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719 South Street, Key West, FL 33040

$2,600,000
Property Type: Residential Bedrooms: 6 Baths: 5 Square Footage: 2,430 Lot Size (sq. ft.): 6,000 Status: Closed
Current Price: $2,600,000 List Date: 1/17/2024 Last Modified: 4/30/2025

Overview

Description

Tap into the lucrative Key West tourism market and capitalize on the potential for increased revenue. Embrace the timeless charm of the 50's through 70's motel era by owning your unique vintage motel, complete with four Transient Licenses. Situated conveniently in the heart of old town, your patrons can relish in the nostalgia of simpler times while having easy access to all the attractions. The property, currently utilized for long-term rentals, requires some work to transform it into a successful business venture. However, all the essential elements are in place, ensuring a prompt startup. Buyers are advised to conduct due diligence to verify property rights. As the property is currently occupied by tenants, please refrain from disturbing them and arrange viewings accompanied by the listing agent.

Listing Details MLS# 608224

Location, Tax & Legal

Street #
719
Street Name
South
Street Suffix
Street
Key/Island
Key West
State/Province
FL
Zip Code
33040
County
Monroe
Subdivision
Old Town - Unlisted (1.0)
Area
02 - Key West
KW Neighborhood
Casa Marina
City
KEY WEST
Off Shore Island
No
Mile Marker
1
Marathon Neighborhood
N/A
Side
Median
Flood Zone
AE,0.2 PCT ANNUAL CH
Alternate Key #
1039004
Parcel #
00038260-000000
Zoning
HRO - Historic Residential/Office
Deed Restrictions
Unknown
Legal
KW KW INVESTMENT CO SUB PB1-88 LOT 11 SQR 18 TR 17 OR261-72/73 OR506-133 OR511-986 OR582-64 OR687-458 OR812-1185OR825-20
Taxes
11980.34
Tax Year
2023
Pub Sewer HkUp
Yes

Contract Information

Listing Board
Key West Association
As is Rght to Inspct
Yes

General Property Description

Realtor.COM Type
Multi-family
Style
Multi-Units
Waterfront
No
Pool
No
Year Built
1958
Lot SqFt
6000
Lot Sqft Source
Property Data Card
Acres
0.14
Living Apx SqFt
2430
SqFt Source
Property Data Card
Total Bedrooms
6
Full Baths
5
Total Baths
5
Rentals Allowed
Yes
Control Depth
0
Total Units
0

Status Change Info

Sold Date
2024-02-23

Association Info

Mandatory Home Owners Asc
No
1st Right of Refusal
No
Association Fee $
0

License Info

Transient Rntl Licns
Yes

More Information

Building Style

Above Flood
No
Stories
2 Stories
Ground Level
Yes

Remarks & Misc

Remarks – Consumer
Tap into the lucrative Key West tourism market and capitalize on the potential for increased revenue. Embrace the timeless charm of the 50's through 70's motel era by owning your unique vintage motel, complete with four Transient Licenses. Situated conveniently in the heart of old town, your patrons can relish in the nostalgia of simpler times while having easy access to all the attractions. The property, currently utilized for long-term rentals, requires some work to transform it into a successful business venture. However, all the essential elements are in place, ensuring a prompt startup. Buyers are advised to conduct due diligence to verify property rights. As the property is currently occupied by tenants, please refrain from disturbing them and arrange viewings accompanied by the listing agent.
Directions
Located near the corner of South and William Street.

Fee Includes

None
Yes

Dockage

None
Yes

Tax Exemptions

None
Yes

Appliances

Range
Yes
Refrigerator
Yes

Pets

Pets Allowed
Yes

Waterfront

None
Yes

Waterview

No Waterview
Yes

Specialty Rooms

Laundry Room
Yes

Vehicle Storage

Off Street Parking
Yes

Construction

CBS
Yes

Land Size

Less Than 1/4 Acre
Yes

Utilities

Buyer to Verify
Yes
Elect Separate Meter
Yes
FKAA
Yes
Municipal Sewer
Yes

Property Features

Fee Includes: None Tax Exemptions: None Waterfront: None Waterview: No Waterview Dockage: None Building Style: Ground Level Vehicle Storage: Off Street Parking Utilities: Buyer to Verify; Elect Separate Meter; FKAA; Municipal Sewer Specialty Rooms: Laundry Room Appliances: Range; Refrigerator Construction: CBS Pets: Pets Allowed Land Size: Less Than 1/4 Acre
Listing Office: Berkshire Hathaway HomeServices Knight & Gardner Realty
Last Updated: April - 30 - 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.