74960 Overseas Highway #201-306
Lower Matecumbe, FL 33036

Description

Amazing opportunity to build a 12 unit waterfront condominium building in The Florida Keys. Excellent profit margin for a builder/developer. The condominium building was destroyed by Hurricane Irma. The building is located on a canal, with a view over Sea Oats Beach of the Atlantic Ocean. The location allows all units a direct view of either the ocean, or the canal, with partial bay views as well. 11 WATERFRONT Transferable Development Rights convey with the sale. Any sale is contingent on approval by all 12 owners. No guarantee of marketable title is made by this listing as the property is listed based upon majority but not unanimous approval. Any offer must be accepted by all 12 owners to be binding. Property is owned as ''tenants in common''.

Details

MLS#584288
Sub-TypeResale
StatusActive
Days On Site66

Features

ZoningOTH - Other Zoning
Acreage0.49
Water FrontCanal Front
Property ViewYes

Market Activity 33036

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Area Information

StateFL
CountyMonroe
CityLower Matecumbe
Zip Code33036
AreaIslamorada
Listing VS Median (in 33036)
Price:
$2,250,000
low | high
Med:
$1,050,000
100% of Average
On Site:
66
low | high
Med:
82
80.487804878049% of Average
Listing Updated: 04/19/2019
MLS Number: 584288
Listing Provided By:
John Gallant  of  Blue 9 Realty Inc.