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1740 Overseas Hwy, Marathon...

Updated Dec 21, 2023

Century 21 Island Life Acquires Marathon SFR For $11M
SOLDSingle Family Residence

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

Sal Livoti

Broker

$11M

vol

1 deal

Broker

Marathon Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Deal FAQ

About $1.7K per square foot on a published $11M for 6,432 square feet (2021).

Visit Sotheby's International Realty to view all their deals.

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

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