88th Street Ocean
Marathon, FL 33050

Description

Waterfront Duplex Lot with 2 Building Rights. Existing structure would need demo but Built 2 brand new units here without waiting for permits. New construction duplex on this lot located 3rd in from open water would not only provide lowest possible insurance rates and open water views but would be a money maker from a vacation rental stand point. Just imagine a 6bed 4bath duplex with pool on each side, Potential rental income would be about 5k per week and around 35 weeks per year for approximately 175k gross. Duplex lots are very rare in the city of Marathon. It's very rare to get the whole duplex. These are the best money makers from a vacation rental standpoint. Call agent to discuss.

Details

MLS#580179
Sub-TypeResale
StatusActive
Days On Site68

Features

ZoningRM - Residential Medium
Acreage0.17
Water FrontCanal Front
Property ViewYes

Market Activity 33050

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Area Information

StateFL
CountyMonroe
CityMarathon
Zip Code33050
AreaMiddle Keys
Listing VS Median (in 33050)
Price:
$619,000
low | high
Med:
$489,500
70.92084006462% of Average
On Site:
68
low | high
Med:
221
30.769230769231% of Average
Listing Updated: 07/21/2018