10 E Ocean Drive, Marathon, FL 33050 (MLS# 605984)

10 E Ocean Drive, Marathon, FL 33050

$2,850,000

47-web-or-mls-10 Ocean Dr E - High Expos

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Property Type: Residential Bedrooms: 5 Baths: 3 Square Footage: 1,614 Lot Size (sq. ft.): 13,000 Status: Closed

Current Price: $2,850,000 List Date: 7/15/2023 Last Modified: 9/01/2024

Overview

Description

Nestled within the coveted Ocean East peninsula in Marathon, FL, stands an exquisite oceanfront residence that epitomizes luxury living. This premier property is situated on one of the most esteemed and sought-after streets in Marathon, known for its unparalleled allure. This home has undergone extensive updates, including new storm impact windows and doors, a new kitchen, updated bathrooms, flooring, and tasteful furnishings. Capitalizing off this investment is easy; it currently holds a transferable vacation rental license through the City of Marathon and turnkey produces over $200K a year income with heavy owner usage. This makes it an attractive investment opportunity for those interested in vacation rentals. The residence offers stunning views during the day, and at night, you can enjoy the sight of 5 miles of shoreline lights. It features a pool, jacuzzi, dock, and a spacious backyard with excellent outdoor living space overlooking the ocean. The exterior is enhanced with aest ... (Read more)

Listing Details MLS# 605984

Location, Tax & Legal

Street #: 10
Direction: E
Street Name: Ocean
Street Suffix: Drive
Key/Island: Marathon
State/Province: FL
Zip Code: 33050
County: Monroe
Subdivision: Ocean East (50.0)
Area: 14 - Sombrero Area
City: MARATHON
Off Shore Island: No
Mile Marker: 50
Marathon Neighborhood: Sombrero
Side: Ocean
Flood Zone: VE,VE
Alternate Key #: 1122394
Parcel #: 00104670-001000
Zoning: RM-1 - Residential Medium - 1
Deed Restrictions: No
Legal: 14 66 32 BOOT KEY (AKA UNRECORDED OCEAN EAST INC REV SURVEY APRIL 14 1975 LOT 10) OR553-765 OR859-733/34 OR1100-1112/13
Taxes: 15206.06
Tax Year: 2022
Pub Sewer HkUp: Yes

Contract Information

Listing Board: Florida Keys
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
Species List: No

General Property Description

Realtor.COM Type: Residential - Single Family
Style: Single Family
Waterfront: Yes
Control Depth: 4
Pool: Yes
Year Built: 1992
Total Units: Yes
Lot SqFt: 13000
Lot Sqft Source: Property Data Card
Acres: 0.29
Living Apx SqFt: 1614
SqFt Source: Survey
Total Bedrooms: 5
Full Baths: 3
Total Baths: 3
Rentals Allowed: Yes
Min Rental Days: 7

Status Change Info

Sold Date: 2024-03-11

Association Info

Mandatory Home Owners Asc: Yes
Voluntary Home Owners Asc: Yes
1st Right of Refusal: No
Association Fee $: 200
Assoc/Mnt Fee Per: Yearly

License Info

Transient Rntl Licns: Yes

More Information

Dockage

Dock Length: 30
Dock: Wood
Seawall: Rip Rap

Building Style

Above Flood: No
Stories: 2 Stories

Vehicle Storage

Car(s): 4+
Guest Parking: Yes
Open Parking: Yes
RV Parking Open: Yes
Off Street Parking: Yes
Trailer Storage: Yes

Specialty Rooms

Guest/Servant Qtrs: Non-Conforming
Laundry Room: Yes
Utility Room: Yes
Other: Yes

Pool Info

Heated: Yes
In Ground: Yes
Fiberglass: Yes

Financial Status

Auction: No
Bank Owned: No
Potential Short Sale: No
Standard Sale: Yes

Remarks & Misc

Remarks – Consumer: Nestled within the coveted Ocean East peninsula in Marathon, FL, stands an exquisite oceanfront residence that epitomizes luxury living. This premier property is situated on one of the most esteemed and sought-after streets in Marathon, known for its unparalleled allure. This home has undergone extensive updates, including new storm impact windows and doors, a new kitchen, updated bathrooms, flooring, and tasteful furnishings. Capitalizing off this investment is easy; it currently holds a transferable vacation rental license through the City of Marathon and turnkey produces over $200K a year income with heavy owner usage. This makes it an attractive investment opportunity for those interested in vacation rentals. The residence offers stunning views during the day, and at night, you can enjoy the sight of 5 miles of shoreline lights. It features a pool, jacuzzi, dock, and a spacious backyard with excellent outdoor living space overlooking the ocean. The exterior is enhanced with aesthetically pleasing lighting, a new Fish light and there is a firepit for evening enjoyment, adding to the ambiance. This property presents an ideal opportunity for either a vacation rental investment or as a full-time residence. Offering luxury in an upscale location.

Fee Includes

Common Area Mnt: Yes

Tax Exemptions

None: Yes

Appliances

Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Freezer: Yes
Ice Machine: Yes
Microwave: Yes
Oven: Yes
Range: Yes
Refrigerator: Yes
Stainless Steel Appliance(s): Yes
Trash Compactor: Yes
Washer: Yes

Pets

Pets Allowed: Yes

Cooling

Ceiling Fans(s): Yes
Central Air: Yes
Ductless: Yes
Heat Pump: Yes

Heating

Central: Yes

Waterfront

Oceanfront: Yes
Open Water: Yes

Waterview

Ocean View: Yes
Open Water View: Yes

Floor

Laminate: Yes
Tile: Yes

Neighborhood Feature

Beach: Yes
Fire Hydrant: Yes

Interior Features

Built-in Cabinets: Yes
Cathedral Ceilings: Yes
Drapes/Blinds Incl: Yes
Entrance Foyer: Yes
Pantry: Yes
Quartz Countertops: Yes
Storage: Yes
Walk-in Closet(s): Yes
Whirlpool Bath Tub: Yes
Window Treatments: Yes

Property Condition

Updated/Remodeled: Yes

Windows/Doors

Impact Rstnce Doors: Yes
Impact Rstnce Window: Yes

Security

Electric Gate: Yes
Patrolled Area: Yes

Construction

CBS: Yes
Concrete: Yes

Land Size

1/4 - 1/2 Acre: Yes

Furnished

Furnished: Yes

Terms

Cash: Yes
Conventional: Yes
FHA: Yes
Seller Finance Psble: Yes
VA: Yes

Utilities

Buyer to Verify: Yes
Cable Available: Yes
FKAA: Yes
Water Separate Meter: Yes

Porch/Balcony

Open Porch/Balcony: Yes
Patio: Yes

Title

Negotiable: Yes

Exterior Features

Hot Tub: Yes
Lanai: Yes
Sandy Beach: Yes

Pre-Wired

Cable: Yes

Roof

Tile Roof: Yes

Property Features

Fee Includes: Common Area Mnt Tax Exemptions: None Waterfront: Oceanfront; Open Water Waterview: Ocean View; Open Water View Property Condition: Updated/Remodeled Vehicle Storage: Guest Parking; Off Street Parking; Open Parking; RV Parking Open; Trailer Storage Furnished: Furnished Cooling: Ceiling Fans(s); Central Air; Ductless; Heat Pump Heating: Central Utilities: Buyer to Verify; Cable Available; FKAA; Water Separate Meter Interior Features: Built-in Cabinets; Cathedral Ceilings; Drapes/Blinds Incl; Entrance Foyer; Pantry; Quartz Countertops; Storage; Walk-in Closet(s); Whirlpool Bath Tub; Window Treatments Pre-Wired: Cable Specialty Rooms: Laundry Room; Utility Room; Other Appliances: Dishwasher; Disposal; Dryer; Freezer; Ice Machine; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Trash Compactor; Washer Exterior Features: Hot Tub; Lanai; Sandy Beach Pool Info: In Ground; Fiberglass Construction: CBS; Concrete Floor: Laminate; Tile Roof: Tile Roof Pets: Pets Allowed Neighborhood Feature: Beach; Fire Hydrant Security: Electric Gate; Patrolled Area Land Size: 1/4 - 1/2 Acre Terms: Cash; Conventional; FHA; Seller Finance Psble; VA Title: Negotiable

Listing Office: RE/MAX All Keys Real Estate

Last Updated: September - 01 - 2024

The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.