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$3,500,000 For Sale

75971 Overseas Highway
Islamorada, FL 33036

4 beds, 4 full, 1 partial baths | Single Family Home
6,065 sq ft; lot: 1.31 acres - MLS# 580319
Property Photo
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Description

Income Property! A successful weekly vacation rental, 'Turtle Nest Estate' is a long established rental property which has achieved $1,029,585 in gross rental income over the past 5 years (2013 to 2017). With an average annual gross income of $205,917, this property could potentially be self-funding! Plus you also get to enjoy your own tropical beachfront paradise on the ocean in desirable Islamorada near all the most popular diving and fishing spots. Relax on the 150-foot beach, soak in some rays by the pool, or enjoy nearby fine dining, entertainment & local attractions. This luxurious home offers more than 6,000 sf under air, an oceanfront pool with integrated hot tub, a wade-in sandy beach and an observation pier. Two-car garage, elevator, theater room, split plan, guest wing & more!

Features

  • Accessibility: Elevator, Yes
  • Appliances: Dishwasher, Dryer, Microwave, Oven, Range, Refrigerator, Stainless Steel Appl, Washer
  • Baths: 5
  • Bedrooms: 4
  • Construction: Cbs
  • Control Depth: 2
  • Cooling/Heating: Central A/C
  • County/Area: Monroe County
  • Dockage: None, Other Dockage
  • Exterior Features: Built-In Grill, Hot Tub, Outdoor Kitchen, Outdoor Shower, Sandy Beach
  • Floor: Marble
  • Full Baths: 4
  • Furnished: Furniture Negotiable
  • Guest/Servant Qtrs: Legal
  • Half Baths: 1
  • Interior Features: Built-In Cabinets, Cathedral Ceilings, Elevator, Granite Counter Top, Sky Light(S), Split Bedroom, S
  • Key/Island: Lower Matecumbe
  • Land Size: 1 Less Than 2 Acres
  • Listing Status: Active
  • Lot Size: 430 X 150
  • Lot SqFt: 57062
  • Mile Marker: 75
  • Min Rental Days: 7
  • Neighborhood Feature: Beach
  • Pets: Pets Allowed
  • Pool: Elevated, Concrete, Decked, In Ground
  • Pool or Spa: Elevated, Concrete, Decked, In Ground
  • Porch/Balcony: Deck, Open Porch/Balcony
  • Pre-Wired: Cable
  • Property Type: Single Family Home
  • Pub Sewer HkUp: Yes
  • Realtor.COM Type: Residential - Single Family
  • Rentals Allowed: Yes
  • Roof: Metal Roof
  • Shutters: Panel
  • Side: Ocean
  • Specialty Rooms: Laundry Room, Loft, Theater Room, Utility Room
  • Sq.Ft.: 6065
  • SqFt: Approximate
  • SqFt Source: Tax Records
  • Style: Split Level
  • Sub Type: Single Family
  • Subdivision: Mat Ocean Bay (75.0)
  • Subdivision/Neighborhood: Mat Ocean Bay (75.0)
  • Total Baths: 4.10
  • Total Units: 1
  • Utilities: Fkaa, Municipal Sewer
  • Vehicle Storage: Attached, Covered Parking, Garage, Guest Parking, Off Street Parking, Open Parking, Trailer Storage
  • Windows/Doors: Impact Rstnce Window, Sliding Glass Doors
  • Year Built: 2006
  • Zip Code: 33036
  • Zoning: RE - Residential Estate
  • View: Ocean View, Open Water View
  • Waterfront: Oceanfront, Open Water, Yes

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agent photo

Brett Newman
Margo Newman
Rebecca Callahan

P (305) 393-1770
F (305) 664-4111
Email: brett@brettnewman.com

Coldwell Banker Schmitt Real Estate Co.
85996 Overseas Hwy
Islamorada, FL 33036
305-393-1770

 

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