Search MLS
$2,700,000
Lower Matecumbe, FL 33036
MLS# 588803
Status: Closed
4 beds | 5 baths | 6065 sqft
1 / 83
Property Description
GREAT NEW PRICE! Beachfront Estate & Income Property! A successful weekly vacation rental, 'Turtle Nest Estate' has achieved an average gross income of $200,000/year so this property could potentially be self-funding! Booked leases will be transferred to buyer upon sale. In addition to rental income, you can also enjoy your own tropical beachfront paradise in desirable Islamorada near all the most popular diving and fishing spots. Relax on the 150-foot beach, soak in some rays by the pool, or enjoy nearby fine dining, entertainment & local attractions. This luxurious home offers a 1.3 acre lot, more than 6,000 sf under air, an oceanfront pool with integrated hot tub, a wade-in sandy beach and an observation pier. Two-car garage, theater room, split floor plan, guest wing & more!
Details
Maps
Documents
Contract Information
Current Price: $2,700,000
Listing Date: 2019-12-19
Listing Board: Florida Keys
Sold Price: $2,700,000
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
Species List: Yes
Location, Tax & Legal
Street #: 75971
Street Name: Overseas
Street Suffix: Highway
Key/Island: Lower Matecumbe
State/Province: FL
Zip Code: 33036
Off Shore Island: No
County: Monroe
Subdivision: Mat Ocean Bay (75.0)
Mile Marker: 75
Area: 22 - Lower Matecumbe
Marathon Neighborhood: N/A
Side: Ocean
Flood Zone: AE,VE
Handicap Access: Yes
Alternate Key #: 1487813
Parcel #: 00395410-000000
Zoning: RE - Residential Estate
Deed Restrictions: Unknown
Legal: MAT OCEAN-BAY SEC-1 AMENDED & EXTENDED PB2-96 LOT 24 BLK 3 & NE'LY 1/2 LOT 23 BLK 3 G59-156/158 OR1037-1082D/C OR1191-13
Taxes: 28861
Tax Year: 2019
Pub Sewer HkUp: Yes
General Property Description
Realtor.COM Type: Residential - Single Family
Style: Single Family
Waterfront: Yes
Control Depth: 2
Pool: Yes
Year Built: 2006
Total Units: 1
Lot Size: 430 x 150
Lot SqFt: 42253
Acres: 1.31
Living Apx SqFt: 6065
SqFt Source: Tax Records
Total Bedrooms: 4
Full Baths: 4
Half Baths: 1
Total Baths: 5
Rentals Allowed: Yes
Min Rental Days: 7
Remarks & Misc
Remarks – Consumer: GREAT NEW PRICE! Beachfront Estate & Income Property! A successful weekly vacation rental, 'Turtle Nest Estate' has achieved an average gross income of $200,000/year so this property could potentially be self-funding! Booked leases will be transferred to buyer upon sale. In addition to rental income, you can also enjoy your own tropical beachfront paradise in desirable Islamorada near all the most popular diving and fishing spots. Relax on the 150-foot beach, soak in some rays by the pool, or enjoy nearby fine dining, entertainment & local attractions. This luxurious home offers a 1.3 acre lot, more than 6,000 sf under air, an oceanfront pool with integrated hot tub, a wade-in sandy beach and an observation pier. Two-car garage, theater room, split floor plan, guest wing & more!
Directions: Private driveway off U.S. 1 at mile marker 75.9 oceanside. Slow down and look for sign.
Status Change Info
Sold Date: 2021-01-19
Sold Price: $2,700,000
Status: Closed
Association Info
Mandatory Home Owners Asc: No
Voluntary Home Owners Asc: No
1st Right of Refusal: No
License Info
Transient Rntl Licns: Yes
Building Style
Above Flood: Yes
Specialty Rooms
Guest/Servant Qtrs: Legal
Pool Info
Other: partially elevated
Financial Status
Bank Owned: No
Potential Short Sale: No
Property Features
Fee Includes: None
Tax Exemptions: None
Waterfront: Oceanfront; Open Water
Waterview: Ocean View; Open Water View
Dockage: None
Vehicle Storage: Garage; Attached; Covered Parking; Guest Parking; Off Street Parking; Open Parking; RV Parking Open; Trailer Storage
Furnished: Negotiable
Cooling: Ceiling Fans(s); Central Air
Porch/Balcony: Open Porch/Balcony; Patio
Utilities: Cable Available; Elect Separate Meter; FKAA; Municipal Sewer; Water Separate Meter
Interior Features: Built-in Cabinets; Cathedral Ceilings; Elevator; Granite Counter Top; Split Bedroom; Walk-in Closet(s); Whirlpool Bath Tub
Specialty Rooms: Laundry Room
Appliances: Dishwasher; Dryer; Oven; Range; Refrigerator; Washer
Exterior Features: Sandy Beach
Accessibility Feat: Accessible Elevator Installed
Pool Info: In Ground; Concrete; Decked
Construction: CBS
Windows/Doors: Impact Rstnce Doors; Impact Rstnce Window; Sliding Glass Doors
Floor: Marble; Tile
Roof: Metal Roof
Pets: Pets Allowed
Land Size: 1 Less Than 2 Acres
Title: Title Ins - Buyer
Supplements
One of the remarkable features of this home is the expansive great room which features walls of sliding glass that pocket back to open up the entire living room and welcome in the wrap-around open ocean views. The split plan also offers owner privacy with the upstairs private master suite situated opposite the additional bedrooms and the attached private 1/1 guest wing. The guest wing is connected to the main house through a shared bath, but it can be closed off because it has its own outside entrance by the pool. The guest wing has a completely separate living room with stunning floor-to-ceiling open ocean views on two sides and its own large bedroom with ocean view and master-sized ensuite bath. If needed, the upstairs living room loft, the movie theater room and the guest wing living room could all be converted for use as additional bedrooms for guests. You must see this house in person to appreciate how it was designed to fully incorporate the open ocean views through almost every room. It's all about the view!
Survey 
Listing Office: Coldwell Banker Schmitt Islamorada
Last Updated: January - 23 - 2021
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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.