Coconut Palm Inn 198 Harborview Dr

Prime investment opportunity. This Florida Key boutique Motel is a true Tropical Oasis. It has over 400' of bay frontage and 3 piers with 14 individual boat slips. The most water frontage and dockage of any small resort in the Keys. A beautiful western exposure for breath taking sunsets all year round. Located in the Sport Fishing capital of the world with immediate Bay and Intercoastal waterway access for Backcountry fishing (Snook, Tarpon, Permit and Bonefish). Only minutes away from Tavernier Creek to go Ocean side for Deep Sea fishing and the Coral Reefs. Key Largo is also known as the Dive capital of the world.
Coconut Palm Inn consists of 19 private suites with individual decks, Heated/Chilled pool, Tiki Huts and Sandy beaches. The staff and management are top notch and well experienced. The Motel continually achieves a $350.00 average daily room rate. Privately located in a protected Mangrove cove, yet still only 1 hour south of Miami on the 4 lane portion of US1. It is a Tropical Paradise with a variety of Palm trees, Bromeliads and Orchids throughout the 1.35 acres of upland property.
The sellers have owned and operated Coconut Palm Inn for over 23 years. Future development plans have been approved by the county in 2016 and 2019 to replace 3-6 units for new larger suites. The owner will be present for all showings and they have asked for the upmost confidentiality in marketing their Resort. Their asking price has been reduced to $13.9M and they will provide owner financing with 50% down. Financials are available once the Confidentiality/Nondisclosure agreement has been signed.