2264 Overseas Hwy #1-8, Marathon, FL 33050

$8,650,000
Property Type: Residential Bedrooms: 32 Baths: 24 Square Footage: 23,680 Status: Closed
Current Price: $8,650,000 List Date: 11/03/2021 Last Modified: 7/27/2026

Overview

Description

Built in 2018, turnkey waterfront vacation rental development comprised of eight single family houses, each with four bedrooms and three full bathrooms built to current windstorm standards. Each home is designed for guests to enjoy their own private pool, laundry, outdoor grill area, covered parking and balconies. Excellent rental history and future bookings with tremendous growth opportunity. This vacation rental compound was built to maximize income and minimize overhead. Guests can enjoy the community beach, docks, tiki hut, fish cleaning station, plus nearby amenities including tons of dining options such as Florida Keys Steak and Lobster House, major food and home shopping chains, two major marinas and Marathon Airport.

Supplements: Monthly rental rates average $12,400/mo for units 1-5 and $16,500/mo for units 6-8. Marathon is a 10-mile-long island community conveniently situated in the middle of the Keys island chain, comprised mainly of Vaca Key, Fat Deer Key and Grassy Key. Residents, snowbirds and visitors enjoy Marathon's fishing heritage, an old-Keys lifestyle and seafar ...

Listing Details MLS# R10676029

General Property Information

Number Of Units In Community
8
Total Units In Building
Yes
Property Sub Type
Single Family Residence
Bedrooms Total
32
Bathrooms Total
24
Bathrooms Full
24
Building Area Main
23680
Building Area Source
Appraiser
Living Area Main
11804
Year Built
2018
Carport YN
Yes
Attached Carport YN
Yes
Carport Spaces
16
Covered Spaces
16
Gated Community YN
No
Lot Size Area
60306
Lot Size Acres
1.38
Frontage Length
110
Senior Community YN
No
Waterfront YN
Yes
Outdoor Living Spaces YN
Yes
Stories Total
2
Stories
2
Direction Faces
South
Pool Private YN
Yes
Builder Model
Vacation Rentals
Furnished
Furnished
Year Roof Installed
2018

Property Features

Dining Area: Eat-In Kitchen; Kitchen Dining; Snack Bar/Counter Electric: Three Phase Parking Features: Attached Carport Property Condition: Resale Appliances: Dishwasher; Dryer; Electric Range; Microwave; Refrigerator; Washer; Water Heater Water Heater Details: Electric Water Heater Architectural Style: Key West Boat and Dock Features: Private Dock Construction Materials: Concrete Cooling: Ceiling Fan(s); Central Air Heating: Central Interior Features: Bedroom Layout - Stacked Laundry Features: Inside Listing Terms: Cash; Conventional; Lease Option; Lease Purchase; Owner Will Carry Membership: No Membership Available Pets Allowed YN: Yes Possession: Negotiable Restrictions: No Restrictions Roof: Metal Sewer: Public Sewer Tax Information: City/County; New Construction Utilities: Cable Available; Sewer Available; Water Available Water Access: No Fixed Bridge; Ocean Access Water Source: Public Water View: Ocean Waterfront Features: Navigable Water; Ocean Front; Seawall; No Fixed Bridges Showing Requirements: 24 Hour Notice; Appointment Only; Occupied Outdoor Living Spaces: Balcony; Deck; Patio Balcony Details: Balcony - Open Patio Details: Patio - Covered Contingencies: None Contributions Detail: Closing Costs Room Types: Family Room; Kitchen; Laundry; Living Room; Master Bedroom Acreage Description: 1 To Less Than 2 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
9875000

Location and Legal

County Or Parish
Monroe
County Parish Name
Monroe
Street Number
2264
Street Name
Overseas Hwy #1-8
City Name
Marathon
State Or Province
FL
Postal Code
33050
Postal Zip
33050
Subdivision Name
Keys Cove
Development Name
Keys Cove
Area
5940 - Other Florida County
Special Assessment YN
No
Parcel Number
00102290000000
Zoning
MU
Directions
Located next to the newly constructed Courtyard by Marriott in Marathon, FL at mile marker 48.2 in the Florida Keys.
Building Name
1-8

Financial Information

Association Deposit YN
No
Membership Fee Required YN
No
Tax Annual Amount
33878.1
Tax Year
2020
Tax Legal Description
9 66 32 KEY VACCAS PT LOT 1 AND ADJ PT R-O-W OR71-43 OR73-462 OR499-151/52 OR499-154/55 OR570-338E OR775-977 OR944-192QC

Remarks and Miscellaneous

Public Historical Remarks
Boat Services: Common Dock

More Information

Status Change Information

Major Change Timestamp
2022-03-04T13:55:11Z
Major Change Type
Status Change
Price Change Timestamp
2021-09-14T20:59:37Z
Status Change Date
2022-03-04
Under Contract Date
2022-01-31
Close Date
2022-03-04
Close Price
8650000
Buyer Financing
Trade

Parking Information

Open Parking Spaces
16

Short Sale Details

Short Sale Addendum
No

Boat and Dock Information

Dock
Yes
Boat Max Length
60
Dock Details
8, Boat Services: Y
Boat Dock Accommodates
Up to 60 Ft Boat

Main Level Rooms

Main Level Bathrooms
24
Main Level Bedrooms
32

Pool Size Details

Pool Size (WxL)
8 Pools 20x12

Leasing Restrictions

Leasing - Max Times Per Year
52
Leasing - Minimum Number of Days
7

Storm Protection

Impact Glass
Complete

Concessions

Seller Concessions
No

Contributions

Buyer Contributions
Yes

Room Types

Kitchen Level
Main
Living Room Level
Main
Master Bedroom Level
Main

Price Calculations

Current Price To SqFt
732.8
Original List Price To Close Price
1.14

Originating Details

Originating System Key
20201204224530450543000000
Originating System ID
M00000170

Room Information

Room Name Length Width Level
Living Room 18.00 12.00 Main
Kitchen 12.00 10.00 Main
Master Bedroom 16.00 12.00 Main
Family Room
Laundry
IDX
Listing Office: Compass Florida LLC
Last Updated: July - 27 - 2026
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