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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

Overview

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 fu ...

Listing Details MLS# 610587

Location, Tax & Legal

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
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

Contract Information

Listing Board
Marathon/Lower Keys
As is Rght to Inspct
Yes
Potential Short Sale
No
Bank Owned
No
Species List
No

General Property Description

Realtor.COM Type
Residential - Single Family
Style
Single Family
Waterfront
Yes
Control Depth
4
Pool
Yes
Year Built
2023
Lot SqFt
15364
Lot Sqft Source
Property Data Card
Acres
0.35
Living Apx SqFt
3195
SqFt Source
Property Data Card
Total Bedrooms
6
Full Baths
6
Half Baths
Yes
Total Baths
7
Rentals Allowed
Yes
Min Rental Days
7
Total Units
0

Status Change Info

Sold Date
2024-11-12

Association Info

Mandatory Home Owners Asc
No
1st Right of Refusal
No
Association Fee $
0

Dockage

Dock
Concrete
Seawall
Concrete

More Information

Building Style

Above Flood
Yes
Stilt Column Height
Tall - 10Ft & Over
Stories
2 Stories

Vehicle Storage

Car(s)
4+
Covered Parking
Yes
Garage
Yes
Open Parking
Yes
Attached
Yes
Auto Door Opener
Yes
Off Street Parking
Yes

Financial Status

Auction
No
Bank Owned
No
Potential Short Sale
No
Standard Sale
Yes

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.

Fee Includes

None
Yes

Tax Exemptions

None
Yes

Appliances

Dishwasher
Yes
Disposal
Yes
Microwave
Yes
Oven
Yes
Range
Yes
Refrigerator
Yes
Stainless Steel Appliance(s)
Yes

Pets

Pets Allowed
Yes

Cooling

Ceiling Fans(s)
Yes
Central Air
Yes

Waterfront

Canal Front
Yes

Waterview

Bay/Gulf View
Yes
Open Water View
Yes

Neighborhood Feature

Airstrip
Yes
Beach
Yes
Bike Paths
Yes
Community Boat Ramp
Yes

Interior Features

Built-in Cabinets
Yes
Pantry
Yes
Quartz Countertops
Yes
Walk-in Closet(s)
Yes

Windows/Doors

Impact Rstnce Doors
Yes
Impact Rstnce Window
Yes
Sliding Glass Doors
Yes

Construction

CBS
Yes
Combo Construction
Yes
Stucco
Yes

Land Size

1/4 - 1/2 Acre
Yes

Furnished

Furnished
Yes

Utilities

Elect Separate Meter
Yes
FKAA
Yes
Municipal Sewer
Yes
Sewer Available
Yes

Porch/Balcony

Deck
Yes
Open Porch/Balcony
Yes

Exterior Features

Fencing
Yes
Sprinkler System
Yes

Pool Info

In Ground
Yes
Decked
Yes

Shutters

Bahama
Yes

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.