$2,600,000
Marathon, FL 33050
MLS# 578332
Status: Closed
6 beds | 5 baths | 4212 sqft
1 / 25
Property Description
REHAB or REDEVELOP...RARE opportunity to own a 3+ acre direct ocean front parcel in the “Heart of Marathon”. This parcel runs from US #1 all the way to the Atlantic, PLUS .8 acres of deeded bay bottom. Many possibilities for this unique oceanfront parcel from private ocean front estate to redevelopment. Currently zoned as Residential Multi-Family Less Than 10 Units, property has a 2,592 sf 3bd/2ba ocean front home and Tri-Plex (3) 1bd/1ba units allowing for 4 existing building rights. Featuring a deep water boat basin and concrete seawall. Over 200 ft of water frontage with beautiful open water views. US #1 frontage is suitable for re-zoning based on properties on each side already zoned commercial. Hurricane damage from Irma, property is being sold AS IS, seller is not making any repairs.
Details
Maps
Documents
Contract Information
Current Price: $2,600,000
Listing Date: 2018-01-18
Listing Board: Marathon/Lower Keys
Leased Price Monthly: $2,600,000
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
Species List: No
Location, Tax & Legal
Street #: 765
Street Name: 107Th Street Ocean
Key/Island: Marathon
State/Province: FL
Zip Code: 33050
County: Monroe
Subdivision: S Marathon Shores (52.5)
Area: 16 - Sombrero Bch Rd to Vaca Cut - Oceanside
General Property Description
Realtor.COM Type: Residential - Single Family
Style: Multi-Units
Waterfront: Yes
Control Depth: 5
Pool: Yes
Year Built: 1958
Total Units: 4
Lot SqFt: 123161
Living Apx SqFt: 4212
SqFt Source: Property Data Card
Total Bedrooms: 6
Full Baths: 5
Total Baths: 5
Rentals Allowed: Yes
Min Rental Days: 7
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Dockage
Dock Length: 130
Dock: Wood
Seawall: Concrete
Building Style
Above Flood: No
# Stories: 1 Story
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Under Contract Date: 2018-09-25
Leased Date: 2018-12-17
Leased Price Monthly: $2,600,000
Status: Closed
Property Features
Fee Includes: None
Tax Exemptions: Homestead
Waterfront: Oceanfront; Open Water
Waterview: Ocean View; Open Water View
Building Style: Ground Level
Vehicle Storage: Garage; Attached; Guest Parking; Off Street Parking; Open Parking; RV Parking Open; Trailer Storage
Furnished: Negotiable
Utilities: Elect Separate Meter; FKAA; Municipal Sewer
Interior Features: Cathedral Ceilings; Dade County Pine; Fireplace(s); Split Bedroom; Storage
Appliances: Dryer; Oven; Range; Refrigerator; Washer
Pool Info: Concrete
Construction: CBS
Land Size: 2 Less Than 5 Acres
Title: Negotiable
City of Marathon Letter 765 107th 
Listing Office: Ocean Sotheby's International
Last Updated: September - 02 - 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.