The real estate market for lodging in Key West continues to be sizzling hot through 2018 as a large number of lodging facilities have changed hands at record prices per unit. Most recently sold was the Coco Plum Inn located at 611-615 Whitehead Street. It is a prime Old Town location, one block from Duval Street, equidistant from Mallory Square and the Southernmost Point, and 2 blocks from the lighthouse and Hemingway’s house. The Coco Plum Inn consists of two classic historic two-story Conch houses with a swimming pool in between amongst tropical gardens and a 12-seat restaurant serving hot breakfast ordered a la carte from the menu. Coco Plum Inn has 14 transient-licensed hotel units and 1 non-transient apartment, plus a full commercial kitchen and restaurant seating area.

Keith led the team that represented both the sellers and the buyer. Congratulations to the sellers who were a local family and custodians of the property for over 20 years and our buyers who also own a number of other iconic guest houses in Old Town Key West including Island City House, Mermaid & Alligator, Artist House on Fleming, Traveler’s Palm, Westwinds and Azul.

The lodging market continues to thrive right along with Key West’s popularity. Contact Keith for a financial and market analysis of your property or let him seek out viable investments for you in Key West.