About 58090 Overseas Highway
This exceptional ocean front multi-family triplex boasts 60 feet of beach frontage with breathtaking open water views! The property consists of three legal units: a duplex and a single-family home, each offering a cozy 1 bedroom and 1 bathroom configuration. All units are currently rented, providing immediate income potential. The duplex operates as a successful Airbnb, while the single-family home is occupied by a long-term tenant. The single-family residence is a testament to modern construction, featuring brand new CBS (Concrete Block Structure) that stands on stilts. Its metal roof, impact doors, and windows are designed to withstand Florida's unique climate. Inside, the home dazzles with tasteful finishes including a kitchen adorned with granite countertops and stainless steel appliances. The duplex has been completely renovated, mirroring the resilience of the single-family home with CBS construction on stilts. Each side has been meticulously maintained and offers comfort and style to guests and residents alike. For those looking for an even larger investment, the adjacent duplex is also for sale (MLS#606424), potentially expanding your portfolio to five adjacent units. Additional features include an assumable flood policy (approximately $5,000 annually) for the duplex, which can offer significant savings. With its current use as a vacation rental, the property is self-managed, allowing for maximum control and profitability. Whether you envision creating an exclusive staff compound or converting the duplex into a single-family dwelling (and transferring one of the building rights to another property), the possibilities are as vast as the ocean views. Don't miss the chance to own this slice of paradise in Marathon, Florida!
Features of 58090 Overseas Highway
| MLS® # | 607976 |
|---|---|
| Price | $1,995,000 |
| Bedrooms | 3 |
| Bathrooms | 3.00 |
| Full Baths | 3 |
| Square Footage | 1,600 |
| Land Size | 3,049 |
| Year Built | 1979 |
| Type | Residential |
| Sub-Type | Multi-Units |
| Status | Active |
Community Information
| Address | 58090 Overseas Highway |
|---|---|
| Area | 19 - Crawl Key & Grassy Key |
| Subdivision | Grassy Key (58.9) |
| City | MARATHON |
| County | Monroe |
| State | FL |
| Zip Code | 33050 |
Amenities
| Amenities | Beach |
|---|---|
| Utilities | Elect Separate Meter, Water Separate Meter, Municipal Sewer, FKAA |
| Parking | Covered Parking, Off Street Parking, Guest Parking |
| View | Ocean View |
| Is Waterfront | Yes |
| Waterfront | Oceanfront |
| Has Pool | No |
Interior
| Appliances | Oven, Refrigerator, Range |
|---|---|
| Cooling | Window/Wall Unit |
| Fireplace | No |
| Stories | 2 Stories |
Exterior
| Exterior Features | Sandy Beach, Storage, Detached Guest Qtrs |
|---|---|
| Lot Description | 1/4 - 1/2 Acre |
| Windows | Other Windows/Doors |
| Roof | Tar/Gravel Roof |
| Construction | CBS |
| Neighborhood Features | Beach |
Additional Information
| Date Listed | December 31st, 2023 |
|---|---|
| Days on Market | 138 |
| Zoning | RM - Residential Medium |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees | 0.00 |
Listing Details
| Agent | Samuel Williams |
|---|---|
| Office | Coldwell Banker Schmitt Real Estate Co. |