$29,800,000
Key Largo, FL 33037
MLS# 608573
70 beds | 74 baths | 46426 sqft
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Property Description
Welcome to an unparalleled investment opportunity in the heart of Key Largo! Resorts of Key Largo Inc. and Sub Resorts Two LLC proudly presents a diverse portfolio of prime commercial properties, strategically located in highly coveted areas. This exclusive offering combines a luxurious bayfront resort and a hotel with potential for TRE conversion, promising an exceptional return on investment. Key Largo Inn - A 50-key, 62-room hotel boasts a 5COP full liquor license. Perfectly situated for a developer's dream conversion to sell 50 Transferable ROGO Exemption (TREs). Bahia Bay Resort - Over 2 acres of exclusive bayfront paradise features 20 vacation rental rooms, two common areas with kitchens, offering stunning sunset views, dockage, an inviting swimming pool and so much more. Seize the opportunity to own both hospitalities and diversify your investment. The owner-managed properties ensure cohesive and efficient operations. More in-depth information is available upon the execution of a signed Confidentiality Agreement. There is nothing comparable that is offered in all of the Florida Keys and is in one of the most sought-after destinations. Unlock the potential of these prime properties by converting them into a rehabilitative haven or assisted living facility. With their inviting ambiance these properties offer an ideal canvas for a nurturing environment. Contact me to explore the endless possibilities that await in this unique investment opportunity! See MLS#608789 and #610935 for each hospitality sold separately.
Details
Maps
Contract Information
Current Price: $29,800,000
Listing Date: 2024-02-05
Listing Board: Florida Keys
List Price: $29,800,000
Limitd Reprsntation: No
As is Rght to Inspct: Yes
For Sale/Lease: For Sale
Potential Short Sale: No
Bank Owned: No
Location Tax Legal
Street #: 97340-360
Street Name: Overseas
Street Suffix: Highway
Key/Island: Key Largo
State/Province: FL
Zip Code: 33037
Subdivision: Mandalay Key Amt Plat (98.0)
County: Monroe
Area: 27 - Key Largo MM 97-107
General Property Description
Realtor.COM Type: Commercial
Style: Commercial
Lot SqFt: 111775
Waterfront: Yes
Control Depth: 4
Building SqFt: 46426
SqFt Source: Tax Records
Living Apx SqFt: 46426
Year Built: 1994
Total Bedrooms: 70
Full Baths: 72
Half Baths: 2
Total Baths: 74
Status Change Info
Status: Active
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Dockage
Dock: Wood
Appliances
Other: more appliances
Financial Status
Bank Owned: No
Potential Short Sale: No
Property Features
License Info: 5-Cop (Transferable)
Type: Hotel/Motel
Waterfront: Bay Front; Open Water; None
Waterview: Bay/Gulf View; Open Water View; No Waterview
Dockage: None
Vehicle Storage: Common Parking; Guest Parking
Utilities: FKAA
Appliances: Dryer; Range; Refrigerator; Washer
Miscellaneous: High Traffc Location; High Visibility; Highway Frontage; Lobby; Open Water View; Pool
Construction: CBS; Concrete
Land Size: 2 Less Than 5 Acres
Fee Includes: None
Title: Title Ins - Buyer
Listing Office: Berkshire Hathaway HomeServices Keys Real Estate - Islamorada
Last Updated: October - 21 - 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.