The Days Inn in Islamorada Under Contract – $15M

  Robert Cvetkovski, who also owns Smugglers Cove in Islamorada, told TRD that he hopes to close on the purchase within three months. He then plans to spend $5 million to renovate the rooms and upgrade the property, including bringing in a new restaurant concept. The 48-room Days Inn, at 82749 Overseas Highway, is spread … Read more

The Changing Florida Keys Business Climate

Generally speaking, the Florida Keys business market is made of small businesses. Up and down the island chain, mom-and-pop establishments connect the business landscape the same way our mangroves anchor our islands. But recently on both a local and national scale, there’s been a rebirth in the small-business-for-sale market, as owners who waited patiently to … Read more

Stock Island: Rebirth of an Island

In his Roostica Wood-Fire Pizzeria-branded pickup truck Thursday morning, Bobby Mongelli points out a Stock Island trailer park with 90 units — and 400 people. “That’s our workforce housing,” Mongelli, who owns Roostica and the Hogfish Bar & Grill on Stock Island, said, naming off professions from dishwashers to hotel employees. On a morning run … Read more

Marathon Looks at Buying Former Quay Site

A suggestion that the city of Marathon should explore purchasing land next to the boat ramp on Harbor Drive behind the Florida Keys Marathon International Airport brought protest from residents at a Thursday budget workshop. With some residents vehemently opposed, that shifted the discussion to perhaps purchasing the former Quay property next to the Island … Read more

Key Largo Resort Kona Kai Sold

Kristopher G. Wagner, P.A., Director, Commercial Sales with Keyes Commercial Real Estate Company, negotiated the sale of Kona Kai Resort, Gallery & Botanical Gardens, located at 97802 Overseas Highway in Key Largo, Florida. The 11-room resort property, which also features an owner’s suite, is considered one of the most exclusive resorts known to the Florida … Read more

Stock Island Real Estate Development

Marina projects, in particular, may help the island emerge from Key West’s shadow Long overshadowed by Key West, its neighbor to the south, Stock Island may be on the cusp of significant real estate development, particularly at marina properties. Last month, for example, Monroe County issued a permit for construction of a mixed-use development around … Read more

Unique Gilmore Estate ‘Houseboat’ For Sale – Islamorada

Price: $5,950,000 Location: 101 Carroll Street Islamorada, Florida 33036. Square Footage: 959 Land Size 5+ Acres Located oceanfront in downtown Islamorada, the historical Gilmore Estate is locally known as the Bay Bourne Houseboat. Situated on 5+ acres, with 300 feet of beach, the Houseboat is an actual 60 foot 1948 Chris Craft with 1 stateroom, … Read more

Islamorada Mansion Sells For Record $13.1 Million

A four-bedroom mansion on a lush, 6.5 acre compound in Islamorada has sold for more than $13.1 million, a record for the Florida Keys.The property includes a pool, a spa, a chef’s kitchen and a 500-foot boat dock, as well as a two-bedroom guest house. Its grounds were designed by the well-known landscape architect Raymond … Read more