5 Beds
4 Baths
3,017 SqFt
5 Beds
4 Baths
3,017 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi-Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,017 sqft
Price per Sqft $496
Subdivision Driftwood Estates (54.0)
MLS Listing ID 621728
Bedrooms 5
Full Baths 4
HOA Y/N No
Year Built 1973
Annual Tax Amount $13,892
Tax Year 2025
Lot Size 0.907 Acres
Acres 1.36
Property Sub-Type Multi-Units
Land Area 3017
Property Description
Fronting Overseas Highway with excellent visibility and convenient access, the property includes two concrete block buildings. One structure is configured as a three-bedroom, two-bath residence, while the second is arranged as a duplex with two efficiency studio units, each with a private bath. The property includes three residential property rights, creating flexibility for continued income-producing use or future redevelopment.
For investors and developers, the location and existing configuration open the door to a variety of possibilities, whether the goal is to maintain the current multi-family setup, reposition the site, or pursue a larger development strategy.
An additional opportunity exists to acquire the adjacent parcel along with submerged land rights, allowing a buyer to assemble a larger contiguous footprint and expand the potential of the overall site. Both properties are offered together under MLS number 620305.
With its central Marathon location, direct Overseas Highway access, established residential use, and added development upside, this property presents a rare chance to secure a versatile piece of the Florida Keys market.
Location
State FL
County Monroe
Community Community Boat Ramp, Bike Paths, Airport/Runway
Area 18 - East Of Holiday Inn Us #1 & Coco Plum
Zoning MU - Mixed Use Commercial Mixed Use
Interior
Cooling Wall/Window Unit(s), Ceiling Fans(s)
Furnishings Unfurnished
Appliance Oven, Range, Refrigerator
Exterior
Parking Features Open, Guest, Off Street
Community Features Community Boat Ramp, Bike Paths, Airport/Runway
Utilities Available Electric Separate Meter, FKAA, Municipal Sewer, Water Separate Meter
Waterfront Description Open Water, Lake Front
Roof Type Tar/Gravel Roof
Garage No
Private Pool No
Building
New Construction No
Others
HOA Fee Include None
Senior Community No
Tax ID 00362660000000
Pets Allowed Yes