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97501 Overseas Highway 316
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PRICED AT ONLY: $2,149,999

Address: 97501 Overseas Highway 316, KEY LARGO, FL 33037

Description

Discover the ultimate luxury retreat at Hemingway's Hideaway, the premier vacation rental in The Mariners Club and the only five bedroom unit in the entire community.This expansive residence features three elegant king bedroom suites, a themed children's room, and a private gym that can easily be converted into a fifth bedroom. The unit has been fully remodeled and thoughtfully upgraded with all new artwork, designer furnishings, HVAC systems, appliances, and a custom tackle room. Every detail has been refreshed, including linens, towels, pillows, cookware, cutlery, dishes, and glassware ensuring a seamless, turn key guest experience.With strong rental performance, the property has already generated $125,000 in gross income year to date and is on track to exceed $200,000 in its first full year on the market. The current owners are licensed real estate brokers in the state of Florida and are willing to continue managing the property for the new owner, providing seamless operational continuity. Additionally, the unit boasts 35 five star reviews on VRBO, which can be transferred to the new owner if the existing management arrangement is maintained offering an immediate marketing advantage and established guest credibility.

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More Like This
  • MLS#: 616544 ( Condominium )
  • Street Address: 97501 Overseas Highway 316
  • Viewed: 3
  • Price: $2,149,999
  • Price sqft: $816
  • Waterfront: Yes
  • Waterfront Type: Oceanfront,Open Water
  • Year Built: 2005
  • Bldg sqft: 2635
  • Bedrooms: 4
  • Total Baths: 3
  • Full Baths: 3
  • Days On Market: 41

Description

Discover the ultimate luxury retreat at Hemingway's Hideaway, the premier vacation rental in The Mariners Club and the only five bedroom unit in the entire community.This expansive residence features three elegant king bedroom suites, a themed children's room, and a private gym that can easily be converted into a fifth bedroom. The unit has been fully remodeled and thoughtfully upgraded with all new artwork, designer furnishings, HVAC systems, appliances, and a custom tackle room. Every detail has been refreshed, including linens, towels, pillows, cookware, cutlery, dishes, and glassware ensuring a seamless, turn key guest experience.With strong rental performance, the property has already generated $125,000 in gross income year to date and is on track to exceed $200,000 in its first full year on the market. The current owners are licensed real estate brokers in the state of Florida and are willing to continue managing the property for the new owner, providing seamless operational continuity. Additionally, the unit boasts 35 five star reviews on VRBO, which can be transferred to the new owner if the existing management arrangement is maintained offering an immediate marketing advantage and established guest credibility.
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Features
Building and Construction
  • Absolute Longitude: 80.461395
  • Construction: CBS
  • Exterior Features: Built-in Grill, Water Display, Tennis Court(s), Sprinkler System, Sandy Beach, Privacy Wall/Fence, Outdoor Shower, Lighting, Hot Tub, Chickee Hut
  • Floor: Carpet, Marble
  • Porchbalcony: Open Porch/Balcony
  • Roof: Concrete Roof
  • Sqft Source: Tax Records
  • Total Number Of Units: 0.00
Property Information
  • Property Condition: Updated/Remodeled
  • Property Group Id: 19990816212109142258000000
Garage and Parking
  • Vehicle Storage: Open Parking, Guest Parking
Eco-Communities
  • Pool Info: In Ground
  • Water View: Ocean View, Open Water View
Utilities
  • Cooling: Central Air, Ceiling Fans(s)
  • Pets: Pets Allowed
  • Pub Sewer Hkup: Yes
  • Utilities: FKAA
  • Windowsdoors: Impact Rstnce Window, Impact Rstnce Doors
Amenities
  • Neighborhood Feature: Community Pool, Bike Paths, Spa, Beach, Manager on Premises, Tennis Courts, Clubhouse, Community Boat Ramp, Community Dockage
Finance and Tax Information
  • Association Info Association Fee: 7988.88
  • Association Info Assocmnt Fee Per: Quarterly
  • Fee Includes: Cable, Security, Common Area Mnt, Building Insurance, Bldg Exterior Mnt, Water, Exterminating, Sewer
  • Tax Year: 2024
Rental Information
  • Rentals Allowed: Yes
Other Features
  • Accessibility Feat: Accessible Elevator Installed
  • Alternate Key Num: 9085121
  • Appliances: Washer, Stainless Steel Appliance(s), Wine Cooler, Freezer, Disposal, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Association Info 1st Right Of Refusal: No
  • Association Info Mandatory Home Owners Asc: Yes
  • Control Depth: 10
  • Deed Restrictions: Unknown
  • Dockage: Dock Privileges
  • Flood Zone: AE, AE, VE, AE
  • Furnished: Furnished
  • Interior Features: Pantry, Window Treatments, Whirlpool Bath Tub, Walk-in Closet(s), Smoke Alarms, Fire Sprinkler, Built-in Cabinets
  • Legal Description: UNIT 316 THE SAILFISH AT MARINERS CLUB A CONDOMINIUM OR2169-942DEC OR2348-2452 OR2936-2124 OR3012-1843 OR3094-1463 OR325
  • Limitd Reprsntation: No
  • Mile Marker: 97.00
  • Parcel Num: 00554895-000316
  • Pre Wired: Cable, Cat 5
  • Side: Ocean
  • Style: Condo
  • Unit Number: 316
  • Zoning: RL - Residential Low
Nearby Subdivisions
Angelfish Cay Condo (905.0)   Baywood (104.0)   Buttonwood Bay (96.0)   Fisherman's Cove   Harbor Shores (99.0)   Holiday By The Sea (100.0)   Kawama (100.0)   Kawama Tower (100.0)   Kawama Yacht Club (100.0)   Key Largo North - Marnier's Cl   Landings Of Largo (98.0)   Monroe Park (112.5)   Moon Bay   Moon Bay (104.0)   Ocean Pointe (92.5)   Port Largo (100.0)   Rock Harbor Condo (97.5)   Rock Harbor Condominium   Tamarind Bay (104.5)   The Sanctuary @ Key Largo (100  
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Contact Info

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