Jamie Martin - Coldwell Banker
62250 Overseas Highway #11
Conch Key, FL 33050

$13,000,000

Description

Rare opportunity to own an entire Island compound consisting of 2 luxury Balinese inspired homes and 3 cottages. The Balinese homes have 4152 sq. ft. each w/marble, granite and tropical hardwood finishing materials. 2 pools 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. Houses are licensed vacation rentals and have a potential gross of $400,000. Aerial photo pre-hurricane.

Details

MLS#578641
StyleHouse
Sub-TypeResale
StatusActive
Year1943
Days On Site224

Features

Bed(s)16
Bath(s) 13 Full, 2 Half
SQ Feet11,000
Car PortYes
PoolYes
Story(s)2 Stories
Acreage4.03
Water FrontOpen Water
Property ViewYes

Market Activity 33050

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Area Information

StateFL
CountyMonroe
CityConch Key
Zip Code33050
AreaMiddle Keys
Community NameConch Key (62.5)
Listing VS Median (in Conch Key (62.5))
Price:
$13,000,000
low | high
Med:
$13,000,000
50% of Average
SqFt:
11,000
low | high
Med:
11,000
50% of Average
$ / SqFt:
$1,182
low | high
Med:
$1,182
50% of Average
On Site:
224
low | high
Med:
224
100% of Average
Listing Updated: 09/18/2018
MLS Number: 578641
Listing Provided By:
Ginger C Henderson, Broker  of  American Caribbean Real Estate - Middle Keys