1 47Th Street Gulf, Marathon, FL 33050 (MLS# 600263)

1 47Th Street Gulf, Marathon, FL 33050

$4,800,000

Property Type: Commercial Bedrooms: 3 Baths: 4 Lot Size (sq. ft.): 50,080 Status: Closed

Current Price: $4,800,000 List Date: 8/18/2022 Last Modified: 9/10/2024

Description

Unique Gulf side waterfront, income producing property, consisting of a custom built ''Keys style'' single family home, 900 ft pier, bay bottom,13 boat slips, 4 RV lots, 2 fixed mobile home lots with long term tenants in place. Main residence would make great vacation rental. 9%+ cap rate on entire leased property. New 15,000 lb boat lift. Tiki. Roof 2016.

More Information MLS# 600263

Contract Information

Listing Board: Marathon/Lower Keys Limited Representation: No As is Rght to Inspct: Yes Potential Short Sale: No Bank Owned: No For Sale/Lease: For Sale Species List: No Current Price: $4,800,000 Listing Date: 2022-03-23 Sold Price: $4,800,000

Location, Tax & Legal

City: MARATHON Off Shore Island: No Mile Marker: 49.5 Marathon Neighborhood: Old Town East (25th to Sombrero) Side: Bay/Gulf Flood Zone: VE,AE,VE,VE,VE Alternate Key #: 1120529 Parcel #: 00103270-000000 Zoning: MU - Mixed Use Commercial Mixed Use Legal: SUB OF GOVT LOT 1 - PT LOT 1 & LOT 2 (PARCEL 1) AND BAY BTM N OF LOT 1 PB2-24 THOMPSON-ADMS SUB FILLED BAY BTM .76AC AND Taxes: 22290.89 Tax Year: 2021 Street #: 1 Street Name: 47Th Street Gulf Key/Island: Marathon State/Province: FL Zip Code: 33050 Subdivision: Thompson & Adams Sub (49.5) County: Monroe Area: 13 - 7 Mile Bridge to Sombrero Bch Rd E & W

General Property Description

Realtor.COM Type: Commercial Waterfront: Yes Control Depth: 5 Lot Size: 1.63 acres Lot SqFt: 50080 Business Name: Hurricane Harbor Year Established: 1990-01-01 # Stories: 2 SqFt Source: Property Data Card Total # Buildings: 1 Building SqFt: 3734 Style: Commercial Year Built: 1990 Total Bedrooms: 3 Full Baths: 4 Total Baths: 4

Remarks & Misc

Remarks – Consumer: Unique Gulf side waterfront, income producing property, consisting of a custom built ''Keys style'' single family home, 900 ft pier, bay bottom,13 boat slips, 4 RV lots, 2 fixed mobile home lots with long term tenants in place. Main residence would make great vacation rental. 9%+ cap rate on entire leased property. New 15,000 lb boat lift. Tiki. Roof 2016. Directions: U.S. 1 to 47th Street Gulf, gated property at the very end of street.

Deed Restrictions

No: 1

Association Info

Mandatory Home Owners Asc: No 1st Right of Refusal: No

License Info

# of County License: 1

Type

Marina: 1 Other Comrcl Style: 1

Fee Includes

None: 1

Dockage

Dock: Concrete Boat Lift: 1 Boat Slip: 1 Seawall: Concrete Other Dockage: 1

Accounts & Meters

# Sewer Accounts: 1 # Water Meters: 2 # Electric Meters: 3

Appliances

Dishwasher: 1 Dryer: 1 Range: 1 Refrigerator: 1 Washer: 1

Property Info

# Boat Slips: 13 # Kitchens: 3 # Refrigerators: 3 # Range/Ovens: 3 # Washers: 1 # Dryers: 1 # Dishwashers: 1 1 Bed/Bath: 1 3 Bed/Bath: 1

Cooling

Ceiling Fans(s): 1 Central Air: 1 Heat: 1 Wall/Window Unit(s): 1

Waterfront

Bay Front: 1 Canal Front: 1 Gulf Front: 1 Open Water: 1

Electric

220 Volt: 1 Circuit Breakers: 1 Other Electric: 1

Waterview

Bay/Gulf View: 1 Open Water View: 1

Floor

Tile: 1 Wood: 1

Interior Features

Cathedral Ceilings: 1 Drapes/Blinds Incl: 1 Laundry Room: 1 Pantry: 1 Whirlpool Bath Tub: 1

Windows/Doors

Glass Doors: 1 Other Windows/Doors: 1 Single Hung Windows: 1

Vehicle Storage

Guest Parking: 1 Common Parking: 1

Construction

CBS: 1 Manufactured: 1

Land Size

1/2 - Less Than 1 AC: 1

Terms

No Seller Finance: 1

Utilities

FKAA: 1 Municipal Sewer: 1 Separate Meters: 1

Title

Negotiable: 1

Miscellaneous

Chickee Hut: 1 Handicap Access: 1 Open Water View: 1 Patio: 1 Residence on Premise: 1 Storage: 1 Utility Building: 1

Roof

Metal Roof: 1

Auction Info

Auction: No

Financial Status

Bank Owned: No Potential Short Sale: No

Shutters

Accordion: 1 Panel: 1

Tenant Paid

Electric: 1 Tnt Pays No Utils: 1

Status Change Info

Sold Date: 2022-09-06 Sold Price: $4,800,000 Status: Closed

Property Features

Deed Restrictions: No Type: Marina; Other Comrcl Style Waterfront: Bay Front; Canal Front; Gulf Front; Open Water Waterview: Bay/Gulf View; Open Water View Dockage: Boat Lift; Boat Slip; Other Dockage Vehicle Storage: Common Parking; Guest Parking Cooling: Ceiling Fans(s); Central Air; Heat; Wall/Window Unit(s) Utilities: FKAA; Municipal Sewer; Separate Meters Interior Features: Cathedral Ceilings; Drapes/Blinds Incl; Laundry Room; Pantry; Whirlpool Bath Tub Appliances: Dishwasher; Dryer; Range; Refrigerator; Washer Miscellaneous: Chickee Hut; Handicap Access; Open Water View; Patio; Residence on Premise; Storage; Utility Building Construction: CBS; Manufactured Electric: 220 Volt; Circuit Breakers; Other Electric Shutters: Accordion; Panel Floor: Tile; Wood Roof: Metal Roof Land Size: 1/2 - Less Than 1 AC Fee Includes: None Terms: No Seller Finance Title: Negotiable Tenant Paid: Electric; Tnt Pays No Utils

Listing Office: Florida Keys Real Estate Group

Last Updated: September - 10 - 2024

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