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  • 57642 Overseas Highway, Marathon, FL 33050 (MLS# 582014)

57642 Overseas Highway, Marathon, FL 33050

$920,000
Property Type: Residential Bedrooms: 5 Baths: 2 Square Footage: 1,910 Lot Size (sq. ft.): 28,750 Status: Closed
Current Price: $920,000 List Date: 9/25/2018 Last Modified: 12/20/2025

Description

This large oceanfront parcel is undergoing extensive renovation: new roof, electric, plumbing, hurricane windows and appliances. This Oceanfront Transient Rental Duplex offers so many options... as Income Property or Vacation Home with substantial income to offset expenses. Adjacent to an 7 room Hotel with one manager's unit (offered @ $1.5 mil), receives fabulous overflow of guests from the Hotel, and is perfect for Family Retreats and Weddings. See supplement for more details. Please do not visit the property without an appt. See MLS for the package (includes duplex next door.

Supplements: Notice: This property was affected by Hurricane Irma. Once a determination has been done regarding the degree of damage and consideration is made for insurance claims the price will be adjusted. Pictures are pre-Irma. This Oceanfront Transient Rental Duplex offers so many options... as Income Property or Vacation Home with substantial income to offset expenses. Adjacent to an 8 room Hotel (also offered @ $2.5 mil MLS #572800), receives fabulous overflow of guests from the Hotel, and is perfect for Family Retreats and Weddings. See supplement for more details. Please do not visit the property without an appt. Suite 1 is a 3 bedroom 1 bath oceanfront, turn key, fully furnished rental. Suite 2 is 2 bedrooms and 1 bath oceanfront, turn key, fully furnished rental. There is a large pool and damaged from the storm. See Supplement for more information. Notes from the Sellers of Historical Information. The income for 2015 was $122,237.81 The yearly occupancy was 62% The utilities are as follows... Water - $3404.29 Electric - $6682.18 Cable - $1200 Internet - $720 We sometimes take care of it ourselves but if we do not the fee for grass cutting and edging is $100 each time which would vary upon seasons. And the pool service to once a week come and check, clean and add chemicals to the pool is $160/month. We are still completing our Quick Books so repairs, supplies and housekeeping are not included at this time. However we did not have any major repairs in 2015. Insurances... Flood - $8194.00 Wind - $2862.83 Liability - $1834.88 (this is shared with our other company)(this is the amount we a lot to the Beach House) Property Taxes $8500 approximately if paid by January

More Information MLS# 582014

Contract Information

Listing Board: Marathon/Lower Keys As is Rght to Inspct: Yes Potential Short Sale: No Bank Owned: No Species List: No Current Price: $920,000 Listing Date: 2018-09-24 Sold Price: $920,000

Location, Tax & Legal

City: MARATHON Off Shore Island: No Mile Marker: 58.9 Marathon Neighborhood: Grassy Key Side: Ocean Flood Zone: VE,VE Alternate Key #: 1456900 Parcel #: 00373870-000000 Zoning: MU - Mixed Use Commercial Mixed Use Deed Restrictions: No Legal: CRAINS SUBD OF GRASSY KEY PB 1-51 SOUTH SIDE OF FLAGLER ST TO OCEAN PT BETWEEN BKS 53-58 OR114-266 OR120-243 OR539-1038D Taxes: 7842.97 Tax Year: 2017 Pub Sewer HkUp: Yes Street #: 57642 Street Name: Overseas Street Suffix: Highway Key/Island: Marathon State/Province: FL Zip Code: 33050 County: Monroe Subdivision: Grassy Key (58.9) Area: 19 - Crawl Key & Grassy Key

General Property Description

Realtor.COM Type: Multi-family Waterfront: Yes Control Depth: 2 Lot Size: Irregular Lot SqFt: 28750 Pool: Yes Total Units: 0 Acres: 0.66 SqFt Source: Property Data Card Rentals Allowed: Yes Min Rental Days: 7 Style: Duplex Year Built: 1958 Living Apx SqFt: 1910 Total Bedrooms: 5 Full Baths: 2 Total Baths: 2

Remarks & Misc

Remarks – Consumer: This large oceanfront parcel is undergoing extensive renovation: new roof, electric, plumbing, hurricane windows and appliances. This Oceanfront Transient Rental Duplex offers so many options... as Income Property or Vacation Home with substantial income to offset expenses. Adjacent to an 7 room Hotel with one manager's unit (offered @ $1.5 mil), receives fabulous overflow of guests from the Hotel, and is perfect for Family Retreats and Weddings. See supplement for more details. Please do not visit the property without an appt. See MLS for the package (includes duplex next door. Directions: US 1 Grassy Key Oceanside

Association Info

Mandatory Home Owners Asc: No 1st Right of Refusal: No

Fee Includes

None: 1

Dockage

Basin: 1

Tax Exemptions

None: 1

Appliances

Range: 1 Refrigerator: 1

Pets

Pets Allowed: 1

Cooling

Wall/Window Unit(s): 1

Waterfront

Oceanfront: 1 Open Water: 1

Waterview

Ocean View: 1 Open Water View: 1

Floor

Concrete: 1 Tile: 1

Neighborhood Feature

Beach: 1

Interior Features

Other: 1

Property Condition

Under Construction: 1 Updated/Remodeled: 1

Building Style

Above Flood: No Ground Level: 1

Windows/Doors

Impact Rstnce Window: 1

Vehicle Storage

Guest Parking: 1 Open Parking: 1 RV Parking Open: 1 Trailer Storage: 1

Security

No Security: 1

Construction

CBS: 1

Land Size

1/2 - Less Than 1 AC: 1

Furnished

Partially: 1

Terms

Buyer Obtain Finance: 1

Utilities

Elect Separate Meter: 1 FKAA: 1 Municipal Sewer: 1

Title

Negotiable: 1

Exterior Features

Sandy Beach: 1

Pool Info

In Ground: 1

Roof

Shingle Roof: 1

Financial Status

Bank Owned: No Potential Short Sale: No

Status Change Info

Sold Date: 2019-01-29 Sold Price: $920,000 Status: Closed

Property Features

Fee Includes: None Tax Exemptions: None Waterfront: Oceanfront; Open Water Waterview: Ocean View; Open Water View Dockage: Basin Property Condition: Under Construction; Updated/Remodeled Building Style: Ground Level Vehicle Storage: Guest Parking; Open Parking; RV Parking Open; Trailer Storage Furnished: Partially Cooling: Wall/Window Unit(s) Utilities: Elect Separate Meter; FKAA; Municipal Sewer Interior Features: Other Appliances: Range; Refrigerator Exterior Features: Sandy Beach Pool Info: In Ground Construction: CBS Floor: Concrete; Tile Roof: Shingle Roof Pets: Pets Allowed Neighborhood Feature: Beach Security: No Security Land Size: 1/2 - Less Than 1 AC Terms: Buyer Obtain Finance Title: Negotiable
Listing Office: RE/MAX Realty Group
Last Updated: December - 20 - 2025
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.

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