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8700 Overseas Highway

Marathon, FL 33050
  • $6,500,000
  • STATUS: Active
  • ON SITE: 332 Days
  • MLS #: 597193
UPDATED: 43 min ago
$6,500,000
  • 0
    BEDS
  • 1.67
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS

School Ratings & Info

Description

Attention Developers....Direct Oceanfront development opportunity located in the Economic Opportunity Zone. 1.67 acres with seawall in place and T-shaped boat basin has been approved for up to (10) single family villas with development agreement in place with the City of Marathon. Point property with open ocean views and direct ocean access. This rare, oceanfront parcel would make a fabulous private multi-family compound or vacation rental income producing villas. (10) Transferable Building Rights can also be negotiated with this property if needed to start building as soon as final plans are submitted.

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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Truman & Co. are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.myplacekeywest.com/homes/120102358
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8700 Overseas Highway Marathon, FL 33050

  • Price: $6,500,000
  • Status: Active
  • On Site: 332 Days
  • Updated: 43 min ago
  • MLS #: 597193
0
Beds
0
Baths
0
½ Baths
1.67
Acres
Neighborhood:
Misc Marathon East O (52.0)
County:
Monroe
Area:
16 - Sombrero Bch Rd To Vaca Cut - Oceanside
Property Description
Attention Developers....Direct Oceanfront development opportunity located in the Economic Opportunity Zone. 1.67 acres with seawall in place and T-shaped boat basin has been approved for up to (10) single family villas with development agreement in place with the City of Marathon. Point property with open ocean views and direct ocean access. This rare, oceanfront parcel would make a fabulous private multi-family compound or vacation rental income producing villas. (10) Transferable Building Rights can also be negotiated with this property if needed to start building as soon as final plans are submitted.
Exterior Features

Construction Other Dockage Seawall Concrete Land Size 1 Less Than 2 Acres Lot Size 1.67 Side Ocean Style Commercial Waterfront Oceanfront Waterfront YN Yes Waterview Ocean ViewOpen Water View

Interior Features

Appliances Other Yes Interior Features Other

Property Features

Assoc Hoa YN No Assoc Right Of Refusal No Bank Owned No Bank Owned Financial Status No City Marathon Commercial Type Other Services Control Depth 4 Fee Includes None Fema List No Legal 1 66 32 KEY VACCAS PT LOT 4 Listing Board Marathon/Lower Keys Mile Marker 52.00 Off Shore Island No Potential Short Sale No Potential Short Sale Financial Status No Property Rights Tranfrble Dev Right Property Type Commercial Recorded Plat Yes Sq Ft Source Property Data Card Tax Year 2020 Taxes 11954.12 Utilities FkaaMunicipal Sewer Zoning Mu - Mixed Use Commercial Mixed Use

Listing courtesy of Jo Ann Cook of Ocean Sotheby's International Realty.


The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Truman & Co. are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
 
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Truman & Co.
1205 Truman Avenue
Key West FL, 33040