136 Madeira Road, Upper Matecumbe Key Islamorada, FL 33036

$5,250,000

Property Type: Commercial Sale Bedrooms: 16 Baths: 16 Square Footage: 9,082 Lot Size (sq. ft.): 67,500 Status: Closed

Current Price: $5,250,000 List Date: 11/22/2013 Last Modified: 9/10/2024

Overview

Description

A boutique hotel situated on the aqua blue waters of Florida Bay will transport your guests to the world of relaxation and tranquility. Celebrating Sunsets Dailey! 16 existing hotel rooms are featured in two buildings - Sea View and Garden View. Potential to add 2 more units with site plan approvals and permit application already submitted to The Village of Islamorada.

Supplements: Building 1 - Garden View - built originally in 1958 - features 11 units that have been recently refurbished with updates. Building 2 - Sea View - built originally in 1950 - features 5 units that have been recently refurbished with updates. As you approach the waterfront a classic Bridge over the basin and dockage area you are lead to the Gazebo ... (Read more)

Listing Details MLS# 559459

Location, Tax & Legal

Street #: 136
Street Name: Madeira
Street Suffix: Road
Key/Island: Upper Matecumbe Key Islamorada
State/Province: FL
Zip Code: 33036
Subdivision: Strattons (82.5)
County: Monroe
Area: 23 - Upper Matecumbe
City: ISLAMORADA
Off Shore Island: No
Mile Marker: 82.5
Side: Bay/Gulf
Alternate Key #: 8906561
Parcel #: 00399491-000000
Zoning: TC - Tourist Commercial
Legal: STRATTONS SUB PB2-38 UPPER MATECUMBE N 1/2 LOT 10 & ALL LOT 11 BK 4 & BB NW'LY & ADJ OR459-976/79 OR817-2029/31 OR886-2
Taxes: 48273.58
Tax Year: 2012

Contract Information

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

General Property Description

Realtor.COM Type: Commercial
Style: Commercial
Lot SqFt: 67500
Waterfront: Yes
Control Depth: 4
Business Name: Casa Morada Hotel
Year Established: 1950-01-01
# Parking Spaces: 16
Off Street Parking: 16
# Stories: 2
Total # Buildings: 2
Building SqFt: 9082
SqFt Source: Property Data Card
Living Apx SqFt: 9082
Year Built: 1950
Total Bedrooms: 16
Full Baths: 16
Total Baths: 16

Status Change Info

Under Contract Date: 2014-06-16
Sold Date: 2014-09-24
Sold Comments: Commercial Loan- Centennial Bank

License Info

# of Transient Licns: State Hotel/Motel
2-Cop (Beer & Wine): Yes

Association Info

Mandatory Home Owners Asc: No

More Information

Misc Property Info

Recorded Plat: Yes

Property Info

# Boat Slips: 15
License Included: Yes

Vehicle Storage

Car(s): 4+
Guest Parking: Yes
Off Street Parking: Yes

Appliances

Other: hotel models

Financial Status

Bank Owned: No
Potential Short Sale: No

Remarks & Misc

Remarks – Consumer: A boutique hotel situated on the aqua blue waters of Florida Bay will transport your guests to the world of relaxation and tranquility. Celebrating Sunsets Dailey! 16 existing hotel rooms are featured in two buildings - Sea View and Garden View. Potential to add 2 more units with site plan approvals and permit application already submitted to The Village of Islamorada.
Directions: AT MILE MARKER 82 FROM THE OVERSEAS HIGHWAY TURN AT EITHER TED WILLIAMS WAY OR MADEIRA ROAD (ENTRANCE OF THE LORELEI).

Deed Restrictions

No: Yes

Type

Hotel/Motel: Yes

Fee Includes

None: Yes

Dockage

Basin: Yes
Boat Ramp: Yes
Boat Slip: Yes

Waterfront

Bay Front: Yes
Open Water: Yes

Electric

220 Volt: Yes
Circuit Breakers: Yes

Waterview

Bay/Gulf View: Yes
Open Water View: Yes

Construction

Combo Construction: Yes

Land Size

1 Less Than 2 Acres: Yes

Terms

Buyer Obtain Finance: Yes

Utilities

Buyer to Verify: Yes
FKAA: Yes
Individual Swr Plant: Yes

Title

Title Ins - Buyer: Yes

Property Rights

Other/See Remarks: Yes

Miscellaneous

Open Water View: Yes
Other Miscellaneous: Yes

Property Features

Deed Restrictions: No License Info: 2-Cop (Beer & Wine) Property Info: License Included Type: Hotel/Motel Waterfront: Bay Front; Open Water Waterview: Bay/Gulf View; Open Water View Dockage: Basin; Boat Ramp; Boat Slip Vehicle Storage: Guest Parking; Off Street Parking Utilities: Buyer to Verify; FKAA; Individual Swr Plant Miscellaneous: Open Water View; Other Miscellaneous Construction: Combo Construction Electric: 220 Volt; Circuit Breakers Land Size: 1 Less Than 2 Acres Fee Includes: None Terms: Buyer Obtain Finance Title: Title Ins - Buyer Property Rights: Other/See Remarks

Listing Office: Ocean Sotheby's International Realty

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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