Little Conch Key (AKA Walkers Island) - Offered by: LoopNet

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Little Conch Key (AKA Walkers Island) - Offered by: LoopNet
Little Conch Key (AKA Walkers Island)
Offered by:

Price: $13,000,000

Often referred to as Walker’s Island, this once-in-a-lifetime private
island is located at mile marker 62 in the heart of the Florida Keys
and is accessible via two separate causeway drives from the east
and west of the island. The island is neighbored on the east by
Conch Key., a small, old-world fishing village and to the east is Duck
Key, a high-end residential island that is also home to world-class
Hawk’s Cay Resort.

The Island is divided into two sections
West Side of the Island (Conch Key Cottages):
    2.26 acres of upland
    16 Transient rights
    Small Dock and Boat Basin
    Most of the older ‘50s cottages were destroyed in the storm
East half of the island:
    1.77 acres of upland
    8 Market Rate Development Rights (2 Developed)
    2 existing luxury homes each featuring:
    - 4152 sq. ft. of air conditioned living space
    - 5 bedrooms/5.1 baths
    - Elevator
    - Pool & spa
    - Two car carport
    - Custom finishes
    - Marble and granite and Stainless appointments
    - Built in 2010- 2011
These homes are Licensed Vacation Rentals in Monroe County allowing for weekly bookings. Gross receipts for 2016 were approx.
$225,000 for each house.

Taxes for 2017: Conch Key Holdings, Inc. $56,157.88 (North half of Island)
                Conch Key Watersports, Inc. $39,071.94 (Conch Key Cottages)

Zoning:            MU

Land Area:        Upland 4.03 +/- Acres Total
Little Conch Key (AKA Walkers Island) - Offered by: LoopNet
AERIAL PLAT VIEW & ISLAND LAYOUT
Little Conch Key (AKA Walkers Island) - Offered by: LoopNet
62250 Overseas Hwy 11, Conch Key, FL 33050                                                                                       578641 Residential Active $13,000,000

                                                    Provided as a courtesy of
                                                    American Caribbean Real Estate - Middle Keys
                                                    9141 Overseas Hwy
                                                    Marathon, FL 33050
                                                    Office - (305) 743-7636 ext. 211
                                                    Mobile - (305) 923-1902
                                                    Toll Free - (800) 940-7636
                                                    info@ACREsales.com
                                                    http://www.ACREsales.com

Listing Board:             Marathon/Lower Keys           As is Rght to Inspct:        Yes                           Potential Short Sale:       No
Bank Owned:                No                            Species List:                Yes

Off Shore Island:          Yes                           County:                      Monroe                        Subdivision:                Conch Key (62.5)
                                                                                      20 - Duck Key, Coral Key,
Mile Marker:               62.50                         Area:                                                      KW Neighborhood:
                                                                                      Conch Key
Side:                      Ocean                         Flood Zone:                  VE,VE                         Handicap Access:
Alternate Key #:           1115797                       Add'l Parcel #1:             00099090-000000               Add'l Parcel #2:            00099090-000100
Parcel #:                  00099060-000000               Bldg Nbr:                                                  Zoning:                     MU - Mixed Use District
Deed Restrictions:         Unknown                       Taxes:                       95,229.82                     Tax Year:                   2017
Pub Sewer HkUp:            Yes                           Dcmntd Septic Tnk:

Style:                     Multi-Units                   Waterfront:                  Yes                           Control Depth:              4
Unit/Complex:                                            Pool:                        Yes                           Year Built:                 1943
Total Units:               0                             Lot Size:                                                  Lot SqFt:
Acres:                     4.03                          Living Apx SqFt:             416                           SqFt Source:                Seller
Total Bedrooms:            10                            Full Baths:                  10                            Half Baths:                 2
Total Baths:               10.20                         Floor Number:                                              Rentals Allowed:            Yes
Min Rental Days:           7                             Max Rental Days:

Limitd Reprsntation:       No

Sold Comments:
Remarks - Consumer: Rare opportunity to own an entire Florida Key!2 luxury Balinese inspired homes, 4152 sq. ft. each w/marble, granite and tropical hardwood
finishing materials. 2 pools Top Line stainless appliances. 16 Transient rights, 6 Market Rate Rights 6 vacant lots for future development. Ready for upscale mini
resort development (think Little Palm) or retain as private estate. 15 min to Airport, shopping, dining, Hospital. There are three stilt cottages, previously part of Conch
Key Cottages which was destroyed by the hurricane of 2017. Houses are licensed vacation rentals and grossed over 400,000 last year. Aerial photo pre-hurricane.
Directions: Located ocean side at mile marker 62 between Conch Key and Duck Key
Legal: 15 65 34 LITTLE CONCH KEY NW1/2 OR501-201/203 OR571-718D/C OR825-1455 OR864-1884/1885 OR936-693/95 OR1165-2192/93 1165-2
                                                         Porch/Balcony: Deck; Patio
                                                         Utilities: Cable Available; Elect Separate Meter;
Association Info: Mandatory Home Owners Asc:             FKAA; Municipal Sewer
Yes; 1st Right of Refusal: No                            Interior Features: Bar; Built-in Cabinets; Cathedral       Shutters: Bahama
Fee Includes: None; Other                                Ceilings; Drapes/Blinds Incl; Elevator; Fireplace(s);      Floor: Marble; Tile Floor; Vinyl Floor; Wood Floor
Tax Exemptions: None                                     Granite Counter Top; Pantry; Security System; Smoke        Roof: Metal Roof; Shingle Roof
License Info: # of Transient Licns: 16; Transient        Alarms; Split Bedroom; Storage; Tray Ceilings; Walk-in     Pets: Pets Not Applicable
Rntl Licns                                               Closet; Window Treatments                                  Neighborhood Feature: Beach; Manager on
Waterfront: Oceanfront; Open Water                       Pre-Wired: Cable; Surround Sound                           Premises
Waterview: Ocean View; Open Water View                   Specialty Rooms: Laundry Room; Utility Room                Security: Electric Gate
Dockage: Dock Length: 300; Dock: Composite;              Appliances: Dishwasher; Disposal; Dryer; Gas               Land Size: 2 Less Than 5 Acres
Basin; Boat Ramp; Boat Slip; Seawall: Concrete           Appliances; Ice Machine; Microwave; Oven; Range;           Terms: Seller Finance Psble
Building Style: Above Flood: Yes; Stories: 2 Stories     Refrigerator; Stainless Steel Appl; Washer                 Title: Negotiable
Vehicle Storage: Carport; Covered Parking; Guest         Exterior Features: Detached Guest Qtrs; Fencing;           Property Rights: Multi-Use/Commercial; Transient
Parking; Off Street Parking; Open Parking                Hot Tub; Sandy Beach; Storage                              License
Furnished: Furnished                                     Accessibility Feat: Elevator                               Financial Status: Bank Owned: No; Potential Short
Cooling/Heating: Attic Fan; Central A/C;                 Pool Info: In Ground; Heated: Yes; Concrete                Sale: No
Combination A/C; Heat; Window/Wall Unit                  Construction: CBS; Frame
                                                         Windows/Doors: Aluminum Windows; French Doors;
                                                         Impact Rstnce Doors; Impact Rstnce Window
Little Conch Key (AKA Walkers Island) - Offered by: LoopNet
Transaction Guidelines

Property:    62250 & 62400 Overseas Hwy
             Marathon, FL 33050

Property Tours: American Caribbean Real Estate will facilitate the requests for additional
      information, schedule property showings and present all purchase offers to the property
      owners. It is respectfully requested that you do not contact the owner or management at the
      property. For all requests and viewing scheduling, please direct your real estate
      representative to: Ginger Henderson 305-731-5751 or Jody Owen 305-923-1902

Terms:       The property is offered “As Is” in Fee Simple Title. No going concern is included.

Offering Procedure:
      Offers should specify the following:
      A) Price;
      B) Financing Terms;
      C) Length of Inspection Period
      D) Length of Closing Period:
      E) Financial Strength and Experience of Prospective Buyer.

Address offers to:
      Little Conch Key Development Corp.
      c/o American Caribbean Real Estate Middle Keys
      9141 Overseas Hwy
      Marathon, FL 33050
      Phone: 305-743-7636
      Fax: 1-800-768-3849
      E-mail: info@acresales.com
Little Conch Key (AKA Walkers Island) - Offered by: LoopNet
SURVEYS
Little Conch Key (AKA Walkers Island) - Offered by: LoopNet
Little Conch Key (AKA Walkers Island) - Offered by: LoopNet
Little Conch Key (AKA Walkers Island) - Offered by: LoopNet
Little Conch Key (AKA Walkers Island) - Offered by: LoopNet
FEASABILITY STUDY
Little Conch Key (AKA Walkers Island) - Offered by: LoopNet
January 26, 2017

Mr. Tom Cirrito
619 Sombrero Beach Road
Marathon Florida 33050

        Re: Walkers Island and Little Conch Key - Specific Purpose Feasibility Study

Dear Mr. Cirrito:

You have asked us to conduct a specific purpose feasibility study for the existing and potential
development options for Walker’s Island and Little Conch Key located in unincorporated Monroe
County. Since Walker’s Island and Little Conch Key are two parts of one island, the review shall look at
the two parcels independently and as a combined single parcel. Furthermore, specific scenarios for
hotel/ motel development, residential development, commercial development or a hybrid development
shall be discussed. The Monroe County Land Development Code and Comprehensive Plan have been
reviewed pursuant to the existing development and the potential to add new development to the
island.

                                                  INTRODUCTION

                                                                              The Island is located in
                                                                              unincorporated Monroe County, Fl
                                                                              on the southern side of US
                                                                              Highway #1 at approximately Mile
                                                                              Marker 62. The upland area of the
                                                                              island is 4.03 acres1 - of which
                                                  Walker’ s                   Walker’s Island is 1.77 areas and
                                                  Island                      Conch Key 2.26 acres. According
                                                                              to the Flood Insurance Rate Maps
                                                                              (FIRM), the island is located in the
                                                                              velocity (V) zone.
                       Conch
                                                                              As shown in the adjacent aerial,
                       Key
                                                                              Walker’s Island refers to parcels on
                                            Walker’s                          the southeast side of the island
                                            Island                            and Little Conch Key is on the
                                                                              northwest parcels. Both entities
                                                                              include uplands and submerged
                                                                              lands.

                                                                              Monroe County zoning designation
                                                                              is Mixed Use (MU), the
                                                                              Comprehensive Plan designation is
                                                                              Mixed Use       Commercial (MC).
                                                                              These designations allow for many
                                                                              uses including residential (market,
                                                                              affordable and transient housing) in
                                                                              addition to various commercial,
institutional, maritime, light industrial and public uses.

1Upland area are according Monroe County Property Appraiser’s data as well as other County information. A comprehensive
survey was not provided for review.
Development on this island is subject to the Monroe County Comprehensive Plan and Land
Development Code (LDC). In addition, this island is located within the Florida Keys Area of Critical
State Concern (ACSC) which gives the State of Florida’s Department of Economic Opportunity (DEO)
an active supervisory role with regard to the use of the land and water in the County, including review
and approval of any change to the County’s Comprehensive Pan and LDC. In accordance with State
regulations, the updated County Comprehensive Plan and LDC were adopted in February 2016.
Specific regulations concerning density, setbacks, height, and open space remained unchanged;
however, the ability to transfer entitlements from one site to another became more restrictive.

The County Code distinguishes residential uses into three categories: market rate residential,
affordable/workforce residential and transient residential. Specific parcels for these various types of
development are contingent upon the uses permitted per zoning district. Market rate and affordable/
employee housing uses include single-family, duplex and multi-family development. Affordable
housing regulations include density bonuses as an incentive to develop deed restricted housing for the
County’s workforce.

Since 1992, any new development in Monroe County, whether residential, transient or non-residential
(ie commercial, industrial, commercial fishing, etc) is governed by the Rate of Growth Ordinance
(ROGO). A landowner who desires to construct a new home, new business or new motel room, must
obtain for an allocation pursuant to the ROGO ordinance. Each year the County issues a limited
number of allocations - quarterly for residential development and bi-annually for commercial
development. Although limited, there are allocations available for market rate and affordable residential
uses as well as commercial floor area There is a moratorium 2 on new transient residential units (hotel
rooms or recreational vehicle spaces) allocations until May 1, 2022. As a result, transient entitlements
are limited to those currently associated with the island.

The Code provides the ability to transfer entitlements (market rate, transient or affordable) from one
parcel to another provided certain criteria are met. This island does not fulfill the criteria for a receiver
site of a transferred entitlement. Specifically, a receiver site may not be located in a Velocity Flood
Zone (MCC Section 138-22(b)(e). The island is eligible as a sender site for the existing residential and
transient entitlements.

                                             EXISTING ENTITLEMENTS

Both Walker’s Island and Conch Key have well documented evidence of existing entitlements on file
with Monroe County. As a result of the recent storm events, several structures on the Conch Key
portion of the island were destroyed. The entitlements pursuant to density are grandfathered. Please
see the following table:

Table 1: Existing Development

                            Walkers Island       Little Conch Key       Notes

    Residential             8 market rate ROGO                          2 are constructed, 6 are
    Development             exempt                                      grandfathered

    Transient Residential   None                 16 transient ROGO      2 suites exitting (2 bed/
    Development                                  exempt                 2bath), 12 transient units
                                                                        grandfathered

    Commercial              None                 144 s.f. (destroyed)   144 sf. grandfathered (office )

    Accessory Uses          Small dock           Boat Basin, Boat     Sheds contain misc storage.
                                                 Ramp, Swimming pool, Tiki’s were destroyed via
                                                 2 misc sheds         Irma.

2   Monroe County Code Section 138-23.
Table 2: Density Compliance with County Code

    Mixed Use Zoning

                                                      Walkers Island           Little Conch Key             Combined

    Site Area (Upland)                                1.77 Acres               2.26 Acres                   4.03 Acres

    Residential Density:        MCC Standard

    Allocated Density/          1 per Gross Acre      1 x 1.77 = 2 DU          1 x 2.26 = 2 DU              1 x 4.03 = 4 DU
    Dwelling Unit (DU)          of Upland
                    Existing:                         8 DU                     0 DU                         8 DU

    Maximum Net Density/        12 per Buildable      N/A: Flood/ROGO          N/A: Flood/ROGO              N/A: Flood/ROGO
    DU or Affordable,            Acre
    Workforce Unit

    Transient Density:

    Hotel Room - Allocated 10 per Gross               10 x 17.7 = 18           10 x 2.26 = 23               10 x 4.03 = 40
    Density                Acre of Upland             rooms                    rooms                        rooms
                    Existing:                         0                        16                           16

    Hotel Room -                15 per Buildable      N/A: Flood/ROGO          N/A: Flood/ROGO              N/A: Flood/ROGO
    Maximum Net Density         Acre

    Institutional Residential   5 per Gross Acre      5 x 1.77 = 9             5 x 2.26 = 11                5 x 4.03 = 20
                                of Upland
                    Existing: 0                       0                        0                            0

    Institutional -             20 per Buildable      N/A: Flood/ROGO          N/A: Flood/ROGO              N/A: Flood/ROGO
    Maximum Net Density         Acre

    Campground                  10 per Gross          N/A Requires 5 acre      N/A Requires 5 acre          N/A Requires 5 acre
    (Allocated Only)            Acre of Upland        minimum                  minimum                      minimum

    Commercial: Floor           15% to 40%            Upto 10,000 s.f.         Upto 10,000 s.f.             Upto 10,000 s.f.
    Area Ratio                  dependent upon        ROGO limit               ROGO limit                   ROGO limit
                                use

                    Existing:                         0                        144 s.f.                     144 s.f.

                                               DEVELOPMENT SCENARIOS

The following section discusses concepts, based upon Monroe LDC, for transient or residential
development on the island. The island can be developed as two independent or one unified parcel.
The analysis will review both options and are limited to a discussion of site density and entitlements.
Development of conceptual site plans were not included in this scope.

The transient entitlements available for use or redevelopment on this island are the16 associated with
Little Conch Key. These units can be located on either the current parcel or throughout the island if the
properties are joined. Although the LDC allows up to 40 units on the entire island (See Table 2) at this
time, there is no process to transfer or obtain new transient units for the island.3

3   The moratorium is currently set to expire in 2023. It may be allowed to expire or it may be extended.
There are several types of transient units: “hotel or motel room, a seasonal residential unit, a
campground space, an institutional residential use, or a recreational vehicle space.” The transient
uses that may be developed on these parcels are defined in the Monroe County Code as follows:

         Hotel/Motel - (1) may be a single bedroom and 1 1/2 bathrooms or a hotel/motel unit may be a
         suite and may include a kitchenette but no more than 1 1/2 bathrooms, one bedroom and one
         other living area. (2) all entrances to the hotel motel unit shall have the same key, and (3) suites
         may include more than one bedroom and 1 1/2 baths but each bedroom full bath combination
         shall consist of a hotel/motel unit.
         Institutional residential - means temporary or permanent housing associated with an
         institutional organization, such as a group home, foster care facility, convent, nursing facility,
         student housing, life/elderly housing, or educational and/or scientific research facility.

Although the following transient uses are permitted in the Mixed Use district these are not existing
uses and a minimum of five acres is required for establishment of these uses.

         Seasonal Residential Unit - is a type of transient residential unit with one or more rooms, toilet
         facilities, and a kitchen physically arranged to create a housekeeping establishment for
         occupancy by one family, with tenancies not to exceed 180 consecutive days.
         Campground Space - means a space whether improved or unimproved, used for tenting
         camping, including pop-ups, for tenancies of less than six months.
         Recreational Vehicle Space - as defined by Section 320.01 F.S. and (1) tenancy less than six
         months, (2) placed on a lawful recreational vehicle space within a recreational vehicle park,
         campground or otherwise approved area or within a storage area, (3) currently licensed for
         highway travel, and (4) is road ready - as defined.
         Transitional Recreational Vehicle Unit is a recreational vehicle unit identified for conversion from
         a recreational vehicle to a seasonal residential unit within an approved development agreement
         with Monroe County establishing a phased transition from a traditional recreational vehicle park
         to a seasonal residential use.

There are eight market rate residential entitlements associated with the Walker’s Island parcel. A
maximum of two market rate residential units could be built on the Little Conch Key parcel if the
transient units were removed. The two units would require County issued ROGO. Permanent market
rate residential units can be used as a Vacation Rental if an Vacation Rental permit is obtained.4

      Dwelling Unit: means one or more rooms physically arranged for occupancy by one residential
      household sharing common living, cooking and toilet facilities,
      Vacation Rental Use - means an attached or detached dwelling unit that is rented or assigned for
      tenancies of less than 28 days duration. Vacation rental use does not include hotels, motels, and
      RV spaces, which are specifically addressed in each district.

Hotel/Motel Development:

Independent Parcels: If the two parcels remain independent, up to 16 transient units could be
redeveloped on the Little Conch Key site. These units could be configured as: single motel rooms,
suites with one or more bedroom/bathroom combinations, or a combination of singles and suites.
Transient units cannot be constructed on the Walker’s Island site although the Walker’s Island units
could be used as Vacation Rentals.

The current 16 entitlements, represent 70% of the total intensity of the site. As a result, a commercial
use could be established and non-residential floor area built. Other requirements such as parking and
setbacks would limit the maximum amount of floor area allowed - however, an office, boutique retail or
a small cafe could be considered for approval.

4There is current legislation pending in the Florida Senate that would modify the Vacation Rental law. The bill may include
grandfathering of existing ordinances. Until the bill in approved, the specific applicability for Monroe County is unknown.
Unified Parcels: If the two parcels were joined, the tourist residential market use could be expanded.
The 8 single-family homes would require vacation rental permits and the 16 hotel rooms would be
combined under one marketing/management umbrella. Or seven units could be placed in the vacation
rental system and one unit retained as an Owners/Manager’s. If the parcels were combined, the
density would exceed 100% and therefore prevent the addition of any commercial floor area. The
combined parcels would provide more flexibility during the site design process by eliminating the
internal property line setbacks.

Institutional Residential Development:

Independent Parcels: Institutional uses could be marketed on the individual parcels; however, the sale
of a unified parcel would be more consistent for this type of use.

Unified Parcels: Although the property is too valuable for many of the listed institutional residential
uses, there are additional options. For instance, a treatment facility is allowed in the Mixed Use district
- such as a rehabilitation/therapy clinic with a residential component. Since the privacy afforded by a
private island would be a significant benefit for this type of use; the two parcels would need to be
combined and the existing entitlements co-mingled. Pending development approval, the sixteen
transient entitlements would be used for the clients institutional rooms and up to the eight single
family dwelling units used for permanent or visiting staff (ie. residences and/or apartments). Unused
entitlements, either transient or permanent, can be sold and transferred offsite pursuant to County
process.

Institutional uses could also include academic and/or scientific research/development facilities. The
ability for visiting scientists or scholars to have onsite accommodations is an important benefit in a
County with such limited growth options.

The LDC lists Institutional Residential uses as transient. Clarification from the County is required to
confirm the hotel/motel transient allocation could be changed (on a one for one basis) for an
institutional residential use. The ROGO ordinance is silent on this conversion process.

Residential Uses:

Independent Parcels: If the island were to be dedicated to residential development and remain two
independent parcels, the sixteen transient entitlements on Little Conch Key could be sold and
transferred to another site.5 The Little Conch Key parcel could then apply for two market rate ROGO
allocations pursuant to the ROGO ordinance. Up to 8 single family homes could be constructed on
the the Walker island parcel.

Unified Parcels: Up to eight single family homes could be built on the island. Any unused entitlements
could be transferred as discussed above. A plat of subdivision could be designed for fee simple sale
of lots with entitlements. However, given the specific configuration of the island, initial review indicates
too much land would be used for compliance with County subdivision requirements; thereby reducing
the number of available lots.

Commercial Uses:

As noted in Table 2, commercial uses are eligible for development on the island. Restaurant, retail
shops, offices are all permitting uses. In order to maximize the square footage, all residential and
transient entitlements would be transferred offsite. Challenges to these type of uses include access
from US 1 to the site as improvements would be required to the accommodate increased traffic.
Compliance with the parking requirements may be a limiting factor as well. Given the location, a “
“inclusive destination” type commercial use, such as a museum, marine or tourist amusement with
boat rides and dining options may merit investigation.

5 The County requires a conditional use approval for this action. The transient entitlements can be transferred to properties in
the Lower Keys within unincorporated Monroe County. Transfer of these entitlements to the either Key West or Marathon
would require a Inter-local Agreement with these municipalities.
DEVELOPMENT APPROVAL PROCESS

In Monroe County development review process includes either as-of-right permits or conditional use
approvals. A Building Permit is required for most construction projects. There are some exemptions
but these are limited. As-of-right permits are those uses, identified in each zoning district, that require
only a building permit application for construction. Conditional Use approvals are those uses
identified per zoning district that are deemed to have a more significant impact for the surrounding
community. Conditional Use applications require conceptual site, floor, elevation, landscape and
stormwater plans. Traffic Impact reports, coordination with utilities providers, fire marshal, etc are
required. Furthermore, the project must demonstrate compliance with applicable Land Use Codes.

There are two levels of Conditional Use review - Minor and Major. A Minor Conditional Use review is a
staff level review by the Development Review Committee (DRC). This meeting is advertised in the local
newspapers and the public is welcome to attend. Upon the favorable completion of the review, the
Planning Director issues a letter to the surrounding property owners within a 600 foot radius of the
property. Assuming there is no appeal, the Development Order is then issued and the development of
construction plans can commence for permitting. Given the existing entitlements, Minor Conditional
Use review for redevelopment on the island’s entitlements would more than likely be required.

A Major Conditional Use review includes review by the DRC and final approval by the Planning
Commission in a public hearing. These meeting are noticed in the local papers, a sign is posted on the
property and the adjacent property owners are notified prior to the hearing. The Planning Director
has, at their discretion, the ability to move a Minor Conditional Use approval project to the Planning
Commission for a hearing and approval.

After each hearing and decision by the County, there is a local 30 day appeal period for concerned
citizens, should they not agree with the County decisions.

Once the projects receive development approval and after the local appeal has expired, the
Development Orders or Planning Commission Resolutions are forward to the DEO for review for
compliance with the County Code. The State can choose to appeal the County’s decision if they
believe the project is not consistent with the County Comprehensive Plan or LDC. Assuming the
projects are not appealed the orders are issued and the development may proceed to construction
permitting.

There is a pre-application process available to applicants. A meeting is arranged with the County
Planners to discuss conceptual site plans or development ideas. During this meeting the applicable
land use codes and processes are discussed and agreed upon. The meeting can be informal (with no
letter issued) or can be memorialized in a Letter of Understanding signed by the Planning Director.
There are different fee schedules for either choice.

                                               SUMMARY

The findings of this report suggest redevelopment as a residential community or a transient
community. It appears to this author that less may be more in this case. Redevelopment of the island
as a tourist destination or as an permanent residential community would provide the most flexibility.
As discussed, the options for Increasing the existing entitlements are very limited. However, the ability
to provide suites for each transient entitlement increases the number of guests the island could
accommodate, although not room “keys”.

This report does not discuss the entire permitting process that may be required for redevelopment
actions. For Instance, improvements for the shoreline or dockage required State and Army Corp
approvals. Increase in vehicles trips to the island will require Florida Department of Transportation
review, etc.
MONROE COUNTY PROPERTY APPRAISER RECORDS
Monroe County, FL

Disclaimer
  The Monroe County Property Appraiser's of ce maintains data on property within the County solely for the purpose of ful lling its
  responsibility to secure a just valuation for ad valorem tax purposes of all property within the County. The Monroe County Property
  Appraiser's of ce cannot guarantee its accuracy for any other purpose. Likewise, data provided regarding one tax year may not be applicable
  in prior or subsequent years. By requesting such data, you hereby understand and agree that the data is intended for ad valorem tax purposes
  only and should not be relied on for any other purpose.
  By continuing into this site you assert that you have read and agree to the above statement.
Summary
  Parcel ID        00099060-000000
  Account #        1115797
  Property ID      1115797
  Millage Group    510D
  Location         62250 OVERSEAS HWY 11, CONCH KEY
  Address
  Legal            15 65 34 LITTLE CONCH KEY NW1/2 G59-324(II DEED 19113) OR501-201/203 OR571-718D/C
  Description      OR825-1455 OR864-1884/1885 OR936-693/95 OR1165-2192/93 1165-2199/2200 OR1434-
                   145/46 OR2015-996/97 OR2015-998/99 OR2650-1249/51C/T OR2651-754/57
                   (Note: Not to be used on legal documents)
  Neighborhood     10030
  Property         HOTEL/MOTEL (3900)
  Class
  Subdivision
  Sec/Twp/Rng      15/65/34
  Affordable       No
  Housing

Owner
  CONCH KEY WATERSPORTS INC
  62250 OVERSEAS HWY
  MARATHON FL 33050

Valuation
                                                                                                 2017              2016            2015             2014
   +   Market Improvement Value                                                          $2,334,208                  $0              $0               $0
   +   Market Misc Value                                                                      $259,356               $0              $0               $0
   +   Market Land Value                                                                 $2,593,564        $4,048,637         $3,122,635       $2,493,161
   =   Just Market Value                                                                 $5,187,128        $4,048,637         $3,122,635       $2,493,161
   =   Total Assessed Value                                                              $3,318,396        $3,016,724         $2,742,477       $2,493,161
   -   School Exempt Value                                                                         $0                $0              $0               $0
   =   School Taxable Value                                                              $5,187,128        $4,048,637         $3,122,635       $2,493,161

Land
   Land Use                                                                 Number of Units              Unit Type        Frontage         Depth
   (3900)                                                                   57,935.00                    Square Foot      0                0
   ENVIRONMENTALLY SENS (000X)                                              1.07                         Acreage          0                0

Commercial Buildings
  Style                  HOTEL/MOTEL C / 39C
  Gross Sq Ft            648
  Finished Sq Ft         416
  Perimiter              188
  Stories                1
  Interior Walls
  Exterior Walls         CUSTOM
  Quality                250 ()
  Roof Type
  Roof Material
  Exterior Wall1         CUSTOM
  Exterior Wall2

                                  REMOVED
  Foundation
  Interior Finish
  Ground Floor Area
  Floor Cover
  Full Bathrooms         0
  Half Bathrooms         0
  Heating Type
  Year Built             1953
  Year Remodeled         0
  Effective Year Built   1985
  Condition              AVERAGE

  Style                  HOTEL/MOTEL C / 39C
  Gross Sq Ft            1,044
  Finished Sq Ft         1,020
  Perimiter              152
  Stories                1
  Interior Walls
  Exterior Walls         CUSTOM
  Quality                250 ()
  Roof Type
  Roof Material
  Exterior Wall1         CUSTOM
Exterior Wall2
Foundation
Interior Finish
Ground Floor Area

                              REMOVED
Floor Cover
Full Bathrooms         0
Half Bathrooms         0
Heating Type
Year Built             1948
Year Remodeled         0
Effective Year Built   1985
Condition              AVERAGE

Style                  HOTEL/MOTEL C / 39C
Gross Sq Ft            648
Finished Sq Ft         416
Perimiter              188
Stories                1
Interior Walls
Exterior Walls         CUSTOM
Quality                250 ()
Roof Type
Roof Material
Exterior Wall1         CUSTOM
Exterior Wall2
Foundation
Interior Finish
Ground Floor Area
                              REMOVED
Floor Cover
Full Bathrooms         0
Half Bathrooms         0
Heating Type
Year Built             1958
Year Remodeled         0
Effective Year Built   1985
Condition              AVERAGE

Style                  HOTEL/MOTEL C / 39C
Gross Sq Ft            644
Finished Sq Ft         416
Perimiter              186
Stories                1
Interior Walls
Exterior Walls         CUSTOM

                              REMOVED
Quality                250 ()
Roof Type
Roof Material
Exterior Wall1         CUSTOM
Exterior Wall2
Foundation
Interior Finish
Ground Floor Area
Floor Cover
Full Bathrooms         0
Half Bathrooms         0
Heating Type
Year Built             1958
Year Remodeled         0
Effective Year Built   1985
Condition              AVERAGE

Style                  HOTEL/MOTEL C / 39C
Gross Sq Ft            1,147
Finished Sq Ft         972
Perimiter              236
Stories                1
Interior Walls
Exterior Walls         CUSTOM
Quality                250 ()
Roof Type
Roof Material

                              REMOVED
Exterior Wall1         CUSTOM
Exterior Wall2
Foundation
Interior Finish
Ground Floor Area
Floor Cover
Full Bathrooms         0
Half Bathrooms         0
Heating Type
Year Built             1943
Year Remodeled         0
Effective Year Built   1985
Condition              AVERAGE

Style                  HOTEL/MOTEL C / 39C
Gross Sq Ft            436
Finished Sq Ft         328
Perimiter              160
Stories                1
Interior Walls
Exterior Walls         AB AVE WOOD SIDING
Quality                250 ()
Roof Type
Roof Material
Exterior Wall1         AB AVE WOOD SIDING
Exterior Wall2
Foundation
Interior Finish

                              REMOVED
Ground Floor Area
Floor Cover
Full Bathrooms         0
Half Bathrooms         0
Heating Type
Year Built             1953
Year Remodeled         0
Effective Year Built   1985
Condition              AVERAGE

Style                  OFFICE BLD-1 STORY / 17C
Gross Sq Ft            316
Finished Sq Ft         199
Perimiter              127
Stories                1
Interior Walls
Exterior Walls         AB AVE WOOD SIDING
Quality                250 ()
Roof Type
Roof Material
Exterior Wall1         AB AVE WOOD SIDING
Exterior Wall2
Foundation
Interior Finish
Ground Floor Area

                              REMOVED
Floor Cover
Full Bathrooms         0
Half Bathrooms         0
Heating Type
Year Built             1948
Year Remodeled         0
Effective Year Built   1985
Condition              AVERAGE

Style                  HOTEL/MOTEL C / 39C
Gross Sq Ft            1,389
Finished Sq Ft         1,325
Perimiter              222
Stories                1
Interior Walls
Exterior Walls         CUSTOM
Quality                250 ()
Roof Type
Roof Material
Exterior Wall1         CUSTOM
Exterior Wall2
Foundation
Interior Finish
Ground Floor Area
Floor Cover
Full Bathrooms
Half Bathrooms
                       0
                       0
                              REMOVED
Heating Type
Year Built             1948
Year Remodeled         0
Effective Year Built   1985
Condition              AVERAGE

Style                  HOTEL/MOTEL C / 39C
Gross Sq Ft            2,091
Finished Sq Ft         826
Perimiter              428
Stories                1
Interior Walls
Exterior Walls         CUSTOM
Quality                250 ()
Roof Type
Roof Material
Exterior Wall1         CUSTOM
Exterior Wall2
Foundation
Interior Finish
Ground Floor Area
Floor Cover
Full Bathrooms         0
Half Bathrooms         0
Heating Type
Year Built             1997
Year Remodeled         0
Effective Year Built   2001
Condition              AVERAGE

Style                  HOTEL/MOTEL C / 39C
Gross Sq Ft            2,091
Finished Sq Ft         826
Perimiter              428
Stories                1
Interior Walls
Exterior Walls         CUSTOM
Quality                250 ()
Roof Type
Roof Material
  Exterior Wall1          CUSTOM
  Exterior Wall2
  Foundation
  Interior Finish
  Ground Floor Area
  Floor Cover
  Full Bathrooms          0
  Half Bathrooms          0
  Heating Type
  Year Built              1997
  Year Remodeled          0
  Effective Year Built    2001
  Condition               AVERAGE

  Style                   HOTEL/MOTEL C / 39C
  Gross Sq Ft             2,091
  Finished Sq Ft          826
  Perimiter               428
  Stories                 1
  Interior Walls
  Exterior Walls          CUSTOM
  Quality                 250 ()
  Roof Type
  Roof Material
  Exterior Wall1          CUSTOM
  Exterior Wall2
  Foundation
  Interior Finish
  Ground Floor Area
  Floor Cover
  Full Bathrooms          0
  Half Bathrooms          0
  Heating Type
  Year Built              1997
  Year Remodeled          0
  Effective Year Built    2001
  Condition               AVERAGE

Yard Items
   Description                                                    Year Built                       Roll Year               Quantity               Units                Grade
   CONCRETE DOCK                                                  1984                             1985                    1                      1236 SF              4
   SEAWALL                                                        1984                             1985                    1                      1236 SF              4
   BOAT RAMP                                                      1984                             1985                    1                      325 SF               2
   BOAT RAMP                                                      1984                             1985                    1                      70 SF                2
   WALL AIR COND                                                  1989                             1990                    1                      3 UT                 2
   WALL AIR COND                                                  1989                             1990                    1                      5 UT                 3
   WALL AIR COND                                                  1994                             1995                    1                      3 UT                 3
   FENCES                                                         2001                             2002                    1                      144 SF               2
   HOT TUB                                                        1991                             1992                    1                      2 UT                 2
   TIKI                                                           2001                             2002                    1                      450 SF               2
   COMM POOL                                                      1994                             1995                    1                      685 SF               3
   UTILITY BLDG                                                   1991                             1992                    1                      80 SF                1
   UTILITY BLDG                                                   1992                             1993                    1                      100 SF               1
   UTILITY BLDG                                                   1993                             1994                    1                      100 SF               2
   WOOD DOCKS                                                     1986                             1987                    1                      186 SF               3
   PATIO                                                          1994                             1995                    1                      408 SF               2
   FENCES                                                         1994                             1995                    1                      600 SF               5
   CONC DAVITS                                                    1984                             1985                    1                      1 UT                 1
   FENCES                                                         1991                             1992                    1                      282 SF               2
   WOOD DECK                                                      1998                             1999                    1                      400 SF               1
   FENCES                                                         2009                             2010                    1                      1200 SF              2
   PATIO                                                          1994                             1995                    1                      1285 SF              2
   FENCES                                                         1998                             1999                    1                      600 SF               2
   FENCES                                                         2001                             2002                    1                      525 SF               1
   FENCES                                                         2001                             2002                    1                      600 SF               2
   PATIO                                                          2007                             2008                    1                      120 SF               1
   WOOD DECK                                                      1984                             1985                    1                      164 SF               3
   WOOD DECK                                                      1989                             1990                    1                      610 SF               2
   WOOD DOCKS                                                     2014                             2015                    0                      750 SF               2
   UTILITY BLDG                                                   2014                             2015                    0                      93 SF                2
   WOOD DECK                                                      2017                             Roll Year               0                      120 SF               2

Sales
   Sale Date             Sale Price         Instrument                         Instrument Number               Deed Book   Deed Page   Sale Quali cation    Vacant or Improved
   9/24/2013             $3,323,500         Warranty Deed                                                      2651        754         12 - Unquali ed      Improved
   9/18/2013             $3,350,000         Certi cate of Title                                                2650        1249        12 - Unquali ed      Improved
   6/9/2004              $3,850,000         Warranty Deed                                                      2015        0996        M - Unquali ed       Improved
   11/1/1996             $850,000           Warranty Deed                                                      1434        0145        M - Unquali ed       Improved
   3/1/1991              $605,000           Warranty Deed                                                      1165        2192        M - Unquali ed       Vacant
   3/1/1991              $1,218,600         Warranty Deed                                                      1165        2199        M - Unquali ed       Improved
   3/1/1985              $205,000           Warranty Deed                                                      936         693         U - Unquali ed       Vacant

Permits
   Number        Date Issued    Date           Amount      Permit
                              Completed                Type                                                                                                                 Notes   
Number    Date Issued   Date          Amount     Permit
                         Completed              Type                                                                                                             Notes   
   17204191 10/13/2017                   $750       Commercial                                                                  INSTALL TEMPORARY POLE - EMERGENCY ELECTRIC
   17203927 6/28/2017      7/5/2017      $3,400     Commercial                                                                                                    REPLACE A/C
   14204200 9/29/2014      10/22/2014    $8,000     Commercial                                                           REPLACE (3) - 2.5 TON CONDENSING UNIT AND AIR HANDLER
   14204200 9/29/2014      10/22/2014    $8,000     Commercial                                                                                                    REPLACE A/C
   12202263 5/15/2012      5/17/2013     $1,800     Commercial   ELECTRIC EMERGENCY (BURNET OUT METER) - REMOVE THE ELECTRIC SERVICE & INSTALL A NEW ENTIRE METER CAN & PANEL
                                                                                                                                       & RECONNECT TO THE EXISTING SUB-PANEL
   12202263 5/15/2012      5/17/2013     $1,800     Commercial   REMOVE THE ELECTRIC SERVICE AND INSTALL A NEW METER CAN AND PANEL AND RECONNECT TO THE EXISTING SUB-PANEL
   10200401 2/12/2010      5/17/2013     $47,650    Commercial                                                                    SEWER CONNECTION - GRINDER PUMP STATIONS
   10200401 2/12/2010      5/17/2013     $47,650    Commercial                                                                                                 SEWER LATERAL
   09205103 1/12/2010      5/17/2013     $2,950                                                                                 WOOD FLOORING, KITCHEN CABINETS, TILE REPAIR
   09205105 1/12/2010      5/17/2013     $1,000     Commercial                                                                    ATF & TO COMPLETE TILE REPAIR AND PLUMBING
   08200019 1/16/2008      12/18/2008    $3,500     Commercial                                                                                                          FENCE
   05201869 4/15/2005      5/17/2013     $30,000    Commercial                                                                   INSTALL HURRICANE SHUTTERS ON ALL COTTAGES
   9621403   1/1/1997      10/1/1997     $6,000     Commercial                                                                                                      BLDG MISC
   9720012   1/1/1997      10/1/1997     $8,000     Commercial                                                                                                      ELEC MISC
   9621105   10/1/1996     10/1/1997     $3,640     Commercial                                                                                                       ROOFING
   9520718   11/1/1995     10/1/1997     $114,000                                                                                                    HOTEL/MOTEL 3 MODULARS
   9324895   2/1/1994      8/1/1995      $30,850                                                                                                                   POOL & SPA
   9020541   6/12/1990     5/17/2013     $1,600                                                                                                            INSTALL SEPTIN TANK

Sketches (click to enlarge)
OUFYr=1997
                                                                                 (81)

                                                                                              27
                                                                             '
          23                                             13
                                                                4                                  23
                                                                         /

(828)
CPU Yr=1997

                                                                    2C

                                                                                         (826)

                                        ,
                                                                                         FLAYr=1997
                        3!       SBU Yr=2014
                                 (30)                                                                    36
                                            ,
                                                        9
                                                /

                                   6

                             I                      •
                                                                    1'

                                                             OUUYr 1997
                                                             (326)

                                                        19

                                                                                                    21

          HORSE CONCH
                                                                                                         a

                                                                                          28
Photos

Map
Monroe County, FL

Disclaimer
   The Monroe County Property Appraiser's of ce maintains data on property within the County solely for the purpose of ful lling its
   responsibility to secure a just valuation for ad valorem tax purposes of all property within the County. The Monroe County Property
   Appraiser's of ce cannot guarantee its accuracy for any other purpose. Likewise, data provided regarding one tax year may not be applicable
   in prior or subsequent years. By requesting such data, you hereby understand and agree that the data is intended for ad valorem tax purposes
   only and should not be relied on for any other purpose.
   By continuing into this site you assert that you have read and agree to the above statement.
Summary
   Parcel ID        00099070-000000
   Account #        1115801
   Property ID      1115801
   Millage Group    510D
   Location         VACANT LAND , CONCH KEY
   Address
   Legal            15 65 34 LITTLE CONCH KEY BAY BOTTOM ADJ TO AND SWLY OF LITTLE CONCH KEY OR266-428(II DEED 21167) OR501-201/03 OR571-718D/C OR825-1455 OR864-1884/1885
   Description      CASE 82-309-CP-12 OR936-693/96 OR1165-2192/93 OR1165-2199/2200 OR1434-145/46 OR2015-996/97 OR2015-998/99 OR2650-1249C/T OR2651-754/57
                    (Note: Not to be used on legal documents)
   Neighborhood     4701
   Property         SUBMERGED (9500)
   Class
   Subdivision
   Sec/Twp/Rng      15/65/34
   Affordable       No
   Housing

Owner
   CONCH KEY WATERSPORTS INC
   62250 OVERSEAS HWY
   MARATHON FL 33050

Valuation
                                                                                                               2017                           2016                           2015                    2014
    +   Market Improvement Value                                                                                   $0                            $0                           $0                      $0
    +   Market Misc Value                                                                                          $0                            $0                           $0                      $0
    +   Market Land Value                                                                                      $278                           $278                           $278                    $278
    =   Just Market Value                                                                                      $278                           $278                           $278                    $278
    =   Total Assessed Value                                                                                   $278                           $278                           $278                    $278
    -   School Exempt Value                                                                                        $0                            $0                           $0                      $0
    =   School Taxable Value                                                                                   $278                           $278                           $278                    $278

Land
    Land Use                              Number of Units                                                Unit Type                               Frontage                           Depth
    (9500)                                2.78                                                           Acreage                                 0                                  0

Sales
    Sale Date           Sale Price          Instrument                     Instrument Number                 Deed Book           Deed Page            Sale Quali cation         Vacant or Improved
    9/24/2013           $3,323,500          Warranty Deed                                                    2651                754                  12 - Unquali ed           Vacant
    9/18/2013           $3,335,000          Certi cate of Title                                              2650                1249                 12 - Unquali ed           Vacant
    6/9/2004            $1                  Warranty Deed                                                    2015                0996                 M - Unquali ed            Improved
    11/1/1996           $1                  Warranty Deed                                                    1434                0145                 M - Unquali ed            Improved
    3/1/1991            $1                  Warranty Deed                                                    1165                2192                 M - Unquali ed            Vacant
    3/1/1991            $1                  Warranty Deed                                                    1165                2199                 M - Unquali ed            Improved
    3/1/1985            $1                  Warranty Deed                                                    936                 693                  U - Unquali ed            Vacant

Map

No data available for the following modules: Buildings, Commercial Buildings, Mobile Home Buildings, Yard Items, Exemptions, Permits, Sketches (click to enlarge), Photos.
Monroe County, FL

Disclaimer
  The Monroe County Property Appraiser's of ce maintains data on property within the County solely for the purpose of ful lling its
  responsibility to secure a just valuation for ad valorem tax purposes of all property within the County. The Monroe County Property
  Appraiser's of ce cannot guarantee its accuracy for any other purpose. Likewise, data provided regarding one tax year may not be applicable
  in prior or subsequent years. By requesting such data, you hereby understand and agree that the data is intended for ad valorem tax purposes
  only and should not be relied on for any other purpose.
  By continuing into this site you assert that you have read and agree to the above statement.
Summary
  Parcel ID        00099080-000000
  Account #        1115819
  Property ID      1115819
  Millage Group    510D
  Location         VACANT LAND , CONCH KEY
  Address
  Legal            15 65 34 LITTLE CONCH KEY BAY BOTTOM ADJ TO AND SLY OF LITTLE CONCH KEY OR266-429(II DEED 21477) OR501-201/03 OR571-718D/C OR825-1455 OR864-1884/85 OR936-
  Description      693/96 OR1165-2192/93 OR1165-2199/2200 OR1165-2201/02 OR1177-2141/42 OR1182-2443/44 OR1294-379/81 OR1434-145/46 OR2015-996/97 OR2015-998/99 OR2650-
                   1249/51C/T OR2651-754/57
                   (Note: Not to be used on legal documents)
  Neighborhood     4701
  Property         SUBMERGED (9500)
  Class
  Subdivision
  Sec/Twp/Rng      15/65/34
  Affordable       No
  Housing

Owner
  CONCH KEY WATERSPORTS INC
  62250 OVERSEAS HWY
  MARATHON FL 33050

Valuation
                                                                                                2017                   2016                               2015                      2014
   +    Market Improvement Value                                                                     $0                     $0                                $0                     $0
   +    Market Misc Value                                                                            $0                     $0                                $0                     $0
   +    Market Land Value                                                                       $660                   $660                               $660                      $660
   =    Just Market Value                                                                       $660                   $660                               $660                      $660
   =    Total Assessed Value                                                                    $660                   $660                               $660                      $660
    -   School Exempt Value                                                                          $0                     $0                                $0                     $0
   =    School Taxable Value                                                                    $660                   $660                               $660                      $660

Land
   Land Use                                                                  Number of Units                      Unit Type                        Frontage               Depth
   ENVIRONMENTALLY SENS (000X)                                               5.91                                 Acreage                          0                      0
   ENVIRONMENTALLY SENS (000X)                                               0.69                                 Acreage                          0                      0

Sales
   Sale Date          Sale Price      Instrument               Instrument Number               Deed Book   Deed Page             Sale Quali cation             Vacant or Improved
   9/24/2013          $3,323,500      Warranty Deed                                            2651        754                   12 - Unquali ed               Vacant
   9/18/2013          $3,350,000      Certi cate of Title                                      2650        1249                  12 - Unquali ed               Vacant
   6/9/2004           $385,000        Warranty Deed                                            2015        0996                  M - Unquali ed                Improved
   11/1/1996          $1              Warranty Deed                                            1434        0145                  M - Unquali ed                Improved
   3/1/1991           $1              Warranty Deed                                            1165        2199                  M - Unquali ed                Improved
   3/1/1991           $1              Warranty Deed                                            1165        2192                  M - Unquali ed                Vacant
   3/1/1985           $1              Warranty Deed                                            936         693                   U - Unquali ed                Vacant

Map
Monroe County, FL

Disclaimer
  The Monroe County Property Appraiser's of ce maintains data on property within the County solely for the purpose of ful lling its
  responsibility to secure a just valuation for ad valorem tax purposes of all property within the County. The Monroe County Property
  Appraiser's of ce cannot guarantee its accuracy for any other purpose. Likewise, data provided regarding one tax year may not be applicable
  in prior or subsequent years. By requesting such data, you hereby understand and agree that the data is intended for ad valorem tax purposes
  only and should not be relied on for any other purpose.
  By continuing into this site you assert that you have read and agree to the above statement.
Summary
  Parcel ID         00099090-000000
  Account #         1115827
  Property ID       1115827
  Millage Group     510D
  Location          62400 OVERSEAS HWY 7 & 8, CONCH KEY
  Address
  Legal             15 65 34 LITTLE CONCH KEY SE1/2 G59-324(II DEED 19113) OR23-293 OR51-414 OR371-544/50 OR812-
  Description       1303/1304LE OR812-1311E(CAUSEWAY) OR1351-519/WILL CASE 95-10270-CP-10 OR2197-1977/78
                    OR2197-1983/84 OR2326-612/16 OR2768-1510/14
                    (Note: Not to be used on legal documents)
  Neighborhood      4701
  Property          MULTI FAMILY LESS THAN 10 UNITS (0800)
  Class
  Subdivision
  Sec/Twp/Rng       15/65/34
  Affordable        No
  Housing

Owner
  CONCH KEY HOLDINGS INC
  62250 OVERSEAS HWY
  MARATHON FL 33050

Valuation
                                                                                                  2017                          2016           2015               2014
   +     Market Improvement Value                                                          $1,482,649                      $1,390,051   $1,348,135          $1,116,720
   +     Market Misc Value                                                                  $166,598                        $144,455        $123,856            $64,224
   +     Market Land Value                                                                 $4,133,423                      $4,133,423   $3,718,650          $1,563,978
   =     Just Market Value                                                                 $5,782,670                      $5,667,929   $5,190,641          $2,744,922
   =     Total Assessed Value                                                              $5,782,670                      $5,667,929   $2,541,058          $2,310,053
    -    School Exempt Value                                                                         $0                            $0              $0               $0
   =     School Taxable Value                                                              $5,782,670                      $5,667,929   $5,190,641          $2,744,922

Land
   Land Use                                                                   Number of Units                          Unit Type        Frontage        Depth
   MULTI RES WATERFRONT (080W)                                                57,210.00                                Square Foot      0               1

Buildings
  Building ID        4745                                                                       Exterior Walls       C.B.S.
  Style                                                                                         Year Built           2010
  Building Type      S.F.R. - R1 / R1                                                           EffectiveYearBuilt   2010
  Gross Sq Ft        7101                                                                       Foundation           CONC PILINGS
  Finished Sq Ft     4152                                                                       Roof Type            IRR/CUSTOM
  Stories            3 Floor                                                                    Roof Coverage        METAL
  Condition          AVERAGE                                                                    Flooring Type
  Perimeter          428                                                                        Heating Type
  Functional Obs     0                                                                          Bedrooms             3
  Economic Obs       0                                                                          Full Bathrooms       3
  Depreciation %     6                                                                          Half Bathrooms       1
  Interior Walls                                                                                Grade                600
                                                                                                Number of Fire Pl    0
   Code          Description             Sketch Area      Finished Area       Perimeter
   FLA           FLOOR LIV AREA          4,152            4,152               0
   LLF           LOW LEV FIN             427              0                   0
   OUU           OP PR UNFIN UL          386              0                   0
   OUF           OP PRCH FIN UL          516              0                   0
   PTX           PATIO CUSTOM            1,620            0                   0
   TOTAL                                 7,101            4,152               0

  Building ID        5048                                                                       Exterior Walls       C.B.S.
  Style                                                                                         Year Built           2011
  Building Type      S.F.R. - R1 / R1                                                           EffectiveYearBuilt   2011
  Gross Sq Ft        7101                                                                       Foundation           CONC PILINGS
  Finished Sq Ft     4152                                                                       Roof Type            IRR/CUSTOM
  Stories            3 Floor                                                                    Roof Coverage        METAL
  Condition          AVERAGE                                                                    Flooring Type
  Perimeter          428                                                                        Heating Type
  Functional Obs     0                                                                          Bedrooms             3
  Economic Obs       0                                                                          Full Bathrooms       3
  Depreciation %     5                                                                          Half Bathrooms       1
  Interior Walls                                                                                Grade                600
                                                                                                Number of Fire Pl    0
Code          Description                Sketch Area                Finished Area             Perimeter
   FLA           FLOOR LIV AREA             4,152                      4,152                     0
   LLF           LOW LEV FIN                427                        0                         0
   OUU           OP PR UNFIN UL             386                        0                         0
   OUF           OP PRCH FIN UL             516                        0                         0
   PTX           PATIO CUSTOM               1,620                      0                         0
   TOTAL                                    7,101                      4,152                     0

Yard Items
   Description                                            Year Built                                 Roll Year                   Quantity                   Units                      Grade
   HOT TUB                                                2010                                       2011                        1                          1 UT                       3
   RES POOL                                               2010                                       2011                        1                          336 SF                     3
   HOT TUB                                                2011                                       2012                        1                          1 UT                       3
   RES POOL                                               2011                                       2012                        1                          336 SF                     3
   WOOD DOCKS                                             2008                                       2009                        1                          1500 SF                    5

Sales
   Sale Date            Sale Price               Instrument                    Instrument Number                     Deed Book       Deed Page      Sale Quali cation           Vacant or Improved
   11/4/2015            $100                     Warranty Deed                                                       2768            1510           12 - Unquali ed             Improved
   10/10/2007           $16,960,000              Warranty Deed                                                       2326            612            M - Unquali ed              Improved
   3/31/2006            $6,333,340               Warranty Deed                                                       2197            1979           M - Unquali ed              Improved

Permits
   Number        Date Issued       Date Completed          Amount          Permit Type                                                                                                           Notes   
   07205386       1/5/2011           12/29/2011               $4,300                                                                                                                           INSTALL GATE
   10203453       6/14/2010          12/29/2011               $2,900                                                                                                  INSTALL LOW VOLTAGE SECURITY SYSTEM
   09204553       12/2/2009          12/29/2011               $10,000                                                                                                                                CURBING
   09201077       3/27/2009          12/30/2010               $2,400                                                                                                                         ALARM SYSTEM
   06206710       11/13/2008                                  $680,000                                                                                                          CBS SFR UNIT #3 TO REPL MH
   08201184       3/28/2008                                   $900                                               DEMO EXISTING M/H AND ALL STRUCTURES ON PROPERTY (WAS AK 8574398 BEFORE 2014 COMBO)
   8201184        3/28/2008          12/29/2011               $680,000                                                                                                                                CBS SFR
   09200707       11/13/2007                                  $680,000                                                                                                                      CBS SFR UNIT #4
   7201883        11/13/2007                                  $680,000                                                                                                                      CBS SFR UNIT #5
   7201884        11/13/2007         12/30/2007               $680,000                                                                                                                      CBS SFR UNIT #7
   7201885        11/13/2007         12/30/2010               $680,000                                                                                                                      CBS SFR UNIT #8
   7200813        2/20/2007          12/30/2007               $2,000                                                                                               DEMO MOBILE HOME AND ALL STRUCTURES
   6206450        1/25/2007          12/30/2007               $175,000                                                                                                               DOCK/SEAWALL REPAIR
   6206982        12/22/2006         12/30/2006               $30,000                                                                            SITE PLAN/SEWER/WATER/PHONE/COMMUNICATIONS CABLE
   6205692        10/31/2006         12/30/2006               $125,000                                                                                                                ROAD REPAIR RIP-RAP
   05206529       12/5/2005          12/30/2005               $302                                                                                                 ATF -KITCHEN FLOOR REPAIR APPROX 72 S.F.
   4204045        8/24/2004          3/14/2005                $2,400           Residential                                                                                 DEMOLITION OF 6 MOBILE HOMES

Sketches (click to enlarge)
Photos

Map
Monroe County, FL

Disclaimer
   The Monroe County Property Appraiser's of ce maintains data on property within the County solely for the purpose of ful lling its
   responsibility to secure a just valuation for ad valorem tax purposes of all property within the County. The Monroe County Property
   Appraiser's of ce cannot guarantee its accuracy for any other purpose. Likewise, data provided regarding one tax year may not be applicable
   in prior or subsequent years. By requesting such data, you hereby understand and agree that the data is intended for ad valorem tax purposes
   only and should not be relied on for any other purpose.
   By continuing into this site you assert that you have read and agree to the above statement.
Summary
   Parcel ID        00099100-000000
   Account #        1115835
   Property ID      1115835
   Millage Group    510D
   Location         VACANT LAND , CONCH KEY
   Address
   Legal            15 65 34 PT LITTLE CONCH KEY (A/K/A WALKERS KEY) AND ADJ BAY BOTTOM II # 21173 OR163-152(II DEED 22212) OR371-544/50 OR812-1303/04 OR812-1311(CAUSEWAY)
   Description      OR1351-519/WILL CASE #95-10270-CP-10 OR2197-1977/78 OR2326-612/16 OR2768-1510/14
                    (Note: Not to be used on legal documents)
   Neighborhood     4701
   Property         SUBMERGED (9500)
   Class
   Subdivision
   Sec/Twp/Rng      15/65/34
   Affordable       No
   Housing

Owner
   CONCH KEY HOLDINGS INC
   62250 OVERSEAS HWY
   MARATHON FL 33050

Valuation
                                                                                                               2017                             2016                          2015                       2014
    +   Market Improvement Value                                                                                  $0                               $0                             $0                       $0
    +   Market Misc Value                                                                                         $0                               $0                             $0                       $0
    +   Market Land Value                                                                                     $2,480                           $2,480                        $2,480                     $2,480
    =   Just Market Value                                                                                     $2,480                           $2,480                        $2,480                     $2,480
    =   Total Assessed Value                                                                                  $2,480                           $2,480                        $2,480                     $2,480
    -   School Exempt Value                                                                                       $0                               $0                             $0                       $0
    =   School Taxable Value                                                                                  $2,480                           $2,480                        $2,480                     $2,480

Land
    Land Use                                                                                Number of Units                              Unit Type                     Frontage                Depth
    (9500)                                                                                  24.30                                        Acreage                       0                       0
    ENVIRONMENTALLY SENS (000X)                                                             1.00                                         Lot                           0                       0

Sales
    Sale Date             Sale Price        Instrument                  Instrument Number                 Deed Book            Deed Page             Sale Quali cation             Vacant or Improved
    11/4/2015             $100              Warranty Deed                                                 2768                 1510                  12 - Unquali ed               Improved
    10/10/2007            $1                Warranty Deed                                                 2326                 612                   M - Unquali ed                Improved

Map

No data available for the following modules: Buildings, Commercial Buildings, Mobile Home Buildings, Yard Items, Exemptions, Permits, Sketches (click to enlarge), Photos.
Monroe County, FL

Disclaimer
   The Monroe County Property Appraiser's of ce maintains data on property within the County solely for the purpose of ful lling its
   responsibility to secure a just valuation for ad valorem tax purposes of all property within the County. The Monroe County Property
   Appraiser's of ce cannot guarantee its accuracy for any other purpose. Likewise, data provided regarding one tax year may not be applicable
   in prior or subsequent years. By requesting such data, you hereby understand and agree that the data is intended for ad valorem tax purposes
   only and should not be relied on for any other purpose.
   By continuing into this site you assert that you have read and agree to the above statement.
Summary
   Parcel ID        00099110-000000
   Account #        1115843
   Property ID      1115843
   Millage Group    510D
   Location         VACANT LAND , CONCH KEY
   Address
   Legal            15 65 34 LITTLE CONCH KEY BAY BOTTOM NE'LY SE'LY & SW'LY & ADJ TO LITTLE CONCH KEY OR60-287(II DEED 21173) OR371-544/50 OR804-1163D/C OR820-575Q OR1351-
   Description      519/WILL CASE #95-10270-CP-10 OR2197-1977/78 OR2326-612/16 OR2768-1510/14
                    (Note: Not to be used on legal documents)
   Neighborhood     4701
   Property         SUBMERGED (9500)
   Class
   Subdivision
   Sec/Twp/Rng      15/65/34
   Affordable       No
   Housing

Owner
   CONCH KEY HOLDINGS INC
   62250 OVERSEAS HWY
   MARATHON FL 33050

Valuation
                                                                                                               2017                           2016                            2015                        2014
     +   Market Improvement Value                                                                                 $0                               $0                             $0                        $0
     +   Market Misc Value                                                                                        $0                               $0                             $0                        $0
     +   Market Land Value                                                                                    $2,722                         $2,722                          $2,722                      $2,722
     =   Just Market Value                                                                                    $2,722                         $2,722                          $2,722                      $2,722
     =   Total Assessed Value                                                                                 $2,722                         $2,722                          $2,722                      $2,722
     -   School Exempt Value                                                                                      $0                               $0                             $0                        $0
     =   School Taxable Value                                                                                 $2,722                         $2,722                          $2,722                      $2,722

Land
    Land Use                                                                                Number of Units                              Unit Type                     Frontage                Depth
    ENVIRONMENTALLY SENS (000X)                                                             27.22                                        Acreage                       0                       0

Sales
    Sale Date             Sale Price        Instrument                  Instrument Number                 Deed Book            Deed Page             Sale Quali cation             Vacant or Improved
    11/4/2015             $100              Warranty Deed                                                 2768                 1510                  12 - Unquali ed               Vacant
    10/10/2007            $1                Warranty Deed                                                 2326                 612                   M - Unquali ed                Improved

Map

No data available for the following modules: Buildings, Commercial Buildings, Mobile Home Buildings, Yard Items, Exemptions, Permits, Sketches (click to enlarge), Photos.

                                                                                                                                                                                       
The Monroe County Property Appraiser's of ce maintains data on property within the County solely for the purpose of ful lling its responsibility to secure a just
valuation for ad valorem tax purposes of all property within the County. The Monroe County Property Appraiser's of ce cannot guarantee its accuracy for any other
purpose. Likewise, data provided regarding one tax year may not be applicable in prior or subsequent years. By requesting such data, you hereby understand and agree
that the                                                                                                                                                                               Developed by
                                                                                                                                                                                       The Schneider Corporation
Last Data Upload Data: 2/1/2018, 8:43:06 AM
2017 PROPERTY TAXES
2017 Paid Real Estate

                                                                                                                                   $37,891.17
                                                                                      ACCOUNT #

                                                                                                                                                     115-17-00001485
       1115797                                            510D                 1115797

CONCH KEY WATERSPORTS INC

                                                                                                                                   Paid 12/28/2017
                                                                               00099060000000156534
62250 OVERSEAS HWY                                                             62250 OVERSEAS HWY 11
MARATHON, FL 33050-6909
                                                                               15 65 34 LITTLE CONCH KEY NW1/2 G59-324(II

                                                                                                                                                     Receipt #
                                                                               DEED 19113) OR501-201/203 OR571-718D/C
                                                                               OR825-1455 O

SCHOOL STATE LAW                   1.6080               5,187,128                     0               5,187,128         8,340.90
SCHOOL LOCAL BOARD                 1.7480               5,187,128                     0               5,187,128         9,067.10
GENERAL REVENUE FUND               0.6949               3,318,396                     0               3,318,396         2,305.95
F&F LAW ENFORCE JAIL JUDICIAL      1.9539               3,318,396                     0               3,318,396         6,483.81
HEALTH CLINIC                      0.0469               3,318,396                     0               3,318,396           155.63
GENERAL PURPOSE MSTU               0.1621               3,318,396                     0               3,318,396           537.91
FLORIDA KEYS MOSQUITO CONTROL      0.4646               3,318,396                     0               3,318,396         1,541.73
M C LOCAL ROAD PATROL LAW ENF      0.3537               3,318,396                     0               3,318,396         1,173.72
SO FL WATER MANAGEMENT DIST        0.1275               3,318,396                     0               3,318,396           423.10
OKEECHOBEE BASIN                   0.1384               3,318,396                     0               3,318,396           459.27
LOWER & MIDDLE KEYS FIRE & AMB     2.1214               3,318,396                     0               3,318,396         7,039.65
EVERGLADES CONSTRUCTION PRJT       0.0441               3,318,396                     0               3,318,396           146.34

                                               9.4635                                                                 $37,675.11

CONCH KEY WASTEWATER DIST                                                                                               1,387.95

                                                                                                                       $1,387.95

                                       $39,063.06

 If Postmarked By   Dec 31, 2017
 Please Pay         $0.00

                                                    2017 Paid Real Estate

                                                                                      ACCOUNT #
     1115797                                             510D                  1115797

                                                                               00099060000000156534
 CONCH KEY WATERSPORTS INC                                                     62250 OVERSEAS HWY 11
 62250 OVERSEAS HWY
 MARATHON, FL 33050-6909                                                        15 65 34 LITTLE CONCH KEY NW1/2 G59-324(II
                                                                                DEED 19113) OR501-201/203 OR571-718D/C
                                                                                OR825-1455 O

If Postmarked By    Dec 31, 2017
Please Pay          $0.00
                                                                    Paid 12/28/2017   Receipt # 115-17-00001485   $37,891.17
2017 Paid Real Estate

                                                                                ACCOUNT #
       1115801                                          510D              1115801

CONCH KEY WATERSPORTS INC                                                 00099070000000156534
62250 OVERSEAS HWY                                                        0 VACANT LAND
MARATHON, FL 33050-6909
                                                                          15 65 34 LITTLE CONCH KEY BAY BOTTOM ADJ TO
                                                                          AND SWLY OF LITTLE CONCH KEY OR266-428(II
                                                                          DEED 21167) OR50

SCHOOL STATE LAW                   1.6080                  278                 0                   278            0.45
SCHOOL LOCAL BOARD                 1.7480                  278                 0                   278            0.49
GENERAL REVENUE FUND               0.6949                  278                 0                   278            0.19
F&F LAW ENFORCE JAIL JUDICIAL      1.9539                  278                 0                   278            0.54
HEALTH CLINIC                      0.0469                  278                 0                   278            0.01
GENERAL PURPOSE MSTU               0.1621                  278                 0                   278            0.05
FLORIDA KEYS MOSQUITO CONTROL      0.4646                  278                 0                   278            0.13
M C LOCAL ROAD PATROL LAW ENF      0.3537                  278                 0                   278            0.10
SO FL WATER MANAGEMENT DIST        0.1275                  278                 0                   278            0.04
OKEECHOBEE BASIN                   0.1384                  278                 0                   278            0.04
LOWER & MIDDLE KEYS FIRE & AMB     2.1214                  278                 0                   278            0.59
EVERGLADES CONSTRUCTION PRJT       0.0441                  278                 0                   278            0.01

                                               9.4635                                                            $2.64

                                                                                                                 $0.00

                                       $2.64

 If Postmarked By   Nov 30, 2017
 Please Pay         $0.00

                                                  2017 Paid Real Estate

                                                                               ACCOUNT #
     1115801                                            510D              1115801

                                                                          00099070000000156534
 CONCH KEY WATERSPORTS INC                                                0 VACANT LAND
 62250 OVERSEAS HWY
 MARATHON, FL 33050-6909                                                  15 65 34 LITTLE CONCH KEY BAY BOTTOM ADJ TO
                                                                          AND SWLY OF LITTLE CONCH KEY OR266-428(II
                                                                          DEED 21167) OR50

If Postmarked By    Nov 30, 2017
Please Pay          $0.00
2017 Paid Real Estate

                                                                                ACCOUNT #
       1115819                                          510D              1115819

CONCH KEY WATERSPORTS INC                                                 00099080000000156534
62250 OVERSEAS HWY                                                        0 VACANT LAND
MARATHON, FL 33050-6909
                                                                          15 65 34 LITTLE CONCH KEY BAY BOTTOM ADJ TO
                                                                          AND SLY OF LITTLE CONCH KEY OR266-429(II
                                                                          DEED 21477) OR501

SCHOOL STATE LAW                   1.6080                  660                 0                   660            1.06
SCHOOL LOCAL BOARD                 1.7480                  660                 0                   660            1.15
GENERAL REVENUE FUND               0.6949                  660                 0                   660            0.46
F&F LAW ENFORCE JAIL JUDICIAL      1.9539                  660                 0                   660            1.29
HEALTH CLINIC                      0.0469                  660                 0                   660            0.03
GENERAL PURPOSE MSTU               0.1621                  660                 0                   660            0.11
FLORIDA KEYS MOSQUITO CONTROL      0.4646                  660                 0                   660            0.31
M C LOCAL ROAD PATROL LAW ENF      0.3537                  660                 0                   660            0.23
SO FL WATER MANAGEMENT DIST        0.1275                  660                 0                   660            0.08
OKEECHOBEE BASIN                   0.1384                  660                 0                   660            0.09
LOWER & MIDDLE KEYS FIRE & AMB     2.1214                  660                 0                   660            1.40
EVERGLADES CONSTRUCTION PRJT       0.0441                  660                 0                   660            0.03

                                               9.4635                                                            $6.24

                                                                                                                 $0.00

                                       $6.24

 If Postmarked By   Nov 30, 2017
 Please Pay         $0.00

                                                  2017 Paid Real Estate

                                                                               ACCOUNT #
     1115819                                            510D              1115819

                                                                          00099080000000156534
 CONCH KEY WATERSPORTS INC                                                0 VACANT LAND
 62250 OVERSEAS HWY
 MARATHON, FL 33050-6909                                                  15 65 34 LITTLE CONCH KEY BAY BOTTOM ADJ TO
                                                                          AND SLY OF LITTLE CONCH KEY OR266-429(II
                                                                          DEED 21477) OR501

If Postmarked By    Nov 30, 2017
Please Pay          $0.00
2017 Paid Real Estate

                                                                                                                                   $54,986.47
                                                                                      ACCOUNT #

                                                                                                                                                     107-17-00004789
       1115827                                            510D                 1115827

CONCH KEY HOLDINGS INC

                                                                                                                                   Paid 01/30/2018
                                                                               00099090000000156534
62250 OVERSEAS HWY                                                             62400 OVERSEAS HWY 7 & 8
MARATHON, FL 33050-6909
                                                                               15 65 34 LITTLE CONCH KEY SE1/2 G59-324(II DEED

                                                                                                                                                     Receipt #
                                                                               19113) OR23-293 OR51-414 OR371-544/50 OR812

SCHOOL STATE LAW                   1.6080               5,782,670                     0               5,782,670         9,298.53
SCHOOL LOCAL BOARD                 1.7480               5,782,670                     0               5,782,670        10,108.11
GENERAL REVENUE FUND               0.6949               5,782,670                     0               5,782,670         4,018.38
F&F LAW ENFORCE JAIL JUDICIAL      1.9539               5,782,670                     0               5,782,670        11,298.76
HEALTH CLINIC                      0.0469               5,782,670                     0               5,782,670           271.21
GENERAL PURPOSE MSTU               0.1621               5,782,670                     0               5,782,670           937.37
FLORIDA KEYS MOSQUITO CONTROL      0.4646               5,782,670                     0               5,782,670         2,686.63
M C LOCAL ROAD PATROL LAW ENF      0.3537               5,782,670                     0               5,782,670         2,045.33
SO FL WATER MANAGEMENT DIST        0.1275               5,782,670                     0               5,782,670           737.29
OKEECHOBEE BASIN                   0.1384               5,782,670                     0               5,782,670           800.32
LOWER & MIDDLE KEYS FIRE & AMB     2.1214               5,782,670                     0               5,782,670        12,267.36
EVERGLADES CONSTRUCTION PRJT       0.0441               5,782,670                     0               5,782,670           255.02

                                               9.4635                                                                 $54,724.31

MO CO SOLID WASTE                                                                                                         772.00
CONCH KEY WASTEWATER DIST                                                                                                 612.33

                                                                                                                       $1,384.33

                                       $56,108.64

 If Postmarked By   Jan 31, 2018
 Please Pay         $0.00

                                                    2017 Paid Real Estate

                                                                                      ACCOUNT #
     1115827                                             510D                  1115827

                                                                               00099090000000156534
 CONCH KEY HOLDINGS INC                                                        62400 OVERSEAS HWY 7 & 8
 62250 OVERSEAS HWY
 MARATHON, FL 33050-6909                                                        15 65 34 LITTLE CONCH KEY SE1/2 G59-324(II DEED
                                                                                19113) OR23-293 OR51-414 OR371-544/50 OR812

If Postmarked By    Jan 31, 2018
Please Pay          $0.00
                                                                    Paid 01/30/2018   Receipt # 107-17-00004789   $54,986.47
2017 Paid Real Estate

                                                                                 ACCOUNT #
       1115835                                           510D              1115835

CONCH KEY HOLDINGS INC                                                     00099100000000156534
62250 OVERSEAS HWY                                                         0 VACANT LAND
MARATHON, FL 33050-6909
                                                                           15 65 34 PT LITTLE CONCH KEY (A/K/A WALKERS
                                                                           KEY) AND ADJ BAY BOTTOM II # 21173 OR163-152(II
                                                                           DEED 22212

SCHOOL STATE LAW                   1.6080                 2,480                 0                   2,480             3.99
SCHOOL LOCAL BOARD                 1.7480                 2,480                 0                   2,480             4.34
GENERAL REVENUE FUND               0.6949                 2,480                 0                   2,480             1.72
F&F LAW ENFORCE JAIL JUDICIAL      1.9539                 2,480                 0                   2,480             4.85
HEALTH CLINIC                      0.0469                 2,480                 0                   2,480             0.12
GENERAL PURPOSE MSTU               0.1621                 2,480                 0                   2,480             0.40
FLORIDA KEYS MOSQUITO CONTROL      0.4646                 2,480                 0                   2,480             1.15
M C LOCAL ROAD PATROL LAW ENF      0.3537                 2,480                 0                   2,480             0.88
SO FL WATER MANAGEMENT DIST        0.1275                 2,480                 0                   2,480             0.32
OKEECHOBEE BASIN                   0.1384                 2,480                 0                   2,480             0.34
LOWER & MIDDLE KEYS FIRE & AMB     2.1214                 2,480                 0                   2,480             5.26
EVERGLADES CONSTRUCTION PRJT       0.0441                 2,480                 0                   2,480             0.11

                                                9.4635                                                              $23.48

                                                                                                                     $0.00

                                       $23.48

 If Postmarked By   Nov 30, 2017
 Please Pay         $0.00

                                                   2017 Paid Real Estate

                                                                                ACCOUNT #
     1115835                                             510D              1115835

                                                                           00099100000000156534
 CONCH KEY HOLDINGS INC                                                    0 VACANT LAND
 62250 OVERSEAS HWY
 MARATHON, FL 33050-6909                                                   15 65 34 PT LITTLE CONCH KEY (A/K/A WALKERS
                                                                           KEY) AND ADJ BAY BOTTOM II # 21173 OR163-152(II
                                                                           DEED 22212

If Postmarked By    Nov 30, 2017
Please Pay          $0.00
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