I went by the property this morning to take some current pics for you to see. I like to compare the way some of our grand old houses look today from yesterday. The sign on the front porch says it all -- NO VACANCY. That sign rarely moves because this place is always full.
The three most important words in real estate are location, location, location. The Southernmost Point Guest House has one of the very best locations in Key West. Click GOOGLE MAP for an aerial view that proves my point. The property is located about 200 feet from the Atlantic Ocean. Some of the rooms and verandas have ocean views. The property is one half block east of the world famous Southernmost Point so a lot of people walk by or drive by the location every day. The location is near the fun stuff and great restaurants on or near Duval Street, but it is not a the middle of the hubbub. At night the traffic is gone and the entire area is very peaceful. That is why so many visitors come back year after year.
The current owner has a very successful business plan evidenced by that constantly hanging NO VACANCY sign. A new owner will probably develop a new business plan and perhaps redesign the spaces and usage. I think this property could successfully compete with a couple of our boutique hotels.
The Monroe County Property Appraiser shows 8296 sq ft of building space and a large 14,575 sq ft lot. That lot includes the buildings, gardens, pool, and the parking lot. The availability of on site guest parking is a feature most guest houses do not have.
CLICK HERE to checkout the Key West mls database and to view more photos on this property. Better yet, please contact me, Gary Thomas, 305.766.2642 or by email at firstname.lastname@example.org. I am a full time Realtor at Preferred Properties Coastal Realty, Inc. in Key West, Florida. Our office is the exclusive Lower Florida Keys affiliate of Christie's Real Estate.