425 E Ocean Drive

Key Colony, FL 33051 / Key Colony Beach (53.5)

MLS ID# 599775 Closed
Commercial

Get directions

Closed $7,250,000

0.6 acres

• Images
• Map

View Larger

 

• Description
• Location, Tax & Legal
• General Property Description
• Details

Description

This is a money-making, membership-only swim, and beach club with very limited competition in the area. Located in Marathon, the boating and fishing heart of the Florida Keys, the property has 137 feet of private white sandy beach overlooking the Atlantic Ocean. A 65' x 35' zero edge, in-ground, concrete pool is the centerpiece of the property. The pool is temperature-controlled with a waterfall and a separate heated spa. The club features a relaxing waterfront restaurant and full service bar for the club members only. All furniture, fixtures, and equipment is included in the sale of the property. Gross income is over $1.5 million per year and the 2021 adjusted net income with all owner benefits approx. $950,000/ yr. There are two apartments, a gorgeous oceanfront 2bd/2ba second floor owner's apartment with private waterfront deck overlooking the Ocean and a ground floor efficiency apartment. This is a money-making, membership-only swim, and beach club with very limited competition in the area. Located in Marathon, the boating and fishing heart of the Florida Keys, the property has 137 feet of private white sandy beach overlooking the At... show more

Location, Tax & Legal

• Street # 425
• Direction E
• Street Name Ocean
• Street Suffix Drive
• Key/Island Key Colony
• City KEY COLONY
• State/Province FL
• Zip Code 33051
• Off Shore Island No
• Subdivision Key Colony Beach (53.5)
• Mile Marker 53.5
• County Monroe
• Area 17 - Vaca Cut - Both Sides Holiday Inn/Key Colony
• Marathon Neighborhood Marathon East - Gulf (Airport to Vaca)
• Side Ocean
• Flood Zone AE,VE,AE,VE,AE
• Alternate Key # 1078875
• Parcel # 00073970-000000
• Zoning RH - Resort Hotel
• Legal BK 6 PT LT 12 AND PT LT 13 AND 13A KEY COLONY BEACH PB3-120 SHELTER KEY OR515-802 OR797-369 OR796-1754/55 OR1403-951/52T
• Taxes 18781.02
• Tax Year 2021

General Property Description

• Realtor.COM Type Commercial
• Style Commercial
• Lot Size 26100
• Lot SqFt 26100
• Waterfront Yes
• Control Depth 0
• Business Name Cabana Club
• Year Established 1971-12-31
• Off Street Parking yes
• # Stories 2
• Building SqFt 5546
• Net Leasable Area 5546
• Total Units 0
• Year Built 1957
• Total Bedrooms 3
• Full Baths 4
• Half Baths 0
• Total Baths 4

Details

• Association Info

  No Mandatory Home Owners Asc, No 1st Right of Refusal

• Type

  Restaurant, Other Services

• Waterfront

  Oceanfront

• Waterview

  Ocean View

• Dockage

  None

• Utilities

  FKAA, Municipal Sewer

• Construction

  Concrete

• Land Size

  1/2 - Less Than 1 AC

• Fee Includes

  Other

• Show

  Call List Agent

• Financial Status

  No Bank Owned, No Potential Short Sale