2264 Overseas Highway, Marathon, FL 33050
$8,650,000
Property Type:
Commercial
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
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.
More Information MLS# 598993
Contract Information
Listing Board: Marathon/Lower Keys
Limited Representation: No
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
For Sale/Lease: For Sale
Species List: No
Current Price: $8,650,000
Listing Date: 2021-12-29
Sold Price: $8,650,000
Location, Tax & Legal
City: MARATHON
Off Shore Island: No
Mile Marker: 49
Marathon Neighborhood: Old Town West (11th to 25th)
Side: Bay/Gulf
Flood Zone: AE,AE,VE
Alternate Key #: 1119491
Parcel #: 00102290-000000
Zoning: MU - Mixed Use Commercial Mixed Use
Legal: 9 66 32 KEY VACCAS PT LOT 1 AND ADJ PT R-O-W OR71-43 OR73-462 OR499-151/52 OR499-154/55 OR570-338E OR775-977 OR944-192QC
Taxes: 35751.58
Tax Year: 2021
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
General Property Description
Realtor.COM Type: Commercial
Waterfront: Yes
Control Depth: 5
Lot Size: 144*93
Lot SqFt: 60306
Total Units: 0
SqFt Source: Tax Records
Total # Buildings: 9
Building SqFt: 2304
Style: Commercial
Year Built: 1953
Total Bedrooms: 32
Full Baths: 24
Total Baths: 24
Remarks & Misc
Remarks – Consumer: 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.
Directions: US-1 South, property is on right hand side just after Marriott in Marathon
Deed Restrictions
No: 1
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Type
Hotel/Motel: 1
Other Comrcl Style: 1
Fee Includes
None: 1
Dockage
Dock: Wood
Dock Privileges: 1
Appliances
Dishwasher: 1
Disposal: 1
Dryer: 1
Range: 1
Refrigerator: 1
Washer: 1
Property Info
# Kitchens: 8
# Refrigerators: 8
# Range/Ovens: 8
# Washers: 8
# Dryers: 8
# Dishwashers: 8
4 Bed/Bath: 8
Cooling
Ceiling Fans(s): 1
Heat Pump: 1
Waterfront
Bay Front: 1
Gulf Front: 1
Open Water: 1
Waterview
Bay/Gulf View: 1
Open Water View: 1
Floor
Tile: 1
Interior Features
Drapes/Blinds Incl: 1
Furnished: 1
Laundry Room: 1
Smoke Alarms: 1
Window Treatments: 1
Windows/Doors
Impact Rstnce Doors: 1
Impact Rstnce Window: 1
Vehicle Storage
Carport: 1
Covered Parking: 1
Construction
Combo Construction: 1
Concrete: 1
Other: 1
Land Size
2 Less Than 5 Acres: 1
Utilities
Buyer to Verify: 1
Miscellaneous
Chickee Hut: 1
Fencing: 1
High Visibility: 1
Highway Frontage: 1
Open Water View: 1
Pool: 1
Storage: 1
Utility Building: 1
Roof
Metal Roof: 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Tenant Paid
Tnt Pays No Utils: 1
Status Change Info
Sold Date: 2022-03-04
Sold Price: $8,650,000
Status: Closed
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
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