58622 Overseas Highway
58622 Overseas Highway
$1,225,000
24,000 / 0.55
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.
- Listed by Samuel Davis Williams • Coldwell Banker Schmitt Real Estate Co.
Property Details for 58622 Overseas Highway
Waterfront
Yes
WaterfrontOceanfront, Open Water
ZoningRM - Residential Medium
SubdivisionCrains Sub (58.0)
DirectionsOverseas Highway to Mile Marker 58. Property on Ocean side.
Location
LISTING UPDATED: 05/16/2024 08:22 AM
Property Details for 58622 Overseas Highway
Status | Active |
---|---|
MLS # | 607032 |
Days on Market | 216 |
Taxes | $11,328 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Vacant Land |
Year Built | - |
Lot Size | 0.55 AC |
County | Monroe County |
Location
Building Information for 58622 Overseas Highway
Lot Size0.55 AC
Payment Calculator
$7,629 per month
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Property Information for 58622 Overseas Highway
Property History for 58622 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 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 |
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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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