58234 Overseas Highway
Marathon, FL, United States
$1,500,000
Pending

58234 Overseas Highway Marathon, FL 33050

Property Features

  • 7 Beds
  • 6 Full Baths
  • 1 Half Baths
  • 3,026 sqft
  • MLS # 612603
  • Lot Size: 0.18 acres
  • Year Built: 1975

Property Description

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.

Property Highlights

  • Basement: None

Location

Similar Listings

  • 243 Pescayo Avenue

    Marathon, FL 33050, United States

The listing broker’s offer of compensation is made only to participants of the multiple listing service where the listing is filed.

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