107900 107900 Highway, Islamorada, FL 33036 (MLS# R10047060)

107900 107900 Highway, Islamorada, FL 33036

$11,200,000

Property Type: Commercial Sale Square Footage: 836 Status: Closed

Current Price: $11,200,000 List Date: 6/07/2014 Last Modified: 5/21/2026

Overview

Description

Amazing 4 acre Keys Resort! Gilbert's is the perfect getaway and only a 45 minute drive from Miami. 38 hotel rooms, 38 deeded boat slips + 680' dockage on deep water Intercostal Waterway. 4,600 sq ft 160 seat restaurant, Spectacular 6,000 sq ft+ outdoor TIKI rest/bar w/280 seats, & separate 1,500' Tiki Bar on beach. Liquor lic. incl. Beautiful beach, marina, dock office, front desk, pool, 8,000 gal fuel, boat ramp. Transient lic'd. Private entry to US-1. Developmental rights to 38 1-bed hotel available. Operate as-is or remodel to new hotel or condo. Potential owner financing.

Listing Details MLS# R10047060

General Property Information

Number Of Units Total: 3
Building Area Main: 836
Building Area Source: Owner
Year Built: 1967
Lot Size Area: 174240
Lot Size Acres: 4
Stories: 2

Property Features

Building Features: Free Standing Business Type: Commercial Documents Available: Books & Records; Existing Survey; Financial Statement; Tax Return Flooring: Tile; Other Heating: Other Location of Property: Beach Access Possession: Close Of Escrow Sale Includes: Building; Land Special Licenses: Occupational Cooling: Ceiling Fan(s); Wall/Window Unit(s) Listing Terms: Cash; Conventional; FHA Roof: Other Security Features: Fire Alarm Sewer: Septic Tank Structure Type: Hotel/Motel; Office Utilities: Cable Available Water Source: Public Showing Requirements: Call Listing Agent

Contract Information

Comp Sale YN: No
Original List Price: 12900000

Location and Legal

County Or Parish: Monroe
County Parish Name: Monroe
Street Number: 107900
Street Name: 107900
Street Suffix: Highway
City Name: Islamorada
State Or Province: FL
Postal Code: 33036
Area: 5940 - Other Florida County
Parcel Number: 00083700000000
Zoning: n/a
Directions: Coming of the bridge watch out for Gilbert's Resort signage.
Property Description: Gilbert's Resort

Financial Information

Tax Annual Amount: 53249
Tax Year: 2012
Tax Legal Description: 25/36 60 39 ISLAND OF KEY LARGO PB5-11 TRACT OF LOW MANGROVE OR403-841 OR846-2158 OR873-528/529Q/C OR1160-698/99FJ(CW) O

Remarks and Miscellaneous

Public Historical Remarks: Building Type: Y

More Information

Status Change Information

Major Change Timestamp: 2014-10-08T01:36:31Z
Major Change Type: Status Change
Status Change Date: 2014-10-07
Under Contract Date: 2014-06-06
Close Date: 2014-08-28
Close Price: 11200000
Buyer Financing: Assumed

Building and Property Details

% Air Conditioned: 35

Price Calculations

Current Price To SqFt: 13397.12
Original List Price To Close Price: 1.15

Originating Details

Originating System Key: 20140606115111197448000000
Originating System ID: M00000170

Listing Office: Engel & Volkers Palm Beach

Last Updated: May - 21 - 2026

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