92530 Overseas Highway, Key Largo, FL 33070 (MLS# 581498)2018-09-03T18:43:03+00:00

$4,500,000
92530 Overseas Highway
Key Largo, FL 33070
MLS# 581498
10 beds  |  10 baths


92530 Overseas Highway, Key Largo, FL 33070
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92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070 92530 Overseas Highway, Key Largo, FL 33070

Property Description
Incredible opportunity to own one of the 25 Best Small Hotels in the USA according to Trip Advisor for 2012-2017. The property is located in much desired Florida Keys! The 10 unit hotel has had 18 years of successful operation by current owner. This is a ''turn key'' property with great cash flow to ensure a smooth transition with no closing of business. Best of all there are many opportunities for additional revenue making this an ideal purchase. Great pluses for purchase 10 units plus manager's quarters provides for ease of operation with small staff (5) needed, alleviating the problem of staff support. This hotel has received many awards most notably The 25 Most Romantic Hotels in the USA from 2012 -2017 and the #1 booking hotel in Key Largo (Trip Advisor, Booking.com) Watch video!

Details
Maps
Contract Information
Current Price: $4,500,000
Listing Date: 2018-08-13
Listing Board: Florida Keys
List Price: $4,500,000
Limitd Reprsntation: No
As is Rght to Inspct: Yes
For Sale/Lease: For Sale
Potential Short Sale: No
Bank Owned: No
Location, Tax & Legal
Street #: 92530
Street Name: Overseas
Street Suffix: Highway
Key/Island: Key Largo
State/Province: FL
Zip Code: 33070
Off Shore Island: No
Subdivision: Unplatted Lower K.L. (92.0)
Mile Marker: 92.5
County: Monroe
Area: 26 - Key Largo S of MM 96.9
Marathon Neighborhood: N/A
Side: Bay/Gulf
Flood Zone: AE,AE,VE
Alternate Key #: 1605581
Parcel #: 00490150-000000
Zoning: SC - Sub Urban Commercial District
Legal: PLAT OF SURVEY OF ELLIS PROPERTY KEY LARGO PB2-99 S 100FT OF N 200FT TRACT 1 OR476-118 OR687-417 OR710-511 OR789-1184 OR
Taxes: 21781.29
Tax Year: 2017
General Property Description
Realtor.COM Type: Commercial
Style: Commercial
Lot SqFt: 43865
Waterfront: Yes
Control Depth: 3
Year Established: 2000-12-18
# Parking Spaces: 12
# Stories: 1
Total # Buildings: 4
Total Units: 10
Year Built: 1955
Total Bedrooms: 10
Full Baths: 10
Total Baths: 10
Remarks & Misc
Directions: Bayside MM 92.5 across from Dairy Queen and just south of Anchor Condos.
Status Change Info
Status: Active
License Info
# of County License: 10 units
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Misc Property Info
Recorded Plat: Yes
Accounts & Meters
# Water Meters: 2
# Electric Meters: 2
Property Info
# Kitchens: 10
# Efficiencies: 6
# Refrigerators: 10
# Washers: 3
1 Bed/Bath: 4
Dockage
Dock: Other
Appliances
Other: microwave,stove top
Financial Status
Bank Owned: No
Potential Short Sale: No
Property Features
Deed Restrictions: Unknown
License Info: Other/See Remarks
Type: Hotel/Motel
Waterfront: Bay Front
Waterview: Bay/Gulf View
Dockage: Boat Lift; Dock Privileges
Vehicle Storage: Common Parking; Off Street Parking
Cooling/Heating: Ceiling Fans; Combination A/C
Utilities: Buyer to Verify; FKAA; Municipal Sewer; Propane Gas
Interior Features: Drapes/Blinds Incl; Furnished
Appliances: Refrigerator
Miscellaneous: Chickee Hut; Handicap Access; Highway Frontage; Hot Tub; Lobby; Open Water View; Patio; Residence on Premise; Sprinkler System; Utility Building; Other Miscellaneous
Construction: CBS; Other Construction
Electric: Circuit Breakers
Shutters: Accordion; Panel
Floor: Tile Floor
Roof: Metal Roof
Land Size: 1 Less Than 2 Acres
Terms: Buyer Obtain Finance; No Seller Finance
Title: Title Ins - Buyer
Property Rights: Transient License
Supplements
The attention to detail is seen throughout. The property is meticulously groomed, exceptionally clean with a private swimming beach, boat dockage and boat lift. Every room is decorated with a Keys motif, your own unique piece of paradise. New hotel management software, updated website with online booking, High definition cameras throughout property, Sonos music system throughout rooms, automated sprinklersand lighting, instant hot water system for all rooms. The location is perfect at mm 92.5 on the bayside right between Key Largo "The Diving Capital of the World" and Islamorada "The Sport Fishing Capital of the World" Showings are "By Appointment Only" and Proof of Funds for purchase are required.

Listing Office: American Caribbean Real Estate - Key Largo

Listing Agent: Susan Recarey

Last Updated: July - 24 - 2019

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.

Wednesday 13th of November 2019 12:12 AM