92510 Overseas Highway, Key Largo, FL 33070

$1,975,000
Property Type: Residential Bedrooms: 5 Baths: 6 Square Footage: 3,179 Lot Size (sq. ft.): 50,075 Status: Closed
Current Price: $1,975,000 List Date: 2/12/2020 Last Modified: 9/04/2024

Description

Nestled just off Overseas Hwy, among lush tropical landscaping, is a very desirable set of 3 cottages overlooking the vibrant waters of the Florida Bay. Each of the cottages, which are legal for weekly rentals, are joined together by winding passageways, palm trees, and tropical foliage. Starting from the bay, the first cottage is in a prime location for the vivid Florida Keys sunsets over the Florida Bay. The 1,602 square foot cottage features 2 bedrooms, 2 baths, and french doors designed to catch both the views and the breeze. The second cottage, the smallest of the 3 at 608 square feet, sits garden-side and features a studio with a separate bedroom for a total of 2 beds and 2 baths.

Supplements: Down the brick pathway, the final cottage sits on the entrance to the property and opens up to a shady sitting area and Chickee hut. The 969 square foot cottage also has 2 bedrooms and 2 baths and french doors that open to the banyan tree and other abundant local flora. The gated grounds open up to the twisting driveway that leads straight to the bay with plenty of room for parking off to the side. At the end of the driveway, the vegetation opens up to a shaded Tiki Hut, natural coral rock, beach walk and cement seawall. A jetty provides protection for a dock for a boat, and another dock juts out into the Florida bay and provides a lift and dockage for larger vessels. This beautiful estate is the perfect investment property offering exceptional rental income potential and room to expand. Two additional Transferable Development Rights will be conveyed with this sale~!

More Information MLS# 589741

Contract Information

Listing Board: Florida Keys Current Price: $1,975,000 Listing Date: 2020-02-12 Sold Price: $1,975,000

Location, Tax & Legal

KW Neighborhood: Outside of Key West City: Tavernier Off Shore Island: No Mile Marker: 92 Marathon Neighborhood: N/A Side: Bay/Gulf Flood Zone: VE,AE,AE Alternate Key #: 1605590 Parcel #: 00490160-000000 Zoning: MU - Mixed Use Commercial Mixed Use Deed Restrictions: Unknown Legal: PLAT OF SURVEY OF ELLIS PROPERTY KEY LARGO PB2-99 S-100 FT OF N-300 FT & .70AC BAY BTM TRACT 1 OR289-286 OR409-394(II DE Taxes: 16444.65 Tax Year: 2019 Pub Sewer HkUp: Yes Street #: 92510 Street Name: Overseas Street Suffix: Highway Key/Island: Key Largo State/Province: FL Zip Code: 33070 County: Monroe Subdivision: Misc Sub Lower K.L. (92.0) Area: 26 - Key Largo S of MM 96.9

General Property Description

Realtor.COM Type: Multi-family Waterfront: Yes Control Depth: 4 Lot Size: 50,075 sq ft + 29,620 submerged Lot SqFt: 50075 Total Units: 0 Acres: 0.68 SqFt Source: Property Data Card Rentals Allowed: Yes Min Rental Days: 7 Style: Single Family Year Built: 1964 Living Apx SqFt: 3179 Total Bedrooms: 5 Full Baths: 6 Total Baths: 6

Remarks & Misc

Remarks – Consumer: Nestled just off Overseas Hwy, among lush tropical landscaping, is a very desirable set of 3 cottages overlooking the vibrant waters of the Florida Bay. Each of the cottages, which are legal for weekly rentals, are joined together by winding passageways, palm trees, and tropical foliage. Starting from the bay, the first cottage is in a prime location for the vivid Florida Keys sunsets over the Florida Bay. The 1,602 square foot cottage features 2 bedrooms, 2 baths, and french doors designed to catch both the views and the breeze. The second cottage, the smallest of the 3 at 608 square feet, sits garden-side and features a studio with a separate bedroom for a total of 2 beds and 2 baths. Directions: Heading South, Just past Island Bay resort, on Overseas Hwy/US-1.

Status Change Info

Sold Comments: Sold with 2x accompanying properties Sold Date: 2020-05-04 Sold Price: $1,975,000 Status: Closed

Association Info

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

Fee Includes

Other: 1

Dockage

Dock: Wood Basin: 1 Seawall: Concrete

Tax Exemptions

None: 1

Appliances

Dishwasher: 1 Dryer: 1 Microwave: 1 Oven: 1 Range: 1 Refrigerator: 1 Trash Compactor: 1 Washer: 1

Pets

Pets Allowed: 1

Waterfront

Bay Front: 1 Open Water: 1

Waterview

Bay/Gulf View: 1 Open Water View: 1

Building Style

Above Flood: Unknown Stories: 1 Story

Construction

CBS: 1

Land Size

1 Less Than 2 Acres: 1

Utilities

Buyer to Verify: 1

Exterior Features

Bar: 1 Chickee Hut: 1 Fencing: 1

Property Features

Fee Includes: Other Tax Exemptions: None Waterfront: Bay Front; Open Water Waterview: Bay/Gulf View; Open Water View Dockage: Basin Utilities: Buyer to Verify Appliances: Dishwasher; Dryer; Microwave; Oven; Range; Refrigerator; Trash Compactor; Washer Exterior Features: Bar; Chickee Hut; Fencing Construction: CBS Pets: Pets Allowed Land Size: 1 Less Than 2 Acres
Listing Office: Coldwell Banker Schmitt Islamorada
Last Updated: September - 04 - 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.