6440 Maloney, Stock Island, FL 33040

$11,500,000
8,184
SqFt
List Price
$11,500,000
MLS#
601186
Status
ACTIVE
Price Change
▼ $500,000 1663615619
Days on Market
131
Year Built
1953
Style
Residential Income
Living Area
8,184
Region
Stock Island
Subdivision
Maloney Sub (5.0)

Property Description

Prime Shovel Ready Vacation Rental Resort development opportunity in Key West. Property includes 1.92 Acres with 2 parcels at the corner of 4th Ave. & Maloney Ave past Front Street. 575' of frontage on 4th Ave. County Approved for 27 single family homes and total of 38,880 sf total or 1,440 sf/unit. Plans call for a gated community which can be licensed and operated as daily vacation rentals. The combined parcels 5730 4th Ave and 6440 Maloney Ave comprise 83,750 sq. ft. THIS IS A SHOVEL READY PROJECT ON STOCK ISLAND! Demo permits and site permits have already been approved. Construction plans are available. This property sits just 400 ft from the waterfront and is adjacent one of the last undeveloped 10 acre hotel pads with a deep water harbor. In addition, a commercial building with 1,756 sq. ft. perfect for convenience store, restaurant or office space is included.

Additional Information

Taxes
$28,415
Lot Size
83,750
Lot Dimensions
175x249
Mile Marker
5
Utilities
Buyer to Verify
Waterfront Desc
None

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Re/Max Keys Connection (Kw).