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    412 Frances St Key West, FL 33040

    For Sale
    $11,500,000

    Hotel/Motel - Key West, FL

    Days on Market:
    72
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 412 Frances St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    HMDR - Historic Medium Density Residential
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    15
    Bathrooms
    18
    APN
    00005120-000000
    Interior features
    Laundry Room, Furnished
    Appliances
    Dryer

    Utilities

    Cooling system
    Ceiling Fan(s)

    Building Details

    Year built
    1929
    Floors in Building
    2
    Number of units
    15
    Building materials
    Frame
    Roof type
    Metal
    Architectural style
    Other

    Truman & Co. Real Estate Services (305) 292-2244 [email protected]

    Listing agent Terri Spottswood (305) 292-2244 License #161619

    Listing date Sep 25, 2025

    MLS# 614404 Listing URL

    Copyright © 2025 Key West Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Boutique Guesthouse in Old Town

    Heron House Court presents an opportunity to own a boutique guesthouse in the heart of Old Town Key West. This historic property, built circa 1900, was originally constructed to house workers of Flagler's overseas Railway and is listed on the National Register of Historic Places. The guesthouse has been maintained through the years and offers 15 deluxe rooms, 14 of which are licensed transient rentals. The property is sold fully furnished and turnkey, including all equipment, booking software, and a proven rental history. The guesthouse features private porches and multiple decked lounging areas. A heated pool is also located on the premises. The property is situated a short stroll from Duval Street's dining, shopping, and nightlife, as well as the Historic Seaport boardwalk. The island-style setting includes lush tropical gardens and expansive covered porches.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Heron House Court Bed & Breakfast

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Food Market Clothing Store Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Key West
    County
    Monroe
    State
    Florida
    Longitude
    -81.796512
    Latitude
    24.560792

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    FAQs

    What type of property is this?
    Hotel - Historic Key West guesthouse with 15 deluxe rooms.
    Where is this hotel located?
    The property is located at 412 Frances St Key West, FL.
    What is the asking price?
    The asking price for this property is $11,500,000.
    What are key features of this property?
    This property features: - Turnkey, fully furnished guesthouse with proven rental history, ensuring immediate income.; - Prime location in the heart of Old Town Key West, walking distance to Duval Street and the Historic Seaport.; - Licensed for 14 transient rentals, offering a steady stream of visitors.
    (305) 292-2244
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    412 Frances St Key West, FL 33040
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

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    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    412 Frances St Key West, FL 33040
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