NOT LISTED FOR SALE

12550 Overseas Hwy Marathon, FL 33050

Estimated Value: $655,000 - $4,689,000

2.93 Acres
$943,062 Price per Acre
127,762 Sq Ft Lot

Last Sold September 25, 2012

Last sale price $2,000,000 $488 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $15,349/month

1 Day on Market

Highlights

  • Property fronts gulf or ocean
  • Bay View
  • 1-minute walk to Curry Hammock State Park
  • Coral Shores High School Rated A
  • Fenced

About This Lot

As of September 2012

For Statistical Purposes only. City of Marathon recognizes building rights which existed on all 3 parcels as 30 units, 17 one bedroom units and 13 two bedroom units plus a manager's apartment & office space.

Last Buyer's Agent

Ralph Sanchez

Century 21 All Keys Inc (KW) License #639260

Century 21 All Keys Inc (KW)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $13,312

Lot Details

  • Property fronts gulf or ocean
  • Property fronts a highway
  • Fenced
  • 3 Lots in the community
  • Property is zoned SR - Sub Urban Residential District

Property Views

  • Bay Views

Community Details

  • Fat Deer Key Subdivision

Property Details

Property Type

Land

Est. Annual Taxes

$13,312

Lot Details

0

Listing Details

  • Property Type: Lots and Land
  • As Is Right To Inspect: Yes
  • Dockage Dock: Other
  • Dockage Seawall: Other
  • Financial Status Bank Owned: Yes
  • Financial Status Potential Short Sale: No
  • Key Island: Marathon
  • K W Neighborhood: Outside of Key West
  • Limited Representation: Yes
  • Mile Marker: 54.00
  • M L S Identifier: 20060123165453488875000000
  • Property Group I D: 19990816212131825981000000
  • Property Rights: Other See Remarks
  • Sale Terms: Cash
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 13312.00
  • Title: Negotiable
  • Alternate Key Number: 1117587
  • Lot Sq Ft: 3.00
  • Existing Utilities: Other Utilities
  • Location Site: Highway Frontage, Fenced, Water Frontage
  • Survey Available: No
  • Tax Exemptions: None
  • Water Main Inquiry File: No
  • Special Features: RealEstateOwned
  • Property Sub Type: LotsLands

Exterior Features

  • Waterfront: Gulf Front, Open Water
  • Waterfront: Yes
  • Waterview: Open Water View, Bay View

Utilities

  • Security: No Security

Lot Info

  • Deed Restrictions: Unknown
  • Land Size: Less Than 1/4 Acre
  • Building Permit: Other Permit
  • Total Lots: 3.00

Tax Info

  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 2, 2023
Sold by
Marathon Land Holdings 3 Llc
Bought by
Marathon Two Hospitality Holdings Llc
Current Estimated Value
$2,766,000

Purchase Details

Closed on
Jun 1, 2023
Sold by
Marathon Land Holdings 3 Llc
Bought by
Marathon Two Hospitality Holdings Llc

Purchase Details

Closed on
Feb 10, 2023
Sold by
Marathon Land Holdings 3 Llc
Bought by
Marathon Two Hospitality Holdings Llc

Purchase Details

Listed on
Sep 24, 2012
Closed on
Sep 25, 2012
Sold by
Rico Firstbank Puerto
Bought by
Marathon Land Holdings 3 Llc
Seller's Agent
Ocean Sotheby's International Realty
Buyer's Agent
Ralph Sanchez
Century 21 All Keys Inc (KW)
List Price
$2,000,000
Sold Price
$2,000,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.48%

Purchase Details

Closed on
Nov 10, 2011
Bought by
Marathon Land Holdings 3 Llc

Purchase Details

Closed on
Jan 30, 2006
Sold by
Serenity Cove & Beach Club Lllp
Bought by
Serenity Cove Resort Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,800,000
Interest Rate
6.21%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 30, 2004
Bought by
Marathon Land Holdings 3 Llc

Purchase Details

Closed on
Jan 1, 1995
Bought by
Marathon Land Holdings 3 Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Marathon Two Hospitality Holdings Llc -- None Listed On Document
Marathon Two Hospitality Holdings Llc -- None Listed On Document
Marathon Two Hospitality Holdings Llc -- None Listed On Document
Marathon Two Hospitality Holdings Llc -- None Listed On Document
Marathon Two Hospitality Holdings Llc -- None Listed On Document
Marathon Land Holdings 3 Llc $2,000,000 Attorney
Marathon Land Holdings 3 Llc $100 --
Serenity Cove Resort Llc $8,000,000 None Available
Marathon Land Holdings 3 Llc $1,000,000 --
Marathon Land Holdings 3 Llc $375,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Serenity Cove Resort Llc $4,800,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/25/2012 09/25/12 Sold $2,000,000 0.0% $488 / Sq Ft
09/25/2012 09/25/12 Pending -- -- --
09/24/2012 09/24/12 For Sale $2,000,000 -- $488 / Sq Ft
Source: Florida Keys Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,767 $3,582,512 $3,555,895 $26,617
2024 $10,033 $941,242 $916,406 $24,836
2023 $10,033 $941,242 $916,406 $24,836
2022 $10,539 $1,207,558 $1,182,722 $24,836
2021 $9,736 $971,211 $947,484 $23,727
2020 $8,559 $814,386 $790,659 $23,727
2019 $8,442 $801,318 $777,591 $23,727
2018 $7,689 $751,769 $731,850 $19,919
2017 $7,584 $738,700 $0 $0
2016 $7,789 $736,129 $0 $0
2015 $16,902 $1,606,454 $0 $0
2014 $17,320 $1,605,299 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Buyer's Agent in 2012

    Ralph Sanchez

    Century 21 All Keys Inc (KW)

    (305) 395-0383

    13 Total Sales

    Ralph Sanchez
    Section Image
See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 116991

Florida Keys Board of REALTORS®

APN: 00100620-000000

Florida Monroe County Marathon 33050

12550 Overseas Hwy, Marathon, FL

Not Listed for Sale

Lots

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Florida Keys Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes