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14546714
15400657

101 11th Street Ocean, Lot 33, Marathon, FL 33050

BC
FL FL SL3267919
FL Retail Advisors
Listed by FL Retail Advisors
$629,000
916 days on market
Updated 98 days ago

Trophy Income-Producing Vacation Rental #33 - FL Keys

Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 1,000
Net Rentable (SqFt) 1,000
Units 1
Cap Rate 15.83%
NOI $99,600
Price per SqFt $629
Class A
Year Built 2021
Lot Size (SqFt) 100,754
Zoning RM
Investment Type Net Lease
Ground Lease Yes
Ownership Investment

Multifamily | 1 Unit | $629,000/unit

Marketing description

This Ocean Front Home On Atlantic offers Ocean and Sunrise/Sunset Views and values found at $1,400- $1,800 per square foot! Immaculate & Fun Community. Newer 2021 construction, 2-story on pilings, surprisingly spacious 1,000 SF MOL with 2-bed, 1.5-bath. The community has to offer: Modern, beautiful community lounge area, with 2 clean fuel fire pits, sun - tanning deck, stainless grill with outdoor kitchen & ice house and inground pool. Famous 7-Mile bridge trolley across the street, Lazy Days on same street, 7-Mile Grill, Sunset Grill (with public pool), Sombrero Beach and all the local hot spots! Unit may be available fully furnished (including washer/dryer) and ready to launch into a rental program, or to fully enjoy for yourself. Carport under home, with onsite private marina boat slip option up to 28'. Ground lease property at a reasonable monthly amount NO HOA & NO Annual RE TAXES; but Includes management for common areas & amenities. Nominal non-ad valorem/pass-through (all included in total Lot Rent), and AGAIN NO HOA. 30-day minimum rental. . Make the move to the Keys and experience island living at its best or purchase for passive vacation rental income. Perfect for one or more bite size 1031 exchanges. Tours are by SCHEDULED appointments only.

The keys are calling! This stunning brand-new construction unit boasts a transferable warranty covering even the appliances until 2031, ensuring peace of mind for years to come. With ocean views and a pool, this retreat offers the perfect escape. Located just 2.5 hours from Miami and short hour from Key West, this home offers the open water view you're been searching for without the $2Mm Price tag. This is the very lowest barrier to entry new construction unit you'll find in the keys, and it's worth every penny. The amenities here are simply unmatched for the price, and with low inventory in Marathon, Construction and Permit Moratoriums in Islamorada and soon in Marathon, this is a rare opportunity for already Intrinsic Value.

Investment highlights

  • Ground Lease/ Ground Rent $1,500-1,600 Mo. Includes Amenities, Landscaping Irrigation Etc.- No Real Estate Taxes or HOA Fees

  • High Quality Modular Construction - Built Jan 2021 - Meets 185-mph Wind Resistance

  • Available Transferable 10-Year Warranty

  • Low Barrier to Entry in a Very High Barrier Market

Listing Contacts

BC
FL FL SL3267919
FL Retail Advisors
Listed by FL Retail Advisors

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$99,600.00
$8,300.00/mo

Valuation Metrics

0
DSCR
15.83%
Cap Rate
15.83%
ROI

Map

Zoning

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R-MH ResidentialSingle FamilyResidential Mobile Home
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Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Brian Capo
License
FL SL3267919
Brokerage Phone
4074041846
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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