108 Santa Barbara Marathon, FL 33050
This exceptional vacant lot, situated in the coveted Flamingo Island neighborhood of Marathon, Florida, presents a unique opportunity to build your dream home in paradise. Priced at $219,000, this 7200 square foot lot (approximately 60' x 120') is zoned Residential Medium and offers approved plans for a stunning three-story home. The plans detail a spacious 2736 square foot living area, complemented by an additional 291 square feet of storage, encompassing four bedrooms and three bathrooms. Its central Marathon location provides convenient access to Sombrero Beach and the vibrant town center. The property is surrounded by attractive homes, and importantly, the City of Marathon permits seven-day rentals, making it an ideal investment for those seeking rental income potential. For those eager to begin construction immediately, building rights are also available for purchase, eliminating the permitting wait time. Don't miss this chance to own a piece of this desirable Florida Keys community and create your idyllic island lifestyle. The lot's address is 108 Santa Barbara, Marathon, FL 33050.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.