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58622 Overseas Highway
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PRICED AT ONLY: $1,225,000

Address: 58622 Overseas Highway, MARATHON, FL 33050

Description

Prestigious millionaire row with beautiful sun rises every day. You have unobstructed views of the Atlantic Ocean, 60 ft of shoreline & 24k sq ft of uplands. Lot is 60'x 395' deep. You can have ocean views in multiple rooms on multiple levels. Natural trees and fencing create privacy, and there is a marina across the street. Property conveys with house plans recently approved by the city of Marathon and are ready to be sent off to DEO therefore reducing wait time to break ground. Plans are for a 4,630 sf home with 9632 sqft under roof with 6 bedroom, 5.5 bath home with 4 ensuites, Double laundry rooms 1 on each floor, a game room/possible 7th bedroom, pool, and large garage, original quote was 2.1 million to build. For under 3.5 million you could have an exceptional home well below market value! A home very similar just sold for 5.5 million. Houses of this magnitude rent from 17K 25K a week in peak season, which would provide a nice investment. Price for the lot includes 1TBR, however there is another TBR on property that can be purchased in addition. See MLS#607040. 2 homes can be built on this site buyer to verify with the city of Marathon. These building rights do not expire, are not subject to a 2023 deadline or building moratorium. Build two rental houses on the compound and double the rentals! Could make over a million a year in rental income if done correctly. This property has so many possibilities. Attached are the layout and survey so you can see where the house can be built and give an idea of how much space is here, can get close to water and guarantee an unobstructed western view of the ocean for a depth on property of 50 feet! We can build back to the existing location of the house. The property's oceanfront location offers unparalleled natural beauty and provides access to a wide range of water activities. Don't miss out on this exceptional opportunity to own a piece of oceanfront paradise.

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More Like This
  • MLS#: 607032 ( Land )
  • Street Address: 58622 Overseas Highway
  • Viewed: 3
  • Price: $1,225,000
  • Price sqft: $0
  • Waterfront: Yes
  • Waterfront Type: Oceanfront,Open Water
  • Year Built: Not Available
  • Bldg sqft: 0
  • Additional Information
  • Geolocation: 24.7631 / -80.9482
  • County: MONROE
  • City: MARATHON
  • Zipcode: 33050
  • Subdivision: Crains Sub (58.0)
  • Provided by: Coldwell Banker Schmitt Real Estate Co.
  • Contact: Samuel Davis Williams
  • (305) 743-5181
  • Florida Keys Board of REALTORS
  • DMCA Notice

Description

Prestigious millionaire row with beautiful sun rises every day. You have unobstructed views of the Atlantic Ocean, 60 ft of shoreline & 24k sq ft of uplands. Lot is 60'x 395' deep. You can have ocean views in multiple rooms on multiple levels. Natural trees and fencing create privacy, and there is a marina across the street. Property conveys with house plans recently approved by the city of Marathon and are ready to be sent off to DEO therefore reducing wait time to break ground. Plans are for a 4,630 sf home with 9632 sqft under roof with 6 bedroom, 5.5 bath home with 4 ensuites, Double laundry rooms 1 on each floor, a game room/possible 7th bedroom, pool, and large garage, original quote was 2.1 million to build. For under 3.5 million you could have an exceptional home well below market value! A home very similar just sold for 5.5 million. Houses of this magnitude rent from 17K 25K a week in peak season, which would provide a nice investment. Price for the lot includes 1TBR, however there is another TBR on property that can be purchased in addition. See MLS#607040. 2 homes can be built on this site buyer to verify with the city of Marathon. These building rights do not expire, are not subject to a 2023 deadline or building moratorium. Build two rental houses on the compound and double the rentals! Could make over a million a year in rental income if done correctly. This property has so many possibilities. Attached are the layout and survey so you can see where the house can be built and give an idea of how much space is here, can get close to water and guarantee an unobstructed western view of the ocean for a depth on property of 50 feet! We can build back to the existing location of the house. The property's oceanfront location offers unparalleled natural beauty and provides access to a wide range of water activities. Don't miss out on this exceptional opportunity to own a piece of oceanfront paradise.
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Features
Building and Construction
  • Total Lots: 1.00
Property Information
  • Property Group Id: 19990816212131825981000000
Eco-Communities
  • Off Shore Island: No
  • Water View: Open Water View, Ocean View
  • Wtr Mn Inquiry File: No
Finance and Tax Information
  • Tax Year: 2022
Other Features
  • Alternate Key Num: 1450065
  • As Is Rght To Inspct: Yes
  • Assocmisc Info 1st Right Of Refusal: No
  • Assocmisc Info Mandatory Home Owners Asc: No
  • Deed Restrictions: Unknown
  • Dockage: None
  • Flood Zone: VE-13
  • Legal Description: BK 1 LT 10 AND ADJ BAY BOTTOM CRAINS SUBD OF GRASSY KEY PB-51 PT SECS 24-25-26 TWP 65S R 33E
  • Limitd Reprsntation: No
  • Locationsite: Water Frontage, Cleared Site
  • Mile Marker: 58.00
  • Miscellaneous Info Mobile Home Lot: No
  • Miscellaneous Info Rogo Wletter: Yes
  • Parcel Num: 00366890-000000
  • Side: Ocean
  • Species List: Yes
  • Survey Available: Yes
  • Vegetation Survey: No
  • Zoning: RM - Residential Medium
Nearby Subdivisions
Coco Plum (54.6)   Coco Plum Beach   Coco Plum Beach (54.5)   Crains Sub (58.0)   Dorsett Sub (59.0)   Driftwood Estates (54.0)   Edmonds Acre Tracts (50.5)   Fat Deer Key (53.0)   Fishermans Point (48.0)   Flamingo Island (49.5)   Grassy Key (58.9)   Gulfstream Shore (marathon) (5   Gulfstream Village (52.0)   Harbor Isle (48.5)   Keys Rv/mobile Home Condominiu   Knights Key Village (47.0)   Lida Sub (51.5)   Marathon Beach (49.0)   Marina Sub (54.0)   Misc Marathon East O (52.0)   N Marathon Shores (51.5)   Palms, The (53.0)   Paraiso Estate (51.0)   Riggs Sub (47.5)   S Marathon Shores (52.5)   Sea Crest (50.5)   Sea Crest Heights (52.0)   Sea-air Estates (52.0)   Seawatch (53.5)   Sombrero Bch Village (49.5)   Sombrero Prop Plat (49.5)   Sombrero Sub (49.5)   Spanish Galleon (50.0)   Stirrup Key Sub (52.5)   Sunrise Isle (50.0)   Thompson & Adams Sub (49.5)   Tipton's Sub (49.5)   Waloriss Sub (49.5)  
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