1250 24Th Street Ocean $2,500,000

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    1250 24Th Street Ocean Marathon, FL 33050

    Contingent/Show
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    • 5 Beds
    • 5 Baths
    • 966 sq. ft.
    • Multi-Family
    • MLS# 599351
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    Views: 4 Days On Site: 201

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    Property Details

    Description Tours Download PDF

    Unique opportunity to own this 'half-island' expansive property overlooking the picturesque sailboat views of Boot Key Harbor. Enjoy the boat ride out to the Ocean while you cruise past the Boot Key Bridge with ease to find waterfront restaurants where you can dock and enjoy close by. Access the Ocean instantly or the Bay/Gulf quickly via the famous 7-mile bridge. This property offers several highly sought-after rental opportunities in the Florida Keys ranging from multiple homes to exceptional dockage space in an ideal boating location. Featuring over 14,000 square feet, this half peninsula that overlooks the Boot Key Harbor Channel is a multi-family zoned property centrally located in Marathon. There are a total of 3 mobile homes on the premises as well as 1 vacant lot at the very end. This property offers approximately 200 feet of concrete seawall dockage. The furthest end of the property is a vacant corner lot surrounded by water and READY TO BUILD boasting crystal clear waters & stunning ocean views. 1st Mobile Home: 2BD/2BA 2nd Mobile Home: 2BD/1BA 3rd Mobile Home: 1BD/1BA w/sunroom Sellers also have 4 Market Rate TBR's with the letter in hand from the City of Marathon. This one is a must-SEA opportunity!

    • General Features
      • Acreage 0.55
      • Square Footage 966
      • Style Multi-Units
      • Fee Includes None
      • Key Island Marathon
      • Pets Pets Allowed
      • Potential Short Sale No
      • Bank Owned No
      • Subdivision Sombrero Sub (49.5)
      • Rentals Allowed Yes
      • Taxes $8,568
      • Tax Exemptions None
      • Tax Year 2021
      • Deed Restrictions Unknown
    • Building Features
      • Appliances Dishwasher, Dryer, Freezer, Microwave, Oven, Range, Refrigerator, Stainless Steel Appl, Washer
      • Cooling Heating Ceiling Fans, Central A/C, Window/Wall Unit
      • Floor Combo, Laminate
      • Interior Features Bar, Built-in Cabinets, Pantry, Storage
      • Porch/Balcony Open Porch/Balcony, Patio
      • Roof Metal Roof, Shingle Roof
      • Windows/Doors Single Hung Windows, Sliding Glass Doors
      • Shutters Other
    • Room Features
      • Specialty Rooms Sun/Florida Room
    • Property Features
      • Exterior Features Bar, Shed, Storage
      • Garage Spaces 4+
      • Pool No
      • Pre-Wired Cable
      • Dockage Davits
      • Dockage - Dock Concrete
      • Dockage - Seawall Concrete
      • Side Ocean
      • Water View Canal View, Open Water View
      • Waterfront Property Yes
      • Waterfront Type Canal Front
      • Utilities Buyer to Verify, Elect Separate Meter, FKAA, Municipal Sewer
      • Pub Sewer HkUp Yes
      • Zoning RM - Residential Medium

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    Neighborhood

    33050 (Marathon) Demographics

    49 Median Age
    201 Population Density (per sq. mile)
    42% College Educated
    $58,120 Estimated Median Income
    2,229 Estimated Total Home Owners
    1,954 Estimated Total Renters
    53% / 47% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    9,530 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $764,500 Median Sales Price
    24 Homes Sold
    31 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $2,500,000
        7/19/2022 3:03:32 PM Status Changed Source: Multiple Listing Service New Value: Contingent/Show
        3/16/2022 2:48:28 PM Price Reduced Source: Multiple Listing Service New Value: $2,500,000 -23.08%
        1/26/2022 10:19:00 AM New in Database Source: Multiple Listing Service New Value: $3,250,000

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        ** Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Listing information is provided in part by the Internet Data Exchange (IDX) program of the Florida Keys Board of REALTORS®, Inc. The information on this website is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified. Copyright 2022 Florida Keys Board of REALTORS®, Inc. All rights reserved.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.