770 107Th Street Ocean

Marathon, FL 33050
  • $2,295,000
  • STATUS: Active
  • ON SITE: 426 days
  • MLS #: 581862
Price Reduced
$2,295,000
  • 8
    BEDS
  • 1.34
    ACRES
  • 5
    BATHS
  • 1
    1/2 BATHS
  • 4,642
    SQFT
  • $494
    $/SQFT
Type:
Multi-Family
Built:
1963
County:

School Ratings & Info

Description

1.3+ Acres Oceanfront property with 4 building rights! Zoning allows for 6 market rate units per acre and 15 transient or affordable units per acre. 770 107th St, 630 107th St, and Vacant Land 107th St. Currently there is an oceanfront single family residence with four bedrooms, 2.5 bathroom, a one bedroom one bathroom guest quarters, and a duplex- two bedroom one bathroom and one bedroom one bathroom. All structures are hurricane damaged. Price reflects the current condition of the buildings which the owner may renovate at which time the price will increase. This property is located within the only designated Economic Opportunity Zone in the Keys and as such qualifies for significant income tax savings for all invested capital gains.

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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 Brenda Donnelly Group | Berkshire Hathaway HomeServices | Knight & Gardner Realty are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.islandhomeskeywest.com/homes/87385809

770 107Th Street Ocean Marathon, FL 33050

  • Price: $2,295,000
  • Status: Active
  • MLS #: 581862
8
Beds
5
Baths
1
½ Baths
1.34
Acres
4,642
SQFT
$494
$/SQFT
1963
Built
Neighborhood:
Misc Marathon East O (52.0)
County:
Monroe
Area:
16 - Sombrero Bch Rd To Vaca Cut - Oceanside
Property Description
1.3+ Acres Oceanfront property with 4 building rights! Zoning allows for 6 market rate units per acre and 15 transient or affordable units per acre. 770 107th St, 630 107th St, and Vacant Land 107th St. Currently there is an oceanfront single family residence with four bedrooms, 2.5 bathroom, a one bedroom one bathroom guest quarters, and a duplex- two bedroom one bathroom and one bedroom one bathroom. All structures are hurricane damaged. Price reflects the current condition of the buildings which the owner may renovate at which time the price will increase. This property is located within the only designated Economic Opportunity Zone in the Keys and as such qualifies for significant income tax savings for all invested capital gains.
Exterior Features

Above Flood Unknown Building Style Ground Level Construction Cbs Dockage Seawall Concrete Exterior Features Detached Guest Qtrs Land Size More Than 1 Lot Pool Info In Ground Pool YN Yes Side Ocean Stories 2 Stories Style Multi-Units Vehicle Storage Carport Waterfront Oceanfront Waterfront YN Yes Waterview Open Water View

Interior Features

Appliances No Appliances Cooling Heating Central A/C

Property Features

Assoc Hoa YN No Assoc Right Of Refusal No Bank Owned No Bank Owned Financial Status No City Marathon Control Depth 4 Deed Restrictions Unknown Fee Includes None Flood Zone AeVeAeVe Listing Board Marathon/Lower Keys Mile Marker 52.00 Potential Short Sale No Potential Short Sale Financial Status No Public Sewer Hookup Yes Rentals Allowed With Restrictions Species List No Sq Ft Source Property Data Card Tax Exemptions None Tax Year 2016 Taxes 13850.20 Utilities FkaaMunicipal Sewer Zoning Mu - Mixed Use Commercial Mixed Use

Listing courtesy of Brian Schmitt of Coldwell Banker Schmitt Real Estate Co..


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 Brenda Donnelly Group | Berkshire Hathaway HomeServices | Knight & Gardner Realty are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
 
Brenda Donnelly Group | Berkshire Hathaway HomeServices | Knight & Gardner Realty
336 Duval Street
Key West FL, 33040