715 50Th Street Gulf, Marathon, FL 33050
$3,615,000
Property Type:
Residential
Bedrooms:
6
Baths:
7
Square Footage:
3,195
Lot Size (sq. ft.):
15,364
Status:
Closed
Current Price:
$3,615,000
List Date:
6/28/2024
Last Modified:
11/13/2024
Description
This exquisite estate, situated on a sprawling 15,000 square foot lot, is perfect for multi-family getaways, retreats, and gatherings. It also serves as a lucrative vacation rental. All set up turnkey with a great book of existing rentals showing a 2024 gross of well over 250k+ available upon request. With 6 beautifully appointed bedrooms and 6.5 bathrooms, the estate provides ample space and privacy. Three separate living quarters ensure everyone has their own private retreat. On the third floor of the main house, you'll find the luxurious master bedroom and private bathroom. Two additional bedrooms each feature their own private bathrooms and a den. The second floor features a chef's kitchen fully equipped, a spacious main living area, and a large covered patio. Attached to the main living quarters via a covered breezeway is the Casita. It has two-bedrooms, one bathroom, a cozy living room and a fully stocked kitchenette. On the ground floor, the family suite offers Bedroom 6, two full bathrooms, a living room and a dry kitchenette with a coffee bar. With its own separate entrance, this suite provides privacy. The outdoor and entertainment areas are designed for endless fun. Overlooking the pool, the air-conditioned cabana features a full wet bar and an 85'' screen TV. The covered patio and pool area include a handcrafted corn hole field, yard games, a fire pit, Jacuzzi, and a ping pong table. For boating enthusiasts, the estate boasts a 120-foot concrete dock with up to 100 feet of usable mooring area, running water, and power. The private dock accommodates most boats, and the mesmerizing dock lighting enhances the evening ambiance. Ample parking is available. Owners are selective about renters, and current gross is based on 50% occupancy, offering growth potential for different business models. Ideal for a low-maintenance second home, allowing you to truly relax. Rental website link is in agent remarks or available upon request and will transfer to new owners.
More Information MLS# 610587
Contract Information
Listing Board: Marathon/Lower Keys
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
Species List: No
Current Price: $3,615,000
Listing Date: 2024-06-28
Sold Price: $3,615,000
Location, Tax & Legal
City: MARATHON
Off Shore Island: No
Mile Marker: 49.5
Marathon Neighborhood: Old Town East (25th to Sombrero)
Side: Bay/Gulf
Flood Zone: AE-9
Alternate Key #: 9104767
Parcel #: 00327151-000100
Zoning: RM - Residential Medium
Deed Restrictions: Unknown
Legal: LOT 1 LATITUDE 24 PB7-93
Taxes: 7663.02
Tax Year: 2023
Pub Sewer HkUp: Yes
Street #: 715
Street Name: 50Th Street Gulf
Key/Island: Marathon
State/Province: FL
Zip Code: 33050
County: Monroe
Subdivision: Vaca Village (49.5)
Area: 13 - 7 Mile Bridge to Sombrero Bch Rd E & W
General Property Description
Realtor.COM Type: Residential - Single Family
Waterfront: Yes
Control Depth: 4
Lot SqFt: 15364
Pool: Yes
Lot Sqft Source: Property Data Card
Total Units: 0
Acres: 0.35
SqFt Source: Property Data Card
Rentals Allowed: Yes
Min Rental Days: 7
Style: Single Family
Year Built: 2023
Living Apx SqFt: 3195
Total Bedrooms: 6
Full Baths: 6
Half Baths: 1
Total Baths: 7
Remarks & Misc
Remarks – Consumer: This exquisite estate, situated on a sprawling 15,000 square foot lot, is perfect for multi-family getaways, retreats, and gatherings. It also serves as a lucrative vacation rental. All set up turnkey with a great book of existing rentals showing a 2024 gross of well over 250k+ available upon request. With 6 beautifully appointed bedrooms and 6.5 bathrooms, the estate provides ample space and privacy. Three separate living quarters ensure everyone has their own private retreat. On the third floor of the main house, you'll find the luxurious master bedroom and private bathroom. Two additional bedrooms each feature their own private bathrooms and a den. The second floor features a chef's kitchen fully equipped, a spacious main living area, and a large covered patio. Attached to the main living quarters via a covered breezeway is the Casita. It has two-bedrooms, one bathroom, a cozy living room and a fully stocked kitchenette. On the ground floor, the family suite offers Bedroom 6, two full bathrooms, a living room and a dry kitchenette with a coffee bar. With its own separate entrance, this suite provides privacy. The outdoor and entertainment areas are designed for endless fun. Overlooking the pool, the air-conditioned cabana features a full wet bar and an 85'' screen TV. The covered patio and pool area include a handcrafted corn hole field, yard games, a fire pit, Jacuzzi, and a ping pong table. For boating enthusiasts, the estate boasts a 120-foot concrete dock with up to 100 feet of usable mooring area, running water, and power. The private dock accommodates most boats, and the mesmerizing dock lighting enhances the evening ambiance. Ample parking is available. Owners are selective about renters, and current gross is based on 50% occupancy, offering growth potential for different business models. Ideal for a low-maintenance second home, allowing you to truly relax. Rental website link is in agent remarks or available upon request and will transfer to new owners.
Directions: Go right on 50th St Gulf from US1 southbound.
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Association Fee $: 0
Fee Includes
None: 1
Dockage
Dock: Concrete
Seawall: Concrete
Tax Exemptions
None: 1
Appliances
Dishwasher: 1
Disposal: 1
Microwave: 1
Oven: 1
Range: 1
Refrigerator: 1
Stainless Steel Appliance(s): 1
Pets
Pets Allowed: 1
Cooling
Ceiling Fans(s): 1
Central Air: 1
Waterfront
Canal Front: 1
Waterview
Bay/Gulf View: 1
Open Water View: 1
Neighborhood Feature
Airstrip: 1
Beach: 1
Bike Paths: 1
Community Boat Ramp: 1
Interior Features
Built-in Cabinets: 1
Pantry: 1
Quartz Countertops: 1
Walk-in Closet(s): 1
Building Style
Above Flood: Yes
Stilt Column Height: Tall - 10Ft & Over
Stories: 2 Stories
Windows/Doors
Impact Rstnce Doors: 1
Impact Rstnce Window: 1
Sliding Glass Doors: 1
Vehicle Storage
Car(s): 4+
Covered Parking: 1
Garage: 1
Open Parking: 1
Attached: 1
Auto Door Opener: 1
Off Street Parking: 1
Construction
CBS: 1
Combo Construction: 1
Stucco: 1
Land Size
1/4 - 1/2 Acre: 1
Furnished
Furnished: 1
Utilities
Elect Separate Meter: 1
FKAA: 1
Municipal Sewer: 1
Sewer Available: 1
Porch/Balcony
Deck: 1
Open Porch/Balcony: 1
Exterior Features
Fencing: 1
Sprinkler System: 1
Pool Info
In Ground: 1
Decked: 1
Financial Status
Auction: No
Bank Owned: No
Potential Short Sale: No
Standard Sale: Yes
Shutters
Bahama: 1
Status Change Info
Sold Date: 2024-11-12
Sold Price: $3,615,000
Status: Closed
Property Features
Fee Includes: None
Tax Exemptions: None
Waterfront: Canal Front
Waterview: Bay/Gulf View; Open Water View
Vehicle Storage: Garage; Attached; Auto Door Opener; Covered Parking; Off Street Parking; Open Parking
Furnished: Furnished
Cooling: Ceiling Fans(s); Central Air
Utilities: Elect Separate Meter; FKAA; Municipal Sewer; Sewer Available
Interior Features: Built-in Cabinets; Pantry; Quartz Countertops; Walk-in Closet(s)
Appliances: Dishwasher; Disposal; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s)
Exterior Features: Fencing; Sprinkler System
Pool Info: In Ground; Decked
Construction: CBS; Combo Construction; Stucco
Shutters: Bahama
Pets: Pets Allowed
Neighborhood Feature: Airstrip; Beach; Bike Paths; Community Boat Ramp
Land Size: 1/4 - 1/2 Acre
Listing Office:
Coldwell Banker Schmitt Real Estate Co.
Last Updated: November - 13 - 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.