$1,995,000 $10,710 est/mo Sourced by Back At You

58090 Overseas Highway,Marathon, FL 33050

Marathon FL, 33050

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Description

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!

Details

MLS#607976
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Year1979
Days On Site167
Listing Provided ByColdwell Banker Schmitt Real Estate Co. | Samuel Davis Williams

Features

Bed(s)3
Bath(s) 3 Total
SQ Feet1,600
ZoningRM - Residential Medium
Acreage0.07
Water FrontYes
Property ViewOcean

Market Activity 33050

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Florida Keys Board of Realtors.

The data relating to real estate for sale on this web site come s in part from the Internet Data Exchange program of the Marathon and Lower Keys Association of REALTORS®, Inc. MLS. Real Estate listings held by brokerage firms other than Key Colony Beach Realty, Inc. are marked with the MLS logo and detailed information about them includes the name of the listing broker’s office.

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Listings Checked: 3 minutes ago
StateFL
CountyMonroe
CityMarathon
Zip Code33050
Area19 Crawl Key & Grassy Key
Community NameGrassy Key (58.9)
Listing VS Median (in Grassy Key (58.9))
Price:
$1,995,000
low | high
Med:
$1,995,000
50% of Average
SqFt:
1,600
low | high
Med:
1,600
50% of Average
$ / SqFt:
$1,247
low | high
Med:
$1,247
50% of Average
On Site:
167
low | high
Med:
167.000000
100% of Average
Sourced by Back At You
Listing Updated: May 23, 2024 at 1:00:48 PM PDT