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107900 107900 Highway, Islamorada, FL 33036

$11,200,000
Property Type: Comm/Industry Square Footage: 836 Status: Closed
Current Price: $11,200,000 Last Modified: 8/05/2021

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.

More Information MLS# RX-10047060

Contract Information

List Price/Bldg SqFt: 15430.62 Status: Closed Original List Price: 12900000 Sold Price: $11,200,000 Current Price: $11,200,000 Listing Date: 2014-06-06

General Property Description

For Sale: Yes For Lease: No Property Desc: Gilbert's Resort Acres: 4 Waterfront: Yes SqFt Source: Owner # of Stories: 2 Total Units: 3 % Air Conditioned: 35 Subdivision: Key Largo City Garden Cove Year Built: 1967 SqFt - Living: 836

Location, Tax & Legal

Geo Area: PB07 State/Province: FL Tax Year: 2012 Zoning: n/a Real Estate Taxes: 53249 Area: 5940 County: Monroe Parcel ID: 00083700000000 Street #: 107900 Street Name: 107900 Street Suffix: Highway Zip Code: 33036 Legal Desc: 25/36 60 39 ISLAND OF KEY LARGO PB5-11 TRACT OF LOW MANGROVE OR403-841 OR846-2158 OR873-528/529Q/C OR1160-698/99FJ(CW) O Geo Lat: 25.102202 Geo Lon: -80.437334

Remarks & Misc

Directions: Coming of the bridge watch out for Gilbert's Resort signage.

Office/Member Info

DXORIGMLNO: RX-10047060 DXORIGMLSID: RML

Status Change Info

Terms of Sale: Assumable Sold Price/Bldg SqFt: 13397.12 Under Contract Date: 2014-06-06 Sold Date: 2014-08-28 Sold Price: $11,200,000

Location

Beach Area: 1

Type of Building

Commercial: 1 Free Standing: 1 Hotel / Motel: 1 Marina: 1 Office Space: 1 Restaurant: 1

Sale Includes

Building and Land: 1

Avail Info

Books & Records: 1 Full Financials: 1 Tax Return: 1

Avail Docs

Occupational License: 1 Survey: 1

Cooling

Ceiling Fan: 1 Wall-Win A/C: 1

Heating

Other: 1

Tenant Pays

None: 1

Use

Hotel/ Motel: 1 Professional Office: 1

Flooring

Tile: 1 Other: 1

Utilities

Cable: 1 Public Water: 1 Septic: 1

Fire Protect

Smoke Alarm: 1

Roof

Other: 1

Terms Considered

Cash: 1 Conventional: 1 FHA: 1

Possession

At Closing: 1

Lease

None: 1

Property Features

Use: Hotel/ Motel; Professional Office Type of Building: Commercial; Free Standing; Hotel / Motel; Marina; Office Space; Restaurant Location: Beach Area Sale Includes: Building and Land Avail Docs: Occupational License; Survey Avail Info: Books & Records; Full Financials; Tax Return Flooring: Tile; Other Cooling: Ceiling Fan; Wall-Win A/C Heating: Other Fire Protect: Smoke Alarm Tenant Pays: None Utilities: Cable; Public Water; Septic Roof: Other Terms Considered: Cash; Conventional; FHA Lease: None Possession: At Closing
Listing Office: Engel & Volkers Palm Beach
Last Updated: August - 05 - 2021
107900 107900 Highway, Islamorada, FL 33036- MLS# RX-10047060
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2024 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
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