62250 Overseas Highway, Conch, 33050

REDUCED 23% Residential - Multi-Units For Sale in Conch Key (62.5)

$9,999,000

16Beds
13.2Baths
11,000Sqft
4.03Acres
2005Built
386DOM
MLS® #: 578641
Active, 386 Days on Market

Rare opportunity to own an entire Island compound consisting of 2 luxury Balinese inspired homes and three 2/2 cottages. The Balinese homes have 4152 sq. ft. each with pools and marble, granite and tropical hardwood finishing materials. Top Line stainless appliances. Development rights include 16 Transient & 6 Market Rate Rights, 6 vacant lots for future development. Ready for upscale mini resort development (think Little Palm) or retain as private estate. 15 min to Airport, shopping, dining, Hospital. The 3 stilt cottages were previously part of Conch Key Cottages which was destroyed by the hurricane of 2017. The two grand houses are licensed weekly vacation rentals and have a potential gross of $450,000. The three cottages can be rented nightly.

Essential Information

MLS® #: 578641
Price: $9,999,000
Bedrooms: 16
Bathrooms: 13.20
Full Baths: 13
Half Baths: 2
Square Footage: 11,000
Acres: 4.03
Year Built: 2005
Type: Residential
Sub-Type: Multi-Units
Status: Active

Community Information

Address: 62250 Overseas Highway
Area: 20 - Duck Key, Coral Key, Conch Key
Subdivision: Conch Key (62.5)
City: Conch
County: Monroe
State: FL
Zip Code: 33050

Amenities

Amenities: Beach, Manager on Premises
Utilities: Cable Available, Elect Separate Meter, FKAA, Municipal Sewer
Parking: Covered Parking, Guest Parking, Open Parking, Carport, Off Street Parking
View: Ocean View, Open Water View
Is Waterfront: Yes
Waterfront: Oceanfront, Open Water
Has Pool: Yes
Pool: Concrete, In Ground

Interior

Interior Features: Drapes/Blinds Incl, Smoke Alarms, Storage, Window Treatments, Cathedral Ceilings, Split Bedroom, Fireplace(s), Pantry, Built-in Cabinets, Granite Counter Top, Elevator, Security System, Walk-in Closet, Bar, Tray Ceilings
Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven, Range, Refrigerator, Stainless Steel Appl, Washer, Gas Appliances, Ice Machine
Heating: Central A/C, Heat, Window/Wall Unit, Combination A/C, Attic Fan
Fireplace: Yes
Stories: 2 Stories

Exterior

Exterior Features: Storage, Fencing, Detached Guest Qtrs, Hot Tub, Sandy Beach
Lot Description: 2 Less Than 5 Acres
Windows: French Doors, Aluminum Windows, Impact Rstnce Window, Impact Rstnce Doors
Roof: Metal Roof, Shingle Roof
Construction: CBS, Frame

Additional Information

Date Listed: February 7th, 2018
Days on Market: 386
Zoning: MU - Mixed Use District
HOA Fees: 0.00

Listing Details

Listing Agent: Ginger Henderson, Broker
Listing Office: Berkshire Hathaway HomeServices Keys Real Estate

Financials

$/SqFt: $909

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