10 E Ocean Drive, Marathon, FL 33050 (MLS# 605984)

10 E Ocean Drive, Marathon, FL 33050

$2,850,000

Property Type: Residential Bedrooms: 5 Baths: 3 Square Footage: 1,614 Lot Size (sq. ft.): 13,000 Status: Closed

Current Price: $2,850,000 List Date: 7/15/2023 Last Modified: 9/01/2024

Description

Nestled within the coveted Ocean East peninsula in Marathon, FL, stands an exquisite oceanfront residence that epitomizes luxury living. This premier property is situated on one of the most esteemed and sought-after streets in Marathon, known for its unparalleled allure. This home has undergone extensive updates, including new storm impact windows and doors, a new kitchen, updated bathrooms, flooring, and tasteful furnishings. Capitalizing off this investment is easy; it currently holds a transferable vacation rental license through the City of Marathon and turnkey produces over $200K a year income with heavy owner usage. This makes it an attractive investment opportunity for those interested in vacation rentals. The residence offers stunning views during the day, and at night, you can enjoy the sight of 5 miles of shoreline lights. It features a pool, jacuzzi, dock, and a spacious backyard with excellent outdoor living space overlooking the ocean. The exterior is enhanced with aesthetically pleasing lighting, a new Fish light and there is a firepit for evening enjoyment, adding to the ambiance. This property presents an ideal opportunity for either a vacation rental investment or as a full-time residence. Offering luxury in an upscale location.

More Information MLS# 605984

Contract Information

Listing Board: Florida Keys As is Rght to Inspct: Yes Potential Short Sale: No Bank Owned: No Species List: No Current Price: $2,850,000 Listing Date: 2023-07-15 Sold Price: $2,850,000

Location, Tax & Legal

City: MARATHON Off Shore Island: No Mile Marker: 50 Marathon Neighborhood: Sombrero Side: Ocean Flood Zone: VE,VE Alternate Key #: 1122394 Parcel #: 00104670-001000 Zoning: RM-1 - Residential Medium - 1 Deed Restrictions: No Legal: 14 66 32 BOOT KEY (AKA UNRECORDED OCEAN EAST INC REV SURVEY APRIL 14 1975 LOT 10) OR553-765 OR859-733/34 OR1100-1112/13 Taxes: 15206.06 Tax Year: 2022 Pub Sewer HkUp: Yes Street #: 10 Direction: E Street Name: Ocean Street Suffix: Drive Key/Island: Marathon State/Province: FL Zip Code: 33050 County: Monroe Subdivision: Ocean East (50.0) Area: 14 - Sombrero Area

General Property Description

Realtor.COM Type: Residential - Single Family Waterfront: Yes Control Depth: 4 Lot Size: 100 x 122 Lot SqFt: 13000 Pool: Yes Lot Sqft Source: Property Data Card Total Units: 1 Acres: 0.29 SqFt Source: Survey Rentals Allowed: Yes Min Rental Days: 7 Style: Single Family Year Built: 1992 Living Apx SqFt: 1614 Total Bedrooms: 5 Full Baths: 3 Total Baths: 3

Remarks & Misc

Remarks – Consumer: Nestled within the coveted Ocean East peninsula in Marathon, FL, stands an exquisite oceanfront residence that epitomizes luxury living. This premier property is situated on one of the most esteemed and sought-after streets in Marathon, known for its unparalleled allure. This home has undergone extensive updates, including new storm impact windows and doors, a new kitchen, updated bathrooms, flooring, and tasteful furnishings. Capitalizing off this investment is easy; it currently holds a transferable vacation rental license through the City of Marathon and turnkey produces over $200K a year income with heavy owner usage. This makes it an attractive investment opportunity for those interested in vacation rentals. The residence offers stunning views during the day, and at night, you can enjoy the sight of 5 miles of shoreline lights. It features a pool, jacuzzi, dock, and a spacious backyard with excellent outdoor living space overlooking the ocean. The exterior is enhanced with aesthetically pleasing lighting, a new Fish light and there is a firepit for evening enjoyment, adding to the ambiance. This property presents an ideal opportunity for either a vacation rental investment or as a full-time residence. Offering luxury in an upscale location.

Association Info

Mandatory Home Owners Asc: Yes Voluntary Home Owners Asc: Yes 1st Right of Refusal: No Association Fee $: 200 Assoc/Mnt Fee Per: Yearly

License Info

Transient Rntl Licns: Yes

Fee Includes

Common Area Mnt: 1

Dockage

Dock Length: 30 Dock: Wood Seawall: Rip Rap

Tax Exemptions

None: 1

Appliances

Dishwasher: 1 Disposal: 1 Dryer: 1 Freezer: 1 Ice Machine: 1 Microwave: 1 Oven: 1 Range: 1 Refrigerator: 1 Stainless Steel Appliance(s): 1 Trash Compactor: 1 Washer: 1

Pets

Pets Allowed: 1

Cooling

Ceiling Fans(s): 1 Central Air: 1 Ductless: 1 Heat Pump: 1

Heating

Central: 1

Waterfront

Oceanfront: 1 Open Water: 1

Waterview

Ocean View: 1 Open Water View: 1

Floor

Laminate: 1 Tile: 1

Neighborhood Feature

Beach: 1 Fire Hydrant: 1

Interior Features

Built-in Cabinets: 1 Cathedral Ceilings: 1 Drapes/Blinds Incl: 1 Entrance Foyer: 1 Pantry: 1 Quartz Countertops: 1 Storage: 1 Walk-in Closet(s): 1 Whirlpool Bath Tub: 1 Window Treatments: 1

Property Condition

Updated/Remodeled: 1

Specialty Rooms

Guest/Servant Qtrs: Non-Conforming Laundry Room: 1 Utility Room: 1 Other: 1

Building Style

Above Flood: No Stories: 2 Stories

Windows/Doors

Impact Rstnce Doors: 1 Impact Rstnce Window: 1

Vehicle Storage

Car(s): 4+ Guest Parking: 1 Open Parking: 1 RV Parking Open: 1 Off Street Parking: 1 Trailer Storage: 1

Security

Electric Gate: 1 Patrolled Area: 1

Construction

CBS: 1 Concrete: 1

Land Size

1/4 - 1/2 Acre: 1

Furnished

Furnished: 1

Terms

Cash: 1 Conventional: 1 FHA: 1 Seller Finance Psble: 1 VA: 1

Utilities

Buyer to Verify: 1 Cable Available: 1 FKAA: 1 Water Separate Meter: 1

Porch/Balcony

Open Porch/Balcony: 1 Patio: 1

Title

Negotiable: 1

Exterior Features

Hot Tub: 1 Lanai: 1 Sandy Beach: 1

Pool Info

In Ground: 1 Heated: Yes Fiberglass: 1

Pre-Wired

Cable: 1

Roof

Tile Roof: 1

Financial Status

Auction: No Bank Owned: No Potential Short Sale: No Standard Sale: Yes

Status Change Info

Sold Date: 2024-03-11 Sold Price: $2,850,000 Status: Closed

Property Features

Fee Includes: Common Area Mnt Tax Exemptions: None Waterfront: Oceanfront; Open Water Waterview: Ocean View; Open Water View Property Condition: Updated/Remodeled Vehicle Storage: Guest Parking; Off Street Parking; Open Parking; RV Parking Open; Trailer Storage Furnished: Furnished Cooling: Ceiling Fans(s); Central Air; Ductless; Heat Pump Heating: Central Utilities: Buyer to Verify; Cable Available; FKAA; Water Separate Meter Interior Features: Built-in Cabinets; Cathedral Ceilings; Drapes/Blinds Incl; Entrance Foyer; Pantry; Quartz Countertops; Storage; Walk-in Closet(s); Whirlpool Bath Tub; Window Treatments Pre-Wired: Cable Specialty Rooms: Laundry Room; Utility Room; Other Appliances: Dishwasher; Disposal; Dryer; Freezer; Ice Machine; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Trash Compactor; Washer Exterior Features: Hot Tub; Lanai; Sandy Beach Pool Info: In Ground; Fiberglass Construction: CBS; Concrete Floor: Laminate; Tile Roof: Tile Roof Pets: Pets Allowed Neighborhood Feature: Beach; Fire Hydrant Security: Electric Gate; Patrolled Area Land Size: 1/4 - 1/2 Acre Terms: Cash; Conventional; FHA; Seller Finance Psble; VA Title: Negotiable

Listing Office: RE/MAX All Keys Real Estate

Last Updated: September - 01 - 2024

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