$1,800,000

250 Gulf Terrace

Marathon FL, 33050

Description

Property located in the only opportunity zone in Monroe County. Tremendous tax benefits and incentives. Conditional use approval for fifteen-units; nine-affordable and six-market rate. Affordable allocations are expected early 2020. Market rate allocations expected mid-2020. Property surrounded by water with cap rock. Plat map, aerial, site plan, survey, vegetation survey, conditional use approval, opportunity zone map and explanation of tax benefits on file under ''Documents''.

Details

MLS#586597
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site215

Features

ZoningMU - M - Mixed Use - Maritime
Acreage1.65
Water FrontCanal Front
Property ViewYes

Market Activity 33050

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Area Information

StateFL
CountyMonroe
CityMarathon
Zip Code33050
AreaMiddle Keys
SubareaOutside of Key West
Listing VS Median (in 33050)
Price:
$1,800,000
low | high
Med:
$475,000
100% of Average
On Site:
215
low | high
Med:
100.5
100% of Average
Listing Updated: 02/21/2020
MLS Number: 586597
Listing Provided By:
Steve Smith, P.A.  of  Ocean Sothebys International Realty (Marathon)