SOLD for $389,000 on 9/16/19

Unit 68 – Best Priced 2 Bedroom!

Tranquility Bay Beach Resort

2600 Overseas Highway, 68, Marathon, FL 33050

$389,000
Property Type: Residential Bedrooms: 2 Baths: 2.1 Square Footage: 850 Status: Closed
Current Price: $389,000 List Date: 3/31/2019 Last Modified: 5/15/2020

Description

Are you looking for a vacation home in Marathon that you can use up to 12 weeks per year and have excellent income too? You need to consider Tranquility Bay Beach Resort! You won't find a better income property at this price point! $50K income to owner with estimated net after all expenses at $21K. Unit 68 is just steps from the beautiful beach, adult pool and swimming lagoon! Spectacular views of the Gulf! Fully furnished and turn key to start collecting your rental checks! Tranquility Bay Beach Resort offers a waterfront tiki bar, expansive beach, 3 pools, gourmet restaurant, putting greens, fitness center and onsite rental management. Rental income and estimated net sheet available upon request. Contact me for more information!

More Information MLS# 584995

Contract Information

Current Price: $389,000 Listing Date: 2019-03-30 Listing Board: Marathon/Lower Keys Sold Price: $389,000 As is Rght to Inspct: Yes Potential Short Sale: No Bank Owned: No Species List: Yes

Location, Tax & Legal

Street #: 2600 Street Name: Overseas Street Suffix: Highway Unit #: 68 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 Marathon Neighborhood: Old Town East (25th to Sombrero) Side: Bay/Gulf Flood Zone: AE,AE Handicap Access: No Alternate Key #: 9080664 Parcel #: 00101998-000302 Zoning: RH - Residential High Deed Restrictions: Yes Legal: UNIT I-02 PIRATES COVE I, A CONDOMINIUM OR2202-406 OR2852-1988/90 Taxes: 3867.23 Tax Year: 2018 Pub Sewer HkUp: Yes

General Property Description

Realtor.COM Type: Residential - Condo/Townhouse Style: Townhouse Waterfront: Yes Control Depth: 1 Unit/Complex: Complex 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

Remarks & Misc

Remarks – Consumer: Are you looking for a vacation home in Marathon that you can use up to 12 weeks per year and have excellent income too? You need to consider Tranquility Bay Beach Resort! You won't find a better income property at this price point! $50K income to owner with estimated net after all expenses at $21K. Unit 68 is just steps from the beautiful beach, adult pool and swimming lagoon! Spectacular views of the Gulf! Fully furnished and turn key to start collecting your rental checks! Tranquility Bay Beach Resort offers a waterfront tiki bar, expansive beach, 3 pools, gourmet restaurant, putting greens, fitness center and onsite rental management. Rental income and estimated net sheet available upon request. Contact me for more information! Directions: US 1 to 2600 Overseas Hwy, Tranquility Bay. Unit is on the east side of the resort.

Status Change Info

Sold Date: 2019-09-16 Sold Price: $389,000 Status: Closed

Association Info

Mandatory Home Owners Asc: Yes Condo Doc's: Yes 1st Right of Refusal: Yes Assoc Approval Req: No Association Fee $: 1349.11 Assoc/Mnt Fee Per: Monthly

Building Style

Above Flood: Yes

Financial Status

Bank Owned: No Potential Short Sale: No

Property Features

Fee Includes: Building Insurance; Cable; Common Area Mnt; Exterminating Tax Exemptions: None Waterfront: Bay Front; Gulf Front; Open Water Waterview: Bay/Gulf View Dockage: None Building Style: Conch; Townhouse Vehicle Storage: Open Parking Furnished: Furnished Cooling: Ceiling Fans(s); Central Air Porch/Balcony: Open Porch/Balcony Utilities: Cable Available; Elect Separate Meter; FKAA; Municipal Sewer; Water Separate Meter Interior Features: Cathedral Ceilings; Drapes/Blinds Incl; Granite Counter Top; Split Bedroom Pre-Wired: Cable Appliances: Dishwasher; Dryer; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer Exterior Features: Gazebo; Sandy Beach Accessibility Feat: None Pool Info: In Ground; Concrete; Decked Construction: Frame Windows/Doors: French Doors Floor: Carpet; Tile Roof: Metal Roof Pets: No Pets Allowed Neighborhood Feature: Beach; Community Pool; Manager on Premises Land Size: Less Than 1/4 Acre Terms: No Seller Finance Title: Title Ins - Buyer
Listing Office: Coldwell Banker Schmitt Real Estate Co.
Last Updated: May - 15 - 2020

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.