58090 Overseas Highway, MARATHON, FL

$1,995,000

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3

Beds

3

Baths

1,600

Square feet

0.07

Acres

About 58090 Overseas Highway

This exceptional ocean front multi-family triplex boasts 60 feet of beach frontage with breathtaking open water views! The property consists of three legal units: a duplex and a single-family home, each offering a cozy 1 bedroom and 1 bathroom configuration. All units are currently rented, providing immediate income potential. The duplex operates as a successful Airbnb, while the single-family home is occupied by a long-term tenant. The single-family residence is a testament to modern construction, featuring brand new CBS (Concrete Block Structure) that stands on stilts. Its metal roof, impact doors, and windows are designed to withstand Florida's unique climate. Inside, the home dazzles with tasteful finishes including a kitchen adorned with granite countertops and stainless steel appliances. The duplex has been completely renovated, mirroring the resilience of the single-family home with CBS construction on stilts. Each side has been meticulously maintained and offers comfort and style to guests and residents alike. For those looking for an even larger investment, the adjacent duplex is also for sale (MLS#606424), potentially expanding your portfolio to five adjacent units. Additional features include an assumable flood policy (approximately $5,000 annually) for the duplex, which can offer significant savings. With its current use as a vacation rental, the property is self-managed, allowing for maximum control and profitability. Whether you envision creating an exclusive staff compound or converting the duplex into a single-family dwelling (and transferring one of the building rights to another property), the possibilities are as vast as the ocean views. Don't miss the chance to own this slice of paradise in Marathon, Florida!

Features of 58090 Overseas Highway

MLS® # 607976
Price $1,995,000
Bedrooms 3
Bathrooms 3.00
Full Baths 3
Square Footage 1,600
Acres 0.07
Year Built 1979
Type Residential
Sub-Type Multi-Units
Status Active

Community Information

Address 58090 Overseas Highway
Area 19 - Crawl Key & Grassy Key
Subdivision Grassy Key
City MARATHON
County Monroe
State FL
Zip Code 33050

Amenities

Amenities Beach
Utilities Elect Separate Meter, Water Separate Meter, Municipal Sewer, FKAA
Parking Covered Parking, Off Street Parking, Guest Parking
View Ocean View
Is Waterfront Yes
Waterfront Oceanfront
Has Pool No

Interior

Appliances Oven, Refrigerator, Range
Cooling Window/Wall Unit
Fireplace No
Stories 2 Stories

Exterior

Exterior Features Sandy Beach, Storage, Detached Guest Qtrs
Lot Description 1/4 - 1/2 Acre
Windows Other Windows/Doors
Roof Tar/Gravel Roof
Construction CBS

Additional Information

Date Listed December 31st, 2023
Days on Market 140
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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