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
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
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
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
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
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
Sunset Cove, the oldest motel in Key Largo, has been in business 65 years. Photo by Jessica Weiss Bud Cornell slumps into a chair under a thatched chickee roof at the Sunset Cove Beach Resort in Key Largo. Taking a break from wrestling with his motel’s plumbing, he wipes sweat from his flushed cheeks and … Read more
Publix will begin demolishing the 10 buildings that sit on its planned market site in Islamorada before the end of the month. Most notably, the buildings include the former Fish Bowl bowling alley, which closed in 2012, and the Coral Grill, a decaying Islamorada landmark that closed more than 15 years ago. Publix attorney Andy … Read more
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
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