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    308 Sombrero Beach Rd Marathon, FL 33050

    Sponsored
    For Sale
    $1,495,000

    Beachfront Duplex, Fully Renovated

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional two-story, 1974-built apartment building in Marathon, Florida (33050), presents a rare investment opportunity. Located at 308 Sombrero Beach Rd, this property boasts a prime location directly on a lighted walking and biking path leading to Sombrero Beach. The duplex features fully renovated kitchens and bathrooms, complete with furnishings and equipment. Enjoy the convenience of a 50-foot concrete dock with deep-water canal access, reaching open water in approximately 15-20 minutes. Outdoor amenities include a hot tub, gazebo, BBQ area, and hammock, perfect for relaxation. Hurricane impact windows and doors provide peace of mind. Both units are currently licensed for vacation rentals, offering immediate income potential. The property is situated in a desirable location with no HOA fees. This turnkey investment is ready for immediate occupancy and rental income generation, representing a unique opportunity in the highly sought-after Florida Keys market. The asking price is $1,495,000.

    Property Features for 308 Sombrero Beach Rd

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1974
    Stories
    2

    HighLights

    • Exceptional two‑story, 1974‑built duplex in Marathon, FL (33050), located at 308 Sombrero Beach Rd.
    • Prime location directly on a lighted path to Sombrero Beach.
    • Fully renovated kitchens and bathrooms, furnished, with 50‑foot concrete dock and deep‑water canal access.
    • Outdoor amenities include a hot tub, gazebo, BBQ area, and hammock.
    • Hurricane impact windows and doors; currently licensed for vacation rentals, no HOA fees.
    • Turnkey investment, asking price $1,495,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Marathon
    County
    Other Florida
    State
    Florida
    Longitude
    -81.0784624
    Latitude
    24.7052784

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    FAQs

    What type of property is this?
    Multifamily property - Beachfront Duplex, Fully Renovated
    Where is this multifamily property located?
    The property is located at 308 Sombrero Beach Rd Marathon, FL.
    What is the asking price?
    The asking price for this property is $1,495,000.
    What are key features of this property?
    This property features: Exceptional two-story, 1974-built duplex in Marathon, FL (33050), located at 308 Sombrero Beach Rd.; Prime location directly on a lighted path to Sombrero Beach.; Fully renovated kitchens and bathrooms, furnished, with 50-foot concrete dock and deep-water canal access.
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    308 Sombrero Beach Rd Marathon, FL 33050
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    Marathon, FL 33050
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    308 Sombrero Beach Rd Marathon, FL 33050
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