58234 Overseas Highway, MARATHON, FL

$1,500,000

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7

Beds

7

Baths

3,026

Square feet

0.18

Acres

About 58234 Overseas Highway

Unique 18,000 sq ft ocean front parcel with 5 units. Remember how the Key used to be? Parcel shares a boat ramp with adjacent parcel, owned bay bottom and 5 units recognized by the City of Marathon. The property contains a Triplex consisting of a 2/2 apt and two 1/1 apartments: a small cottage studio with 1 bath and a mobile home with 2 beds/1.5 baths. Triplex building sits directly on the Ocean and is currently undergoing spalling repairs. The property has been a vacation rental, but the vacation rental license is currently stopped while repairs are under way. Potential buyers have several options. The current density on RM zoning allows for two units should a prospective buyer wish to demolish the existing units, rebuild two units, and sell or retain the remaining 3 Transferable Building Rights. Letter of Determination is under the Documents Tab.

Features of 58234 Overseas Highway

MLS® # 612603
Price $1,500,000
Bedrooms 7
Bathrooms 7.00
Full Baths 6
Half Baths 1
Square Footage 3,026
Acres 0.18
Year Built 1975
Type Residential
Sub-Type Multi-Units
Style Other Bldg Style
Status Active

Community Information

Address 58234 Overseas Highway
Area 19 - Crawl Key & Grassy Key
Subdivision Crains Sub (58.0)
City MARATHON
County Monroe
State FL
Zip Code 33050

Amenities

Utilities FKAA, Elect Separate Meter, Buyer to Verify, Municipal Sewer
Parking Off Street Parking
View Ocean View, Open Water View
Is Waterfront Yes
Waterfront Oceanfront, Open Water
Has Pool No

Interior

Cooling Wall/Window Unit(s)
Fireplace No
Stories 2 Stories

Exterior

Lot Description 1/4 - 1/2 Acre
Construction CBS, Manufactured

Additional Information

Date Listed December 8th, 2024
Days on Market 64
Zoning RM - Residential Medium
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

AgentJoshua James Mothner
OfficeColdwell Banker Schmitt Real Estate Co.

Listing Map

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