Updated Dec 21, 2023
Century 21 Island Life Acquires Marathon SFR For $11M
1740 Overseas Hwy, Marathon, FL, USA
$11,000,000
$1,710/SF
Building Size
6,432 SF
Asset Type
Single Family Residence
Closing
Feb 25, 2021
About this deal
AI
Located at 1740 Overseas Hwy in Marathon, this single-family residence (SFR) was recently sold in a closed transaction. The sale took place on February 26, 2021. The property covers an area of 6,432 square feet, offering ample space for the new owners. The purchase price for this beautiful SFR was $11,000,000, resulting in a price per square foot (PPSF) of $1,710. The property is situated in a desirable location in Marathon, providing convenience and accessibility to local amenities.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $11,000,000
- Square Footage: 6,432
- Price per Square Foot: $1,710
- Address: 1740 Overseas Hwy, Marathon
- Market: Marathon
The buyer was represented by Sal Livoti from Agent Century 21 Island Life, while the seller was represented by Pierre Bellion from Ocean Sotheby’s International Realty. Through the expertise and guidance of these representatives, the transaction was successfully completed. The involvement of reputable agents underscores the importance of professional representation in real estate deals.
Players
Marathon Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93