$19,000,000
FL 33042
MLS# A10249452
Status: Closed
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Property Description
Little Torch Cottages is the newest Class AAA rental community in the LowerKeys. The property features 48 two-bedroom townhome units that average1,081 square feet. The property features 400 feet of open water views on PineChannel, and fourteen, 22-foot boat slips. The property is 95.8% occupied withtwelve month leases. The zoning allows for short term leases with minimum 7day stays.
Details
Maps
Contract Information
Comp Sale YN: No
Listing Date: 2017-03-29
Status: Closed
Original List Price: 19000000
Sold Price: $19,000,000
Current Price: $19,000,000
Location and Legal
Country: United States
County Or Parish: Monroe
County Parish Name: Monroe
Street Number: 28550
Street Name: Channel
Street Suffix: View
Municipal Code: 29
State Or Province: FL
Postal Code: 33042
Postal Zip: 33042
Subdivision Name: BARRY BEACH
Area: 5940 - Other Florida County
Geographic Area: Other
Parcel Number: 00214970000000
Zoning: UR
Directions: Located near mile marker 28 on US 1, turn north at US 1 and Barry Avenue,the property will be 50 yards on right hand side. The property is located on Little Torch KeyIsland, the next island from Big Pine Key and 27 miles from Key West.
General Property Information
Number Of Units Total: 1
Property Sub Type: Duplex
Year Built: 2014
Parking Total: 107
Waterfront YN: 1
Water Frontage Feet: 400
Stories Total: 3
Pool Private YN: Yes
Status Change Information
Major Change Timestamp: 2017-07-29T01:10:51Z
Major Change Type: Status Change
Status Change Date: 2017-08-03
Under Contract Date: 2017-06-09
Close Date: 2017-07-28
Close Price: 19000000
Buyer Financing: Cash
Income and Expenses
Gross Income: 2649
Boat and Dock Information
Dock: Yes
Buyer Details
Intended Use: Investment
Buyer State: Florida
Zip Code: 33409
Concessions
Seller Concessions: No
Unit 1 Details
Actual Rent: 2649
Baths Full: 2
Baths Half: 1
Beds Total: 2
Efficiency YN: No
Furnished: Unfurnished
SqFt: 1081
Unit 1 Lease Description
Currently Leased YN: Yes
Unit 1 Parking Details
Carport YN: Yes
Section Details
Parcel Number MLX: 1
Financial Information
Tax Annual Amount: 119969
Tax Year: 2016
Tax Legal Description: BARRY BEACH PB 2-127 LITTLE TORCH KEY LOT 2 AND 3 AND BAY BOTTOM E OF AND ADJ PT LOT 6 OR252-380/81 OR1167-869/70/TR OR1275-301/02PET OR1275
Originating Details
Originating System Key: 251679828
Originating System ID: M00000151
Property Features
Documents Available: Financial Statement; Rent Rolls
Flooring: Tile; Vinyl
Property Condition: New Construction
Structure Type: Duplex
Boat and Dock Features: Deeded Dock
Construction Materials: Frame
Cooling: Central Air
Heating: Central; Separate Meters
Listing Terms: Cash; Conventional
Pool Features: In Ground
Possession: Negotiable
Roof: Metal
Sewer: Public Sewer
Tax Information: City/County; Tax Reflects No Exemptions
Utilities: Cable Available
Water Access: Ocean Access
Waterfront Features: Bayfront; Canal Front; Ocean Front
Showing Requirements: Appointment Only; Call Listing Agent
Unit 1 Appliances: Dishwasher; Disposal; Dryer; Microwave; Range; Refrigerator; Washer
Unit 1 Other Equipment: Smoke Detector(s)
Contingencies: None
Listing Office: Cushman & Wakefield of Florida
Last Updated: August - 11 - 2026
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