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75971 Overseas Highway, Lower Matecumbe, FL 33036

$2,700,000
Property Type: Residential Bedrooms: 4 Baths: 5 Square Footage: 6,065 Lot Size (sq. ft.): 42,253 Status: Closed
Current Price: $2,700,000 List Date: 10/15/2020 Last Modified: 9/03/2024

Description

GREAT NEW PRICE! Beachfront Estate & Income Property! A successful weekly vacation rental, 'Turtle Nest Estate' has achieved an average gross income of $200,000/year so this property could potentially be self-funding! Booked leases will be transferred to buyer upon sale. In addition to rental income, you can also enjoy your own tropical beachfront paradise in desirable Islamorada near all the most popular diving and fishing spots. Relax on the 150-foot beach, soak in some rays by the pool, or enjoy nearby fine dining, entertainment & local attractions. This luxurious home offers a 1.3 acre lot, more than 6,000 sf under air, an oceanfront pool with integrated hot tub, a wade-in sandy beach and an observation pier. Two-car garage, theater room, split floor plan, guest wing & more!

Supplements: One of the remarkable features of this home is the expansive great room which features walls of sliding glass that pocket back to open up the entire living room and welcome in the wrap-around open ocean views. The split plan also offers owner privacy with the upstairs private master suite situated opposite the additional bedrooms and the attached private 1/1 guest wing. The guest wing is connected to the main house through a shared bath, but it can be closed off because it has its own outside entrance by the pool. The guest wing has a completely separate living room with stunning floor-to-ceiling open ocean views on two sides and its own large bedroom with ocean view and master-sized ensuite bath. If needed, the upstairs living room loft, the movie theater room and the guest wing living room could all be converted for use as additional bedrooms for guests. You must see this house in person to appreciate how it was designed to fully incorporate the open ocean views through almost every room. It's all about the view!

More Information MLS# 588803

Contract Information

Current Price: $2,700,000 Listing Date: 2019-12-19 Listing Board: Florida Keys Sold Price: $2,700,000 As is Rght to Inspct: Yes Potential Short Sale: No Bank Owned: No Species List: Yes

Location Tax Legal

Street #: 75971 Street Name: Overseas Street Suffix: Highway Key/Island: Lower Matecumbe State/Province: FL Zip Code: 33036 County: Monroe Subdivision: Mat Ocean Bay (75.0) Area: 22 - Lower Matecumbe

General Property Description

Realtor.COM Type: Residential - Single Family Style: Single Family Waterfront: Yes Control Depth: 2 Pool: Yes Year Built: 2006 Total Units: 1 Lot Size: 430 x 150 Lot SqFt: 42253 Acres: 1.31 Living Apx SqFt: 6065 SqFt Source: Tax Records Total Bedrooms: 4 Full Baths: 4 Half Baths: 1 Total Baths: 5 Rentals Allowed: Yes Min Rental Days: 7

Status Change Info

Under Contract Date: 2020-11-18 Sold Date: 2021-01-19 Sold Price: $2,700,000 Status: Closed

Association Info

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

License Info

Transient Rntl Licns: Yes

Building Style

Above Flood: Yes

Specialty Rooms

Guest/Servant Qtrs: Legal

Pool Info

Other: partially elevated

Financial Status

Bank Owned: No Potential Short Sale: No

Property Features

Fee Includes: None Tax Exemptions: None Waterfront: Oceanfront; Open Water Waterview: Ocean View; Open Water View Dockage: None Vehicle Storage: Garage; Attached; Covered Parking; Guest Parking; Off Street Parking; Open Parking; RV Parking Open; Trailer Storage Furnished: Negotiable Cooling: Ceiling Fans(s); Central Air Utilities: Cable Available; Elect Separate Meter; FKAA; Municipal Sewer; Water Separate Meter Interior Features: Built-in Cabinets; Cathedral Ceilings; Elevator; Granite Counter Top; Split Bedroom; Walk-in Closet(s); Whirlpool Bath Tub Specialty Rooms: Laundry Room Appliances: Dishwasher; Dryer; Oven; Range; Refrigerator; Washer Exterior Features: Sandy Beach Accessibility Feat: Accessible Elevator Installed Pool Info: In Ground; Concrete; Decked Construction: CBS Floor: Marble; Tile Roof: Metal Roof Pets: Pets Allowed Land Size: 1 Less Than 2 Acres Title: Title Ins - Buyer
Listing Office: Coldwell Banker Schmitt Islamorada
Last Updated: September - 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.

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