$2,850,000
Marathon, FL 33050
MLS# 605984
Status: Closed
5 beds | 3 baths | 1614 sqft
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Property Description
Nestled within the coveted Ocean East peninsula in Marathon, FL, stands an exquisite oceanfront residence that epitomizes luxury living. This premier property is situated on one of the most esteemed and sought-after streets in Marathon, known for its unparalleled allure. This home has undergone extensive updates, including new storm impact windows and doors, a new kitchen, updated bathrooms, flooring, and tasteful furnishings. Capitalizing off this investment is easy; it currently holds a transferable vacation rental license through the City of Marathon and turnkey produces over $200K a year income with heavy owner usage. This makes it an attractive investment opportunity for those interested in vacation rentals. The residence offers stunning views during the day, and at night, you can enjoy the sight of 5 miles of shoreline lights. It features a pool, jacuzzi, dock, and a spacious backyard with excellent outdoor living space overlooking the ocean. The exterior is enhanced with aesthetically pleasing lighting, a new Fish light and there is a firepit for evening enjoyment, adding to the ambiance. This property presents an ideal opportunity for either a vacation rental investment or as a full-time residence. Offering luxury in an upscale location.
Details
Contract Information
Listing Board: Florida Keys
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
Species List: No
Current Price: $2,850,000
Listing Date: 2023-07-15
Sold Price: $2,850,000
Location, Tax & Legal
City: MARATHON
Off Shore Island: No
Mile Marker: 50
Marathon Neighborhood: Sombrero
Side: Ocean
Flood Zone: VE,VE
Alternate Key #: 1122394
Parcel #: 00104670-001000
Zoning: RM-1 - Residential Medium - 1
Deed Restrictions: No
Legal: 14 66 32 BOOT KEY (AKA UNRECORDED OCEAN EAST INC REV SURVEY APRIL 14 1975 LOT 10) OR553-765 OR859-733/34 OR1100-1112/13
Taxes: 15206.06
Tax Year: 2022
Pub Sewer HkUp: Yes
Street #: 10
Direction: E
Street Name: Ocean
Street Suffix: Drive
Key/Island: Marathon
State/Province: FL
Zip Code: 33050
County: Monroe
Subdivision: Ocean East (50.0)
Area: 14 - Sombrero Area
General Property Description
Realtor.COM Type: Residential - Single Family
Waterfront: Yes
Control Depth: 4
Lot Size: 100 x 122
Lot SqFt: 13000
Pool: Yes
Lot Sqft Source: Property Data Card
Total Units: 1
Acres: 0.29
SqFt Source: Survey
Rentals Allowed: Yes
Min Rental Days: 7
Style: Single Family
Year Built: 1992
Living Apx SqFt: 1614
Total Bedrooms: 5
Full Baths: 3
Total Baths: 3
Remarks & Misc
Remarks – Consumer: Nestled within the coveted Ocean East peninsula in Marathon, FL, stands an exquisite oceanfront residence that epitomizes luxury living. This premier property is situated on one of the most esteemed and sought-after streets in Marathon, known for its unparalleled allure. This home has undergone extensive updates, including new storm impact windows and doors, a new kitchen, updated bathrooms, flooring, and tasteful furnishings. Capitalizing off this investment is easy; it currently holds a transferable vacation rental license through the City of Marathon and turnkey produces over $200K a year income with heavy owner usage. This makes it an attractive investment opportunity for those interested in vacation rentals.
The residence offers stunning views during the day, and at night, you can enjoy the sight of 5 miles of shoreline lights. It features a pool, jacuzzi, dock, and a spacious backyard with excellent outdoor living space overlooking the ocean. The exterior is enhanced with aesthetically pleasing lighting, a new Fish light and there is a firepit for evening enjoyment, adding to the ambiance.
This property presents an ideal opportunity for either a vacation rental investment or as a full-time residence. Offering luxury in an upscale location.
Association Info
Mandatory Home Owners Asc: Yes
Voluntary Home Owners Asc: Yes
1st Right of Refusal: No
Association Fee $: 200
Assoc/Mnt Fee Per: Yearly
License Info
Transient Rntl Licns: Yes
Fee Includes
Common Area Mnt: 1
Dockage
Dock Length: 30
Dock: Wood
Seawall: Rip Rap
Tax Exemptions
None: 1
Appliances
Dishwasher: 1
Disposal: 1
Dryer: 1
Freezer: 1
Ice Machine: 1
Microwave: 1
Oven: 1
Range: 1
Refrigerator: 1
Stainless Steel Appliance(s): 1
Trash Compactor: 1
Washer: 1
Pets
Pets Allowed: 1
Cooling
Ceiling Fans(s): 1
Central Air: 1
Ductless: 1
Heat Pump: 1
Heating
Central: 1
Waterfront
Oceanfront: 1
Open Water: 1
Waterview
Ocean View: 1
Open Water View: 1
Floor
Laminate: 1
Tile: 1
Neighborhood Feature
Beach: 1
Fire Hydrant: 1
Interior Features
Built-in Cabinets: 1
Cathedral Ceilings: 1
Drapes/Blinds Incl: 1
Entrance Foyer: 1
Pantry: 1
Quartz Countertops: 1
Storage: 1
Walk-in Closet(s): 1
Whirlpool Bath Tub: 1
Window Treatments: 1
Property Condition
Updated/Remodeled: 1
Specialty Rooms
Guest/Servant Qtrs: Non-Conforming
Laundry Room: 1
Utility Room: 1
Other: 1
Building Style
Above Flood: No
Stories: 2 Stories
Windows/Doors
Impact Rstnce Doors: 1
Impact Rstnce Window: 1
Vehicle Storage
Car(s): 4+
Guest Parking: 1
Open Parking: 1
RV Parking Open: 1
Off Street Parking: 1
Trailer Storage: 1
Security
Electric Gate: 1
Patrolled Area: 1
Construction
CBS: 1
Concrete: 1
Land Size
1/4 - 1/2 Acre: 1
Furnished
Furnished: 1
Terms
Cash: 1
Conventional: 1
FHA: 1
Seller Finance Psble: 1
VA: 1
Utilities
Buyer to Verify: 1
Cable Available: 1
FKAA: 1
Water Separate Meter: 1
Porch/Balcony
Open Porch/Balcony: 1
Patio: 1
Title
Negotiable: 1
Exterior Features
Hot Tub: 1
Lanai: 1
Sandy Beach: 1
Pool Info
In Ground: 1
Heated: Yes
Fiberglass: 1
Pre-Wired
Cable: 1
Roof
Tile Roof: 1
Financial Status
Auction: No
Bank Owned: No
Potential Short Sale: No
Standard Sale: Yes
Status Change Info
Sold Date: 2024-03-11
Sold Price: $2,850,000
Status: Closed
Property Features
Fee Includes: Common Area Mnt
Tax Exemptions: None
Waterfront: Oceanfront; Open Water
Waterview: Ocean View; Open Water View
Property Condition: Updated/Remodeled
Vehicle Storage: Guest Parking; Off Street Parking; Open Parking; RV Parking Open; Trailer Storage
Furnished: Furnished
Cooling: Ceiling Fans(s); Central Air; Ductless; Heat Pump
Heating: Central
Utilities: Buyer to Verify; Cable Available; FKAA; Water Separate Meter
Interior Features: Built-in Cabinets; Cathedral Ceilings; Drapes/Blinds Incl; Entrance Foyer; Pantry; Quartz Countertops; Storage; Walk-in Closet(s); Whirlpool Bath Tub; Window Treatments
Pre-Wired: Cable
Specialty Rooms: Laundry Room; Utility Room; Other
Appliances: Dishwasher; Disposal; Dryer; Freezer; Ice Machine; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Trash Compactor; Washer
Exterior Features: Hot Tub; Lanai; Sandy Beach
Pool Info: In Ground; Fiberglass
Construction: CBS; Concrete
Floor: Laminate; Tile
Roof: Tile Roof
Pets: Pets Allowed
Neighborhood Feature: Beach; Fire Hydrant
Security: Electric Gate; Patrolled Area
Land Size: 1/4 - 1/2 Acre
Terms: Cash; Conventional; FHA; Seller Finance Psble; VA
Title: Negotiable
Listing Office: RE/MAX All Keys Real Estate
Last Updated: September - 01 - 2024
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