58234 Overseas Highway
58234 Overseas Highway
$1,800,000
7
6
1
2,190
2,190
$822
Description
Very unique property in the old Keys Style. 5 Building Rights on this 18,000 sq ft Oceanfront parcel on Grassy Key, with Bay Bottom and a boat ramp (shared with adjoining parcel) City of Marathon has approved a Letter of Determination for five (5) building rights (TBR's) upon the property, however Letter is currently in review period by Florida Department of Commerce (Formerly DEO) with an appeal date of 4/25/24. Property currently contains a Triplex with a 2/2 apt and two 1 bed/1 bath apts; a small...Very unique property in the old Keys Style. 5 Building Rights on this 18,000 sq ft Oceanfront parcel on Grassy Key, with Bay Bottom and a boat ramp (shared with adjoining parcel) City of Marathon has approved a Letter of Determination for five (5) building rights (TBR's) upon the property, however Letter is currently in review period by Florida Department of Commerce (Formerly DEO) with an appeal date of 4/25/24. Property currently contains a Triplex with a 2/2 apt and two 1 bed/1 bath apts; a small studio with 1 bath, and a mobile home with 2 beds/1.5 baths. Triplex was inspected and found to be unsafe structure. It CAN NOT be occupied. Seller has been advised he could possibly repair the building within the guidelines of the City's Substantial Improvement ordinance but Buyer needs to verify this. Should a Buyer decide to demolish the triplex density requirements would limit the number of units that could be rebuilt. Current zoning and density should allow for two units to be built on the property. A buyer might choose to demolish the triplex and leave mobile home and studio unit in place...and keep the remaining three (3) TBRs.
- Listed by Joshua Mothner • Coldwell Banker Schmitt Real Estate Co.
- Listed by Teri Hiller • Coldwell Banker Schmitt Real Estate Co.
Property Details for 58234 Overseas Highway
Waterfront
Oceanfront, Open Water
WaterfrontYes
ZoningRM - Residential Medium
SubdivisionCrains Sub (58.0)
DirectionsUS 1 to 58234 Overseas Highway.
Building StyleSingle Wide
Vehicle StorageOff Street Parking
PetsPets Allowed
Location
LISTING UPDATED: 03/12/2024 02:33 PM
Property Details for 58234 Overseas Highway
Status | Active |
---|---|
MLS # | 609161 |
Days on Market | 51 |
Taxes | $12,299 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential / Multi-Units |
Year Built | 1975 |
Lot Size | 0.41 AC / 18,000 SF |
County | Monroe County |
Location
Building Information for 58234 Overseas Highway
Stories2Residences5Year Built1975Building Size-Lot Size0.41 AC / 18,000 SF
Payment Calculator
$10,848 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 58234 Overseas Highway
Property History for 58234 Overseas Highway
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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 | ||
Treasure Village Montessori Charter School CharterPK to 8 |
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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