58182 Overseas Highway

    Marathon, FL 33050
    • $6,700,000
    • STATUS: Active Under Contract
    • ON SITE: 311 days
    • MLS #: 577031
    Under Contract
    UPDATED: 57 min ago
    $6,700,000
    • 26
      BEDS
    • 2.75
      ACRES
    • 16
      BATHS
    • 4
      1/2 BATHS
    • 13,586
      SQFT
    • $493
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    2000
    County:

    School Ratings & Info

    Description

    Beautiful oceanfront hotel with 11 large 2, 3, and 4 bedroom units (average of 1,125 square feet each) and 27 additional transient rental licenses on 2.75 acres. In 2017 the entire interior (and most of the exterior) was painted and the furnishings replaced. New AC and elevator. There are 3 pools, a dock, parking (some covered), 550 lineal feet of oceanfront and direct access from US 1. Being sold As Is this is one of those rare opportunities to do some developing in the Florida Keys and MU zoning allows for many uses including Retail, Restaurant, Recreational, Apartments, Vacation Rentals and more. Hotel is also perfect for a quick condominiumization as each unit is metered separately!The recently constructed (2000) elevated 10-unit suite hotel (made up of 8 two bedroom rooms and 2 three bedroom rooms for a total of 22 bedrooms) plus a 4 bedroom 2 bath oceanfront home. The large property has an in-ground pool, 195 ft. of beach overlooking the Atlantic Ocean, separate office, laundry room, manager's apartment, elevator, and covered parking. Some of the photos are pre-Irma and the name La Te Da by the Sea does not convey.

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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 Board of Realtors, Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Jimmy Lane Real Estate Team | Century 21 Schwartz Realty are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
    www.jimmylane.com/homes/77488697

    58182 Overseas Highway Marathon, FL 33050

    • Price: $6,700,000
    • Status: Active Under Contract
    • Updated: 57 min ago
    • MLS #: 577031
    26
    Beds
    16
    Baths
    4
    ½ Baths
    2.75
    Acres
    13,586
    SQFT
    $493
    $/SQFT
    2000
    Built
    Neighborhood:
    Grassy Key (58.9)
    County:
    Monroe
    Area:
    19 - Crawl Key & Grassy Key
    Property Description
    Beautiful oceanfront hotel with 11 large 2, 3, and 4 bedroom units (average of 1,125 square feet each) and 27 additional transient rental licenses on 2.75 acres. In 2017 the entire interior (and most of the exterior) was painted and the furnishings replaced. New AC and elevator. There are 3 pools, a dock, parking (some covered), 550 lineal feet of oceanfront and direct access from US 1. Being sold As Is this is one of those rare opportunities to do some developing in the Florida Keys and MU zoning allows for many uses including Retail, Restaurant, Recreational, Apartments, Vacation Rentals and more. Hotel is also perfect for a quick condominiumization as each unit is metered separately!The recently constructed (2000) elevated 10-unit suite hotel (made up of 8 two bedroom rooms and 2 three bedroom rooms for a total of 22 bedrooms) plus a 4 bedroom 2 bath oceanfront home. The large property has an in-ground pool, 195 ft. of beach overlooking the Atlantic Ocean, separate office, laundry room, manager's apartment, elevator, and covered parking. Some of the photos are pre-Irma and the name La Te Da by the Sea does not convey.
    Exterior Features

    Building Height Ft 35.00 Construction Cbs Dockage None Land Size 2 Less Than 5 Acres Miscellaneous ElevatorHigh Traffc LocationHigh VisibilityHighway FrontageOpen Water ViewPoolResidence On Premise Parking Spaces 70 Roof Concrete Roof Shutters Accordion Side Ocean Style Commercial Vehicle Storage Covered ParkingGuest ParkingOff Street Parking Waterfront OceanfrontOpen Water Waterfront YN Yes Waterview Ocean ViewOpen Water View

    Interior Features

    Appliances DishwasherRangeRefrigerator Cooling Heating Ceiling FansCentral A/C Dishwashers 11 Floor Tile Floor Interior Features Drapes/Blinds InclFurnishedLaundry RoomSplit BedroomWindow Treatments Kitchens 11 Range Ovens 11 Refrigerators 11

    Property Features

    Assoc Hoa YN No Assoc Right Of Refusal No Bank Owned No Bank Owned Financial Status No Business Name La Te Da By The Sea City Marathon Commercial Type BarGrocery/ConvenienceHotel/MotelMobile Home ParkRestaurantRetail Control Depth 3 Deed Restrictions Unknown Fee Includes None Key West Neighborhood Outside Of Key West Listing Board Key West Association Mile Marker 58.90 Off Shore Island No Potential Short Sale No Potential Short Sale Financial Status No Property Rights Transient License Property Type Commercial Sq Ft Source Property Data Card Tax Year 2016 Taxes 28338.08 Terms No Seller Finance Total Units 38.00 Utilities FkaaMunicipal Sewer Year Established 2017-01-01 Zoning Mu - Mixed Use Commercial Mixed Use

    Listing courtesy of Karen J Lane of Berkshire Hathaway Knight & Gardner Realty (Kw).


    The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys Board of Realtors, Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Jimmy Lane Real Estate Team | Century 21 Schwartz Realty are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
     
    Jimmy Lane Real Estate Team | Century 21 Schwartz Realty
    211 Simonton Street
    Key West FL, 33040