1622 Overseas Highway, Marathon, FL 33050

$6,450,000
Property Type: Commercial Square Footage: 3,400 Lot Size (sq. ft.): 207,057 Status: Closed
Current Price: $6,450,000 List Date: 12/22/2021 Last Modified: 9/09/2024

Description

Incredible Waterfront Development opportunity Bayside in Marathon. 3.65 Acres of Bayside Uplands plus 1.1 Acre of environmentally sensitive land. Private boat basin with 10 or more boat docks able to accommodate up to 36' Vessels. Recent City of Marathon approval for 8 Waterfront units, 6 market rate and 2 Transient Dwelling units. See uploaded docs. Current plans available call for a Gated community with eight 3,500 sf. Waterfront Estate Homes each 2 story, 4bd/4.5 bath with separate 2bd/2.5ba Guesthouse. Each home will have private pools, parking, massive decks and porches. Compound would include tennis courts and a shared conference room. In addition, approval for 3,400 sf. of Commercial Transferrable Building Rights (TBR's) which will be separate from the residential development with a wall and heavy tropical landscaping. Owner may consider Seller financing to qualified buyer.

More Information MLS# 598912

Contract Information

Listing Board: Key West Association Limited Representation: No Potential Short Sale: No Bank Owned: No For Sale/Lease: For Sale Current Price: $6,450,000 Listing Date: 2021-12-22 Sold Price: $6,450,000

Location, Tax & Legal

City: MARATHON Off Shore Island: No Mile Marker: 48.5 Marathon Neighborhood: Old Town East (25th to Sombrero) Side: Bay/Gulf Flood Zone: AE,VE,AE Alternate Key #: 1119806 Parcel #: 00102600-000000 Zoning: MU - M - Mixed Use - Maritime Legal: 9 66 32 KEY VACCAS PT LOT 2 & BAY BOTTOM NORTH OF & ADJ TO PT GOV LOT 2 G6-396 G9-572/73 G24-315 G59-297/98(II DEED 1984 Taxes: 35573.89 Tax Year: 2021 Street #: 1622 Street Name: Overseas Street Suffix: Highway Key/Island: Marathon State/Province: FL Zip Code: 33050 Subdivision: Harbor Isle (48.5) County: Monroe Area: 13 - 7 Mile Bridge to Sombrero Bch Rd E & W

General Property Description

Realtor.COM Type: Commercial Waterfront: Yes Control Depth: 3 Lot Size: 207,057 Lot SqFt: 207057 Total Units: 8 # Parking Spaces: ample Off Street Parking: yes SqFt Source: Seller Building SqFt: 3400 Style: Commercial Living Apx SqFt: 3400 Year Built: 1938

Remarks & Misc

Remarks – Consumer: Incredible Waterfront Development opportunity Bayside in Marathon. 3.65 Acres of Bayside Uplands plus 1.1 Acre of environmentally sensitive land. Private boat basin with 10 or more boat docks able to accommodate up to 36' Vessels. Recent City of Marathon approval for 8 Waterfront units, 6 market rate and 2 Transient Dwelling units. See uploaded docs. Current plans available call for a Gated community with eight 3,500 sf. Waterfront Estate Homes each 2 story, 4bd/4.5 bath with separate 2bd/2.5ba Guesthouse. Each home will have private pools, parking, massive decks and porches. Compound would include tennis courts and a shared conference room. In addition, approval for 3,400 sf. of Commercial Transferrable Building Rights (TBR's) which will be separate from the residential development with a wall and heavy tropical landscaping. Owner may consider Seller financing to qualified buyer.

Association Info

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

Type

Other Comrcl Style: 1 Other Services: 1

Fee Includes

Other: 1

Dockage

Dock: Wood

Waterfront

Bay Front: 1

Waterview

Bay/Gulf View: 1

Construction

Combo Construction: 1

Land Size

2 Less Than 5 Acres: 1

Utilities

FKAA: 1 Municipal Sewer: 1

Financial Status

Bank Owned: No Potential Short Sale: No

Status Change Info

Sold Date: 2023-10-11 Sold Price: $6,450,000 Status: Closed

Property Features

Type: Other Comrcl Style; Other Services Waterfront: Bay Front Waterview: Bay/Gulf View Utilities: FKAA; Municipal Sewer Construction: Combo Construction Land Size: 2 Less Than 5 Acres Fee Includes: Other
Listing Office: RE/MAX Keys Connection (KW)
Last Updated: September - 09 - 2024
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