101 11Th Street OceanMarathon, FL 33050

This exceptional oceanfront property in Marathon, Florida, presents a unique investment opportunity. Boasting 1,000 square feet of living space, this 2021-built, two-story home sits on a 100,754 sq ft lot and offers stunning ocean and sunset views. The property is a single-unit, Class A multifamily investment, currently operating as a successful vacation rental with a 30-day minimum stay. The asking price is $629,000, representing a compelling $629 per square foot and a 15.83% cap rate with a $99,600 NOI. High-quality modular construction ensures durability, meeting 185 mph wind resistance standards, and includes a transferable 10-year warranty. The ground lease carries a monthly cost of $1,500-$1,600, encompassing amenities like a community lounge, fire pits, sun deck, outdoor kitchen, pool, and landscaping. Importantly, there are no property taxes or HOA fees. The property is conveniently located near the Seven Mile Bridge, local restaurants, and beaches. A carport is included, with an optional private marina boat slip available. This turnkey investment is perfect for those seeking passive income or a luxurious vacation home, and is well-suited for 1031 exchange opportunities. The property is zoned RM. Scheduled appointments are required for viewings.