58234 Overseas Highway

Marathon, FL 33050

$1,950,000
Price
7
Beds
6
Baths
1
1/2 Bath
3,026 Sq. Ft.
$644 / Sq. Ft.
3,026
Sq. Ft.
$644
per Sq. Ft.

Description

Unique 18,000 sq ft ocean front parcel with 5 units. Remember how the Key used to be? Parcel shares a boat ramp with adjacent parcel, owned bay bottom and 5 units recognized by the City of Marathon. The property contains a Triplex consisting of a 2/2 apt and two 1/1 apartments: a small cottage studio with 1 bath and a mobile home with 2 beds/1.5 baths. Triplex building sits directly on the Ocean and is currently undergoing spalling repairs. The property has been a vacation rental, but the vacation...Unique 18,000 sq ft ocean front parcel with 5 units. Remember how the Key used to be? Parcel shares a boat ramp with adjacent parcel, owned bay bottom and 5 units recognized by the City of Marathon. The property contains a Triplex consisting of a 2/2 apt and two 1/1 apartments: a small cottage studio with 1 bath and a mobile home with 2 beds/1.5 baths. Triplex building sits directly on the Ocean and is currently undergoing spalling repairs. The property has been a vacation rental, but the vacation rental license is currently stopped while repairs are under way. Potential buyers have several options. The current density on RM zoning allows for two units should a prospective buyer wish to demolish the existing units, rebuild two units, and sell or retain the remaining 3 Transferable Building Rights. Letter of Determination is under the Documents Tab.
  1. Listed by Joshua James Mothner • Coldwell Banker Schmitt Real Estate Co.
  2. Listed by Teri Hiller • Coldwell Banker Schmitt Real Estate Co.

Property Details for 58234 Overseas Highway

Waterfront
Oceanfront, Open Water
Waterfront
Yes
Zoning
RM - Residential Medium
Subdivision
Crains Sub (58.0)
Directions
US 1 to 58234 Overseas Highway.
Building Style
Other Bldg Style
Vehicle Storage
Off Street Parking
Pets
Pets Allowed
LISTING UPDATED: 12/08/2024 04:32 PM

Property Details for 58234 Overseas Highway

StatusActive
MLS #612603
Days on Market15
Taxes$12,299 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential / Multi-Units
Year Built1975
Lot Size0.41 AC / 18,000 SF
CountyMonroe County

Building Information for 58234 Overseas Highway

Stories2Residences5Year Built1975Building Size-Lot Size0.41 AC / 18,000 SF

Property Information for 58234 Overseas Highway

Summary
Location and General Information
  • Waterview: Ocean View, Open Water View
  • Area: 19 - Crawl Key & Grassy Key
  • Absolute Longitude: 80.952995
  • Control Depth: 1
  • Off Shore Island: No
  • Listing Board: Marathon/Lower Keys
  • Side: Ocean
  • Mile Marker: 58.0
  • Marathon Neighborhood: Grassy Key
  • Key/Island: Marathon
Owner
  • Owner Name: Owner of Record
Taxes and HOA Information
  • Association Info: Mandatory Home Owners Asc: No
  • Association Info: 1st Right of Refusal: No
  • License Info: # of City License: 1
  • Fee Includes: None
  • Furnished: Unfurnished
  • Tax Year: 2023
  • Tax Exemptions: None
Property
Lot Information
  • Acres: 0.18
  • SqFt Remarks: Square footage includes all three structures on site
  • Parcel #: 00368470-000000
  • Land Size: 1/4 - 1/2 Acre
Property and Assessments
  • Legal: BK 18 LT 20 CRAINS SUBD OF GRASSY KEY PB 1-51 AND ADJ PORTION OF FLAGLER STREET
  • MLS Approved: Y
  • Limited Representation: No
  • SqFt Source: Property Data Card
  • Flood Zone: VE,AE,AE,VE
  • Rentals Allowed: With Restrictions
  • Deed Restrictions: Unknown
  • Picture Count: 20
  • Document Count: 1
  • Building Style: Above Flood: No
  • Property Condition: Under Construction
  • Title: Negotiable
Utilities
  • Utilities: FKAA, Elect Separate Meter, Buyer to Verify, Municipal Sewer
  • Pub Sewer HkUp: Yes
  • Species List: No
  • Pool: No
  • Porch/Balcony: Open Porch/Balcony, Patio
Interior and Exterior Features
Interior Features
  • Appliances: Other: varied/multiple
Exterior Features
  • Construction: CBS, Manufactured
  • Dockage: Boat Ramp

Property History for 58234 Overseas Highway

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 58234 Overseas Highway

Taxable ValueLand$1,297,815Additions$125,002Total$1,422,817
Tax Record2023$10,828 ($902 / month)
Home Facts
Beds2Baths1Total Finished SqFt882 SqFtAbove Grade Finished SqFt882 SqFtStories1Lot Size24,395 SqFtStyleSingle Family ResidenceYear Built1968Year Renovated1993CountyMONROEAPN00368480-000000

Schools near 58234 Overseas Highway

This home is within Monroe.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 12
Charter - PK to 5
Charter - PK to 8
Rating
School
Distance
Stanley Switlik Elementary School
PublicPK to 5

Marathon School
Public6 to 12

Big Pine Academy
CharterPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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58234 Overseas Highway is a multi-family home for sale in Marathon, FL 33050. This property was listed for sale on December 7, 2024 by Coldwell Banker Schmitt Real Estate Co., it's currently listed at $1,950,000. This listing's school district is Monroe. Nearby schools include Stanley Switlik Elementary School, Marathon School and Big Pine Academy. 58234 Overseas Highway is a 7-bed, 6.5-bath, 3,026 sqft multi-family home built in 1975.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Coldwell Banker Schmitt Real Estate Co.

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.