2264 Overseas Highway, Marathon, FL 33050 (MLS# 598993)

2264 Overseas Highway, Marathon, FL 33050

$8,650,000

virtual-tour-303954-mls-high-res-image-0

virtual-tour-303954-mls-high-res-image-1

virtual-tour-303954-mls-high-res-image-2

virtual-tour-303954-mls-high-res-image-3

virtual-tour-303954-mls-high-res-image-4

virtual-tour-303954-mls-high-res-image-5

virtual-tour-303954-mls-high-res-image-6

virtual-tour-303954-mls-high-res-image-7

virtual-tour-303954-mls-high-res-image-8

virtual-tour-303954-mls-high-res-image-9

Property Type: Commercial Sale Bedrooms: 32 Baths: 24 Lot Size (sq. ft.): 60,306 Status: Closed

Current Price: $8,650,000 List Date: 1/01/2022 Last Modified: 12/03/2024

Overview

Description

Built in 2018, turnkey waterfront development comprised of eight single family houses currently licensed as weekly vacation rentals, each with four bedrooms and three full bathrooms, built to current windstorm standards. Each home is designed for guests to enjoy their own private pool, laundry, outdoor grill area, covered parking and balconies. Excellent rental history and future bookings with tremendous growth opportunity. This vacation rental compound was built to maximize income and minimize overhead. Guests can enjoy the community beach, kayak launch, docks, tiki hut, fish cleaning station, plus nearby amenities including tons of local dining options, two popular beaches, two major marinas and Marathon Airport. This property is only one hour from the Key West airport and 2.5 hours from the Miami airport. Monthly rental rates currently average $12,400/mo for each unit 1-5 and $16,500/mo for each unit 6-8.

Listing Details MLS# 598993

Location, Tax & Legal

Street #: 2264
Street Name: Overseas
Street Suffix: Highway
Key/Island: Marathon
State/Province: FL
Zip Code: 33050
Subdivision: Misc Marathon West (49.0)
County: Monroe
Area: 13 - 7 Mile Bridge to Sombrero Bch Rd E & W

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: 60306
Waterfront: Yes
Control Depth: 5
Total # Buildings: 9
Building SqFt: 2304
SqFt Source: Tax Records
Year Built: 1953
Total Bedrooms: 32
Full Baths: 24
Total Baths: 24

Status Change Info

Under Contract Date: 2022-02-14
Leased Date: 2022-03-04

Association Info

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

Property Info

# Kitchens: 8
# Refrigerators: 8
# Range/Ovens: 8
# Washers: 8
# Dryers: 8
# Dishwashers: 8
4 Bed/Bath: 8

More Information

Dockage

Dock: Wood

Financial Status

Bank Owned: No
Potential Short Sale: No

Property Features

Deed Restrictions: No Type: Hotel/Motel; Other Comrcl Style Waterfront: Bay Front; Gulf Front; Open Water Waterview: Bay/Gulf View; Open Water View Dockage: Dock Privileges Vehicle Storage: Carport; Covered Parking Cooling: Ceiling Fans(s); Heat Pump Utilities: Buyer to Verify Interior Features: Drapes/Blinds Incl; Furnished; Laundry Room; Smoke Alarms; Window Treatments Appliances: Dishwasher; Disposal; Dryer; Range; Refrigerator; Washer Miscellaneous: Chickee Hut; Fencing; High Visibility; Highway Frontage; Open Water View; Pool; Storage; Utility Building Construction: Combo Construction; Concrete; Other Floor: Tile Roof: Metal Roof Land Size: 2 Less Than 5 Acres Fee Includes: None Tenant Paid: Tnt Pays No Utils

Documents

NDA - Required ›

Listing Office: Engel & Völkers Marathon

Last Updated: December - 03 - 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.