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243 61St Street Gulf Street
Marathon FL 33050 US

$6,290,000

Active Listing ID 609079
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13 bed
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14.00 Bath (13 Full , 1 Half)
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Other

$6,290,000

Active Listing ID 609079
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243 61St Street Gulf Street A rare and unique income producing Hotel in Marathon. Tropical Cottages is a boutique & profitable Mom and Pop Motel. Total of 11 valuable Transient Licenses, 13 Rooms plus office with kitchen & check in room. 9 buildings on the property, 8 adorable free standing cottages with new Victorian shingle roofs & the main building with 3 rooms in good condition. Each room has been tastefully and tropically renovated inside and out. Each room is unique & comes fully furnished. Most of the units have small kitchenettes including sink with microwave and refrigerator. All units have refrigerator & microwave. Additionally, there is a large Tiki Hut & Bar along with Food Truck with seating area. The Food Truck and Tiki Bar are leased for $6, 000 per mos on a short term agreement. The Motel is managed by Owners . The hotel runs on auto-pilot. Online check-in available with a good housekeeping staff as back up. Most of the business is from repeat customers, plus online booking sites are all utilized.On site is a full laundry room with Commercial grade washers/dryers and storage rooms throughout. All housekeeping is done on site. Small, friendly & efficient staff has been there long term and willing to stay on with new owners. There are a total of 6 lots encompassing over 1/2 acre of land, total .56 Ac or 24, 384 sf. Ample off street parking for guests. Zoning is GC and land use is recognized as Hotel/Motel. Bonus of Deeded waterfront access at the end of 61st St. which has a boat ramp and staging area for all types of watercrafts and sports. Same family ownership since 2010. Tropical Cottages was started back in the mid 1950's as a Fish camp and is one of the few remaining Mom & Pop Motels throughout the Florida Keys. Motel generates substantial Net income year after year to current owners. Sellers may consider Seller Financing to a qualified buyer and must have 40%-50% or more down payment. Terms to be negotiated.

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Property Features

  • Facts
  • Property Type: Commercial Sale
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 13
  • 1/2 Bathrooms: 1
  • Roof Type: Metal, Other

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 6290000
  • unparsedaddress: 243 61St Street Gulf Street
  • postalcity: Marathon
  • stateorprovince: FL
  • country: US
  • postalcode: 33050
  • bathroomsfull: 13
  • bathroomshalf: 1
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeunits: Acres
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 24.718516
  • longitude: -81.070862
  • listagentfullname: Curtis A Skomp, CCIM
  • listagentemail: cskomp@remax.net
  • listagentkey: 3yd-KWARFL-20080326131326952342000000
  • listagentmlsid: 20080326131326952342000000
  • listagentofficephone: 3052961400
  • listofficekey: 3yd-KWARFL-20140117221141631400000000
  • listagentstatelicense: 586474
  • listofficemlsid: 20140117221141631400000000
  • disclaimer: Copyright © 2025 Key West Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: KWARFL
  • yearbuilt: 1954
  • listagenturl: http://www.FloridaKeysCommercial.com
  • countyorparish: Monroe
  • parcelnumber: 00338430-000000
  • appliances: Dryer, Refrigerator
  • constructionmaterials: Frame
  • numberofunitstotal: 11
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 1
  • parkingtotal: 0
  • parkingfeatures: Guest
  • roof: Metal, Other
  • view: Water
  • waterfrontyn: False
  • interiorfeatures: Drapes/Blinds Incl, Window Treatments, Furnished, Laundry Room
  • architecturalstyle: Other
  • rooms: Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -81.07086, 24.718515
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Internet Realty/Florida Keys Inc (KW)", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"cskomp@remax.net", "ListBrokerageCity":"Summerland Key", "ListBrokerageCountry":"US", "ListBrokerageEmail":null, "ListBrokerageLogoUrl":null, "ListBrokerageName":"Internet Realty/Florida Keys Inc (KW)", "ListBrokeragePhone":"(305) 745-9088", "ListBrokeragePostalCode":null, "ListBrokerageStateOrProvince":"FL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"24752 Overseas Hwy", "ListBrokerageWebsiteUrl":"http://www.", "ListOfficeAddress1":"517 DUVAL STREET", "ListOfficeAddress2":"SUITE 200", "ListOfficeBrokerMlsId":"20080326131326952342000000", "ListOfficeCity":"Key West", "ListOfficeCountry":"US", "ListOfficeEmail":"cskomp@remax.net", "ListOfficePostalCode":"33040", "ListOfficeStateOrProvince":"FL", "ListPriceCurrencyType":"USD", "ListingTitle":"Hotel/Motel - Marathon, FL", "ListingURL":"https://listings.listhub.net/pages/KWARFL/609079/?channel=rexren", "MLSModificationTimestamp":"2025-01-08T15:32:34Z", "Neighborhoods":[{"Description":null, "Name":"15 - Sombrero Bch Rd to Vaca Cut Gulfside"}], "PostalCode":null, "RawPropertySubType":"Hotel/Motel", "RawPropertyType":"Commercial", "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":20278.1, "TaxDescription":null, "TaxYear":"2024"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 1/15/2025 12:52:29 AM GMT
Source Updated Date: 2/13/2025 6:47:32 AM GMT

Courtesy of: Curtis A Skomp, CCIM, RE/MAX Keys Connection (KW), cskomp@remax.net

Copyright © 2025 Key West Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.