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Showing posts with label guest house for sale. Show all posts
Showing posts with label guest house for sale. Show all posts

Sunday, July 23, 2017

1101 Southard Street, Key West - Guest House For Sale

Just listed by Preferred Properties Key West, the Frances Street Bottle Inn located at 1101 Southard Street in Old Town.  The listing Broker, not me, describes this guesthouse this way:
"The Frances Street Bottle Inn is a well established guest house in the heart of old town Key West. The house has been lovingly restored and is a beautiful example of historic Key West architecture. There are eight lovely rooms, seven which are transient. In addition to the guest rooms there is a spacious lounge/dining room, an office/reception area and a wide porch where guests relax in the mornings and evenings and watch the world go by. Two of the guest room suites have living rooms and kitchenettes, one has a large balcony. Two of the guest rooms have a brick outdoor patio. The guest house is perfectly located in the heart of old town within walking distance to everything."
 The Frances Street Bottle Inn is nestled behind a gorgeous Royal Poinciana Tree. During May and June that tree bursts into millions of tiny red flowers attracting passers-by to take a look.  The immediate area encompassing Fleming Street to the north to Angela Street at the south and from White Street to the east to Grinnell at the west have some of the prettiest and most expensive homes in Old Town.  The Inn is located within an easy walking distance to Duval Street and the Historic Key West Seaport. It is also within an easy walking distance to many of the gyms and yoga studios. Guests love the convenient location because of its proximity to all the Old Town has to offer but it is not so close as to be bothered by all the craziness of Duval Street.  
 I searched the Sanborn Fire Map for 1889 and found what I believe to be the main part of the current building now known as 1011 Southard Street.  I dug into the old shoebox and found a photo taken from the Frances Street side in 1965 with a notation that the building was built in the 1920s.  I think that may be when the one story addition at the rear on the Frances Street side was built because the 1912 Sanborn Map did not show the addition.
The building's current structure has 2920 sq ft of living area under air conditioning. This does not include any of the deck areas.  The building sits on a 3445 sq ft lot (53' on Frances Street opposite Cafe Sole by 65' on Southard Street). There is no pool but there is space to add a pool on the east side of the lot where there is a large bricked terrace.

The bricked terrace extends another fifteen feet or so on beyond the wood fence at the rear.  In reality most guests will probably out sight seeing rather than hanging by the pool. But having a pool or spa would enhance marketability a bit. Having been a guesthouse owner myself, I know the things new guests ask for when they check in "Where's the bathroom?"; "Where can I get a drink"; and "How far is the beach?"
The breakfast nook is located just off the front porch. The doors open out to that porch which wraps around the Frances Street side. Guests may dine inside or outside. They can sit and share their Key West experiences with others guests and perhaps checkout a restaurant or gallery for later that day.  Guest houses are different from hotels. People feel like they are in a home, not in a hotel. They like pretend this is their home. They will sit on a porch or a balcony and watch the people go by imagining how wonderful their lives might be if they could live in Key West in a home like this and experience the relaxed environment of our island paradise. CLICK HERE for more photos.
Let's Pretend!
This guest room includes a private sitting area and a mini-bar. Guests could really "play house" in this special room. It is individual rooms like these (as opposed to standard rooms and junior suites) in hotels) that motivates guests to return to guest houses year after year.  If the guests like the guest house and the guest house owner and staff, they will likely book the same room for the same time in the year to come. People are creatures of habit. If they like their experience, they will return.    


CLICK HERE to view the Key West MLS datasheet on this property. But better than looking at the mls, let's schedule a personal viewing of this money making opportunity. This property will give a chance to move to Key West, operate a profitable business, and change your life.  Please call me, Gary Thomas, 305-766-2642 to schedule an appointment.  I am a buyers agent and a full time Realtor at Preferred Properties Key West.  Let me help you find your place in Paradise.

Monday, August 4, 2014

Key West Guesthouse For Sale - 1101 Southard Street, Key West

 The Frances Street Bottle Inn located in Old Town Key West is small boutique style guest house with eight rooms offered for sale at $2,575,000.  The listing broker describes the property this way:

"The Frances Street Bottle Inn is a well established guest house in the heart of old town Key West. The house has been lovingly restored and is a beautiful example of historic Key West architecture. There are eight lovely rooms, seven transient and one non-transient. In addition to the guest rooms there is a spacious lounge/dining room, an office/reception area and a wide porch where guests relax in the mornings and evenings and watch the world go by. Two of the guest room suites have living rooms and all have an outdoor space. Two of the guest rooms have brick patios. The guesthouse is perfectly located in the heart of old town within walking distance to everything."
 
The Frances Street Bottle Inn is nestled behind a gorgeous Royal Poinciana Tree which in May and June is ablaze with millions of tiny red flowers. The immediate neighborhood around the guesthouse has some of the prettiest and most expensive homes in Old Town.  The Inn is located within an easy walking distance to Duval Street and the Historic Key West Seaport.Most of the gyms and yoga studios are within a few minutes walk as well.
The building's current structure has 2920 sq ft of living area under air conditioning. This does not include any of the expansive covered first and second floor deck areas which provide abundant spaces for eating a morning croissant or sipping a glass of wine in the evening.  The building sits on a 3445 sq ft lot (53' on Frances Street by 65' on Southard Street). Two rooms on the east side of the guesthouse open out to a private bricked terrace where there may be room for a pool or spa. Three rooms front Southard Street and have access to the front decks. Guests love private deck spaces to watch the world go by. The historic property has lots of  Dade County Pine walls and other architectural features from two centuries ago. But the rooms are totally up to date and feature modern amenities that make travel fun.  CLICK HERE to view more photos.

CLICK HERE to view the Key West mls datasheet on this property. But better than looking at the mls, let's schedule a personal viewing of this money making opportunity. This property will give a new owner the opportunity to move to Key West, operate a profitable business, and change your life.  Please call me, Gary Thomas, 305-766-2642 to schedule an appointment.  I am a buyers agent and a full time Realtor at Preferred Properties Key West.  Let me help you find your new job in Paradise.

Wednesday, August 28, 2013

Big Deal in Little Key West


 It was announced today that LaSalle Hotel Properties purchased the 260 room Southernmost Hotel Collection in Key West for $184,500,000. The four hotels are the Southernmost on the Beach, Southernmost Hotel in the USA, and LaMer and Dewey House.  The price equates to $700,000 per room key. I am only reporting this sale. I had nothing to do with the sale!

Michael D. Barnell, CEO and President of LaSalle Hotel Properties said "We are very excited to have acquired this unique, extremely well located asset." "The property is located on the ocean in one of the strongest U.S. markets..."

In May 2013 Ashford Hospitality Trust, Inc. purchased the Pier House Resort and Caribbean Spa for $90,000,000 or $634,000 per room key. 
Also interesting to note is that several large guest houses have been sold in the past year including The Cypress House, Oasis Guest House, Coconut Grove Guest House, Coral Tree Guest House, Papa's Hideaway Guest House, and Big Ruby's Guest House.  There's big money keeping heads in beds in our little town.

There are a couple of guest houses still for sale in Key West. Now is the opportune time to purchase so that you will have time to get new financing in place, do your training, and get ready to see the money flying in the doors.  If you have been thinking of buying a guest house in Key West, please contact me, Gary Thomas, 305-766-2642 or send me an email at kw1101v@aol.com.  I am a buyers agent and a full time Realtor at Preferred Properties Key West. 



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The information on this site is for discussion purposes only. Under no circumstances does this information constitute a recommendation to buy or sell securities, assets, real estate, or otherwise. Information has not been verified, is not guaranteed, and is subject to change.
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