$11,200,000
Islamorada, FL 33036
MLS# RX-10047060
Status: Closed
836 sqft
1 / 25
Property 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.
Details
Contract Information
List Price/Bldg SqFt: 15430.62
Status: Closed
Original List Price: 12900000
Sold Price: $11,200,000
Current Price: $11,200,000
Listing Date: 2014-06-06
General Property Description
For Sale: Yes
For Lease: No
Property Desc: Gilbert's Resort
Acres: 4
Waterfront: Yes
SqFt Source: Owner
# of Stories: 2
Total Units: 3
% Air Conditioned: 35
Subdivision: Key Largo City Garden Cove
Year Built: 1967
SqFt - Living: 836
Location, Tax & Legal
Geo Area: PB07
State/Province: FL
Tax Year: 2012
Zoning: n/a
Real Estate Taxes: 53249
Area: 5940
County: Monroe
Parcel ID: 00083700000000
Street #: 107900
Street Name: 107900
Street Suffix: Highway
Zip Code: 33036
Legal Desc: 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
Geo Lat: 25.102202
Geo Lon: -80.437334
Remarks & Misc
Directions: Coming of the bridge watch out for Gilbert's Resort signage.
Office/Member Info
DXORIGMLNO: RX-10047060
DXORIGMLSID: RML
Status Change Info
Terms of Sale: Assumable
Sold Price/Bldg SqFt: 13397.12
Under Contract Date: 2014-06-06
Sold Date: 2014-08-28
Sold Price: $11,200,000
Location
Beach Area: 1
Type of Building
Commercial: 1
Free Standing: 1
Hotel / Motel: 1
Marina: 1
Office Space: 1
Restaurant: 1
Sale Includes
Building and Land: 1
Avail Info
Books & Records: 1
Full Financials: 1
Tax Return: 1
Avail Docs
Occupational License: 1
Survey: 1
Cooling
Ceiling Fan: 1
Wall-Win A/C: 1
Heating
Other: 1
Tenant Pays
None: 1
Use
Hotel/ Motel: 1
Professional Office: 1
Flooring
Tile: 1
Other: 1
Utilities
Cable: 1
Public Water: 1
Septic: 1
Fire Protect
Smoke Alarm: 1
Roof
Other: 1
Terms Considered
Cash: 1
Conventional: 1
FHA: 1
Possession
At Closing: 1
Lease
None: 1
Property Features
Use: Hotel/ Motel; Professional Office
Type of Building: Commercial; Free Standing; Hotel / Motel; Marina; Office Space; Restaurant
Location: Beach Area
Sale Includes: Building and Land
Avail Docs: Occupational License; Survey
Avail Info: Books & Records; Full Financials; Tax Return
Flooring: Tile; Other
Cooling: Ceiling Fan; Wall-Win A/C
Heating: Other
Fire Protect: Smoke Alarm
Tenant Pays: None
Utilities: Cable; Public Water; Septic
Roof: Other
Terms Considered: Cash; Conventional; FHA
Lease: None
Possession: At Closing
Listing Office: Engel & Volkers Palm Beach
Last Updated: August - 05 - 2021
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
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