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    104 52Nd Street Ocean Marathon, FL 33050

    Sponsored
    For Sale
    $1,447,000

    Profitable Keys Investment, Ocean Views

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2001-built multifamily property in Marathon, Florida, presents a lucrative investment opportunity. Located at 104 52nd Street Ocean, this stunning waterfront property boasts breathtaking views and direct access to the Atlantic Ocean via a wide canal. The property includes a substantial 174-foot dock and a semi-private boat ramp, easily accommodating four or more boats or even a yacht. Currently operating as a highly successful, licensed short-term vacation rental, this turnkey business generates a six-figure annual income. The property is completely furnished and priced well below a recent appraisal. The main residence features three large bedrooms, each with its own ensuite bathroom and ample storage. This luxurious property offers the perfect blend of tranquil retreat and profitable business venture in the heart of the Florida Keys' deep-sea fishing capital, making it an ideal investment for discerning buyers seeking a high-return property with exceptional amenities and stunning ocean views. The property is situated in Monroe County, Florida, zip code 33050. The asking price is $1,447,000. This is a multifamily property, specifically categorized as an apartment building, duplex/triplex/quadruplex, and includes retail space.

    Property Features for 104 52Nd Street Ocean

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2001

    HighLights

    • $1,447,000 asking price.
    • Multifamily property with retail component; Apartment building, specifically a duplex/triplex/quadruplex.
    • Built in 2001.
    • Located at 104 52nd Street Ocean, Marathon, FL 33050.
    • Priced below appraisal; offers luxury living or business opportunity as a licensed short‑term vacation rental.
    • Features 174 ft dock, semi‑private boat ramp, and ample boat storage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Marathon
    County
    Monroe
    State
    Florida
    Longitude
    -81.078197
    Latitude
    24.713723

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    FAQs

    What type of property is this?
    Multifamily property - Profitable Keys Investment, Ocean Views
    Where is this multifamily property located?
    The property is located at 104 52Nd Street Ocean Marathon, FL.
    What is the asking price?
    The asking price for this property is $1,447,000.
    What are key features of this property?
    This property features: $1,447,000 asking price.; Multifamily property with retail component; Apartment building, specifically a duplex/triplex/quadruplex.; Built in 2001.
    Request Owner's contact information
    104 52Nd Street Ocean 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
    104 52Nd Street Ocean Marathon, FL 33050
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