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    FOR SALE
    Commercial real estate

    2394 Coco Plum Dr Marathon, FL 33050

    11,286 SF
    Property ID
    US18-7025892
    2394 Coco Plum Dr, Marathon, FL 33050 For Sale 1 / 69
    $11,000,000 11,286 SF
    2394 Coco Plum Dr, Marathon, FL 33050
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    AI-generated overview

    This exceptional investment opportunity presents three luxurious, waterfront rental homes situated on the southern side of Marathon Key in Florida, at 2394 Coco Plum Dr, Marathon, FL 33050. Each of the three homes boasts 3,762 square feet of living space, totaling 11,286 square feet across all three buildings. Built on three stories, each home features six bedrooms and 6.5 bathrooms, comfortably accommodating up to 14 occupants. The homes were renovated in 2019 and offer stunning water views, private pools, tiki huts, and private dockage for each property. Currently generating substantial rental income, with each home renting for approximately $8,000 per week and fully booked for the next six months, this property represents a high-yield investment in a prime location. The price per square foot is $1,062.82. This turnkey operation provides a unique opportunity to own a highly profitable and desirable vacation rental portfolio in the sought-after Upper Florida Keys. The property is located in Monroe County and offers an unparalleled lifestyle and investment potential. This is a rare chance to acquire a well-established and successful rental business in a stunning location.

    Property profile
    Verified
    Property type Commercial real estate
    Total area 11,286 SF
    UPID US18-7025892
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Coco Plum Trio Vacation Rental Real Estate Agency
    1 occupant on record
    Value estimations
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