3920 Louisa Street, Marathon, FL 33050 (MLS# 603170)

3920 Louisa Street, Marathon, FL 33050

$675,000

Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 3,220 Lot Size (sq. ft.): 10,000 Status: Closed

Current Price: $675,000 List Date: 12/27/2022 Last Modified: 12/02/2025

Description

Redevelopment opportunity with THREE building rights (a.k.a. ROGO's), and possibly a 4th on a 10,000 sq ft lot in area that is being revitalized. MU zoning allows a multitude of uses for this redevelopment opportunity. According to the MLS, a same sized lot in MU zoning with ZERO building rights recently closed in Marathon for $246K & a single building right just closed in a separate transaction for $200K. Do the math. Located Gulfside just off of US Hwy 1 & close to newly renovated Baptist Fisherman's Hospital, Marathon Community Park, Marathon Airport, plus marinas, schools & shopping. Building has been deemed unsafe by City of Marathon & must be demo'd by buyer. DO NOT attempt to enter building. Once demo'd, you will be starting with a clean slate. This is an estate sale, building & lot being sold As Is. There will be no repair & no clean up by sellers. Currently three ROGO's recognized & Seller working with City of Marathon to confirm 4th. Refer to link for zoning details: 'https://library.municode.com/search?stateId=9&clientId=12861&searchText=zoning '

More Information MLS# 603170

Contract Information

Listing Board: Key West Association As is Rght to Inspct: Yes Potential Short Sale: No Bank Owned: No Current Price: $675,000 Listing Date: 2022-11-21 Sold Price: $675,000

Location, Tax & Legal

City: MARATHON Mile Marker: 49 Marathon Neighborhood: Old Town East (25th to Sombrero) Side: Bay/Gulf Flood Zone: AE,AE Alternate Key #: 1415014 Parcel #: 00337360-000000 Zoning: MU - Mixed Use Commercial Mixed Use Deed Restrictions: Unknown Legal: BK 5 LT 12 MARATHON BEACH PB2-21 OR457-967 OR1180-1766 OR1206-1908D/C OR1243-2064 OR2102-1406ORD OR2102-1407/10WILL OR21 Taxes: 5586.75 Tax Year: 2022 Pub Sewer HkUp: No Street #: 3920 Street Name: Louisa Street Suffix: Street Key/Island: Marathon State/Province: FL Zip Code: 33050 County: Monroe Subdivision: Marathon Beach (49.0) Area: 13 - 7 Mile Bridge to Sombrero Bch Rd E & W

General Property Description

Realtor.COM Type: Multi-family Waterfront: No Control Depth: 0 Lot Size: 200 X 50 Lot SqFt: 10000 Pool: No Total Units: 3 Acres: 0.23 SqFt Source: Tax Records Rentals Allowed: With Restrictions Style: Multi-Units Year Built: 1975 Living Apx SqFt: 3220 Total Bedrooms: 4 Full Baths: 3 Total Baths: 3

Remarks & Misc

Remarks – Consumer: Redevelopment opportunity with THREE building rights (a.k.a. ROGO's), and possibly a 4th on a 10,000 sq ft lot in area that is being revitalized. MU zoning allows a multitude of uses for this redevelopment opportunity. According to the MLS, a same sized lot in MU zoning with ZERO building rights recently closed in Marathon for $246K & a single building right just closed in a separate transaction for $200K. Do the math. Located Gulfside just off of US Hwy 1 & close to newly renovated Baptist Fisherman's Hospital, Marathon Community Park, Marathon Airport, plus marinas, schools & shopping. Building has been deemed unsafe by City of Marathon & must be demo'd by buyer. DO NOT attempt to enter building. Once demo'd, you will be starting with a clean slate. This is an estate sale, building & lot being sold As Is. There will be no repair & no clean up by sellers. Currently three ROGO's recognized & Seller working with City of Marathon to confirm 4th. Refer to link for zoning details: 'https://library.municode.com/search?stateId=9&clientId=12861&searchText=zoning ' Directions: From US Hwy 1, turn onto 39th St. (Gulf Side). Go to first stop sign, Turn right onto Louisa St. Property on left. **Bear in mind, Google maps calls this road Gulfview Ave and not Louisa St.*

Status Change Info

Sold Comments: Thanks Shannon! Sold Date: 2023-07-14 Sold Price: $675,000 Status: Closed

Association Info

Mandatory Home Owners Asc: No 1st Right of Refusal: No Association Fee $: 0

Fee Includes

None: 1

Dockage

None: 1

Tax Exemptions

None: 1

Appliances

No Appliances: 1

Pets

Pets Allowed: 1

Waterfront

None: 1

Waterview

No Waterview: 1

Property Condition

Fixer Upper: 1

Building Style

Above Flood: Unknown Stories: 2 Stories

Vehicle Storage

Car(s): 4+ Off Street Parking: 1

Construction

Concrete: 1

Land Size

Less Than 1/4 Acre: 1

Utilities

Buyer to Verify: 1 Sewer Available: 1

Title

Title Ins - Buyer: 1

Financial Status

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

Property Features

Fee Includes: None Tax Exemptions: None Waterfront: None Waterview: No Waterview Dockage: None Property Condition: Fixer Upper Vehicle Storage: Off Street Parking Utilities: Buyer to Verify; Sewer Available Appliances: No Appliances Construction: Concrete Pets: Pets Allowed Land Size: Less Than 1/4 Acre Title: Title Ins - Buyer

Documents

Marathon Zoning Tables ›

Listing Office: Berkshire Hathaway HomeServices Knight & Gardner Realty

Last Updated: December - 02 - 2025

The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.