor.COM Type: Commercial Waterfront: Yes Control Depth: 3 Lot SqFt: 68825 Business Name: Stone Ledge Paradise Total Units: 0 # Stories: 1 SqFt Source: Tax Records Building SqFt: 8887 Style: Commercial Living Apx SqFt: 8887 Year Built: 1956 Total Bedrooms: 23 Full Baths: 22 Half Baths: 1 Total Baths: 22.1

Remarks & Misc

Remarks – Consumer: Stoneledge Paradise Inn represents true ''Old Florida Keys Charm''. This active, bay-front, 21 unit Motel, has a direct water-front, 3 bedroom/2 bath unit with outside patio area. At 1.53 acres, the property has a developed beach front area with steps leading into the designated swimming area, boat ramp, 110 ft dock with 50 ft T-head, Kayak storage/launch, sanctuary (meditation area), plenty of Directions: mm95, bay-side

Deed Restrictions

Unknown: 1

Association Info

Mandatory Home Owners Asc: No

License Info

# of Transient Licns: 20

Type

Hotel/Motel: 1

Fee Includes

None: 1

Dockage

Dock Length: 100 Dock: Wood Boat Ramp: 1

Appliances

Range: 1 Refrigerator: 1

Cooling

Heat Pump: 1

Waterfront

Bay Front: 1

Waterview

Bay/Gulf View: 1 Open Water View: 1

Vehicle Storage

Common Parking: 1 Trailer Storage: 1

Construction

CBS: 1 Combo Construction: 1

Land Size

1 Less Than 2 Acres: 1

Terms

Buyer Obtain Finance: 1

Utilities

Buyer to Verify: 1 FKAA: 1

Title

Title Ins - Buyer: 1

Property Rights

Tranfrble Dev Right: 1

Miscellaneous

Chickee Hut: 1 Fencing: 1 Handicap Access: 1 High Traffc Location: 1 High Visibility: 1 Highway Frontage: 1 Open Water View: 1 Residence on Premise: 1 Shuffleboard Court: 1 Utility Building: 1

Financial Status

Bank Owned: No Potential Short Sale: No

Status Change Info

Sold Date: 2017-02-02 Sold Price: $3,500,000 Status: Closed

Property Features

Deed Restrictions: Unknown Type: Hotel/Motel Waterfront: Bay Front Waterview: Bay/Gulf View; Open Water View Dockage: Boat Ramp Vehicle Storage: Common Parking; Trailer Storage Cooling: Heat Pump Utilities: Buyer to Verify; FKAA Appliances: Range; Refrigerator Miscellaneous: Chickee Hut; Fencing; Handicap Access; High Traffc Location; High Visibility; Highway Frontage; Open Water View; Residence on Premise; Shuffleboard Court; Utility Building Construction: CBS; Combo Construction Land Size: 1 Less Than 2 Acres Fee Includes: None Terms: Buyer Obtain Finance Title: Title Ins - Buyer Property Rights: Tranfrble Dev Right

Listing Office: The Firm Realty Group

Last Updated: March - 10 - 2025

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.