770 107th Street Ocean, Marathon, FL 33050

$2,195,000
8
BD
5.1
BA
4,642
SqFt
List Price
$2,195,000
MLS#
581862
Price Change
▼ $25,000 1575925825
Days on Market
454
Year Built
1963
Bedrooms
8
Bathrooms
5.1
Half-baths
1
Acres
1.34
Living Area
4,642
Region
Marathon
Subdivision
Misc Marathon East O (52.0)

Property Description

1.3+ Acres Oceanfront property with 4 building rights! Zoning allows for 6 market rate units per acre and 15 transient or affordable units per acre. 770 107th St, 630 107th St, and Vacant Land 107th St. Currently there is an oceanfront single family residence with four bedrooms, 2.5 bathroom, a one bedroom one bathroom guest quarters, and a duplex- two bedroom one bathroom and one bedroom one bathroom. All structures are hurricane damaged. Price reflects the current condition of the buildings which the owner may renovate at which time the price will increase. This property is located within the only designated Economic Opportunity Zone in the Keys and as such qualifies for significant income tax savings for all invested capital gains.

Additional Information

Hoa Includes
None
Lot Size
58,377
Exterior
Detached Guest Qtrs
Utilities
FKAA, Municipal Sewer
Appliances
No Appliances
Pool Desc
In Ground
Waterfront Desc
Oceanfront
Waterview Desc
Open Water View
Construction
CBS
Cooling
Central A/C

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Coldwell Banker Schmitt Real Estate Co..