715 50Th Street Gulf, Marathon, FL 33050

$3,615,000
Property Type: Residential Bedrooms: 6 Baths: 7 Square Footage: 3,195 Lot Size (sq. ft.): 15,364 Status: Closed
Current Price: $3,615,000 List Date: 6/28/2024 Last Modified: 11/13/2024

Description

This exquisite estate, situated on a sprawling 15,000 square foot lot, is perfect for multi-family getaways, retreats, and gatherings. It also serves as a lucrative vacation rental. All set up turnkey with a great book of existing rentals showing a 2024 gross of well over 250k+ available upon request. With 6 beautifully appointed bedrooms and 6.5 bathrooms, the estate provides ample space and privacy. Three separate living quarters ensure everyone has their own private retreat. On the third floor of the main house, you'll find the luxurious master bedroom and private bathroom. Two additional bedrooms each feature their own private bathrooms and a den. The second floor features a chef's kitchen fully equipped, a spacious main living area, and a large covered patio. Attached to the main living quarters via a covered breezeway is the Casita. It has two-bedrooms, one bathroom, a cozy living room and a fully stocked kitchenette. On the ground floor, the family suite offers Bedroom 6, two full bathrooms, a living room and a dry kitchenette with a coffee bar. With its own separate entrance, this suite provides privacy. The outdoor and entertainment areas are designed for endless fun. Overlooking the pool, the air-conditioned cabana features a full wet bar and an 85'' screen TV. The covered patio and pool area include a handcrafted corn hole field, yard games, a fire pit, Jacuzzi, and a ping pong table. For boating enthusiasts, the estate boasts a 120-foot concrete dock with up to 100 feet of usable mooring area, running water, and power. The private dock accommodates most boats, and the mesmerizing dock lighting enhances the evening ambiance. Ample parking is available. Owners are selective about renters, and current gross is based on 50% occupancy, offering growth potential for different business models. Ideal for a low-maintenance second home, allowing you to truly relax. Rental website link is in agent remarks or available upon request and will transfer to new owners.

More Information MLS# 610587

Contract Information

Listing Board: Marathon/Lower Keys As is Rght to Inspct: Yes Potential Short Sale: No Bank Owned: No Species List: No Current Price: $3,615,000 Listing Date: 2024-06-28 Sold Price: $3,615,000

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: AE-9 Alternate Key #: 9104767 Parcel #: 00327151-000100 Zoning: RM - Residential Medium Deed Restrictions: Unknown Legal: LOT 1 LATITUDE 24 PB7-93 Taxes: 7663.02 Tax Year: 2023 Pub Sewer HkUp: Yes Street #: 715 Street Name: 50Th Street Gulf Key/Island: Marathon State/Province: FL Zip Code: 33050 County: Monroe Subdivision: Vaca Village (49.5) Area: 13 - 7 Mile Bridge to Sombrero Bch Rd E & W

General Property Description

Realtor.COM Type: Residential - Single Family Waterfront: Yes Control Depth: 4 Lot SqFt: 15364 Pool: Yes Lot Sqft Source: Property Data Card Total Units: 0 Acres: 0.35 SqFt Source: Property Data Card Rentals Allowed: Yes Min Rental Days: 7 Style: Single Family Year Built: 2023 Living Apx SqFt: 3195 Total Bedrooms: 6 Full Baths: 6 Half Baths: 1 Total Baths: 7

Remarks & Misc

Remarks – Consumer: This exquisite estate, situated on a sprawling 15,000 square foot lot, is perfect for multi-family getaways, retreats, and gatherings. It also serves as a lucrative vacation rental. All set up turnkey with a great book of existing rentals showing a 2024 gross of well over 250k+ available upon request. With 6 beautifully appointed bedrooms and 6.5 bathrooms, the estate provides ample space and privacy. Three separate living quarters ensure everyone has their own private retreat. On the third floor of the main house, you'll find the luxurious master bedroom and private bathroom. Two additional bedrooms each feature their own private bathrooms and a den. The second floor features a chef's kitchen fully equipped, a spacious main living area, and a large covered patio. Attached to the main living quarters via a covered breezeway is the Casita. It has two-bedrooms, one bathroom, a cozy living room and a fully stocked kitchenette. On the ground floor, the family suite offers Bedroom 6, two full bathrooms, a living room and a dry kitchenette with a coffee bar. With its own separate entrance, this suite provides privacy. The outdoor and entertainment areas are designed for endless fun. Overlooking the pool, the air-conditioned cabana features a full wet bar and an 85'' screen TV. The covered patio and pool area include a handcrafted corn hole field, yard games, a fire pit, Jacuzzi, and a ping pong table. For boating enthusiasts, the estate boasts a 120-foot concrete dock with up to 100 feet of usable mooring area, running water, and power. The private dock accommodates most boats, and the mesmerizing dock lighting enhances the evening ambiance. Ample parking is available. Owners are selective about renters, and current gross is based on 50% occupancy, offering growth potential for different business models. Ideal for a low-maintenance second home, allowing you to truly relax. Rental website link is in agent remarks or available upon request and will transfer to new owners. Directions: Go right on 50th St Gulf from US1 southbound.

Association Info

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

Fee Includes

None: 1

Dockage

Dock: Concrete Seawall: Concrete

Tax Exemptions

None: 1

Appliances

Dishwasher: 1 Disposal: 1 Microwave: 1 Oven: 1 Range: 1 Refrigerator: 1 Stainless Steel Appliance(s): 1

Pets

Pets Allowed: 1

Cooling

Ceiling Fans(s): 1 Central Air: 1

Waterfront

Canal Front: 1

Waterview

Bay/Gulf View: 1 Open Water View: 1

Neighborhood Feature

Airstrip: 1 Beach: 1 Bike Paths: 1 Community Boat Ramp: 1

Interior Features

Built-in Cabinets: 1 Pantry: 1 Quartz Countertops: 1 Walk-in Closet(s): 1

Building Style

Above Flood: Yes Stilt Column Height: Tall - 10Ft & Over Stories: 2 Stories

Windows/Doors

Impact Rstnce Doors: 1 Impact Rstnce Window: 1 Sliding Glass Doors: 1

Vehicle Storage

Car(s): 4+ Covered Parking: 1 Garage: 1 Open Parking: 1 Attached: 1 Auto Door Opener: 1 Off Street Parking: 1

Construction

CBS: 1 Combo Construction: 1 Stucco: 1

Land Size

1/4 - 1/2 Acre: 1

Furnished

Furnished: 1

Utilities

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

Porch/Balcony

Deck: 1 Open Porch/Balcony: 1

Exterior Features

Fencing: 1 Sprinkler System: 1

Pool Info

In Ground: 1 Decked: 1

Financial Status

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

Shutters

Bahama: 1

Status Change Info

Sold Date: 2024-11-12 Sold Price: $3,615,000 Status: Closed

Property Features

Fee Includes: None Tax Exemptions: None Waterfront: Canal Front Waterview: Bay/Gulf View; Open Water View Vehicle Storage: Garage; Attached; Auto Door Opener; Covered Parking; Off Street Parking; Open Parking Furnished: Furnished Cooling: Ceiling Fans(s); Central Air Utilities: Elect Separate Meter; FKAA; Municipal Sewer; Sewer Available Interior Features: Built-in Cabinets; Pantry; Quartz Countertops; Walk-in Closet(s) Appliances: Dishwasher; Disposal; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s) Exterior Features: Fencing; Sprinkler System Pool Info: In Ground; Decked Construction: CBS; Combo Construction; Stucco Shutters: Bahama Pets: Pets Allowed Neighborhood Feature: Airstrip; Beach; Bike Paths; Community Boat Ramp Land Size: 1/4 - 1/2 Acre
Listing Office: Coldwell Banker Schmitt Real Estate Co.
Last Updated: November - 13 - 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.