$7,600,000

718 South Street

Key West FL, 33040

Description

The Seashell Motel & Hostel is located in the Casa Marina Area of Key West. This 21 bedroom property has 17 transient licenses and is a short walk from world famous Duval Street and the Southernmost Point. Located at the corner of South Street and William Street sit the four buildings totaling over 7,300 SF on a 13,744 SF lot. The lodging market has enjoyed a boom over the past decade in Key West in large part by local government marketing efforts and barriers to entry that are unprecedented in the State of Florida.

Details

MLS#588348
StyleHospitality
Sub-TypeResale
StatusActive
Year1948
Days On Site22

Features

SQ Feet7,300
Story(s)0
Units21
ZoningHMDR - Historic Medium Density R

Market Activity 33040

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Area Information

StateFL
CountyMonroe
CityKey West
Zip Code33040
AreaKey West
SubareaCasa Marina
Listing VS Median (in 33040)
Price:
$7,600,000
low | high
Med:
$699,000
100% of Average
SqFt:
7,300
low | high
Med:
1,434
100% of Average
$ / SqFt:
$1,041
low | high
Med:
$567
95.500877845656% of Average
On Site:
22
low | high
Med:
35.5
61.971830985915% of Average
Listing Updated: 12/13/2019
MLS Number: 588348
Listing Provided By:
Team Gardner/Langley  of  Berkshire Hathaway Knight Gardner Realty