Thank you
Samuel Davis Williams
Coldwell Banker Schmitt Real Estate Co.
305-743-5181
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!
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Total Bedrooms : 3
Laundry Room
Total Baths: 3
Full Baths: 3
Appliances : Oven,Refrigerator,Range
Appliances Other: YES
Tar/Gravel Roof
Tile
Cooling: Wall/Window Unit(s)
Water Front: Yes
Oceanfront
Ocean View
Window Treatments: Other Windows/Doors
Year Built: 1979
Total Units: 0.00
Floor Location: 10800
Construction: CBS
Roof: Tar/Gravel Roof
Detached Guest Qtrs,Sandy Beach,Storage
Lot SqFt: 10,800
Lot SqFt Source: Property Data Card
BK 36 LT 11 CRAINS SUBD OF GRASSY KEY PB 1-51 PT SEC S24-25-26 TWP 65S R 33E
SQ ft (Living Area): 1,600
View: Ocean View
Subdivision: Grassy Key (58.9)
Stories: 2 Stories
List Price: $1,995,000
Taxes: $10,132
Tax Year: 2023
Parcel Number: 00371040-000000
Tax Exemptions : None
Restrict: YES
Mandatory Home Owners Asc : No
1st Right of Refusal : No
Association Fee $0.00
Elect Separate Meter,Water Separate Meter,Municipal Sewer,FKAA
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
2405 Coco Plum Dr, Marathon, FL,33050 | $24,995,000 | 9 | 11 | 18,763 | 74888 Sqft |
57805 Morton Street, Marathon, FL,33050 | $4,999,000 | 6 | 7 | 5,190 | -- |
57805 Morton Street, Marathon, FL,33050 | $4,999,000 | 6 | 7 | 5,757 | -- |
10001 Gulf Of Mexico Bo.., Marathon, FL,33050 | $13,895,000 | 5 | 7 | 4,187 | -- |
202 51 Street Ocean, Marathon, FL,33050 | $799,900 | 2 | 1 | 1,053 | -- |
7760 Aviation Boulevard, Marathon, FL,33050 | $2,695,000 | 5 | 3 | 2,922 | -- |
6202 Gulf Of Mexico Bou.., Marathon, FL,33050 | $799,000 | 3 | 2 | 1,602 | -- |
10877 Overseas Highway .., Marathon, FL,33050 | $599,000 | 1 | 2 | 850 | -- |
11332 3rd Avenue Ocean, Marathon, FL,33050 | $699,000 | 2 | 2 | 941 | 2750 Sqft |
58704 Overseas Highway, Marathon, FL,33050 | $749,999 | 2 | 1 | 1,160 | -- |
ByOwner last updated this listing 05/14/2024 @ 01:53
MLS: 607976
LISTED BY: Samuel Davis Williams , Coldwell Banker Schmitt Real Estate Co.
SOURCE: Florida Keys MLS, Inc.
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.