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58090 Overseas Highway

Marathon, FL 33050
  • $2,239,000
  • STATUS: Active
  • ON SITE: 55 Days
  • MLS #: 607976
UPDATED: 86 min ago
$2,239,000
  • 3
    BEDS
  • 0.07
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 1,600
    SQFT
  • $1,399
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1979
County:

School Ratings & Info

Description

This exceptional ocean front multi-family triplex boasts 60 feet of beach frontage with breathtaking open water views! The property consists of three legal units: a duplex and a single-family home, each offering a cozy 1 bedroom and 1 bathroom configuration. All units are currently rented, providing immediate income potential. The duplex operates as a successful Airbnb, while the single-family home is occupied by a long-term tenant. The single-family residence is a testament to modern construction, featuring brand new CBS (Concrete Block Structure) that stands on stilts. Its metal roof, impact doors, and windows are designed to withstand Florida's unique climate. Inside, the home dazzles with tasteful finishes including a kitchen adorned with granite countertops and stainless steel appliances. The duplex has been completely renovated, mirroring the resilience of the single-family home with CBS construction on stilts. Each side has been meticulously maintained and offers comfort and style to guests and residents alike. For those looking for an even larger investment, the adjacent duplex is also for sale (MLS#606424), potentially expanding your portfolio to five adjacent units. Additional features include an assumable flood policy (approximately $5,000 annually) for the duplex, which can offer significant savings. With its current use as a vacation rental, the property is self-managed, allowing for maximum control and profitability. Whether you envision creating an exclusive staff compound or converting the duplex into a single-family dwelling (and transferring one of the building rights to another property), the possibilities are as vast as the ocean views. Don't miss the chance to own this slice of paradise in Marathon, Florida!

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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Bascom Grooms Real Estate are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.realtorkeywestfl.com/homes/146300411
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58090 Overseas Highway Marathon, FL 33050

  • Price: $2,239,000
  • Status: Active
  • On Site: 55 Days
  • Updated: 86 min ago
  • MLS #: 607976
3
Beds
3
Baths
0
½ Baths
0.07
Acres
1,600
SQFT
$1,399
$/SQFT
1979
Built
Neighborhood:
Grassy Key (58.9)
County:
Monroe
Area:
19 - Crawl Key & Grassy Key
Property Description
This exceptional ocean front multi-family triplex boasts 60 feet of beach frontage with breathtaking open water views! The property consists of three legal units: a duplex and a single-family home, each offering a cozy 1 bedroom and 1 bathroom configuration. All units are currently rented, providing immediate income potential. The duplex operates as a successful Airbnb, while the single-family home is occupied by a long-term tenant. The single-family residence is a testament to modern construction, featuring brand new CBS (Concrete Block Structure) that stands on stilts. Its metal roof, impact doors, and windows are designed to withstand Florida's unique climate. Inside, the home dazzles with tasteful finishes including a kitchen adorned with granite countertops and stainless steel appliances. The duplex has been completely renovated, mirroring the resilience of the single-family home with CBS construction on stilts. Each side has been meticulously maintained and offers comfort and style to guests and residents alike. For those looking for an even larger investment, the adjacent duplex is also for sale (MLS#606424), potentially expanding your portfolio to five adjacent units. Additional features include an assumable flood policy (approximately $5,000 annually) for the duplex, which can offer significant savings. With its current use as a vacation rental, the property is self-managed, allowing for maximum control and profitability. Whether you envision creating an exclusive staff compound or converting the duplex into a single-family dwelling (and transferring one of the building rights to another property), the possibilities are as vast as the ocean views. Don't miss the chance to own this slice of paradise in Marathon, Florida!
Exterior Features

Above Flood Yes Construction CBS Dockage None Exterior Features Detached Guest QtrsSandy BeachStorage Land Size 1/4 - 1/2 Acre Pool YN No Roof Tar/Gravel Roof Shutters Other Side Ocean Stilt Column Height Medium - 5Ft - 9Ft Stories 2 Stories Style Multi-Units Vehicle Storage Covered ParkingOff Street ParkingGuest Parking Waterfront Oceanfront Waterfront YN Yes Waterview Ocean View

Interior Features

Appliances OvenRefrigeratorRange Appliances Other YES Cooling Heating Wall/Window Unit(s) Floor Tile Specialty Rooms Laundry Room Windows Doors Other Windows/Doors

Property Features

Assoc Fee 0.00 Assoc Hoa YN No Assoc Right Of Refusal No Auction No Bank Owned No Bank Owned Financial Status No City MARATHON Control Depth 2 Deed Restrictions Unknown Fee Includes None Flood Zone VE-13 Listing Board Marathon/Lower Keys Mile Marker 58.90 Neighborhood Features Beach Off Shore Island No Pets With Restrictions YES Potential Short Sale No Potential Short Sale Financial Status No Public Sewer Hookup No Rentals Allowed With Restrictions Species List No Sq Ft Source Property Data Card Tax Exemptions None Tax Year 2023 Taxes 10131.60 Utilities Elect Separate MeterWater Separate MeterMunicipal SewerFKAA Zoning RM - Residential Medium

Listing courtesy of Samuel Williams of Coldwell Banker Schmitt Real Estate Co.: (305) 743-5181.


The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Bascom Grooms Real Estate are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
 
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Bascom Grooms Real Estate
1110 Truman Ave
Key West FL, 33040