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
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.
More Information MLS# 598912
Contract Information
Listing Board: Key West Association
Limited Representation: No
Potential Short Sale: No
Bank Owned: No
For Sale/Lease: For Sale
Current Price: $6,450,000
Listing Date: 2021-12-22
Sold Price: $6,450,000
Location, Tax & Legal
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
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
General Property Description
Realtor.COM Type: Commercial
Waterfront: Yes
Control Depth: 3
Lot Size: 207,057
Lot SqFt: 207057
Total Units: 8
# Parking Spaces: ample
Off Street Parking: yes
SqFt Source: Seller
Building SqFt: 3400
Style: Commercial
Living Apx SqFt: 3400
Year Built: 1938
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.
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Type
Other Comrcl Style: 1
Other Services: 1
Fee Includes
Other: 1
Dockage
Dock: Wood
Waterfront
Bay Front: 1
Waterview
Bay/Gulf View: 1
Construction
Combo Construction: 1
Land Size
2 Less Than 5 Acres: 1
Utilities
FKAA: 1
Municipal Sewer: 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Sold Date: 2023-10-11
Sold Price: $6,450,000
Status: Closed
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
Documents
1622 MLS-NDA-CA ›
Listing Office:
RE/MAX Keys Connection (KW)
Last Updated: September - 09 - 2024
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