Listing ID598912
Sold For$6,450,000
StatusClosed
Sold Date10/11/2023
SqFt
3,400
CountyMonroe
SubdivisionHarbor Isle (48.5)
Year Built1938
Property TypeCommercial
Property Sub TypeCommercial
Incredible Waterfront Development opportunity Bayside in Marathon. 3.65 Acres of Bayside Uplands plus 1.1 Acre of environmentally sensitive land. Private boat basin with 10 or more boat docks able to accommodate up to 36' Vessels. Recent City of Marathon approval for 8 Waterfront units, 6 market rate and 2 Transient Dwelling units. See uploaded docs. Current plans available call for a Gated community with eight 3,500 sf. Waterfront Estate Homes each 2 story, 4bd/4.5 bath with separate 2bd/2.5ba Guesthouse. Each home will have private pools, parking, massive decks and porches. Compound would include tennis courts and a shared conference room. In addition, approval for 3,400 sf. of Commercial Transferrable Building Rights (TBR's) which will be separate from the residential development with a wall and heavy tropical landscaping. Owner may consider Seller financing to qualified buyer.
County
Monroe
Property Sub Type
Commercial
Property Type
Commercial
Subdivision
Harbor Isle (48.5)
Year Built
1938
Zoning
MU - M - Mixed Use - Maritime
Appliances: Other
YES
SqFt Source
Seller
Construction
Combo Construction
Control Depth
3
Dock
Wood
Flood Zone
AE,VE,AE
Land Size
2 Less Than 5 Acres
Lot Size
207,057
Lot SqFt
207057
Off Shore Island
no
Off Street Parking
yes
Side
right
Style
Commercial
Total Units
8
Waterfront
yes
Waterfront Type
Bay Front
Waterview
Bay/Gulf View
Area
13 - 7 Mile Bridge to Sombrero Bch Rd E & W
Key/Island
Marathon
Mile Marker
48.5
Parcel Number
00102600-000000
Days On Market
622
Type 2
Other Comrcl Style,Other Services
Utilities
FKAA, Municipal Sewer
1st Right of Refusal
no
Bank Owned
no
Fee Includes
Other
Financial Status: Bank Owned
no
Financial Status: Potential Short Sale
no
For Sale/Lease
For Sale
HOA
no
Legal
9 66 32 KEY VACCAS PT LOT 2 & BAY BOTTOM NORTH OF & ADJ TO PT GOV LOT 2 G6-396 G9-572/73 G24-315 G59-297/98(II DEED 1984
Net Leasable Area
3400
Potential Short Sale
no
Tax Year
2021
Taxes
35573.89
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Contact - Listing ID 598912
American Caribbean Real Estate
81800 Overseas Highway
Islamorada, FL 33036
Phone: 3056644966
Fax: 3056648719
Data services provided by IDX Broker