Florida Keys Home Team - Coldwell Banker Schmitt
62250 Overseas Highway #11
Conch Key, FL 33050

Description

Rare opportunity to own an entire Island compound consisting of 2 luxury Balinese inspired homes and three 2/2 cottages. The Balinese homes have 4152 sq. ft. each with pools and marble, granite and tropical hardwood finishing materials. 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. The two grand houses are licensed weekly vacation rentals and have a potential gross of $450,000. The three cottages can be rented nightly.

Details

MLS#578641
StyleHouse
Sub-TypeResale
StatusActive
Year2005
Days On Site286

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:
$9,999,000
low | high
Med:
$5,254,000
97.454745474547% of Average
SqFt:
11,000
low | high
Med:
6,006
95.4% of Average
$ / SqFt:
$909
low | high
Med:
$706
72.334189940733% of Average
On Site:
286
low | high
Med:
152
100% of Average
Listing Updated: 11/19/2018
MLS Number: 578641
Listing Provided By:
Ginger C Henderson, Broker  of  American Caribbean Real Estate - Middle Keys