$1,400,000
Lower Matecumbe, FL 33036
MLS# 584288
Status: Closed
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Property Description
Amazing opportunity to build a 12 unit waterfront condominium building in The Florida Keys. Excellent profit margin for a builder/developer. The condominium building was destroyed by Hurricane Irma. The building is located on a canal, with a view over Sea Oats Beach of the Atlantic Ocean. The location allows all units a direct view of either the ocean, or the canal, with partial bay views as well. 11 WATERFRONT Transferable Development Rights convey with the sale. Any sale is contingent on approval by all 12 owners. No guarantee of marketable title is made by this listing as the property is listed based upon majority but not unanimous approval. Any offer must be accepted by all 12 owners to be binding. Property is owned as ''tenants in common''.
Details
Maps
Contract Information
Current Price: $1,400,000
Listing Date: 2019-02-13
Listing Board: Florida Keys
Leased Price Monthly: $1,400,000
Limited Representation: No
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
Species List: No
Location, Tax & Legal
Street #: 74960
Street Name: Overseas
Street Suffix: Highway
Key/Island: Lower Matecumbe
State/Province: FL
Zip Code: 33036
County: Monroe
Subdivision: Sandy Point (74.5)
Area: 22 - Lower Matecumbe
General Property Description
Realtor.COM Type: Multi-Family
Waterfront: Yes
Control Depth: 4
Lot Dimensions: 215 x 100
Lot SqFt: 21500
Survey Available: No
Vegetation Survey: No
Miscellaneous Info
Mobile Home Lot: No
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Under Contract Date: 2019-06-01
Leased Date: 2019-10-18
Leased Price Monthly: $1,400,000
Status: Closed
Property Features
Tax Exemptions: None
Waterfront: Canal Front
Dockage: Boat Slip
Waterview: Bay View; Canal View; Ocean View; Open Water View
Neighborhood Feature: Beach; Community Dockage
Existing Utilities: Sewer
BuildingPermit: Active Permit; Other Permit
Terms: No Seller Finance
Property Rights: Tranfrble Dev Right
Listing Office: Blue 9 Realty, Inc.
Last Updated: March - 05 - 2025
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.