58622 Overseas Highway

Marathon, FL 33050

$1,225,000
Price
24,000 / 0.55
Lot Size / Acres

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...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.
  1. Listed by Samuel Davis Williams • Coldwell Banker Schmitt Real Estate Co.

Property Details for 58622 Overseas Highway

Waterfront
Yes
Waterfront
Oceanfront, Open Water
Zoning
RM - Residential Medium
Subdivision
Crains Sub (58.0)
Directions
Overseas Highway to Mile Marker 58. Property on Ocean side.

Location

Listing Courtesy of Coldwell Banker Schmitt Real Estate Co.
Add your commute
LISTING UPDATED: 05/16/2024 08:22 AM

Property Details for 58622 Overseas Highway

StatusActive
MLS #607032
Days on Market216
Taxes$11,328 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeVacant Land
Year Built-
Lot Size0.55 AC
CountyMonroe County

Location

Listing Courtesy of Coldwell Banker Schmitt Real Estate Co.
Add your commute

Building Information for 58622 Overseas Highway

Lot Size0.55 AC

Payment Calculator

$7,629 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,685

Property Taxes

$944

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 58622 Overseas Highway

Summary
Location and General Information
  • Waterview: Ocean View, Open Water View
  • Area: 19 - Crawl Key & Grassy Key
  • Absolute Longitude: 80.948197
  • Control Depth: 1
  • Off Shore Island: No
  • Listing Board: Marathon/Lower Keys
  • Side: Ocean
  • Mile Marker: 58.0
  • Marathon Neighborhood: Grassy Key
  • Location/Site: Cleared Site, Water Frontage
  • Key/Island: Marathon
Owner
  • Owner Name: Emily Parfet
Taxes and HOA Information
  • Tax Year: 2022
  • Tax Exemptions: None
  • Assoc/Misc Info: Mandatory Home Owners Asc: No
  • Assoc/Misc Info: 1st Right of Refusal: No
Property
Lot Information
  • Parcel #: 00366890-000000
  • Land Size: 1/2 - Less Than 1 AC
  • Total Lots: 1.0
Property and Assessments
  • Wtr Mn Inquiry File: No
  • Survey Available: Yes
  • Vegetation Survey: No
  • Miscellaneous Info: Mobile Home Lot: No
  • Legal: BK 1 LT 10 AND ADJ BAY BOTTOM CRAINS SUBD OF GRASSY KEY PB-51 PT SECS 24-25-26 TWP 65S R 33E
  • MLS Approved: Y
  • Bank Owned: No
  • Limited Representation: No
  • Flood Zone: VE-13
  • Deed Restrictions: Unknown
  • ROGO Exempt: Yes
  • Picture Count: 26
  • Document Count: 3
  • Miscellaneous Info: Rogo W/Letter: Yes
Utilities
  • Species List: Yes
Interior and Exterior Features
Exterior Features
  • Dockage: None

Property History for 58622 Overseas Highway

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 58622 Overseas Highway

Taxable ValueLand$1,174,600Additions$197,226Total$1,371,826
Tax Record2023$12,920 ($1,077 / month)
Home Facts
Baths3Total Finished SqFt3,084 SqFtAbove Grade Finished SqFt3,084 SqFtStories3Lot Size67,560 SqFtStyleMulti-Family Dwelling (2-4)Year Built1984CountyMONROEAPN00366890-000000

Schools near 58622 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

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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58622 Overseas Highway is a 0.55 ac of land for sale in Marathon, FL 33050. This property was listed for sale on October 15, 2023 by Coldwell Banker Schmitt Real Estate Co., it's currently listed at $1,225,000. It has been on the market for a total of 216 days and was last sold on December 20, 2021. This listing's school district is Monroe. Nearby schools include Stanley Switlik Elementary School, Marathon School and Big Pine Academy. 58622 Overseas Highway is a 0-bed, 0-bath, 0.55 ac of land on a 24,000 sq. ft. / 0.55 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Coldwell Banker Schmitt Real Estate Co.

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.