Beach House & Serious Income Generator!

Unit 1, Tranquility Bay Resort, Marathon

$84K in income to owner in 2016! After expenses, he nets approx. $54K!

Direct beachfront unit at Tranquility Bay Beach Resort! Prime location sitting right on the sand and offering Gulf views as well as excellent rental income. This unit paid $84K to the owner in 2016, with an approx. net income of $54K. Beach units bring approx. 50-60% more income than units not on the beach. Unit 1 is a 2 bedroom end unit and is tucked away on the edge of the resort for privacy. More… The end units bring lots of natural light and feel larger than the interior units. Unit 1 comes fully furnished so you can just begin collecting your monthly rent checks. It is mandatory to be in the rental program and an owner has up to 12 weeks of use per year. Tranquility Bay Beach Resort has a laid back, relaxing atmosphere with two pools (one for adults only), a gourmet restaurant on site (Butterfly Cafe), beautiful sandy beach, putting greens (fun for the kids and adults) and a tiki bar on the beach for drinks and a meal!


$782,000
2600 Overseas Highway, 1
Marathon, FL 33050
MLS# 573906
2 beds  |  2.1 baths  |  850 sqft


2600 Overseas Highway, 1, Marathon, FL 33050
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Property Description
Direct beachfront unit at Tranquility Bay Beach Resort! Prime location sitting right on the sand and offering Gulf views as well as excellent rental income. This unit paid $84K to the owner in 2016, with an approx. net income of $54K. Beach units bring approx. 50-60% more income than units not on the beach. Unit 1 is a 2 bedroom end unit and is tucked away on the edge of the resort for privacy.

Details
Maps
Documents
Contract Information
Current Price: $782,000
Listing Board: Marathon/Lower Keys
List Price: $782,000
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
Species List: No
Location, Tax & Legal
Street #: 2600
Street Name: Overseas
Street Suffix: Highway
Unit #: 1
Key/Island: Marathon
State/Province: FL
Zip Code: 33050
Off Shore Island: No
County: Monroe
Subdivision: Tranquility Bay (48.5)
Mile Marker: 48.5
Area: 13 - 7 Mile Bridge to Sombrero Bch Rd E & W
Side: Bay/Gulf
Flood Zone: AE,VE
Handicap Access: No
Alternate Key #: 9080713
Parcel #: 00101999-000105
Zoning: R-MH - Residential - MH
Deed Restrictions: Yes
Legal: UNIT A-05 PIRATES COVE II, A CONDOMINIUM OR2094-1147 OR2145-1961Q/C
Taxes: 4312.7
Tax Year: 2016
Pub Sewer HkUp: Yes
General Property Description
Realtor.COM Type: Residential - Condo/Townhouse
Property Sub Type: Townhouse
Waterfront: Yes
Control Depth: 1
Unit/Complex: Unit
Pool: Yes
Year Built: 2004
Total Units: 87
Living Apx SqFt: 850
SqFt Source: Property Data Card
Total Bedrooms: 2
Full Baths: 2
Half Baths: 1
Total Baths: 2.1
Rentals Allowed: Yes
Min Rental Days: 1
Commission
Limitd Reprsntation: No
Status Change Info
Status: Active
Association Info
Mandatory Home Owners Asc: Yes
Condo Doc's: Yes
1st Right of Refusal: Yes
Assoc Approval Req: No
Association Fee $: 822.56
Assoc/Mnt Fee Per: Monthly
Building Style
Above Flood: Yes
Financial Status
Bank Owned: No
Potential Short Sale: No
Property Features
Fee Includes: Cable; Common Area Mnt
Waterfront: Bay Front; Gulf Front
Waterview: Bay/Gulf View
Building Style: Conch; Townhouse
Vehicle Storage: Open Parking
Furnished: Furnished
Cooling/Heating: Ceiling Fans; Central A/C
Porch/Balcony: Open Porch/Balcony
Utilities: Cable Available; FKAA; Municipal Sewer
Interior Features: Cathedral Ceilings; Drapes/Blinds Incl; Granite Counter Top; Split Bedroom
Pre-Wired: Cable
Appliances: Dishwasher; Dryer; Microwave; Oven; Range; Refrigerator; Stainless Steel Appl; Washer
Exterior Features: Sandy Beach
Pool Info: In Ground
Construction: Frame
Windows/Doors: French Doors
Floor: Tile Floor
Roof: Metal Roof
Pets: No Pets Allowed
Neighborhood Feature: Beach; Community Pool; Manager on Premises; Other Area Features
Land Size: Less Than 1/4 Acre
Terms: Buyer Obtain Finance
Title: Title Ins - Buyer
Supplements
The end units bring lots of natural light and feel larger than the interior units. Unit 1 comes fully furnished so you can just begin collecting your monthly rent checks. It is mandatory to be in the rental program and an owner has up to 12 weeks of use per year. Tranquility Bay Beach Resort has a laid back, relaxing atmosphere with two pools (one for adults only), a gourmet restaurant on site (Butterfly Cafe), beautiful sandy beach, putting greens (fun for the kids and adults) and a tiki bar on the beach for drinks and a meal!

Listing Office: Coldwell Banker Schmitt Real Estate Co.

Listing Agent: Amy Puto

Last Updated: May - 06 - 2017

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.

Tuesday 30th of May 2017 05:29 AM