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Sold for $2,600,000
  • $2,600,000

    719 South St, Key West, FL 33040

    6beds
    2,430sqft
    Multi Family
    Built in 1958
    -- sqft lot
    $-- Zestimate®
    $1,070/sqft
    $7,621 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $7,621/mo

    Zestimate® history
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    What's special

    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Andrew G Birrell 305-923-5753,

    Berkshire Hathaway HomeServices Knight & Gardner Realty

    Bought with:

    Bernice Schafer

    Coastal Collection Real Estate Inc.

    Michelle Blades, 3184597

    Realty Executives Florida Keys Old Town

    Source: FLKMLS,MLS#: 608224MLS LogoOriginating MLS: Key West Association

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 5
    • Full bathrooms: 5
    Appliances
    • Included: Refrigerator, Range
    • Laundry: Laundry Room
    Interior area
    • Total interior livable area: 2,430 sqft

    Property

    Parking
    • Parking features: Off Street
    Features
    • Levels: Two,Ground Level
    • Stories: 2
    • Water view: None
    • Waterfront features: None, Dockage: None
    Lot
    • Size: 6,098 sqft
    • Features: Less Than 1/4 Acre
    Details
    • Parcel number: 00038260000000
    • Zoning: HRO
    • Zoning description: Historic Residential/Office

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • CBS
    Condition
    • Year built: 1958

    Utilities & green energy

    • Electric: Elect Separate Meter
    • Sewer: Municipal Sewer, Public Sewer
    • Utilities for property: FKAA, Buyer to Verify

    Community & neighborhood

    Location
    • Region: Key West
    • Subdivision: Old Town - Unlisted (1.0)

    HOA & financial

    HOA
    • Has HOA: No
    • Services included: None

    Price history

    DateEventPrice
    2/23/2024Sold$2,600,000-10.2%$1,070/sqft
    Source: FLKMLS #608224 Report a problem
    2/13/2024Pending sale$2,895,000$1,191/sqft
    Source: FLKMLS #608224 Report a problem
    2/8/2024Contingent$2,895,000$1,191/sqft
    Source: FLKMLS #608224 Report a problem
    1/17/2024Listed for sale$2,895,000+632.9%$1,191/sqft
    Source: FLKMLS #608224 Report a problem
    7/9/2002Sold$395,000+20.1%$163/sqft
    Source: Public Record Report a problem
    8/8/2001Sold$329,000$135/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$15,927 +18.2%$1,593,347 +35.7%
    2024$13,477 +12.5%$1,173,894 +10%
    2023$11,980 +12.7%$1,067,176 +10%
    2022$10,635 +7.8%$970,160 +10%
    2021$9,862 +1.4%$881,964 +1.2%
    2020$9,723 $871,875 -2%
    2019$9,723 -2.1%$889,815 -5.1%
    2018$9,935 -5.4%$937,686 +2.6%
    2017$10,500 +0.6%$913,795 +1.4%
    2016$10,434 -3.3%$901,091 +20.8%
    2015$10,792 $746,231

    Find assessor info on the county website

    Neighborhood: Casa Marina

    Nearby schools

    GreatSchools rating