$1,800,000 $9,663 est/mo Sourced by Back At You

58234 Overseas Highway,Marathon, FL 33050

Marathon FL, 33050

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Description

Very unique property in the old Keys Style. 5 Building Rights on this 18,000 sq ft Oceanfront parcel on Grassy Key, with Bay Bottom and a boat ramp (shared with adjoining parcel) City of Marathon has approved a Letter of Determination for five (5) building rights (TBR's) upon the property, however Letter is currently in review period by Florida Department of Commerce (Formerly DEO) with an appeal date of 4/25/24. Property currently contains a Triplex with a 2/2 apt and two 1 bed/1 bath apts; a small studio with 1 bath, and a mobile home with 2 beds/1.5 baths. Triplex was inspected and found to be unsafe structure. It CAN NOT be occupied. Seller has been advised he could possibly repair the building within the guidelines of the City's Substantial Improvement ordinance but Buyer needs to verify this. Should a Buyer decide to demolish the triplex density requirements would limit the number of units that could be rebuilt. Current zoning and density should allow for two units to be built on the property. A buyer might choose to demolish the triplex and leave mobile home and studio unit in place...and keep the remaining three (3) TBRs.

Details

MLS#609161
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Year1975
Days On Site76
Listing Provided ByColdwell Banker Schmitt Real Estate Co. | Joshua Mothner

Features

Bed(s)7
Bath(s) 7 Total
SQ Feet2,190
Units5
ZoningRM - Residential Medium
Acreage0.18
Water FrontYes

Market Activity 33050

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Florida Keys Board of Realtors.

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 Key Colony Beach Realty, Inc. are marked with the MLS logo and detailed information about them includes the name of the listing broker’s office.

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Listings Checked: 47 seconds ago
StateFL
CountyMonroe
CityMarathon
Zip Code33050
Area19 Crawl Key & Grassy Key
Community NameCrains Sub (58.0)
Listing VS Median (in Crains Sub (58.0))
Price:
$1,800,000
low | high
Med:
$1,800,000
50% of Average
SqFt:
2,190
low | high
Med:
2,190
50% of Average
$ / SqFt:
$822
low | high
Med:
$822
50% of Average
On Site:
76
low | high
Med:
76.000000
100% of Average
Sourced by Back At You
Listing Updated: March 12, 2024 at 4:36:21 PM PDT