28550 Channel View, FL 33042 (MLS# A10249452)

28550 Channel View, FL 33042

$19,000,000

Virtual Tour

http://www.propertypanorama.com/instaview/mia/A10249452

Property Type: Residential Income Status: Closed

Current Price: $19,000,000 List Date: 3/29/2017 Last Modified: 8/11/2026

Overview

Description

Little Torch Cottages is the newest Class AAA rental community in the LowerKeys. The property features 48 two-bedroom townhome units that average1,081 square feet. The property features 400 feet of open water views on PineChannel, and fourteen, 22-foot boat slips. The property is 95.8% occupied withtwelve month leases. The zoning allows for short term leases with minimum 7day stays.

Listing Details MLS# A10249452

General Property Information

Number Of Units Total: Yes
Property Sub Type: Duplex
Year Built: 2014
Parking Total: 107
Waterfront YN: Yes
Water Frontage Feet: 400
Stories Total: 3
Pool Private YN: Yes

Property Features

Documents Available: Financial Statement; Rent Rolls Flooring: Tile; Vinyl Property Condition: New Construction Structure Type: Duplex Boat and Dock Features: Deeded Dock Construction Materials: Frame Cooling: Central Air Heating: Central; Separate Meters Listing Terms: Cash; Conventional Pool Features: In Ground Possession: Negotiable Roof: Metal Sewer: Public Sewer Tax Information: City/County; Tax Reflects No Exemptions Utilities: Cable Available Water Access: Ocean Access Waterfront Features: Bayfront; Canal Front; Ocean Front Showing Requirements: Appointment Only; Call Listing Agent Unit 1 Appliances: Dishwasher; Disposal; Dryer; Microwave; Range; Refrigerator; Washer Unit 1 Other Equipment: Smoke Detector(s) Contingencies: None

Contract Information

Comp Sale YN: No
Original List Price: 19000000

Location and Legal

Country: United States
County Or Parish: Monroe
County Parish Name: Monroe
Street Number: 28550
Street Name: Channel
Street Suffix: View
Municipal Code: 29
State Or Province: FL
Postal Code: 33042
Postal Zip: 33042
Subdivision Name: BARRY BEACH
Area: 5940 - Other Florida County
Geographic Area: Other
Parcel Number: 00214970000000
Zoning: UR
Directions: Located near mile marker 28 on US 1, turn north at US 1 and Barry Avenue,the property will be 50 yards on right hand side. The property is located on Little Torch KeyIsland, the next island from Big Pine Key and 27 miles from Key West.

Financial Information

Tax Annual Amount: 119969
Tax Year: 2016
Tax Legal Description: BARRY BEACH PB 2-127 LITTLE TORCH KEY LOT 2 AND 3 AND BAY BOTTOM E OF AND ADJ PT LOT 6 OR252-380/81 OR1167-869/70/TR OR1275-301/02PET OR1275

Status Change Information

Major Change Timestamp: 2017-07-29T01:10:51Z
Major Change Type: Status Change
Status Change Date: 2017-08-03
Under Contract Date: 2017-06-09
Close Date: 2017-07-28
Close Price: 19000000
Buyer Financing: Cash

More Information

Income and Expenses

Gross Income: 2649

Boat and Dock Information

Dock: Yes

Unit 1 Details

Actual Rent: 2649
Baths Full: 2
Baths Half: Yes
Efficiency YN: No
Furnished: Unfurnished
SqFt: 1081

Unit 1 Lease Description

Currently Leased YN: Yes

Unit 1 Parking Details

Carport YN: Yes

Buyer Details

Intended Use: Investment
Buyer State: Florida
Zip Code: 33409

Concessions

Seller Concessions: No

Section Details

Parcel Number MLX: Yes

Originating Details

Originating System Key: 251679828
Originating System ID: M00000151

Listing Office: Cushman & Wakefield of Florida

Last Updated: August - 11 - 2026

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