58622 Overseas Highway, MARATHON, FL

$1,225,000

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24,000

Square feet

About 58622 Overseas Highway

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.

Features of 58622 Overseas Highway

MLS® # 607032
Price $1,225,000
Square Footage 24,000
Type Vacant Land
Status Active

Community Information

Address 58622 Overseas Highway
Area 19 - Crawl Key & Grassy Key
Subdivision Crains Sub (58.0)
City MARATHON
County Monroe
State FL
Zip Code 33050

Amenities

View Ocean View, Open Water View
Is Waterfront Yes
Waterfront Open Water, Oceanfront

Exterior

Lot Description 1/2 - Less Than 1 AC

Additional Information

Date Listed October 15th, 2023
Days on Market 225
Zoning RM - Residential Medium
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

AgentSamuel Williams
OfficeColdwell Banker Schmitt Real Estate Co.

Listing Map

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