107900 Overseas Highway, Key Largo, FL 33037 (MLS# 119608)

107900 Overseas Highway, Key Largo, FL 33037

$11,200,000

Property Type: Commercial Lot Size (sq. ft.): 180,773 Status: Closed

Current Price: $11,200,000 List Date: 4/01/2014 Last Modified: 9/10/2024

Overview

Description

Amazing 4 acre Keys Resort! Gilbert's is the perfect getaway and only a 45 minute drive from Miami. 38 hotel rooms, 38 deeded boat slips + 680' dockage on deep water Intercostal Waterway. 4,600 sq ft 160 seat restaurant, Spectacular 6,000 sq ft+ outdoor TIKI rest/bar w/280 seats, & separate 1,500' Tiki Bar on beach. Liquor lic. incl. Beautiful beach, marina, dock office, front desk, pool, 8,000 gal fuel, boat ramp. Transient lic'd. Private entry to US-1. Developmental rights to 38 1-bed hotel available. Operate as-is or remodel to new hotel or condo. Potential owner financing.

Listing Details MLS# 119608

Location, Tax & Legal

Street #: 107900
Street Name: Overseas
Street Suffix: Highway
Key/Island: Key Largo
State/Province: FL
Zip Code: 33037
Subdivision: Key Largo City Garden Cove (106.0)
County: Monroe
Area: 27 - Key Largo MM 97-107
KW Neighborhood: Outside of Key West
City: KEY LARGO
Mile Marker: 107
Side: Bay/Gulf
Alternate Key #: 1092410
Parcel #: 00083770-000000
Bldg Nbr: No
Zoning: SC - Sub Urban Commercial District
Taxes: 53249
Tax Year: 2013

Contract Information

Listing Board: Key West Association
Limited Representation: No
As is Rght to Inspct: Yes
For Sale/Lease: For Sale
Potential Short Sale: No
Bank Owned: No
Species List: Yes

General Property Description

Realtor.COM Type: Commercial
Style: Commercial
Lot SqFt: 180773
Waterfront: Yes
Control Depth: 8
Business Name: Gilbert's Restort
Year Established: 1967-01-01
Building SqFt: 19330
Total Units: 38
Year Built: 1967
# Parking Spaces: No
# Stories: 0
Building Ht. Ft.: 0
Total # Buildings: 0

Status Change Info

Sold Date: 2014-08-28

License Info

# of Transient Licns: 2
Non Trans Rntl Lic: Yes
SRX (Non-Transferab): Yes

Association Info

Mandatory Home Owners Asc: No
Association Fee $: 0

More Information

Dockage

Dock: Other
Seawall: Other
Boat Slip: Yes
Other Dockage: Yes

Financial Status

Bank Owned: No
Potential Short Sale: No

Remarks & Misc

Remarks – Consumer: Amazing 4 acre Keys Resort! Gilbert's is the perfect getaway and only a 45 minute drive from Miami. 38 hotel rooms, 38 deeded boat slips + 680' dockage on deep water Intercostal Waterway. 4,600 sq ft 160 seat restaurant, Spectacular 6,000 sq ft+ outdoor TIKI rest/bar w/280 seats, & separate 1,500' Tiki Bar on beach. Liquor lic. incl. Beautiful beach, marina, dock office, front desk, pool, 8,000 gal fuel, boat ramp. Transient lic'd. Private entry to US-1. Developmental rights to 38 1-bed hotel available. Operate as-is or remodel to new hotel or condo. Potential owner financing.

Deed Restrictions

Unknown: Yes

Type

Hotel/Motel: Yes
Marina: Yes
Office Buildings: Yes
Restaurant: Yes
Other Services: Yes

Property Info

Gross Annual Expense: 0
NOI: 0

Cooling

Ceiling Fans(s): Yes
Heat: Yes
Heat Pump: Yes
Wall/Window Unit(s): Yes

Waterfront

Bay Front: Yes
Gulf Front: Yes
Open Water: Yes

Waterview

Bay/Gulf View: Yes
Open Water View: Yes

Floor

Combo: Yes
Concrete: Yes
Tile: Yes
Wood: Yes

Interior Features

Laundry Room: Yes

Windows/Doors

Aluminum Windows: Yes
Single Hung Windows: Yes

Vehicle Storage

Off Street Parking: Yes

Construction

CBS: Yes
Combo Construction: Yes
Concrete: Yes
Frame: Yes
Other: Yes

Land Size

2 Less Than 5 Acres: Yes

Terms

Seller Finance Psble: Yes

Utilities

Community Swr Plant: Yes
FKAA: Yes
Individual Swr Plant: Yes
Separate Meters: Yes
Sewer Available: Yes

Title

Negotiable: Yes

Property Rights

Beverage License: Yes

Miscellaneous

Chickee Hut: Yes
High Traffc Location: Yes
High Visibility: Yes
Highway Frontage: Yes
Manager on Premises: Yes
Open Water View: Yes
Pool: Yes
Residence on Premise: Yes
Storage: Yes

Roof

Combo Roof: Yes
Concrete Roof: Yes
Shake Roof: Yes
Shingle Roof: Yes
Tar/Gravel Roof: Yes

Property Features

Deed Restrictions: Unknown License Info: Non Trans Rntl Lic; SRX (Non-Transferab) Type: Hotel/Motel; Marina; Office Buildings; Restaurant; Other Services Waterfront: Bay Front; Gulf Front; Open Water Waterview: Bay/Gulf View; Open Water View Dockage: Boat Slip; Other Dockage Vehicle Storage: Off Street Parking Cooling: Ceiling Fans(s); Heat; Heat Pump; Wall/Window Unit(s) Utilities: Community Swr Plant; FKAA; Individual Swr Plant; Separate Meters; Sewer Available Interior Features: Laundry Room Miscellaneous: Chickee Hut; High Traffc Location; High Visibility; Highway Frontage; Manager on Premises; Open Water View; Pool; Residence on Premise; Storage Construction: CBS; Combo Construction; Concrete; Frame; Other Floor: Combo; Concrete; Tile; Wood Roof: Combo Roof; Concrete Roof; Shake Roof; Shingle Roof; Tar/Gravel Roof Land Size: 2 Less Than 5 Acres Terms: Seller Finance Psble Title: Negotiable Property Rights: Beverage License

Listing Office: Royal Palms Realty (KW)

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.

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