2264 Overseas Highway $10,895,000

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    2264 Overseas Highway Marathon, FL 33050

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    $10,895,000

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    • 12,716 sq. ft.
    • Commercial
    • MLS# 592061
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    Views: 8 Days On Site: 79

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    Property Details

    Strong Investment Opportunity with a solid 8% Cap Rate! Private turn-key waterfront compound w/ minimal expenses for weekly rental community. Eight 4 bedroom 3 bathroom new homes built to windstorm standards. Each home is setup to enjoy their own privacy w/ balconies, covered parking, dockage & private pools. Excellent rental history & future bookings perfectly setup to maximize rentals & minimize expenses. Zoned Mixed Use Commercial with 1.38 acres and features commercial property directly on US Hwy-1with redevelopment opportunity on the close to ~13,000sf lot. Located next door to the Courtyard by Marriott in Marathon, FL at mile marker 48.2 in the Florida Keys.

    • General Features
      • Land Size 1 Less Than 2 Acres
      • Building Square Footage 12,716
      • For Sale or Lease For Sale
      • Type Other Comrcl Style, Other Services
      • Style Commercial
      • Fee Includes None
      • Subdivision Misc Marathon West (49.0)
      • Key Island Marathon
      • Miscellaneous Chickee Hut, Fencing, High Traffc Location, High Visibility, Open Water View, Patio, Pool
      • Potential Short Sale No
      • Bank Owned No
      • Taxes $32,556
      • Tax Year 2019
    • Building Features
      • Interior Features Other
      • Appliances Dishwasher, Disposal, Dryer, Range, Refrigerator, Washer
      • Construction CBS, Manufactured
    • Property Features
      • Dockage Dock Privileges
      • Side Bay/Gulf
      • Waterfront Property Yes
      • Waterfront Type Bay Front, Gulf Front
      • Utilities FKAA, Municipal Sewer
      • Zoning MU - Mixed Use Commercial Mixed Use

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    Neighborhood

    33050 (Marathon) Demographics

    43 Median Age
    1,036 Population Density (per sq. mile)
    35% College Educated
    $52,250 Estimated Median Income
    2,067 Estimated Total Home Owners
    1,429 Estimated Total Renters
    59% / 41% Estimated Owner / Renter Divide
    4 Estimated Average Household Size
    9,417 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $577,000 Median Sales Price
    44 Homes Sold
    63 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 New Value: $10,895,000
        8/12/2020 10:24:00 AM New in Database Source New Value: $10,895,000

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        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 2020 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.