75971 Overseas Highway, Lower Matecumbe, FL 33036

$2,700,000
Property Type: Residential Bedrooms: 4 Baths: 5 Square Footage: 6,065 Lot Size (sq. ft.): 42,253 Status: Closed
Current Price: $2,700,000 List Date: 10/15/2020 Last Modified: 9/03/2024

Description

GREAT NEW PRICE! Beachfront Estate & Income Property! A successful weekly vacation rental, 'Turtle Nest Estate' has achieved an average gross income of $200,000/year so this property could potentially be self-funding! Booked leases will be transferred to buyer upon sale. In addition to rental income, you can also enjoy your own tropical beachfront paradise in desirable Islamorada near all the most popular diving and fishing spots. Relax on the 150-foot beach, soak in some rays by the pool, or enjoy nearby fine dining, entertainment & local attractions. This luxurious home offers a 1.3 acre lot, more than 6,000 sf under air, an oceanfront pool with integrated hot tub, a wade-in sandy beach and an observation pier. Two-car garage, theater room, split floor plan, guest wing & more!

Supplements: One of the remarkable features of this home is the expansive great room which features walls of sliding glass that pocket back to open up the entire living room and welcome in the wrap-around open ocean views. The split plan also offers owner privacy with the upstairs private master suite situated opposite the additional bedrooms and the attached private 1/1 guest wing. The guest wing is connected to the main house through a shared bath, but it can be closed off because it has its own outside entrance by the pool. The guest wing has a completely separate living room with stunning floor-to-ceiling open ocean views on two sides and its own large bedroom with ocean view and master-sized ensuite bath. If needed, the upstairs living room loft, the movie theater room and the guest wing living room could all be converted for use as additional bedrooms for guests. You must see this house in person to appreciate how it was designed to fully incorporate the open ocean views through almost every room. It's all about the view!

More Information MLS# 588803

Contract Information

Listing Board: Florida Keys As is Rght to Inspct: Yes Potential Short Sale: No Bank Owned: No Species List: Yes Current Price: $2,700,000 Listing Date: 2019-12-19 Sold Price: $2,700,000

Location, Tax & Legal

City: ISLAMORADA Off Shore Island: No Mile Marker: 75 Marathon Neighborhood: N/A Side: Ocean Flood Zone: AE,VE Alternate Key #: 1487813 Handicap Access: Yes Parcel #: 00395410-000000 Zoning: RE - Residential Estate Deed Restrictions: Unknown Legal: MAT OCEAN-BAY SEC-1 AMENDED & EXTENDED PB2-96 LOT 24 BLK 3 & NE'LY 1/2 LOT 23 BLK 3 G59-156/158 OR1037-1082D/C OR1191-13 Taxes: 28861 Tax Year: 2019 Pub Sewer HkUp: Yes Street #: 75971 Street Name: Overseas Street Suffix: Highway Key/Island: Lower Matecumbe State/Province: FL Zip Code: 33036 County: Monroe Subdivision: Mat Ocean Bay (75.0) Area: 22 - Lower Matecumbe

General Property Description

Realtor.COM Type: Residential - Single Family Waterfront: Yes Control Depth: 2 Lot Size: 430 x 150 Lot SqFt: 42253 Pool: Yes Total Units: 1 Acres: 1.31 SqFt Source: Tax Records Rentals Allowed: Yes Min Rental Days: 7 Style: Single Family Year Built: 2006 Living Apx SqFt: 6065 Total Bedrooms: 4 Full Baths: 4 Half Baths: 1 Total Baths: 5

Remarks & Misc

Remarks – Consumer: GREAT NEW PRICE! Beachfront Estate & Income Property! A successful weekly vacation rental, 'Turtle Nest Estate' has achieved an average gross income of $200,000/year so this property could potentially be self-funding! Booked leases will be transferred to buyer upon sale. In addition to rental income, you can also enjoy your own tropical beachfront paradise in desirable Islamorada near all the most popular diving and fishing spots. Relax on the 150-foot beach, soak in some rays by the pool, or enjoy nearby fine dining, entertainment & local attractions. This luxurious home offers a 1.3 acre lot, more than 6,000 sf under air, an oceanfront pool with integrated hot tub, a wade-in sandy beach and an observation pier. Two-car garage, theater room, split floor plan, guest wing & more! Directions: Private driveway off U.S. 1 at mile marker 75.9 oceanside. Slow down and look for sign.

Association Info

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

License Info

Transient Rntl Licns: Yes

Fee Includes

None: 1

Dockage

None: 1

Tax Exemptions

None: 1

Appliances

Dishwasher: 1 Dryer: 1 Oven: 1 Range: 1 Refrigerator: 1 Washer: 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

Marble: 1 Tile: 1

Interior Features

Built-in Cabinets: 1 Cathedral Ceilings: 1 Elevator: 1 Granite Counter Top: 1 Split Bedroom: 1 Walk-in Closet(s): 1 Whirlpool Bath Tub: 1

Specialty Rooms

Guest/Servant Qtrs: Legal Laundry Room: 1

Building Style

Above Flood: Yes

Windows/Doors

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

Vehicle Storage

Covered Parking: 1 Garage: 1 Guest Parking: 1 Open Parking: 1 RV Parking Open: 1 Attached: 1 Off Street Parking: 1 Trailer Storage: 1

Construction

CBS: 1

Land Size

1 Less Than 2 Acres: 1

Furnished

Negotiable: 1

Utilities

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

Porch/Balcony

Open Porch/Balcony: 1 Patio: 1

Title

Title Ins - Buyer: 1

Exterior Features

Sandy Beach: 1

Pool Info

In Ground: 1 Other: partially elevated Concrete: 1 Decked: 1

Roof

Metal Roof: 1

Financial Status

Bank Owned: No Potential Short Sale: No

Accessibility Feat

Accessible Elevator Installed: 1

Status Change Info

Sold Date: 2021-01-19 Sold Price: $2,700,000 Status: Closed

Property Features

Fee Includes: None Tax Exemptions: None Waterfront: Oceanfront; Open Water Waterview: Ocean View; Open Water View Dockage: None Vehicle Storage: Garage; Attached; Covered Parking; Guest Parking; Off Street Parking; Open Parking; RV Parking Open; Trailer Storage Furnished: Negotiable Cooling: Ceiling Fans(s); Central Air Utilities: Cable Available; Elect Separate Meter; FKAA; Municipal Sewer; Water Separate Meter Interior Features: Built-in Cabinets; Cathedral Ceilings; Elevator; Granite Counter Top; Split Bedroom; Walk-in Closet(s); Whirlpool Bath Tub Specialty Rooms: Laundry Room Appliances: Dishwasher; Dryer; Oven; Range; Refrigerator; Washer Exterior Features: Sandy Beach Accessibility Feat: Accessible Elevator Installed Pool Info: In Ground; Concrete; Decked Construction: CBS Floor: Marble; Tile Roof: Metal Roof Pets: Pets Allowed Land Size: 1 Less Than 2 Acres Title: Title Ins - Buyer
Listing Office: Coldwell Banker Schmitt Islamorada
Last Updated: September - 03 - 2024
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