58080 & 58090 Overseas Highway
Marathon, FL, United States
  • 7 Beds
  • 5 Baths
  • 2,860 sqft
$4,063,000
Active

58080 & 58090 Overseas Highway Marathon, FL 33050

Property Features

  • 7 Beds
  • 5 Baths
  • 2,860 sqft
  • MLS # 608154
  • Lot Size: 0.15 acres
  • Year Built: 1962

Attachments

Property Description

Presenting a unique Oceanfront Multi-Family Property with Endless Possibilities. This oceanfront gem combines two properties to create a stunning five-plex, boasting a total of 7 bedrooms and 5 bathrooms. This multi-family compound is beach front, providing unobstructed, panoramic ocean views. There is a multi-family triplex with three separate legal units, a modern single-family home on stilts and a fully renovated duplex. All units currently rented, offering immediate income potential. The ground level duplex operates as a successful Airbnb, with each unit licensed for individual or combined rental. A long-term tenant occupies the single-family home. The other duplex is completely renovated with robust CBS construction on stilts. Each unit offers a 1 bedroom, 1 bathroom layout, meticulously maintained with modern finishes. Duplex benefits from an assumable flood policy for cost savings. Sold fully furnished (excluding personal items) for a seamless turnkey investment. The Single-Family Home is brand new CBS construction on stilts, featuring a metal roof and impact doors and windows. Granite countertops and stainless steel appliances. Both properties offer upgraded AC systems with new ductwork for optimal comfort. The ground level duplex features three bedrooms and one bath, with an additional one-bedroom, one-bath unit in the rear structure. Elevation certificate, survey, and assumable flood insurance policy included. There are 5 market rate building rights in total on this property if someone wanted to combine units and transfer a right to another property. Easy access from Miami-Dade and Broward counties, with travel time under two hours. This unique offering presents endless possibilities, whether you aim to continue the profitable vacation rental business, create an exclusive staff compound, or re-imagine the structures to fit your vision. View these listings individually at MLS#607976 & MLS#606424

Property Highlights

  • Basement: None

Location

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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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