58182 Overseas Highway
Marathon, FL 33050

$6,600,000

Description

Four oceanfront real estate parcels (over 2.75 acres) with a total of 38 transient rental licenses, hotel, and an elevated 2,100 sq. ft. single family home. The hotel (with SF home) has 11 of the transient licenses and is a combination of 2, 3 and 4 bedroom units that average 1,125 sq. ft. In 2017 the entire interior (and most of the exterior) was painted and the furnishings replaced. New AC. There are 3 pools, dock, parking (some covered), 550 lineal feet of oceanfront and direct access from US 1. Three of the parcels are contiguous and one (Alt 1454150) is four lots to the west. Being sold As Is this is one of those rare opportunities to do some developing in the Florida Keys and MU zoning allows for many uses including Retail, Recreational, Apartments, Vacation Rentals and more.

Details

MLS#577031
StyleRetail
Sub-TypeResale
StatusActive
Year2000
Days On Site227

Features

SQ Feet13,586
Story(s)3
Units38
ZoningMU - Mixed Use Commercial Mixed

Loading Form

Loading Form

Area Information

StateFL
CountyMonroe
CityMarathon
Zip Code33050
AreaMiddle Keys
SubareaOutside of Key West
Listing VS Median (in 33050)
Price:
$6,600,000
low | high
Med:
$494,500
100% of Average
SqFt:
13,586
low | high
Med:
611
100% of Average
$ / SqFt:
$486
low | high
Med:
$203
100% of Average
On Site:
227
low | high
Med:
99
100% of Average
Nearby Listings (Within 1/10 mile)
Price: $4.95M - $8.25M
SqFt: 10,000 - 16,500
Listing Updated: 05/25/2018
MLS Number: 577031
Listing Provided By:
Karen J Lane  of  Berkshire Hathaway Knight Gardner Realty (KW)