$899,000
 $4,826 forsale estimated payment Sourced by Back At You

Vacant Land 89th Street , MARATHON, FL 33050

MARATHON, FL 33050

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Description

Waterfront lot is cleared and ready for construction, complete with Transferable Building Rights (TBR), house plans, and dock plans. Located on the picturesque 89th Street in Marathon, Florida, this waterfront lot spans 6,440 square feet and measures 70 feet wide by 92 feet deep. Boasting 70 feet of prime water frontage and a 45-foot-wide canal that leads directly to open water, this property offers a 4-foot control depth, ensuring easy water access. As soon as you reach the end of the canal, you can plane out effortlessly. Weekly rentals are permitted, making this an ideal investment for generating rental income. Imagine building your dream home with a customizable layout, ample storage options, and your choice of colors and materials. New construction offers numerous advantages, including easier maintenance, cheaper insurance, and no worries about illegal enclosures. This property presents a significant equity potential, providing a profitable margin for flippers and better numbers for vacation rentals. You can build to withstand 180 MPH winds, above flood levels, and without the need for shutters. Additionally, solar programs are available for those interested in off-grid living. Investing in this property not only offers a substantial profit margin but also provides a valuable learning experience for future real estate ventures. Don't miss this rare opportunity to own a prime piece of waterfront property in Marathon, Florida. Contact us today to learn more and start building your dream home or investment property!

Details

Mls610843
Listing TypeFor Sale
SubtypeResale
StatusActive
Days On Site116
Listing Provided ByColdwell Banker Schmitt Real Estate Co. | Samuel Davis Williams

Features

ZoningRM - Residential Medium
Acreage0.15
Water FrontYes
Property ViewCanal

Market Activity 33050

MLS Internet Data Exchange (IDX) information is provided 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, and that the data is deemed reliable but is not guaranteed accurate by the Florida Keys Board of Realtors.

The data relating to real estate for sale on this web site come s in part from the Internet Data Exchange program of the Marathon and Lower Keys Association of REALTORS®, Inc. MLS. Real Estate listings held by brokerage firms other than Coldwell Banker Schmitt are marked with the MLS logo and detailed information about them includes the name of the listing broker’s office.

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Listings Checked: 46 seconds ago
StateFL
CountyMonroe
CityMARATHON
Zip Code33050
Area16 Sombrero Bch Rd to Vaca Cut Oceanside
Community NameGulfstream Shore (Marathon) (52.0)
Listing VS Median (in Gulfstream Shore (Marathon) (52.0))
Price:
$899,000
low | high
Med:
$1,472,500
13.793103448276% of Average
On Site:
116
low | high
Med:
21.500000
100% of Average
Sourced by Back At You
Listing Updated: September 9, 2024 at 12:49:05 AM PDT