Bought with AJ Vetter • Coastal Realty of the Florida Keys
$1,400,000
$2,250,000
37.8%For more information regarding the value of a property, please contact us for a free consultation.
0.49 Acres Lot
SOLD DATE : 10/18/2019
Key Details
Sold Price $1,400,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Sandy Point (74.5)
MLS Listing ID 584288
Sold Date 10/18/19
Lot Size 0.494 Acres
Property Description
Amazing opportunity to build a 12 unit waterfront condominium building in The Florida Keys. Excellent profit margin for a builder/developer. The condominium building was destroyed by Hurricane Irma. The building is located on a canal, with a view over Sea Oats Beach of the Atlantic Ocean. The location allows all units a direct view of either the ocean, or the canal, with partial bay views as well. 11 WATERFRONT Transferable Development Rights convey with the sale. Any sale is contingent on approval by all 12 owners. No guarantee of marketable title is made by this listing as the property is listed based upon majority but not unanimous approval. Any offer must be accepted by all 12 owners to be binding. Property is owned as ''tenants in common''.
Location
State FL
County Monroe
Zoning OTH - Other Zoning
Exterior
Utilities Available Sewer
Waterfront Description Yes
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