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58234 Overseas Highway

Marathon, FL 33050
  • $2,800,000
  • STATUS: Active
  • ON SITE: 124 Days
  • MLS #: 609161
UPDATED: 144 min ago
$2,800,000
  • 7
    BEDS
  • 0.18
    ACRES
  • 6
    BATHS
  • 1
    1/2 BATHS
  • 2,190
    SQFT
  • $1,279
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1975
County:

School Ratings & Info

Description

Very unique property in the old Keys Style. 5 Building Rights on this 18,000 sq ft Oceanfront parcel on Grassy Key, with Bay Bottom and a boat ramp (shared with adjoining parcel) City of Marathon has approved a Letter of Determination for five (5) building rights (TBR's) upon the property. Property currently contains a Triplex with a 2/2 apt and two 1 bed/1 bath apt; a small studio with 1 bath, and a mobile home with 2 beds/1.5 baths. Seller is in the process of pulling permits to repair Triplex. Current zoning and density should allow for two units to be built on the property. A buyer might choose to demolish the triplex and leave mobile home and studio unit in place...and keep the remaining three (3) TBRs.

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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Gamal Riquelme | Sunshine Brokers are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.homesalesfloridakeys.com/homes/148504475
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58234 Overseas Highway Marathon, FL 33050

  • Price: $2,800,000
  • Status: Active
  • On Site: 124 Days
  • Updated: 144 min ago
  • MLS #: 609161
7
Beds
6
Baths
1
½ Baths
0.18
Acres
2,190
SQFT
$1,279
$/SQFT
1975
Built
Neighborhood:
Crains Sub (58.0)
County:
Monroe
Area:
19 - Crawl Key & Grassy Key
Property Description
Very unique property in the old Keys Style. 5 Building Rights on this 18,000 sq ft Oceanfront parcel on Grassy Key, with Bay Bottom and a boat ramp (shared with adjoining parcel) City of Marathon has approved a Letter of Determination for five (5) building rights (TBR's) upon the property. Property currently contains a Triplex with a 2/2 apt and two 1 bed/1 bath apt; a small studio with 1 bath, and a mobile home with 2 beds/1.5 baths. Seller is in the process of pulling permits to repair Triplex. Current zoning and density should allow for two units to be built on the property. A buyer might choose to demolish the triplex and leave mobile home and studio unit in place...and keep the remaining three (3) TBRs.
Exterior Features

Above Flood Unknown Building Style Single Wide Construction CBSManufactured Dockage None Land Size 1/4 - 1/2 Acre Pool YN No Side Ocean Stories 2 Stories Style Multi-Units Vehicle Storage Off Street Parking Waterfront OceanfrontOpen Water Waterfront YN Yes Waterview Ocean ViewOpen Water View

Interior Features

Appliances Other Buyer to Verify Cooling Heating Wall/Window Unit(s)

Property Features

Assoc Fee 0.00 Assoc Hoa YN No Assoc Right Of Refusal No City MARATHON Control Depth 1 Deed Restrictions Unknown Fee Includes None Flood Zone VEAEAEVE Listing Board Marathon/Lower Keys Mile Marker 58.00 Min Rental Days 7.00 Pets Pets Allowed Public Sewer Hookup Yes Rentals Allowed With Restrictions Species List No Sq Ft Source Property Data Card Tax Exemptions Homestead Tax Year 2023 Taxes 12299.03 Terms CashConventional Utilities FKAAElect Separate MeterMunicipal Sewer Zoning RM - Residential Medium

Listing courtesy of Joshua Mothner of Coldwell Banker Schmitt Real Estate Co.: (305) 743-5181.


The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Gamal Riquelme | Sunshine Brokers are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
 
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