19269 Bad George Rd, Sugarloaf Key, Florida

19269 Bad George Road, Sugarloaf Key, Florida was just listed for sale by Preferred Properties Key West. If you have ever driven U.S. 1 from Miami to Key West, you will have passed the cutoff on Upper Sugarloaf Key that leads to this amazing property situated between Bad George Road and Mad Bob Road (must of been feuding neighbors back in the day). That stretch of U.S. 1 is continually referred to as one of the most scenic roads in the United Stares. I don't drive up to Miami very often, but when I do I take in every bit of the scenery. It is spectacular.

The listing Realtor describe the property this way:

Incredible opportunity! Former Sugarloaf Sports & Leisure Club. Great location, lots of space. Four buildings and more than 2 acres on Upper Sugarloaf Key selling ''as is''. Includes ground level, 150-seat restaurant and bar space; some restaurant equipment and may be reopened to qualify for SRX liquor license. Grounds feature big concrete pool, dipping pool, 3 clay tennis courts. Live in or rent the 2-story, 4b/2b apartment building, single-story administrative building, or another 2-story building. Zoned Suburban Commercial--verify multi use with county which includes commercial retail, or recreational use; could be lucrative public or private social club. Plenty of parking on front and back of property, which extends between Bad George and Mad Bob Roads. Bring your dreams, some creativity, and a little TLC to make this your dream investment property. Strategically located near Key West.

 

That last picture just turns me on! How cool would it be to buy this place and make it into your dream home. Just because this place has commercial potential does not mean that is all that it can be. I can envision a new owner creating a beautiful new home amid the pool and repurposed guest cottages or gym, artist studio, or whatever your heart desires. And consider this: building building lots in a good Key West locations cost over $1.5 million.

CLICK HERE to view the Key West MLS data sheet and more photos of 19269 Bad George Road, Sugarloaf Key Florida and then call me, Gary Thomas, 305-766-2642, to schedule a private showing. I am a buyers agent and a full time Realtor at Preferred Properties Key West. 

Banking Real Estate in Key West

 

I blogged about 1420 Whalton Street a couple of times over the past five years. It was a mid-century house located in one of the best locations in Key West. I showed the place to several people who hemmed and hawed. They had reservations. I told them to buy it, rent it, and bank the place. I said it would only go up in value. I was told that the guy that owns the house across the street bought it to prevent someone from building a monster house on the lot. He paid $1,182,747 or $277 per sq ft in March 2020. Then he took the house down, filled in the pool, and put up a fence to keep people out. 

I was in Colorado on September 20th of this year when the new owner listed this same lot for sale at $1,450,000. I planned to call the listing agent up to discuss blogging about the property. I thought the price was bonkers but our market has been bonkers. Two days later it went under contract. It closed on October 7, 2021 for $1,400,000 or $328 per sq ft. The owner/seller flipped an empty lot making a $217,253 "profit" in nineteen months. Of course the seller paid for the demolition expenses, realtor commission, and his share of closing costs. Still, he had a pretty good payday at the end. CLICK HERE to see MLS on this sale

Gary Thomas, Realtor, Preferred Properties Key West Florida