3920 Louisa Street, Marathon, FL 33050
$675,000
Property Type:
Residential
Bedrooms:
4
Baths:
3
Square Footage:
3,220
Lot Size (sq. ft.):
10,000
Status:
Closed
Current Price:
$675,000
List Date:
12/27/2022
Last Modified:
12/02/2025
Description
Redevelopment opportunity with THREE building rights (a.k.a. ROGO's), and possibly a 4th on a 10,000 sq ft lot in area that is being revitalized. MU zoning allows a multitude of uses for this redevelopment opportunity. According to the MLS, a same sized lot in MU zoning with ZERO building rights recently closed in Marathon for $246K & a single building right just closed in a separate transaction for $200K. Do the math. Located Gulfside just off of US Hwy 1 & close to newly renovated Baptist Fisherman's Hospital, Marathon Community Park, Marathon Airport, plus marinas, schools & shopping. Building has been deemed unsafe by City of Marathon & must be demo'd by buyer. DO NOT attempt to enter building. Once demo'd, you will be starting with a clean slate. This is an estate sale, building & lot being sold As Is. There will be no repair & no clean up by sellers. Currently three ROGO's recognized & Seller working with City of Marathon to confirm 4th. Refer to link for zoning details: 'https://library.municode.com/search?stateId=9&clientId=12861&searchText=zoning '
More Information MLS# 603170
Contract Information
Current Price: $675,000
Listing Date: 2022-11-21
Listing Board: Key West Association
Sold Price: $675,000
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
Location Tax Legal
Street #: 3920
Street Name: Louisa
Street Suffix: Street
Key/Island: Marathon
State/Province: FL
Zip Code: 33050
County: Monroe
Subdivision: Marathon Beach (49.0)
Area: 13 - 7 Mile Bridge to Sombrero Bch Rd E & W
General Property Description
Realtor.COM Type: Multi-family
Style: Multi-Units
Waterfront: No
Pool: No
Year Built: 1975
Total Units: 3
Lot Size: 200 X 50
Lot SqFt: 10000
Acres: 0.23
Living Apx SqFt: 3220
SqFt Source: Tax Records
Total Bedrooms: 4
Full Baths: 3
Total Baths: 3
Rentals Allowed: With Restrictions
Status Change Info
Sold Date: 2023-07-14
Sold Price: $675,000
Sold Comments: Thanks Shannon!
Status: Closed
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Building Style
Above Flood: Unknown
Stories: 2 Stories
Vehicle Storage
Car(s): 4+
Financial Status
Auction: No
Bank Owned: No
Potential Short Sale: No
Standard Sale: Yes
Property Features
Fee Includes: None
Tax Exemptions: None
Waterfront: None
Waterview: No Waterview
Dockage: None
Property Condition: Fixer Upper
Vehicle Storage: Off Street Parking
Utilities: Buyer to Verify; Sewer Available
Appliances: No Appliances
Construction: Concrete
Pets: Pets Allowed
Land Size: Less Than 1/4 Acre
Title: Title Ins - Buyer
Documents
Marathon Zoning Tables ›Listing Office: Berkshire Hathaway HomeServices Knight & Gardner Realty
Last Updated: December - 02 - 2025
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.
