Andrea Johansson - Coldwell Banker

Ocean Isles Fishing (52.5)

10877 Overseas Highway #57, Marathon, FL 33050

Description

CUSTOM CONDO REBUILD! Once in a lifetime investment opportunity at Ocean Isles Fishing Village. Condominium units substantially damaged from Hurricane Irma have been demolished and are poised for redevelopment. These original studio apartments are slated to be rebuilt as 2 story 1 bedroom, 1.5 bath elevated apartments totaling approximately 750 sq (375 sq feet per floor). Total estimated cost to rebuild each of the units is $140,000.00. Seller will assign any and all interest in and to insurance proceeds and FEMA funds in the approximate amount of $42,000,$7,250, respectively. These units include all of the amenities associated with the condominium association including, but not limited to, swimming pool, docks,& recreation center. Images are as-is, changes possible during build.

Details

MLS#579996
StyleCondominium
Sub-TypeResale
StatusActive
Year1962
Days On Site227

Features

Bed(s)1
Bath(s) 1 Full, 1 Half
SQ Feet750
Story(s)1 Story
Water FrontOceanfront
Property ViewYes

Market Activity 33050

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Area Information

StateFL
CountyMonroe
CityMarathon
Zip Code33050
AreaMiddle Keys
Community NameOcean Isles Fishing (52.5)
Listing VS Median (in Ocean Isles Fishing (52.5))
Price:
$174,500
low | high
Med:
$174,500
50% of Average
SqFt:
750
low | high
Med:
750
50% of Average
$ / SqFt:
$233
low | high
Med:
$233
50% of Average
On Site:
227
low | high
Med:
227
100% of Average
Listing Updated: 12/15/2018
MLS Number: 579996
Listing Provided By:
Kathleen C Morgan  of  Century 21 Schwartz Realty BPK