$2,850,000
Marathon, FL 33050
MLS# 605984
Status: Closed
5 beds | 3 baths | 1614 sqft
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Property Description
Nestled within the coveted Ocean East peninsula in Marathon, FL, stands an exquisite oceanfront residence that epitomizes luxury living. This premier property is situated on one of the most esteemed and sought-after streets in Marathon, known for its unparalleled allure. This home has undergone extensive updates, including new storm impact windows and doors, a new kitchen, updated bathrooms, flooring, and tasteful furnishings. Capitalizing off this investment is easy; it currently holds a transferable vacation rental license through the City of Marathon and turnkey produces over $200K a year income with heavy owner usage. This makes it an attractive investment opportunity for those interested in vacation rentals. The residence offers stunning views during the day, and at night, you can enjoy the sight of 5 miles of shoreline lights. It features a pool, jacuzzi, dock, and a spacious backyard with excellent outdoor living space overlooking the ocean. The exterior is enhanced with aesthetically pleasing lighting, a new Fish light and there is a firepit for evening enjoyment, adding to the ambiance. This property presents an ideal opportunity for either a vacation rental investment or as a full-time residence. Offering luxury in an upscale location.
Details
Contract Information
Current Price: $2,850,000
Listing Date: 2023-07-15
Listing Board: Florida Keys
Leased Price Monthly: $2,850,000
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
Species List: No
Location, Tax & Legal
Street #: 10
Direction: E
Street Name: Ocean
Street Suffix: Drive
Key/Island: Marathon
State/Province: FL
Zip Code: 33050
County: Monroe
Subdivision: Ocean East (50.0)
Area: 14 - Sombrero Area
General Property Description
Realtor.COM Type: Residential - Single Family
Style: Single Family
Waterfront: Yes
Control Depth: 4
Pool: Yes
Year Built: 1992
Total Units: 1
Lot Size: 100 x 122
Lot SqFt: 13000
Lot Sqft Source: Property Data Card
Acres: 0.29
Living Apx SqFt: 1614
SqFt Source: Survey
Total Bedrooms: 5
Full Baths: 3
Total Baths: 3
Rentals Allowed: Yes
Min Rental Days: 7
Association Info
Mandatory Home Owners Asc: Yes
Voluntary Home Owners Asc: Yes
1st Right of Refusal: No
Association Fee $: 200
Assoc/Mnt Fee Per: Yearly
License Info
Transient Rntl Licns: Yes
Dockage
Dock Length: 30
Dock: Wood
Seawall: Rip Rap
Specialty Rooms
Guest/Servant Qtrs: Non-Conforming
Building Style
Above Flood: No
# Stories: 2 Stories
Vehicle Storage
Car(s): 4+
Pool Info
Heated: Yes
Financial Status
Auction: No
Bank Owned: No
Potential Short Sale: No
Standard Sale: Yes
Status Change Info
Under Contract Date: 2024-02-02
Leased Date: 2024-03-11
Leased Price Monthly: $2,850,000
Status: Closed
Property Features
Fee Includes: Common Area Mnt
Tax Exemptions: None
Waterfront: Oceanfront; Open Water
Waterview: Ocean View; Open Water View
Property Condition: Updated/Remodeled
Vehicle Storage: Guest Parking; Off Street Parking; Open Parking; RV Parking Open; Trailer Storage
Furnished: Furnished
Cooling: Ceiling Fans(s); Central Air; Ductless; Heat Pump
Heating: Central
Utilities: Buyer to Verify; Cable Available; FKAA; Water Separate Meter
Interior Features: Built-in Cabinets; Cathedral Ceilings; Drapes/Blinds Incl; Entrance Foyer; Pantry; Quartz Countertops; Storage; Walk-in Closet(s); Whirlpool Bath Tub; Window Treatments
Pre-Wired: Cable
Specialty Rooms: Laundry Room; Utility Room; Other
Appliances: Dishwasher; Disposal; Dryer; Freezer; Ice Machine; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Trash Compactor; Washer
Exterior Features: Hot Tub; Lanai; Sandy Beach
Pool Info: In Ground; Fiberglass
Construction: CBS; Concrete
Floor: Laminate; Tile
Roof: Tile Roof
Pets: Pets Allowed
Neighborhood Feature: Beach; Fire Hydrant
Security: Electric Gate; Patrolled Area
Land Size: 1/4 - 1/2 Acre
Terms: Cash; Conventional; FHA; Seller Finance Psble; VA
Title: Negotiable
Listing Office: RE/MAX All Keys Real Estate
Last Updated: September - 01 - 2024
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.