242 Pescayo Avenue, Marathon, FL 33050

$460,000
Property Type: Vacant Land Lot Size (sq. ft.): 12,283 Status: Closed
Current Price: $460,000 List Date: 6/23/2020 Last Modified: 9/08/2024

Description

Price drop plus Seller will contribute $25,000 toward the cost of a TBR (see more details on TBR below). Beautiful deepwater lot in Coco Plum with small private beach in neighborhood of existing million dollar plus homes. This large lot (50' street and water frontage x 310' depth, including bottom rights) already has a dock permit in hand. Purchase price includes complete set of certified building plans from the developer of the existing homes in this neighborhood, a $50K value. Building permit can be obtained by joining the BPAS waiting list (and purchasing additional points toward a building permit) or by purchasing a Transferrable Building Right (TBR) which entitles holder to build on this lot immediately. Seller will contribute $25,000 toward the cost of Buyer's TBR!!!

Supplements: TBRs in Marathon are available at market rates (subject to availability, like lobsters at your favorite restaurant). This lot has plenty of room for parking vehicles, RVs, water toys, etc. and plenty of room for outdoor kitchen, large pool, tiki hut and other amenities. This lot location provides immediate access to Ocean (no bridges) and the Gulf of Mexico via Vaca Cut bridge. Fishing, swimming, diving, lobstering, spearfishing and snorkeling on the reef and wrecks are only a few miles away. Deep sea fishing opportunities (including the famed Marathon Hump) are not far away for the adventurous sportsman. This property is only a short drive to great restaurants, grocery stores, pharmacies, etc. in Marathon and only about an hour to Miami and Key West, where world class entertainment, airports, shopping, hospitals, and world famous Mallory Square sunsets! This is what you've been looking for, they aren't making any more of these! Act now, grab your little piece of Paradise now.

More Information MLS# 591371

Contract Information

Current Price: $460,000 Listing Date: 2020-06-23 Listing Board: Marathon/Lower Keys Sold Price: $460,000 ROGO Exempt: No Limited Representation: No As is Rght to Inspct: Yes Potential Short Sale: No Bank Owned: No Species List: Yes

Location Tax Legal

Street #: 242 Street Name: Pescayo Street Suffix: Avenue Key/Island: Marathon State/Province: FL Zip Code: 33050 County: Monroe Subdivision: Coco Plum Beach (54.5) Area: 18 - East of Holiday Inn US #1 & Coco Plum

General Property Description

Realtor.COM Type: Vacant Land Waterfront: Yes Control Depth: 4 Lot Dimensions: 50'x310' inc. water bottom rights Lot SqFt: 12283

Status Change Info

Sold Date: 2021-01-28 Sold Price: $460,000 Status: Closed

Miscellaneous Info

Mobile Home Lot: No

Dockage

Dock Permit: Yes Fixed Bridge Height: Unlimited

Auction Info

Auction: No

Financial Status

Bank Owned: No Potential Short Sale: No

Property Features

Tax Exemptions: None Waterfront: Beach Front; Canal Front; Open Water Waterview: Bay View; Canal View; Open Water View Neighborhood Feature: Beach Land Size: 1/4 - 1/2 Acre Terms: Buyer Obtain Finance Title: Negotiable
Listing Office: Lokation Real Estate
Last Updated: September - 08 - 2024
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