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58622 Overseas Highway

Marathon, FL 33050
  • $1,225,000
  • STATUS: Active
  • ON SITE: 225 Days
  • MLS #: 607032
Price Reduced
UPDATED: 67 min ago
$1,225,000
  • 0
    BEDS
  • 0.55
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Description

Prestigious millionaire row with beautiful sun rises every day. You have unobstructed views of the Atlantic Ocean, 60 ft of shoreline & 24k sq ft of uplands. Lot is 60'x 395' deep. You can have ocean views in multiple rooms on multiple levels. Natural trees and fencing create privacy, and there is a marina across the street. Property conveys with house plans recently approved by the city of Marathon and are ready to be sent off to DEO therefore reducing wait time to break ground. Plans are for a 4,630-sf home with 9632 sqft under roof with 6 bedroom, 5.5 bath home with 4 ensuites, Double laundry rooms 1 on each floor, a game room/possible 7th bedroom, pool, and large garage, original quote was 2.1 million to build. For under 3.5 million you could have an exceptional home well below market value! A home very similar just sold for 5.5 million. Houses of this magnitude rent from 17K-25K a week in peak season, which would provide a nice investment. Price for the lot includes 1TBR, however there is another TBR on property that can be purchased in addition. See MLS#607040. 2 homes can be built on this site buyer to verify with the city of Marathon. These building rights do not expire, are not subject to a 2023 deadline or building moratorium. Build two rental houses on the compound and double the rentals! Could make over a million a year in rental income if done correctly. This property has so many possibilities. Attached are the layout and survey so you can see where the house can be built and give an idea of how much space is here, can get close to water and guarantee an unobstructed western view of the ocean for a depth on property of 50 feet! We can build back to the existing location of the house. The property's oceanfront location offers unparalleled natural beauty and provides access to a wide range of water activities. Don't miss out on this exceptional opportunity to own a piece of oceanfront paradise.

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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 Expert Realty are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.keywestexperts.com/homes/144408042
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58622 Overseas Highway Marathon, FL 33050

  • Price: $1,225,000
  • Status: Active
  • On Site: 225 Days
  • Updated: 67 min ago
  • MLS #: 607032
0
Beds
0
Baths
0
½ Baths
0.55
Acres
Neighborhood:
Crains Sub (58.0)
County:
Monroe
Area:
19 - Crawl Key & Grassy Key
Property Description
Prestigious millionaire row with beautiful sun rises every day. You have unobstructed views of the Atlantic Ocean, 60 ft of shoreline & 24k sq ft of uplands. Lot is 60'x 395' deep. You can have ocean views in multiple rooms on multiple levels. Natural trees and fencing create privacy, and there is a marina across the street. Property conveys with house plans recently approved by the city of Marathon and are ready to be sent off to DEO therefore reducing wait time to break ground. Plans are for a 4,630-sf home with 9632 sqft under roof with 6 bedroom, 5.5 bath home with 4 ensuites, Double laundry rooms 1 on each floor, a game room/possible 7th bedroom, pool, and large garage, original quote was 2.1 million to build. For under 3.5 million you could have an exceptional home well below market value! A home very similar just sold for 5.5 million. Houses of this magnitude rent from 17K-25K a week in peak season, which would provide a nice investment. Price for the lot includes 1TBR, however there is another TBR on property that can be purchased in addition. See MLS#607040. 2 homes can be built on this site buyer to verify with the city of Marathon. These building rights do not expire, are not subject to a 2023 deadline or building moratorium. Build two rental houses on the compound and double the rentals! Could make over a million a year in rental income if done correctly. This property has so many possibilities. Attached are the layout and survey so you can see where the house can be built and give an idea of how much space is here, can get close to water and guarantee an unobstructed western view of the ocean for a depth on property of 50 feet! We can build back to the existing location of the house. The property's oceanfront location offers unparalleled natural beauty and provides access to a wide range of water activities. Don't miss out on this exceptional opportunity to own a piece of oceanfront paradise.
Exterior Features

Dockage None Land Size 1/2 - Less Than 1 AC Location Site Cleared SiteWater Frontage Side Ocean Vegetation Survey No Waterfront OceanfrontOpen Water Waterfront YN Yes Waterview Ocean ViewOpen Water View

Property Features

Assoc Hoa YN No Assoc Right Of Refusal No Bank Owned No Bank Owned Financial Status No City MARATHON Control Depth 1 Deed Restrictions Unknown Flood Zone VE-13 Legal BK 1 LT 10 AND ADJ BAY BOTTOM CRAINS SUBD OF GRASSY KEY PB-51 PT SECS 24-25-26 TWP 65S R 33E Listing Board Marathon/Lower Keys Mile Marker 58.00 Mobile Home Lot No Off Shore Island No Potential Short Sale No Potential Short Sale Financial Status No Rogo With Letter Yes Species List Yes Survey Available Yes Tax Exemptions None Tax Year 2022 Taxes 11328.42 Total Lots 1.00 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 Expert Realty are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
 
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517 Duval Street #205
Key West FL, 33040