57520 Overseas Highway
Marathon, FL 33050
MLS# 606512
Status:
Closed2 beds | 2 baths | 1815 sqft
Property DescriptionThis captivating beachfront property is nestled on the Oceanside of Grassy Key. This property boasts approximately 235 feet of pristine beachfront, a rare treasure in this sought-after location. Encompassing a substantial expanse of approximately 2.68 acres, this stilted single-family home lot stands as a canvas for transformation. The existing concrete home has a standing seam metal roof and is on durable stilts with a concrete pad beneath.
While the existing home is habitable, it presents an enticing canvas for renovation, expansion, or even a complete redevelopment to craft your dream coastal haven. The property's RL zoning permits the construction of a primary residence, as well as additional accessory structures, providing ample space for all your desires such as a pool, tiki, gazebos etc. Set on the outskirts of Marathon makes access from the mainland convenient, enhancing the appeal of this truly exclusive haven.This property is not only a canvas for architectural creativity but also an invitation to an active and versatile lifestyle. The vast expanse of land accommodates various possibilities, from creating a palatial private estate with all the luxuries imaginable, to incorporating space for RV, campers, kayaks, and paddle boards embodying the ultimate waterfront living experience.
There's a letter of site condition available upon request. The uplands area, estimated to be around 65,000 square feet more or less, contributes to the property's unique character and potential. Prospective buyers are encouraged to obtain a survey to fully appreciate the dimensions and potential of this remarkable property. What's more, the existing home on the property provides the distinct advantage of allowing redevelopment without the need to navigate through the BPAS or ROGO processes, streamlining the path to realizing your coastal paradise. Seize this rare opportunity to own an extensive beachfront property!
Current Price: $1,600,000
Listing Date: 2023-08-31
Listing Board: Marathon/Lower Keys
Leased Price Monthly: $1,600,000
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
Species List: Yes
Street #: 57520
Street Name: Overseas
Street Suffix: Highway
Key/Island: Marathon
State/Province: FL
Zip Code: 33050
County: Monroe
Subdivision: Crains Sub (58.0)
Area: 19 - Crawl Key & Grassy Key
Realtor.COM Type: Residential - Single Family
Style: Single Family
Year Built: 1994
Lot SqFt: 116740
Lot Sqft Source: Tax Records
Acres: 2.68
Living Apx SqFt: 1815
SqFt Source: Tax Records
Total Bedrooms: 2
Full Baths: 2
Total Baths: 2
Rentals Allowed: Yes
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Above Flood: Yes
Stilt Column Height: Medium - 5Ft - 9Ft
Auction: No
Bank Owned: No
Potential Short Sale: No
Standard Sale: Yes
Under Contract Date: 2024-03-08
Leased Date: 2024-04-17
Leased Price Monthly: $1,600,000
Status: Closed
Tax Exemptions: Homestead
Waterfront: Oceanfront; Open Water
Waterview: Ocean View; Open Water View
Vehicle Storage: Covered Parking; Guest Parking; Off Street Parking; Open Parking; RV Parking Open; Trailer Storage
Cooling: Ceiling Fans(s); Central Air
Utilities: Elect Separate Meter; FKAA; Municipal Sewer; Water Separate Meter
Appliances: Dishwasher; Microwave; Oven; Range; Refrigerator
Neighborhood Feature: Airstrip; Beach; Bike Paths
Land Size: 2 Less Than 5 Acres
Listing Office: Coldwell Banker Schmitt Real Estate Co.
Last Updated: September - 02 - 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.