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 |
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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 |
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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 |
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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) |
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Fireplace | No |
Stories | 2 Stories |
Exterior
Lot Description | 1/4 - 1/2 Acre |
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Construction | CBS, Manufactured |
Additional Information
Date Listed | December 8th, 2024 |
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Days on Market | 64 |
Zoning | RM - Residential Medium |
Short Sale | No |
RE / Bank Owned | No |
HOA Fees | 0.00 |
Listing Details
Agent | Joshua James Mothner |
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Office | Coldwell Banker Schmitt Real Estate Co. |