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1622 Overseas Highway, Marathon, FL 33050

$6,450,000
Property Type: Commercial Square Footage: 3,400 Lot Size (sq. ft.): 207,057 Status: Closed
Current Price: $6,450,000 List Date: 12/22/2021 Last Modified: 9/09/2024

Overview

Description

Incredible Waterfront Development opportunity Bayside in Marathon. 3.65 Acres of Bayside Uplands plus 1.1 Acre of environmentally sensitive land. Private boat basin with 10 or more boat docks able to accommodate up to 36' Vessels. Recent City of Marathon approval for 8 Waterfront units, 6 market rate and 2 Transient Dwelling units. See uploaded docs. Current plans available call for a Gated community with eight 3,500 sf. Waterfront Estate Homes each 2 story, 4bd/4.5 bath with separate 2bd/2.5ba Guesthouse. Each home will have private pools, parking, massive decks and porches. Compound would include tennis courts and a shared conference room. In addition, approval for 3,400 sf. of Commercial Transferrable Building Rights (TBR's) which will be separate from the residential development with a wall and heavy tropical landscaping. Owner may consider Seller financing to qualified buyer.

Listing Details MLS# 598912

Location, Tax & Legal

Street #
1622
Street Name
Overseas
Street Suffix
Highway
Key/Island
Marathon
State/Province
FL
Zip Code
33050
Subdivision
Harbor Isle (48.5)
County
Monroe
Area
13 - 7 Mile Bridge to Sombrero Bch Rd E & W
City
MARATHON
Off Shore Island
No
Mile Marker
48.5
Marathon Neighborhood
Old Town East (25th to Sombrero)
Side
Bay/Gulf
Flood Zone
AE,VE,AE
Alternate Key #
1119806
Parcel #
00102600-000000
Zoning
MU - M - Mixed Use - Maritime
Legal
9 66 32 KEY VACCAS PT LOT 2 & BAY BOTTOM NORTH OF & ADJ TO PT GOV LOT 2 G6-396 G9-572/73 G24-315 G59-297/98(II DEED 1984
Taxes
35573.89
Tax Year
2021

Contract Information

Listing Board
Key West Association
Limited Representation
No
For Sale/Lease
For Sale
Potential Short Sale
No
Bank Owned
No

General Property Description

Realtor.COM Type
Commercial
Style
Commercial
Lot SqFt
207057
Waterfront
Yes
Control Depth
3
# Parking Spaces
ample
Off Street Parking
yes
Building SqFt
3400
SqFt Source
Seller
Living Apx SqFt
3400
Total Units
8
Year Built
1938

Status Change Info

Sold Date
2023-10-11

Association Info

Mandatory Home Owners Asc
No
1st Right of Refusal
No

Dockage

Dock
Wood

More Information

Financial Status

Bank Owned
No
Potential Short Sale
No

Remarks & Misc

Remarks – Consumer
Incredible Waterfront Development opportunity Bayside in Marathon. 3.65 Acres of Bayside Uplands plus 1.1 Acre of environmentally sensitive land. Private boat basin with 10 or more boat docks able to accommodate up to 36' Vessels. Recent City of Marathon approval for 8 Waterfront units, 6 market rate and 2 Transient Dwelling units. See uploaded docs. Current plans available call for a Gated community with eight 3,500 sf. Waterfront Estate Homes each 2 story, 4bd/4.5 bath with separate 2bd/2.5ba Guesthouse. Each home will have private pools, parking, massive decks and porches. Compound would include tennis courts and a shared conference room. In addition, approval for 3,400 sf. of Commercial Transferrable Building Rights (TBR's) which will be separate from the residential development with a wall and heavy tropical landscaping. Owner may consider Seller financing to qualified buyer.

Type

Other Comrcl Style
Yes
Other Services
Yes

Fee Includes

Other
Yes

Waterfront

Bay Front
Yes

Waterview

Bay/Gulf View
Yes

Construction

Combo Construction
Yes

Land Size

2 Less Than 5 Acres
Yes

Utilities

FKAA
Yes
Municipal Sewer
Yes

Property Features

Type: Other Comrcl Style; Other Services Waterfront: Bay Front Waterview: Bay/Gulf View Utilities: FKAA; Municipal Sewer Construction: Combo Construction Land Size: 2 Less Than 5 Acres Fee Includes: Other
Listing Office: RE/MAX Keys Connection (KW)
Last Updated: September - 09 - 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.