329 Elizabeth Street, Key West, FL 33040 (MLS# 575464)

329 Elizabeth Street, Key West, FL 33040

$3,350,000

Property Type: Commercial Bedrooms: 12 Baths: 12 Square Footage: 2,769 Lot Size (sq. ft.): 4,422 Status: Closed

Current Price: $3,350,000 List Date: 11/02/2017 Last Modified: 9/09/2024

Overview

Description

Turn-Key Business, A hidden gem located in The Downtown Historic District in Key West, Florida. Charming and Cozy this two building, 12 bedroom, 12 bathroom guest house is a great value with great numbers. Small heated pool. Common Area with Broadband Wi-fi available. The guest house is located 2 blocks off Duval Street and within walking distance to the Historic Seaport, Shops, Restaurants and all Attractions. The Inn has been in continuous operation since the early 70's. Owner is a Florida Licensed REALTOR. Management currently in place with Key West Vacation Rentals powered by Vacasa. Most rooms have been refreshed and renovated. Approval complete and now have 12 transient licenses. Also licensed for 12 seat restaurant.

Listing Details MLS# 575464

Location, Tax & Legal

Street #: 329
Street Name: Elizabeth
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
Subdivision: Old Town - Unrecord (1.0)
County: Monroe
Area: 01 - Key West
KW Neighborhood: Old Town-N of Truman
City: KEY WEST
Off Shore Island: No
Mile Marker: 1
Side: Median
Flood Zone: X,0.2 PCT ANNUAL CHA
Alternate Key #: 1003913
Parcel #: 00003750-000000
Zoning: HMDR - Historic Medium Density Residential
Legal: KW PT LOT 4 SQR 22 OR329-279/80 OR557-686 OR754-1562/1563 OR769-1643/1644 OR843-171 OR944/50Q/C OR947-1198/1199Q/C OR950
Taxes: 20400.09
Tax Year: 2016

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

General Property Description

Realtor.COM Type: Commercial
Style: Commercial
Lot SqFt: 4422
Waterfront: No
Business Name: Garden House
# Stories: 2
Total # Buildings: 2
Building SqFt: 2912
Living Apx SqFt: 2769
Total Units: 12
Year Built: 1938
Total Bedrooms: 12
Full Baths: 12
Total Baths: 12
Control Depth: 0

Status Change Info

Sold Date: 2019-01-31

License Info

# of City License: 12
# of County License: 12
# of Transient Licns: 12

Association Info

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

More Information

Property Info

# Efficiencies: Yes
License Included: Yes

Appliances

Other: Microwave
Dishwasher: Yes
Dryer: Yes
Refrigerator: Yes
Washer: Yes

Auction Info

Auction: No

Financial Status

Bank Owned: No
Potential Short Sale: No

Remarks & Misc

Remarks – Consumer: Turn-Key Business, A hidden gem located in The Downtown Historic District in Key West, Florida. Charming and Cozy this two building, 12 bedroom, 12 bathroom guest house is a great value with great numbers. Small heated pool. Common Area with Broadband Wi-fi available. The guest house is located 2 blocks off Duval Street and within walking distance to the Historic Seaport, Shops, Restaurants and all Attractions. The Inn has been in continuous operation since the early 70's. Owner is a Florida Licensed REALTOR. Management currently in place with Key West Vacation Rentals powered by Vacasa. Most rooms have been refreshed and renovated. Approval complete and now have 12 transient licenses. Also licensed for 12 seat restaurant.

Deed Restrictions

Unknown: Yes

Type

Other Comrcl Style: Yes

Fee Includes

None: Yes

Dockage

None: Yes

Cooling

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

Waterfront

None: Yes

Waterview

No Waterview: Yes

Floor

Combo: Yes
Tile: Yes
Wood: Yes

Interior Features

Drapes/Blinds Incl: Yes
Furnished: Yes
Laundry Room: Yes
Smoke Alarms: Yes
Wet Bar: Yes

Windows/Doors

French Doors: Yes
Wood Windows: Yes

Construction

Frame: Yes

Land Size

Less Than 1/4 Acre: Yes

Utilities

FKAA: Yes
Municipal Sewer: Yes
Separate Meters: Yes

Title

Negotiable: Yes

Property Rights

Transient License: Yes

Miscellaneous

Fencing: Yes
Patio: Yes
Pool: Yes
Spa: Yes
Storage: Yes

Roof

Combo Roof: Yes

Property Features

Deed Restrictions: Unknown Property Info: License Included Type: Other Comrcl Style Waterfront: None Waterview: No Waterview Dockage: None Cooling: Ceiling Fans(s); Wall/Window Unit(s) Utilities: FKAA; Municipal Sewer; Separate Meters Interior Features: Drapes/Blinds Incl; Furnished; Laundry Room; Smoke Alarms; Wet Bar Appliances: Dishwasher; Dryer; Refrigerator; Washer Miscellaneous: Fencing; Patio; Pool; Spa; Storage Construction: Frame Floor: Combo; Tile; Wood Roof: Combo Roof Land Size: Less Than 1/4 Acre Fee Includes: None Title: Negotiable Property Rights: Transient License

Listing Office: Buy The Keys (KW)

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.

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