$4,600,000
Big Coppitt, FL 33040
MLS# 509047
Status: Closed
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Property Description
Lush Tropical Landscaping accents this 40 unit waterfront resort. Over 600 ft. of prime US-1 frontage just 7 miles from Key West. High traffic location with long established repeat clientele. Excellent financials. While most keys resorts suffered greatly from 9/11 this property showed a much smaller decrease than average. This years financials show a strong increase in revenue to near pre 9/11
Details
Maps
Contract Information
Listing Board: Florida Keys
Range Pricing: No
Limited Representation: Yes
As is Rght to Inspct: Yes
Current Price: $4,600,000
Listing Date: 2001-10-19
Sold Price: $4,600,000
Location, Tax & Legal
City: Big Coppitt
Mile Marker: 10.5
Side: Bay/Gulf
Alternate Key #: 1154717
Parcel #: 00121050-000000
Zoning: SC - Sub Urban Commercial District
Legal: 22 67 26 AA67622-07 BIG COPPITT KEY PT LOT 1 OR505-632 OR844-1155/1156 OR891-223/225 OR913-203
Taxes: 7800
Tax Year: 2000
Street #: 1211
Street Name: Overseas
Key/Island: Big Coppitt
State/Province: FL
Zip Code: 33040
Subdivision: Gulf View (10.0)
County: Monroe
Area: 05 - Stock Island to Shark Key
General Property Description
Realtor.COM Type: Rental
Waterfront: Yes
Control Depth: 3
Lot SqFt: 23522
Business Name: CARIBBEAN VILLAGE
Total Units: 40
# Stories: 0
Building Ht. Ft.: 0
Total # Buildings: 0
Building SqFt: 0
Style: Commercial
Year Built: 84
Remarks & Misc
Remarks – Consumer: Lush Tropical Landscaping accents this 40 unit waterfront resort. Over 600 ft. of prime US-1 frontage just 7 miles from Key West. High traffic location with long established repeat clientele. Excellent financials. While most keys resorts suffered greatly from 9/11 this property showed a much smaller decrease than average. This years financials show a strong increase in revenue to near pre 9/11
Directions: Bayside on U.S.-1 at mile marker 10.75
Deed Restrictions
No: 1
Type
Apartment 3 or more: 1
Hotel/Motel: 1
Marina: 1
Fee Includes
None: 1
Dockage
Boat Ramp: 1
Appliances
Dryer: 1
Range: 1
Refrigerator: 1
Washer: 1
Property Info
License Included: 1
Cooling
Ceiling Fans(s): 1
Central Air: 1
Wall/Window Unit(s): 1
Waterfront
Bay Front: 1
Electric
220 Volt: 1
Circuit Breakers: 1
Three Phase: 1
Waterview
Bay/Gulf View: 1
Canal View: 1
Floor
Carpet: 1
Combo: 1
Wood: 1
Interior Features
Laundry Room: 1
Windows/Doors
Double Hung Windows: 1
French Doors: 1
Jalousie Windows: 1
Sliding Glass Doors: 1
Vehicle Storage
Guest Parking: 1
Construction
CBS: 1
Frame: 1
Other: 1
Land Size
2 Less Than 5 Acres: 1
Terms
Seller Finance Psble: 1
Utilities
FKAA: 1
Individual Swr Plant: 1
Miscellaneous
Chickee Hut: 1
Manager on Premises: 1
Roof
Tin Roof: 1
Status Change Info
Sold Date: 2004-12-18
Sold Price: $4,600,000
Status: Closed
Property Features
Deed Restrictions: No
Property Info: License Included
Type: Apartment 3 or more; Hotel/Motel; Marina
Waterfront: Bay Front
Waterview: Bay/Gulf View; Canal View
Dockage: Boat Ramp
Vehicle Storage: Guest Parking
Cooling: Ceiling Fans(s); Central Air; Wall/Window Unit(s)
Utilities: FKAA; Individual Swr Plant
Interior Features: Laundry Room
Appliances: Dryer; Range; Refrigerator; Washer
Miscellaneous: Chickee Hut; Manager on Premises
Construction: CBS; Frame; Other
Electric: 220 Volt; Circuit Breakers; Three Phase
Floor: Carpet; Combo; Wood
Roof: Tin Roof
Land Size: 2 Less Than 5 Acres
Fee Includes: None
Terms: Seller Finance Psble
Supplements
levels. This property is impecibly maintained and operated. There are several undeveloped possibilities of additional revenue . This property is a must see if your looking for a Florida Keys motel where the financials and condition of the property justify the sales price . Appraised September 2003 for $ 4,900,000.00
Listing Office: Exit Realty Florida Keys TAV
Last Updated: September - 09 - 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.