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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

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

Current Price: $3,615,000 Listing Date: 2024-06-28 Listing Board: Marathon/Lower Keys Sold Price: $3,615,000 As is Rght to Inspct: Yes Potential Short Sale: No Bank Owned: No Species List: No

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

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: 1 Total Baths: 7 Rentals Allowed: Yes Min Rental Days: 7

Status Change Info

Under Contract Date: 2024-10-02 Sold Date: 2024-11-12 Sold Price: $3,615,000 Status: Closed

Association Info

Mandatory Home Owners Asc: No 1st Right of Refusal: No

Dockage

Dock: Concrete Seawall: Concrete

Building Style

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

Vehicle Storage

Car(s): 4+

Financial Status

Auction: No Bank Owned: No Potential Short Sale: No Standard Sale: 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.

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