$1,995,000

770 107th Street Ocean

Marathon FL, 33050

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.

Details

MLS#593088
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1963
Days On Site43

Features

Bed(s)8
Bath(s) 6 Total
SQ Feet4,642
PoolYes
Story(s)2 Stories
Acreage1.34
Water FrontOpen Water
Property ViewYes

Market Activity 33050

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Area Information
StateFL
CountyMonroe
CityMarathon
Zip Code33050
AreaMiddle Keys
Community NameMisc Marathon East O (52.0)
Listing VS Median (in Misc Marathon East O (52.0))
Price:
$1,995,000
low | high
Med:
$1,180,000
90.852130325815% of Average
SqFt:
4,642
low | high
Med:
3,012
85.124946143903% of Average
$ / SqFt:
$430
low | high
Med:
$347
69.250969567293% of Average
On Site:
43
low | high
Med:
726
5.922865013774% of Average
Listing Updated: December 3, 2020 8:10:03 PM PST
Listing Provided By: Brian Schmitt of Coldwell Banker Schmitt Real Estate Co.