107900 107900 Highway, Islamorada, FL 33036
$11,200,000
Property Type:
Comm/Industry
Square Footage:
836
Status:
Closed
Current Price:
$11,200,000
Last Modified:
3/09/2026
Description
Amazing 4 acre Keys Resort! Gilbert's is the perfect getaway and only a 45 minute drive from Miami. 38 hotel rooms, 38 deeded boat slips + 680' dockage on deep water Intercostal Waterway. 4,600 sq ft 160 seat restaurant, Spectacular 6,000 sq ft+ outdoor TIKI rest/bar w/280 seats, & separate 1,500' Tiki Bar on beach. Liquor lic. incl. Beautiful beach, marina, dock office, front desk, pool, 8,000 gal fuel, boat ramp. Transient lic'd. Private entry to US-1. Developmental rights to 38 1-bed hotel available. Operate as-is or remodel to new hotel or condo. Potential owner financing.
More Information MLS# RX-10047060
Contract Information
Status: Closed
Original List Price: 12900000
Sold Price: $11,200,000
Current Price: $11,200,000
List Price/Bldg SqFt: 15430.62
Listing Date: 2014-06-06
General Property Description
For Sale: Yes
For Lease: No
Property Desc: Gilbert's Resort
Subdivision: Key Largo City Garden Cove
Year Built: 1967
SqFt - Living: 836
SqFt Source: Owner
# of Stories: 2
Total Units: 3
Acres: 4
% Air Conditioned: 35
Waterfront: Yes
Location Tax Legal
Area: 5940
County: Monroe
Parcel ID: 00083700000000
Street #: 107900
Street Name: 107900
Street Suffix: Highway
Zip Code: 33036
Legal Desc: 25/36 60 39 ISLAND OF KEY LARGO PB5-11 TRACT OF LOW MANGROVE OR403-841 OR846-2158 OR873-528/529Q/C OR1160-698/99FJ(CW) O
Geo Lat: 25.102202
Geo Lon: -80.437334
Status Change Info
Under Contract Date: 2014-06-06
Sold Date: 2014-08-28
Sold Price: $11,200,000
Terms of Sale: Assumable
Sold Price/Bldg SqFt: 13397.12
Property Features
Use: Hotel/ Motel; Professional Office
Type of Building: Commercial; Free Standing; Hotel / Motel; Marina; Office Space; Restaurant
Location: Beach Area
Sale Includes: Building and Land
Avail Docs: Occupational License; Survey
Avail Info: Books & Records; Full Financials; Tax Return
Flooring: Tile; Other
Cooling: Ceiling Fan; Wall-Win A/C
Heating: Other
Fire Protect: Smoke Alarm
Tenant Pays: None
Utilities: Cable; Public Water; Septic
Roof: Other
Terms Considered: Cash; Conventional; FHA
Lease: None
Possession: At Closing
Listing Office: Engel & Volkers Palm Beach
Last Updated: March - 09 - 2026
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