2264 Overseas Highway, Marathon, FL 33050
$8,650,000
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
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
Current Price: $8,650,000
Listing Date: 2021-12-29
Listing Board: Marathon/Lower Keys
Sold Price: $8,650,000
Limited Representation: No
As is Rght to Inspct: Yes
For Sale/Lease: For Sale
Potential Short Sale: No
Bank Owned: No
Species List: No
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
General Property Description
Realtor.COM Type: Commercial
Style: Commercial
Lot Size: 144*93
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
Sold Date: 2022-03-04
Sold Price: $8,650,000
Status: Closed
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
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.