57520 Overseas Highway, Marathon, FL 33050

$1,600,000
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,815 Lot Size (sq. ft.): 116,740 Status: Closed
Current Price: $1,600,000 List Date: 2/23/2024 Last Modified: 9/02/2024

Description

This captivating beachfront property is nestled on the Oceanside of Grassy Key. This property boasts approximately 235 feet of pristine beachfront, a rare treasure in this sought-after location. Encompassing a substantial expanse of approximately 2.68 acres, this stilted single-family home lot stands as a canvas for transformation. The existing concrete home has a standing seam metal roof and is on durable stilts with a concrete pad beneath. While the existing home is habitable, it presents an enticing canvas for renovation, expansion, or even a complete redevelopment to craft your dream coastal haven. The property's RL zoning permits the construction of a primary residence, as well as additional accessory structures, providing ample space for all your desires such as a pool, tiki, gazebos etc. Set on the outskirts of Marathon makes access from the mainland convenient, enhancing the appeal of this truly exclusive haven.This property is not only a canvas for architectural creativity but also an invitation to an active and versatile lifestyle. The vast expanse of land accommodates various possibilities, from creating a palatial private estate with all the luxuries imaginable, to incorporating space for RV, campers, kayaks, and paddle boards embodying the ultimate waterfront living experience. There's a letter of site condition available upon request. The uplands area, estimated to be around 65,000 square feet more or less, contributes to the property's unique character and potential. Prospective buyers are encouraged to obtain a survey to fully appreciate the dimensions and potential of this remarkable property. What's more, the existing home on the property provides the distinct advantage of allowing redevelopment without the need to navigate through the BPAS or ROGO processes, streamlining the path to realizing your coastal paradise. Seize this rare opportunity to own an extensive beachfront property!

More Information MLS# 606512

Contract Information

Listing Board: Marathon/Lower Keys As is Rght to Inspct: Yes Potential Short Sale: No Bank Owned: No Species List: Yes Current Price: $1,600,000 Listing Date: 2023-08-31 Sold Price: $1,600,000

Location, Tax & Legal

City: MARATHON Off Shore Island: No Mile Marker: 58 Marathon Neighborhood: Grassy Key Side: Ocean Flood Zone: VE-11 Alternate Key #: 1457639 Parcel #: 00374560-000000 Zoning: RL - Residential Low Deed Restrictions: Unknown Legal: SQR 58 LOTS 1-4 CRAINS SUBD PB1-51 GRASSY KEY Taxes: 5319.49 Tax Year: 2022 Pub Sewer HkUp: Yes Street #: 57520 Street Name: Overseas Street Suffix: Highway Key/Island: Marathon State/Province: FL Zip Code: 33050 County: Monroe Subdivision: Crains Sub (58.0) Area: 19 - Crawl Key & Grassy Key

General Property Description

Realtor.COM Type: Residential - Single Family Waterfront: Yes Control Depth: 0 Lot SqFt: 116740 Pool: No Lot Sqft Source: Tax Records Total Units: 0 Acres: 2.68 SqFt Source: Tax Records Rentals Allowed: Yes Min Rental Days: 7 Style: Single Family Year Built: 1994 Living Apx SqFt: 1815 Total Bedrooms: 2 Full Baths: 2 Total Baths: 2

Remarks & Misc

Remarks – Consumer: This captivating beachfront property is nestled on the Oceanside of Grassy Key. This property boasts approximately 235 feet of pristine beachfront, a rare treasure in this sought-after location. Encompassing a substantial expanse of approximately 2.68 acres, this stilted single-family home lot stands as a canvas for transformation. The existing concrete home has a standing seam metal roof and is on durable stilts with a concrete pad beneath. While the existing home is habitable, it presents an enticing canvas for renovation, expansion, or even a complete redevelopment to craft your dream coastal haven. The property's RL zoning permits the construction of a primary residence, as well as additional accessory structures, providing ample space for all your desires such as a pool, tiki, gazebos etc. Set on the outskirts of Marathon makes access from the mainland convenient, enhancing the appeal of this truly exclusive haven.This property is not only a canvas for architectural creativity but also an invitation to an active and versatile lifestyle. The vast expanse of land accommodates various possibilities, from creating a palatial private estate with all the luxuries imaginable, to incorporating space for RV, campers, kayaks, and paddle boards embodying the ultimate waterfront living experience. There's a letter of site condition available upon request. The uplands area, estimated to be around 65,000 square feet more or less, contributes to the property's unique character and potential. Prospective buyers are encouraged to obtain a survey to fully appreciate the dimensions and potential of this remarkable property. What's more, the existing home on the property provides the distinct advantage of allowing redevelopment without the need to navigate through the BPAS or ROGO processes, streamlining the path to realizing your coastal paradise. Seize this rare opportunity to own an extensive beachfront property! Directions: Property is located Oceanside in Grassy Key immediately across the street from Kyle Ave.

Association Info

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

Fee Includes

None: 1

Dockage

None: 1

Tax Exemptions

Homestead: 1

Appliances

Dishwasher: 1 Microwave: 1 Oven: 1 Range: 1 Refrigerator: 1

Pets

Pets Allowed: 1

Cooling

Ceiling Fans(s): 1 Central Air: 1

Waterfront

Oceanfront: 1 Open Water: 1

Waterview

Ocean View: 1 Open Water View: 1

Floor

Tile: 1

Neighborhood Feature

Airstrip: 1 Beach: 1 Bike Paths: 1

Building Style

Above Flood: Yes Stilt Column Height: Medium - 5Ft - 9Ft

Windows/Doors

Single Hung Windows: 1

Vehicle Storage

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

Construction

CBS: 1

Land Size

2 Less Than 5 Acres: 1

Furnished

Partially: 1

Utilities

Elect Separate Meter: 1 FKAA: 1 Municipal Sewer: 1 Water Separate Meter: 1

Porch/Balcony

Screened P/B: 1

Roof

Metal Roof: 1

Financial Status

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

Shutters

Panel: 1 Other: 1

Status Change Info

Sold Date: 2024-04-17 Sold Price: $1,600,000 Status: Closed

Property Features

Fee Includes: None Tax Exemptions: Homestead Waterfront: Oceanfront; Open Water Waterview: Ocean View; Open Water View Dockage: None Vehicle Storage: Covered Parking; Guest Parking; Off Street Parking; Open Parking; RV Parking Open; Trailer Storage Furnished: Partially Cooling: Ceiling Fans(s); Central Air Utilities: Elect Separate Meter; FKAA; Municipal Sewer; Water Separate Meter Appliances: Dishwasher; Microwave; Oven; Range; Refrigerator Construction: CBS Shutters: Panel; Other Floor: Tile Roof: Metal Roof Pets: Pets Allowed Neighborhood Feature: Airstrip; Beach; Bike Paths Land Size: 2 Less Than 5 Acres
Listing Office: Coldwell Banker Schmitt Real Estate Co.
Last Updated: September - 02 - 2024
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.