Thank you
Joshua Mothner
Coldwell Banker Schmitt Real Estate Co.
305-743-5181
Very unique property in the old Keys Style. 5 Building Rights on this 18,000 sq ft Oceanfront parcel on Grassy Key, with Bay Bottom and a boat ramp (shared with adjoining parcel) City of Marathon has approved a Letter of Determination for five (5) building rights (TBR's) upon the property, however Letter is currently in review period by Florida Department of Commerce (Formerly DEO) with an appeal date of 4/25/24. Property currently contains a Triplex with a 2/2 apt and two 1 bed/1 bath apts; a small studio with 1 bath, and a mobile home with 2 beds/1.5 baths. Triplex was inspected and found to be unsafe structure. It CAN NOT be occupied. Seller has been advised he could possibly repair the building within the guidelines of the City's Substantial Improvement ordinance but Buyer needs to verify this. Should a Buyer decide to demolish the triplex density requirements would limit the number of units that could be rebuilt. Current zoning and density should allow for two units to be built on the property. A buyer might choose to demolish the triplex and leave mobile home and studio unit in place...and keep the remaining three (3) TBRs.
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Total Bedrooms : 7
Total Baths: 7
Full Baths: 6
Half Baths: 1
Appliances Other: Buyer to Verify
Cooling: Wall/Window Unit(s)
Water Front: Yes
Oceanfront,Open Water
Ocean View,Open Water View
Year Built: 1975
Total Units: 5.00
Floor Location: 18000
Construction: CBS,Manufactured
Lot SqFt: 18,000
Lot SqFt Source: Property Data Card
BK 18 LT 20 CRAINS SUBD OF GRASSY KEY PB 1-51 AND ADJ PORTION OF FLAGLER STREET
SQ ft (Living Area): 2,190
View: Ocean View,Open Water View
Subdivision: Crains Sub (58.0)
Stories: 2 Stories
List Price: $1,800,000
Cash,Conventional
Taxes: $12,299
Tax Year: 2023
Parcel Number: 00368470-000000
Tax Exemptions : Homestead
Pets Allowed: Pets Allowed
Mandatory Home Owners Asc : No
1st Right of Refusal : No
Association Fee $0.00
Elect 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 |
16 S Kyle Way, Marathon, FL,33050 | $357,000 | 3 | 2 | 1,215 | 5040 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 | -- |
58704 Overseas Highway, Marathon, FL,33050 | $795,999 | 2 | 1 | 1,160 | -- |
ByOwner last updated this listing 04/28/2024 @ 15:38
MLS: 609161
LISTED BY: Joshua Mothner , 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.