Skip To Content

1 S Kyle Way

Marathon, FL 33050
  • $10,500,000
  • STATUS: Active Under Contract
  • ON SITE: 241 Days
  • MLS #: 605849
Under Contract
UPDATED: 52 min ago
$10,500,000
  • 45
    BEDS
  • 1.17
    ACRES
  • 45
    BATHS
  • 0
    1/2 BATHS
  • 40,872
    SQFT
  • $257
    $/SQFT
Type:
Commercial
Built:
1979
County:

School Ratings & Info

Description

This is a once in a lifetime opportunity in Marathon and in the entire Florida Keys. 28 units with spectacular Atlantic Ocean views at the south of Marathon next to the brand new Isla Bella Resort. This property which was previously a timeshare that is being dissolved has amazing possibilities to a boutique exclusive resort to a developer's dream conversion for a sell out of the units. There is nothing like this in the Keys that has been available in the last 20 years. The property sustained hurricane damage and is ready for it's next chapter for the right Buyer. This will absolutely not last.

Monthly Payment Calculator



The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Jamie Engel & The Florida Keys Home Team | Coldwell Banker Schmitt Real Estate Co are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.buyinthekeys.com/homes/141109718
Print Image

1 S Kyle Way Marathon, FL 33050

  • Price: $10,500,000
  • Status: Active Under Contract
  • On Site: 241 Days
  • Updated: 52 min ago
  • MLS #: 605849
45
Beds
45
Baths
0
½ Baths
1.17
Acres
40,872
SQFT
$257
$/SQFT
1979
Built
Neighborhood:
Knights Key Village (47.0)
County:
Monroe
Area:
13 - 7 Mile Bridge To Sombrero Bch Rd E & W
Property Description
This is a once in a lifetime opportunity in Marathon and in the entire Florida Keys. 28 units with spectacular Atlantic Ocean views at the south of Marathon next to the brand new Isla Bella Resort. This property which was previously a timeshare that is being dissolved has amazing possibilities to a boutique exclusive resort to a developer's dream conversion for a sell out of the units. There is nothing like this in the Keys that has been available in the last 20 years. The property sustained hurricane damage and is ready for it's next chapter for the right Buyer. This will absolutely not last.
Exterior Features

Construction Concrete Dockage Seawall Concrete Land Size More than 1 Lot Lot Size N/A Miscellaneous High VisibilityPoolOpen Water View Side Ocean Style Commercial Vehicle Storage Common Parking Waterfront Gulf Front Waterfront YN Yes Waterview Bay/Gulf ViewOpen Water View

Interior Features

Appliances No Appliances Net Leasable Area 40872.00

Property Features

Assoc Hoa YN No Assoc Right Of Refusal No Bank Owned No Bank Owned Financial Status No City MARATHON Commercial Type Apartment 3 or more Control Depth 5 Fee Includes None Flood Zone AEVE Legal BK 1 LOTS 9 & 10 KNIGHTS KEY VILLAGE PB5-84 KNIGHTS KEY OR3156-940 Listing Board Key West Association Mile Marker 47.00 Off Shore Island No Potential Short Sale No Potential Short Sale Financial Status No Property Info License Included Property Rights Transfer Bldg RightsTransient License Property Type Commercial Tax Year 2022 Taxes 66110.19 Total Units 0.00 Utilities FKAAMunicipal Sewer Zoning RH - Residential High

Listing courtesy of Team Gardner/Langley of Berkshire Hathaway Knight & Gardner: .


The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Jamie Engel & The Florida Keys Home Team | Coldwell Banker Schmitt Real Estate Co are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
 
https://bt-photos.global.ssl.fastly.net/flkeys/1280_boomver_1_605849-2.jpg https://bt-photos.global.ssl.fastly.net/flkeys/1280_boomver_1_605849-2.jpg https://bt-photos.global.ssl.fastly.net/flkeys/1280_boomver_1_605849-2.jpg
Logo
Jamie Engel & The Florida Keys Home Team | Coldwell Banker Schmitt Real Estate Co
85996 Overseas Highway
Islamorada FL, 33036