1601 Ocean Drive Vero Beach, FL 32963

Active

$11,750,000

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0.93 Acres
Commercial
MLS# RX-10753111

Listing provided courtesy of: Compass Florida LLC

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Property Details

Description Tours

Compass Commercial is pleased to present the rare opportunity to acquire a high-performing boutique hotel in one of Florida's most coveted real estate markets. The Caribbean Court Boutique Hotel features 18 well-appointed guest rooms, including a third-party restaurant, piano bar and lounge, pool area and patio - all situated in an idyllic setting, 100' from the beach on the barrier island in Vero Beach, home to white sandy beaches and some of the most desirable real estate in the country. The Resort is conveniently located at Ocean Drive and the 17th Street Causeway, a direct route to mainland grocery, dining, hospital and retail stores.

General Features
- County Indian River
- Sale Includes Building and Land,Equipment,Fixtures,Furniture,Inventory,License,Machinery,Signs,Tools,Trade Name
- Tenant Pays Electric,Insurance,Taxes,Water
- Type Hotel-Motel
- Zoning C-1A
- Use Hotel/ Motel,Income,Mixed
- Year Built 1985
Building Features
- # of Stories 2.0
- % Air Conditioned 100.00
- Baths - # Toilets 25.00
- Building Info Num of Offices 1
- Cooling Central Individual
- Fire Protect Smoke Alarm
- Flooring Concrete,Terrazzo Floor,Tile
- Heating Central Individual
- Roof Comp Rolled,Metal
- Total Building SqFt 12566.00
- Type of Building Commercial,Hotel / Motel,Income,Lounge,Special Purpose
Property Features
- Acres 0.93
- Building Info: Miles to Beach 8
- Property Desc OCEAN CORPORATION SU
- Utilities Cable,Electric,Public Sewer,Public Water

Contact

Sam Robbins

Broker Associate

Downtown Office

Cell: 772-643-5255

Neighborhood

32963 (Vero Beach) Demographics

69 Median Age

369 Population Density (per sq. mile)

75% College Educated

$112,755 Estimated Median Income

6,784 Estimated Total Home Owners

492 Estimated Total Renters

93% / 7% Estimated Owner / Renter Divide

2 Estimated Average Household Size

15,027 Total Population

Community data courtesy of LiveBy, Inc.

Market Last 30 Days In This Postal Code

$895,000 Median Sales Price

65 Homes Sold

84 New On Market

Average Days on Site

Properties for Sale

Calculations provided by Reliance Network

Property History

Date	Event	Price	Percent Change
--	Current Price Source: Multiple Listing Service	New Value: $11,750,000
2/14/2022 1:38:56 PM	Price Increased Source: Multiple Listing Service	New Value: $11,750,000	20.51%
10/19/2021 1:39:00 PM	New in Database Source: Multiple Listing Service	New Value: $9,750,000

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All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2022 Beaches Multiple Listing Service, Inc..

Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.