Skip To Content

2264 Overseas Highway

Marathon, FL 33050
  • $9,975,000
  • STATUS: Active
  • ON SITE: 16 Days
  • MLS #: 598993
$9,975,000
  • 32
    BEDS
  • 1.38
    ACRES
  • 24
    BATHS
  • 0
    1/2 BATHS
  • 2,304
    SQFT
  • $4,329
    $/SQFT
Type:
Commercial
Built:
1953
County:

School Ratings & Info

Description

Built in 2018, turnkey waterfront development comprised of eight single family houses currently licensed as weekly vacation rentals, each with four bedrooms and three full bathrooms, built to current windstorm standards. Each home is designed for guests to enjoy their own private pool, laundry, outdoor grill area, covered parking and balconies. Excellent rental history and future bookings with tremendous growth opportunity. This vacation rental compound was built to maximize income and minimize overhead. Guests can enjoy the community beach, kayak launch, docks, tiki hut, fish cleaning station, plus nearby amenities including tons of local dining options, two popular beaches, two major marinas and Marathon Airport. This property is only one hour from the Key West airport and 2.5 hours from the Miami airport. Monthly rental rates currently average $12,400/mo for each unit 1-5 and $16,500/mo for each unit 6-8.

Monthly Payment Calculator



The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than The Mullins Team | Coldwell Banker Schmitt Real Estate Company are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.lowerkeyshomes.com/homes/124376706
Print Image

2264 Overseas Highway Marathon, FL 33050

  • Price: $9,975,000
  • Status: Active
  • On Site: 16 Days
  • MLS #: 598993
32
Beds
24
Baths
0
½ Baths
1.38
Acres
2,304
SQFT
$4,329
$/SQFT
1953
Built
Neighborhood:
Misc Marathon West (49.0)
County:
Monroe
Area:
13 - 7 Mile Bridge To Sombrero Bch Rd E & W
Property Description
Built in 2018, turnkey waterfront development comprised of eight single family houses currently licensed as weekly vacation rentals, each with four bedrooms and three full bathrooms, built to current windstorm standards. Each home is designed for guests to enjoy their own private pool, laundry, outdoor grill area, covered parking and balconies. Excellent rental history and future bookings with tremendous growth opportunity. This vacation rental compound was built to maximize income and minimize overhead. Guests can enjoy the community beach, kayak launch, docks, tiki hut, fish cleaning station, plus nearby amenities including tons of local dining options, two popular beaches, two major marinas and Marathon Airport. This property is only one hour from the Key West airport and 2.5 hours from the Miami airport. Monthly rental rates currently average $12,400/mo for each unit 1-5 and $16,500/mo for each unit 6-8.
Exterior Features

Construction Combo ConstructionConcreteOther Dockage Dock Privileges Dockage Dock Wood Land Size 2 Less Than 5 Acres Lot Size 144*93 Miscellaneous Chickee HutFencingHigh VisibilityHighway FrontageOpen Water ViewPoolStorageUtility Building Roof Metal Roof Side Bay/Gulf Style Commercial Vehicle Storage CarportCovered Parking Waterfront Bay FrontGulf FrontOpen Water Waterfront YN Yes Waterview Bay/Gulf ViewOpen Water View

Interior Features

Appliances DishwasherDisposalDryerRangeRefrigeratorWasher Cooling Heating Ceiling FansCombination A/C Dishwashers 8 Floor Tile Floor Interior Features Drapes/Blinds InclFurnishedLaundry RoomSmoke AlarmsWindow Treatments Kitchens 8 Range Ovens 8 Refrigerators 8 Washers 8 Windows Doors Impact Rstnce DoorsImpact Rstnce Window

Property Features

Assoc Hoa YN No Assoc Right Of Refusal No Bank Owned No Bank Owned Financial Status No City Marathon Commercial Type Hotel/MotelOther Comrcl Style Control Depth 5 Deed Restrictions No Dryers 8 Fee Includes None Fema List No Flood Zone AeAeVe Listing Board Marathon/Lower Keys Mile Marker 49.00 Off Shore Island No Potential Short Sale No Potential Short Sale Financial Status No Property Type Commercial Sq Ft Source Tax Records Tax Year 2021 Taxes 35751.58 Tenant Paid Tnt Pays No Utils Total Units 0.00 Utilities Buyer To Verify Zoning Mu - Mixed Use Commercial Mixed Use

Listing courtesy of Alexia Mann of Seafarer Realty Llc.


The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than The Mullins Team | Coldwell Banker Schmitt Real Estate Company are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
 
https://bt-photos.global.ssl.fastly.net/flkeys/1280_boomver_1_598993-2.jpg https://bt-photos.global.ssl.fastly.net/flkeys/1280_boomver_1_598993-2.jpg https://bt-photos.global.ssl.fastly.net/flkeys/1280_boomver_1_598993-2.jpg
Logo
The Mullins Team | Coldwell Banker Schmitt Real Estate Company
1201 White Street, Suite 101
Key West FL, 33040