1 47Th Street Gulf, Marathon, FL 33050 (MLS# 600263)

1 47Th Street Gulf, Marathon, FL 33050

$4,800,000

Property Type: Commercial Bedrooms: 3 Baths: 4 Lot Size (sq. ft.): 50,080 Status: Closed

Current Price: $4,800,000 List Date: 8/18/2022 Last Modified: 9/10/2024

Overview

Description

Unique Gulf side waterfront, income producing property, consisting of a custom built ''Keys style'' single family home, 900 ft pier, bay bottom,13 boat slips, 4 RV lots, 2 fixed mobile home lots with long term tenants in place. Main residence would make great vacation rental. 9%+ cap rate on entire leased property. New 15,000 lb boat lift. Tiki. Roof 2016.

Listing Details MLS# 600263

Location, Tax & Legal

Street #: Yes
Street Name: 47Th Street Gulf
Key/Island: Marathon
State/Province: FL
Zip Code: 33050
Subdivision: Thompson & Adams Sub (49.5)
County: Monroe
Area: 13 - 7 Mile Bridge to Sombrero Bch Rd E & W
City: MARATHON
Off Shore Island: No
Mile Marker: 49.5
Marathon Neighborhood: Old Town East (25th to Sombrero)
Side: Bay/Gulf
Flood Zone: VE,AE,VE,VE,VE
Alternate Key #: 1120529
Parcel #: 00103270-000000
Zoning: MU - Mixed Use Commercial Mixed Use
Legal: SUB OF GOVT LOT 1 - PT LOT 1 & LOT 2 (PARCEL 1) AND BAY BTM N OF LOT 1 PB2-24 THOMPSON-ADMS SUB FILLED BAY BTM .76AC AND
Taxes: 22290.89
Tax Year: 2021

Contract Information

Listing Board: Marathon/Lower Keys
Limited Representation: No
As is Rght to Inspct: Yes
For Sale/Lease: For Sale
Potential Short Sale: No
Bank Owned: No
Species List: No

General Property Description

Realtor.COM Type: Commercial
Style: Commercial
Lot SqFt: 50080
Waterfront: Yes
Control Depth: 5
Business Name: Hurricane Harbor
Year Established: 1990-01-01
# Stories: 2
Total # Buildings: Yes
Building SqFt: 3734
SqFt Source: Property Data Card
Year Built: 1990
Total Bedrooms: 3
Full Baths: 4
Total Baths: 4

Status Change Info

Sold Date: 2022-09-06

License Info

# of County License: Yes

Association Info

Mandatory Home Owners Asc: No
1st Right of Refusal: No

More Information

Property Info

# Boat Slips: 13
# Kitchens: 3
# Refrigerators: 3
# Range/Ovens: 3
# Washers: Yes
# Dryers: Yes
# Dishwashers: Yes
1 Bed/Bath: Yes
3 Bed/Bath: Yes

Dockage

Dock: Concrete
Seawall: Concrete
Boat Lift: Yes
Boat Slip: Yes
Other Dockage: Yes

Auction Info

Auction: No

Financial Status

Bank Owned: No
Potential Short Sale: No

Remarks & Misc

Remarks – Consumer: Unique Gulf side waterfront, income producing property, consisting of a custom built ''Keys style'' single family home, 900 ft pier, bay bottom,13 boat slips, 4 RV lots, 2 fixed mobile home lots with long term tenants in place. Main residence would make great vacation rental. 9%+ cap rate on entire leased property. New 15,000 lb boat lift. Tiki. Roof 2016.
Directions: U.S. 1 to 47th Street Gulf, gated property at the very end of street.

Deed Restrictions

No: Yes

Type

Marina: Yes
Other Comrcl Style: Yes

Fee Includes

None: Yes

Accounts & Meters

# Sewer Accounts: Yes
# Water Meters: 2
# Electric Meters: 3

Appliances

Dishwasher: Yes
Dryer: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Cooling

Ceiling Fans(s): Yes
Central Air: Yes
Heat: Yes
Wall/Window Unit(s): Yes

Waterfront

Bay Front: Yes
Canal Front: Yes
Gulf Front: Yes
Open Water: Yes

Electric

220 Volt: Yes
Circuit Breakers: Yes
Other Electric: Yes

Waterview

Bay/Gulf View: Yes
Open Water View: Yes

Floor

Tile: Yes
Wood: Yes

Interior Features

Cathedral Ceilings: Yes
Drapes/Blinds Incl: Yes
Laundry Room: Yes
Pantry: Yes
Whirlpool Bath Tub: Yes

Windows/Doors

Glass Doors: Yes
Other Windows/Doors: Yes
Single Hung Windows: Yes

Vehicle Storage

Guest Parking: Yes
Common Parking: Yes

Construction

CBS: Yes
Manufactured: Yes

Land Size

1/2 - Less Than 1 AC: Yes

Terms

No Seller Finance: Yes

Utilities

FKAA: Yes
Municipal Sewer: Yes
Separate Meters: Yes

Title

Negotiable: Yes

Miscellaneous

Chickee Hut: Yes
Handicap Access: Yes
Open Water View: Yes
Patio: Yes
Residence on Premise: Yes
Storage: Yes
Utility Building: Yes

Roof

Metal Roof: Yes

Shutters

Accordion: Yes
Panel: Yes

Tenant Paid

Electric: Yes
Tnt Pays No Utils: Yes

Property Features

Deed Restrictions: No Type: Marina; Other Comrcl Style Waterfront: Bay Front; Canal Front; Gulf Front; Open Water Waterview: Bay/Gulf View; Open Water View Dockage: Boat Lift; Boat Slip; Other Dockage Vehicle Storage: Common Parking; Guest Parking Cooling: Ceiling Fans(s); Central Air; Heat; Wall/Window Unit(s) Utilities: FKAA; Municipal Sewer; Separate Meters Interior Features: Cathedral Ceilings; Drapes/Blinds Incl; Laundry Room; Pantry; Whirlpool Bath Tub Appliances: Dishwasher; Dryer; Range; Refrigerator; Washer Miscellaneous: Chickee Hut; Handicap Access; Open Water View; Patio; Residence on Premise; Storage; Utility Building Construction: CBS; Manufactured Electric: 220 Volt; Circuit Breakers; Other Electric Shutters: Accordion; Panel Floor: Tile; Wood Roof: Metal Roof Land Size: 1/2 - Less Than 1 AC Fee Includes: None Terms: No Seller Finance Title: Negotiable Tenant Paid: Electric; Tnt Pays No Utils

Listing Office: Florida Keys Real Estate Group

Last Updated: September - 10 - 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.