58234 Overseas Highway , MARATHON, FL 33050
MARATHON, FL 33050
Description
Unique 18,000 sq ft ocean front parcel with 5 units. Remember how the Key used to be? Parcel shares a boat ramp with adjacent parcel, owned bay bottom and 5 units recognized by the City of Marathon. The property contains a Triplex consisting of a 2/2 apt and two 1/1 apartments: a small cottage studio with 1 bath and a mobile home with 2 beds/1.5 baths. Triplex building sits directly on the Ocean and is currently undergoing spalling repairs. The property has been a vacation rental, but the vacation rental license is currently stopped while repairs are under way. Potential buyers have several options. The current density on RM zoning allows for two units should a prospective buyer wish to demolish the existing units, rebuild two units, and sell or retain the remaining 3 Transferable Building Rights. Letter of Determination is under the Documents Tab.
Details
| MLS# | 612603 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1975 |
| Days On Site | 50 |
| Listing Provided By | Coldwell Banker Schmitt Real Estate Co. | Joshua James Mothner |
Features
| Bed(s) | 7 |
|---|---|
| Bath(s) | 7 Total |
| SQ Feet | 3,026 |
| Units | 5 |
| Zoning | RM - Residential Medium |
| Acreage | 0.18 |
| Water Front | Yes |
| Property View | Open Water View, Ocean |
Market Activity 33050
The data relating to real estate for sale on this web site come s in part from the Internet Data Exchange program of the Marathon and Lower Keys Association of REALTORS®, Inc. MLS. Real Estate listings held by brokerage firms other than Coldwell Banker Schmitt are marked with the MLS logo and detailed information about them includes the name of the listing broker’s office.
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Learn More About This Property
| State | FL |
|---|---|
| County | Monroe |
| City | MARATHON |
| Zip Code | 33050 |
| Area | 19 Crawl Key & Grassy Key |
| Community Name | Crains Sub (58.0) |
| Listing VS Median (in Crains Sub (58.0)) | |
Price: $1,500,000 low | high Med: $2,297,000 SqFt: 3,026 low | high Med: 1,833 $ / SqFt: $496 low | high Med: $1,264 On Site: 50 low | high Med: 381.000000 | |
The data relating to real estate for sale on this web site come s in part from the Internet Data Exchange program of the Marathon and Lower Keys Association of REALTORS®, Inc. MLS. Real Estate listings held by brokerage firms other than Coldwell Banker Schmitt are marked with the MLS logo and detailed information about them includes the name of the listing broker’s office.
