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58234 Overseas Highway

Marathon, FL 33050

7 beds
6.5 baths
3,026 sqft
~1/2 acre lot
$495 per sqft
1975 build
– on site

Unique 18,000 sq ft ocean front parcel with 5 units. Remember how the Key used to be? Parcel shares a boat ramp with adjacent parcel, owned bay bottom and 5 units recognized by the City of Marathon. The property contains a Triplex consisting of a 2/2 apt and two 1/1 apartments: a small cottage studio with 1 bath and a mobile home with 2 beds/1.5 baths. Triplex building sits directly on the Ocean and is currently undergoing spalling repairs. The property has been a vacation rental, but the vacation rental license is currently stopped while repairs are under way. Potential buyers have several options. The current density on RM zoning allows for two units should a prospective buyer wish to demolish the existing units, rebuild two units, and sell or retain the remaining 3 Transferable Building Rights. Letter of Determination is under the Documents Tab.

Listing courtesy of FLKMLS / Coldwell Banker Schmitt Real Estate Co.

Last checked: Checking… • Last updated Jan 20, 2025 •

MLS# 612603 —

The Building

Year Built:

1975
Construction:

CBS, Manufactured
Style:

Multi-Units
Building Style:

Other Bldg Style
Porch/Balcony:

Open Porch/Balcony, Patio

Interior

Furnished:

Unfurnished

Location

Directions:

US 1 to 58234 Overseas Highway.

The Property

Parcel #:

00368470-000000
Property Condition:

Under Construction
Total Lots:

5.00
Lot SqFt:

18000.00
Acres:

0.18
Land Size:

1/4 - 1/2 Acre
Waterfront:

Oceanfront, Open Water
Zoning:

RM - Residential Medium
Waterfront:

Yes
Waterview:

Ocean View, Open Water View
Flood Zone:

VE,AE,AE,VE

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Taxes:

12299.03
Tax Exemptions:

None

Beds

Total Bedrooms:

7

Baths

Total Baths:

7.00
Full Baths:

6
Half Baths:

1

Heating & Cooling

Cooling:

Wall/Window Unit(s)

Utilities

Utilities:

FKAA, Elect Separate Meter, Buyer to Verify, Municipal Sewer
Pub Sewer HkUp:

Yes

Appliances

Appliances: Other:

varied/multiple

The Community

Subdivision:

Crains Sub (58.0)
Dockage:

Boat Ramp
Pets:

Pets Allowed
Fee Includes:

None
Association Info: Mandatory Home Owners Asc:

No

Parking

Vehicle Storage:

Off Street Parking

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Sale history

Date	Event	Source	Price	% Change
1/20/25 Jan 20, 2025	Price Changed	FLKMLS	$1,500,000	-23.1%
12/8/24 Dec 8, 2024	Listed / Active	FLKMLS	$1,950,000

Multifamily For Sale

$1,500,000

Price drop −$450,000

Listing provided by broker:

Joshua James Mothner

Coldwell Banker Schmitt Real Estate Co.

Want a closer look?

Go see 58234 Overseas Highway

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This multifamily located in Marathon, FL 33050 is currently for sale for $1,500,000. 58234 Overseas Highway is a 3,026 square foot multifamily with 7 beds and 6.5 baths that has been on Estately for 97 days. This multifamily is in the attendance area of Marathon Middle High School and Stanley Switlik Elementary School.

Listing Courtesy of: FLKMLS and Coldwell Banker Schmitt Real Estate Co..

The information provided is exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.