810-812 Duval Street $7,568,000
- 4,429 sq. ft.
- Commercial
- MLS# 586161
Listing provided courtesy of: Truman & Co. (KW)
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Property Details
Tropical Inn is an extraordinary boutique hotel centered on world-famous Duval St and equidistant from the Mallory Sunset Pier and the Southernmost Point Buoy. With an excellent ROI plus occupancy upside, the 11 exquisitely appointed guest rooms are each unique and are situated in 4 historic homes on nearly 1/4 acre of land in the heart of Key West's Commercial District. Lush tropical gardens, pools and spa create an enchanting paradise for guests who frequently visit the inn. With 20 years of success, the Tropical Inn has a large percentage of repeat guests. Tropical Inn consistently outperforms the average daily rate for Key West B&B's and 2019 revenue is up over 13% from 2018. The property consists of 4 parcels with 11 transient licenses and a commercial retail space on Duval St.
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General Features
- Land Size 1
- Building Square Footage 4,429
- For Sale or Lease For Sale
- Type Bar, Hotel/Motel, Restaurant, Retail
- Style Commercial
- Fee Includes None
- KW Neighborhood Old Town-N of Truman
- Subdivision Old Town - Unlisted (1.0)
- Key Island Key West
- Miscellaneous Fencing, High Traffc Location, High Visibility, Hot Tub, Lobby, Other Miscellaneous, Patio, Pool, Spa, Storage
- Potential Short Sale No
- Bank Owned No
- Property Rights Multi-Use/Commercial, Transient License
- Taxes $35,214
- Tax Year 2018
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Building Features
- Interior Features Cathedral Ceilings, Drapes/Blinds Incl, Foyer, Furnished, Laundry Room, Pantry, Smoke Alarms, Window Treatments
- Appliances Dishwasher, Dryer, Refrigerator, Washer
- Cooling/Heating Ceiling Fans, Central A/C, Combination A/C, Heat, Window/Wall Unit
- Construction Frame
- Flooring Carpet, Tile Floor, Wood Floor
- Roof Metal Roof
- Stories 1.0
- Windows/Doors Wood Windows
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Property Features
- Dockage None
- Garage Spaces 2
- Garage/Parking Off Street Parking
- Side N/A
- Water View No Waterview
- Waterfront Property No
- Waterfront Type None
- Utilities FKAA, Municipal Sewer
Contact
Neighborhood
33040 (Key West) Demographics
41 Median Age
1,911 Population Density (per sq. mile)
39% College Educated
$58,351 Estimated Median Income
5,548 Estimated Total Home Owners
7,072 Estimated Total Renters
44% / 56% Estimated Owner / Renter Divide
3 Estimated Average Household Size
35,357 Total Population
Community data courtesy of LiveBy, Inc.
Market Last 30 Days In This Postal Code
$850,000
Median Sales Price
85
Homes Sold
125
New On Market
Average Days on Site
Properties for Sale
Calculations provided by Reliance Network
Property History
| Date | Price |
|---|---|
| -- | New Value: $7,568,000 |
| 2/26/2021 4:23:26 PM | New Value: Contingent/Show |
| 6/18/2019 12:24:00 PM | New Value: $7,568,000 |
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**Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
**Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
Listing information is provided in part by the Internet Data Exchange (IDX) program of the Florida Keys Board of REALTORS®, Inc. The information on this website is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified. Copyright 2021 Florida Keys Board of REALTORS®, Inc. All rights reserved.
Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.
Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.