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Brooke Vega

brooke@brookevega.com +1(305) 394-5759

Listed by The Spottswood Team Truman & Co. (KW)

$ 9,950,000

Est. payment | -/mo

7 Beds

8 Baths

3,558 Sqft Lot

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$ 9,950,000

Est. payment | -/mo

Save

7 Beds

8 Baths

3,558 Sqft Lot

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Old Town - Unlisted (1.0)

MLS Listing ID 620044

Bedrooms 7

Full Baths 7

Half Baths 1

HOA Y/N No

Year Built 1943

Annual Tax Amount $48,451

Tax Year 2025

Lot Size 3,558 Sqft

Acres 0.08

Lot Dimensions 43 X 81

Property Sub-Type Commercial

Property Description

Where Prohibition-Era Legend Meets Modern Key West Hospitality. Historic Key West Boutique Inn on Duval Street | 7 Licensed Transient Accommodations. A rare opportunity to acquire one of Key West's most iconic hospitality properties, ideally positioned on world-famous Duval Street in the heart of Old Town. The offering includes the real estate and lodging operation of the renowned Speakeasy Inn, featuring 7 licensed transient accommodations and a rich history deeply woven into the fabric of Key West's colorful past. Originally owned by legendary rum-runner Raul Vasquez during the Prohibition Era, the property served as a hub for the importation of spirits from Cuba into Key West. The home remains one of only a handful of residences in Key West with a basement, historically utilized to conceal smuggled rum during the 1920s and early 1930s. Distinctive architectural details, including the property's famous Cuban-imported porch balustrades depicting liquor bottles and playing-card symbols, stand today as enduring reminders of its fascinating past. Over the past several years, ownership has undertaken an extensive renovation program throughout the inn. All guest accommodations have been thoughtfully updated with new bathrooms, furnishings, interior and exterior paint, modern mini-split air conditioning systems, and significant capital improvements including a new roof and gutter system completed within the past 3 years. The result is a turnkey boutique lodging property that seamlessly blends historic Key West character with contemporary guest expectations. Located steps from the Southernmost Point, beaches, galleries, restaurants, and nightlife, the property enjoys exceptional year-round tourism demand and benefits from valuable transient licensing in one of Florida's most supply-constrained lodging markets. As an additional benefit to investors, current ownership intends to lease back & continue operating the Rum Bar located on the ground floor. *Seller is FL Realtor

Location

State FL

County Monroe

Area 02 - Key West

Zoning HRCC(1 - 4) - Hist Res Comm Core 1-4 SF Specl

Direction Corner of Duval Street & Amelia Street

Interior

Interior Features Cathedral Ceilings, Drapes/Blinds Incl, Smoke Alarms, Wet Bar, Window Treatments, Furnished, Laundry Room

Cooling Wall/Window Unit(s), Ceiling Fans(s)

Flooring Tile

Appliance Dryer, Washer

Exterior

Utilities Available FKAA, Municipal Sewer, Buyer To Verify

Waterfront Description None

Roof Type Metal Roof

Garage No

Building

Story 2

Level or Stories 2

Others

HOA Fee Include None

Tax ID 00027850-000000

Miscellaneous High Visibility, Utility Building, High Traffic Location, Patio

1117 Duval ST Key West, FL 33040

Brooke Vega

Key Details

Location

Interior

Exterior

Building

Others

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1117 Duval ST