2264 Overseas Highway, Marathon FL, 33050

Sold

2264 Overseas Highway

Marathon FL, 33050

$8,650,000

$3,754.34 per sqft

Sold

32 Beds

24 Baths

2,304 sqft

Commercial

Built in 1953

Built in 2018, turnkey waterfront development comprised of eight single family houses currently licensed as weekly vacation rentals, each with four bedrooms and three full bathrooms, built to current windstorm standards. Each home is designed for guests to enjoy their own private pool, laundry, outdoor grill area, covered parking and balconies. Excellent rental history and future bookings with tremendous growth opportunity. This vacation rental compound was built to maximize income and minimize overhead. Guests can enjoy the community beach, kayak launch, docks, tiki hut, fish cleaning station, plus nearby amenities including tons of local dining options, two popular beaches, two major marinas and Marathon Airport. This property is only one hour from the Key West airport and 2.5 hours from the Miami airport. Monthly rental rates currently average $12,400/mo for each unit 1-5 and $16,500/mo for each unit 6-8.

598993

MLSⓇ ID

August 31, 2023

Updated

Map

2264 Overseas Highway
Marathon FL, 33050

Interior Features

Bedrooms: 32 Beds
Bathrooms: 24 Baths
Interior Features: Drapes/Blinds Incl, Furnished, Laundry Room, Smoke Alarms, Window Treatments
Appliances: Dishwasher, Disposal, Dryer, Range, Refrigerator, Washer
Floor Description: Tile
Fireplace: No
Cooling: Yes
Cooling Description: Ceiling Fans(s), Heat Pump
Heating: No

Exterior/Building Features

Lot Size: 1.38 acres
Architectual Style: Commercial
Roof: Metal Roof

Other Property Details

Taxes: $35,752
Tax Frequency: Annually
Days on Market: 47
Garage: No
Parking: No
View: Yes
View Description: Bay/Gulf View, Open Water View
County: Monroe
Pool: No
Waterfront: Yes

Listed by Alexia Mann with Seafarer Realty LLC
Listing Contact:

The IDX display contains information sourced from the Florida Keys Board of REALTORS® as of 8/31/2023. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

Data last updated on 8/31/2023 at 4:24 PM UTC