$1,225,000 $6,576 est/mo Sourced by Back At You

58622 Overseas Highway,MARATHON, FL 33050

MARATHON FL, 33050

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Description

Prestigious millionaire row with beautiful sun rises every day. You have unobstructed views of the Atlantic Ocean, 60 ft of shoreline & 24k sq ft of uplands. Lot is 60'x 395' deep. You can have ocean views in multiple rooms on multiple levels. Natural trees and fencing create privacy, and there is a marina across the street. Property conveys with house plans recently approved by the city of Marathon and are ready to be sent off to DEO therefore reducing wait time to break ground. Plans are for a 4,630-sf home with 9632 sqft under roof with 6 bedroom, 5.5 bath home with 4 ensuites, Double laundry rooms 1 on each floor, a game room/possible 7th bedroom, pool, and large garage, original quote was 2.1 million to build. For under 3.5 million you could have an exceptional home well below market value! A home very similar just sold for 5.5 million. Houses of this magnitude rent from 17K-25K a week in peak season, which would provide a nice investment. Price for the lot includes 1TBR, however there is another TBR on property that can be purchased in addition. See MLS#607040. 2 homes can be built on this site buyer to verify with the city of Marathon. These building rights do not expire, are not subject to a 2023 deadline or building moratorium. Build two rental houses on the compound and double the rentals! Could make over a million a year in rental income if done correctly. This property has so many possibilities. Attached are the layout and survey so you can see where the house can be built and give an idea of how much space is here, can get close to water and guarantee an unobstructed western view of the ocean for a depth on property of 50 feet! We can build back to the existing location of the house. The property's oceanfront location offers unparalleled natural beauty and provides access to a wide range of water activities. Don't miss out on this exceptional opportunity to own a piece of oceanfront paradise.

Details

MLS#607032
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site281
Listing Provided ByColdwell Banker Schmitt Real Estate Co. | Samuel Davis Williams

Features

ZoningRM - Residential Medium
Acreage0.55
Water FrontYes
Property ViewOpen Water View, Ocean

Market Activity 33050

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Florida Keys Board of Realtors.

The data relating to real estate for sale on this web site come s in part from the Internet Data Exchange program of the Marathon and Lower Keys Association of REALTORS®, Inc. MLS. Real Estate listings held by brokerage firms other than Coldwell Banker Schmitt are marked with the MLS logo and detailed information about them includes the name of the listing broker’s office.

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Listings Checked: 3 minutes ago
StateFL
CountyMonroe
CityMARATHON
Zip Code33050
Area19 Crawl Key & Grassy Key
Community NameCrains Sub (58.0)
Listing VS Median (in Crains Sub (58.0))
Price:
$1,225,000
low | high
Med:
$1,712,000
10.244897959184% of Average
On Site:
281
low | high
Med:
221.500000
100% of Average
Sourced by Back At You
Listing Updated: July 8, 2024 at 12:42:31 PM PDT