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57642 Overseas Hwy, Grassy Key, FL 33050 571350 Residential Active $1,200,000

Provided as a courtesy ofGidget Jackson BrokerRealtorConsultantNotaryPropertyManager, RSPS, CDPE, SFR, EPRO, ABR, AHWDRealty Executives Florida Keys7999 Overseas Hwy, Ste 1 Marathon, FL 33050Office Phone (800) 7640531 Mobile (305) [email protected]://www.gidgetjackson.com

Duplicate Listing?: No Type of Listing: Exclusive R Listing Board: Marathon/Lower KeysAs is Rght to Inspct: Yes Potential Short Sale: No Bank Owned: NoSpecies List: No

Off Shore Island: No County: Monroe Subdivision: Crains Sub (58.0)Mile Marker: 58 Area: 19 Crawl Key & Grassy

KeyKW Neighborhood:

Side: Ocean Flood Zone: VE,VE Handicap Access:Alternate Key #: 1456900 Add'l Parcel #1: Add'l Parcel #2:Parcel #: Bldg Nbr: Zoning: MU Mixed Use

Commercial Mixed UseDeed Restrictions: No Taxes: 8,740.23 Tax Year: 2015Owner Name: Sunrise Beach House

IncPub Sewer HkUp: Yes Dcmntd Septic Tnk:

Style: Duplex Waterfront: Yes Control Depth: 2Unit/Complex: Pool: Yes Year Built: 1958Total Units: 2 Lot Size: Lot SqFt: 28,750Acres: 0.66 Living Apx SqFt: 1,804 SqFt Source: Tax RecordsSqFt Remarks: Total Bedrooms: 4 Full Baths: 3Half Baths: 0 Total Baths: 3 Floor Number:Rentals Allowed: Yes Min Rental Days: 7 Max Rental Days:

Dual/Var Rate Comm: No Single Agent Com: 2.50 Single Agent CommType:

%

Trans Broker Com: 2.50 Trans Broker CommType:

% NonRep Com: 0

NonRep CommType:

% Limitd Reprsntation: No

Sale Terms: Selling Info: Sold Comments:Sold Remarks: Buyer's Residency: Buyer City:Buyer State: Buyer County:

Remarks Consumer: This Oceanfront Transient Rental Duplex offers so many options... as Income Property or Vacation Home with substantialincome to offset expenses. Adjacent to an 8 room Hotel (also offered @ $2.5 mil MLS #572800), receives fabulous overflow of guests from the Hotel,and is perfect for Family Retreats and Weddings. See supplement for more details. Please do not visit the property without an appt. Agent Remarks: Financials and more information available. Please fill out Confidentiality Agreement in Documents and email [email protected] DO NOT VISIT THE PROPERTY WITHOUT AN APPOINTMENT. Directions: US 1 Grassy Key ocean sideLegal:

Association Info: Mandatory Home OwnersAsc: NoFee Includes: NoneTax Exemptions: None License Info: # of City License: 2Waterfront: Oceanfront; Open Water Waterview: Ocean View; Open Water View Dockage: BasinBuilding Style: Above Flood: Unknown;Ground LevelVehicle Storage: Guest Parking; Open Parking;RV Parking Open; Trailer Storage

Furnished: Furniture NegotiableCooling/Heating: Window/Wall Unit Utilities: Elect Separate Meter; FKAA; MunicipalSewerInterior Features: Drapes/Blinds Incl; SmokeAlarmsAppliances: Range; RefrigeratorExterior Features: Sandy BeachPool Info: In Ground; DeckedConstruction: CBSFloor: Concrete

Roof: Tar/Gravel Roof Pets: Pets AllowedNeighborhood Feature: BeachSecurity: No SecurityLand Size: 1/2 Less Than 1 ACTerms: Buyer Obtain Finance Show: Call List Agent; Sign on Property; TenantOccupiedTitle: Negotiable Financial Status: Bank Owned: No; PotentialShort Sale: No

Listing Date: 07/06/2016 Expiration Date: 10/31/2017 Days On Market: 301List Price: 1,200,000 Original List Price: 1,250,000 Status Change Date: 11/16/2016

LA: Gidget Jackson; (305)9008217; [email protected]: Realty Executives Florida Keys; (800)7640531

CLA: Michelle Blades; (305)3944750; [email protected]

Information is deemed to be reliable, but is not guaranteed. © 2017 MLS and FBS. Prepared by Gidget Jackson BrokerRealtorConsultantNotaryPropertyManager, RSPS,CDPE,SFR,EPRO,ABR,AHWD on Wednesday, May 03, 2017 12:54 PM. The information on this sheet has been made available by the MLSand may not be the listing of the provider.

mailto:[email protected]

http://www.gidgetjackson.com/

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and may not be the listing of the provider.


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Supplement for MLS # 571350 57642 Overseas Hwy, Grassy Key, FL 33050 $1,200,000

Suite 1 is a 3 bedroom 1 bath oceanfront, turn key, fully furnished rental. Suite 2 is 2 bedrooms and 1 bath oceanfront, turnkey, fully furnished rental. There is a large pool and room to build an oceanfront mansion. See Supplement for moreinformation.

Notes from the Sellers: .

The income for 2015 was $122,237.81 The yearly occupancy was 62%

The utilities are as follows... Water $3404.29 Electric $6682.18 Cable $1200 Internet $720

We sometimes take care of it ourselves but if we do not the fee for grass cutting and edging is $100 each time whichwould vary upon seasons. And the pool service to once a week come and check, clean and add chemicals to the pool is$160/month.

We are still completing our Quick Books so repairs, supplies and housekeeping are not included at this time. However we did not have any major repairs in 2015.

Insurances... Flood $8194.00 Wind $2862.83 Liability $1834.88 (this is shared with our other company)(this is the amount we a lot to the Beach House)

Property Taxes $8500 approximately if paid by January


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Photos for MLS # 571350 57642 Overseas Hwy, Grassy Key, FL 33050 $1,200,000

57642 Overseas Hyw Marathon FL3796 dolphin1

57642 Plat 79513da3c5ad4095818621d722ac781ethu

d3968aabe82841da9b3e6d8f50a380a1thu f52b607a791740ddbaf6f2f93cec650cthu


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MLS # 571350 57642 Overseas Hwy, Grassy Key, FL 33050 $1,200,000

57642 Overseas Hyw Marathon FL3567 57642 Overseas Hyw Marathon FL3585




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57642 Overseas Hyw Marathon FL3827


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Street Map for MLS # 571350 57642 Overseas Hwy, Grassy Key, FL 33050 $1,200,000

SUNRISE BEACH HOUSE PROFIT & LOSS 2016Ordinary Income/Expense

IncomeRoom Rental $118,971.00Collection Allowance $339.64Total Ordinary Income $119,310.64

ExpensesAdvertising $200.00Exterminating $1,437.28Grounds and Maintenance $700.00Flood Ins $10,154.00Liability Insurance $969.79Licenses and Permits $722.28Pool Supplies $2,069.77Repairsplumbing $507.79A/C $590.71Supplies - Other $1,116.01Property Tax $8,740.23UtilitiesCable TV $1,356.05Gas and Electric $7,124.79Water $2,805.39Total Expense $38,494.09

Net Income $80,816.55

CITY OF MARATHON, FLORIDA 10045-55 Overseas Highway, Marathon, Florida 33050

Phone: (305) 743-0033 Fax: (305) 743-3667

“EXHIBIT A”

October 28, 2016

Sunrise Beach House Inc.

57642 Overseas Highway

Marathon, Florida 33050

Subject: Property RE Nos 00373870-000000

Sender Site # VBR(DP) 2016-023

To whom it may concern:

The City of Marathon has reviewed your application for Determination of Building Rights and has determined that the

above subject properties having been joined by a Unity of Title is entitled to Two (2) Market Rate Transferable

Building Right(s) (the “TBR(s)”) under the City’s Land Development Regulations (“LDRs”).

Pursuant to the above review and determination, the existing residential structure is now considered as a duplex

residential unit requiring a sewer assessment of two (2) Equivalent Dwelling Units (EDUs). As such, the City is

required to assess an additional dwelling unit through the City’s Utilities Department. Please contact them to

determine the best way to satisfy the terms of the assessment.

A Development Right or TBR is an inchoate right to be recorded with the Monroe County Clerk in the land

registry. Please use the Sender Site identifier # indicated above in all correspondence with the City regarding

the Development Right or TBR.

Transfer of the building right is subject to the conditions set forth in the LDRs, as amended from time to time.

These conditions include the following:

- Prior to transfer, all bonds, back city taxes, fees and liens (other than mortgages) affecting the parcel

must be paid.

- You, as the sender site, along with the receiver site of the TBR must also make separate application for

the Approval of the transfer of the building right with the City of Marathon.

- The Receiver Site must:

Be classified by the City Biologist equal to or less environmentally sensitive than the sender site

Must be zoned to allow the requested use

Meet all provisions of the LDRs and the Comprehensive Plan relating to the type and magnitude of

the proposed development.

The applicant(s) must also meet one of the following “Affordable Housing” requirements prior to the issuance

of the certificate of occupancy for the receiver site:

Reconstruct or rehabilitate not less than thirty percent (30%) of an affordable deed restricted

dwelling unit on the sender site, the receiver site or some other acceptable site;

Make a cash payment to the City’s affordable housing program fund in the minimum amount of

$20,000 per TBR (this in-lieu payment may be adjusted by City Council from time to time);

Donate a buildable parcel located in the City suitable for development of affordable housing; or

CITY OF MARATHON, FLORIDA 10045-55 Overseas Highway, Marathon, Florida 33050

Phone: (305) 743-0033 Fax: (305) 743-3667

Some combination of the above paragraphs.

We encourage you to review the applicable provisions of the LDRs for the full details of these and any other

conditions applicable to the transfer of building rights.

If you have any other questions, please feel free to contact me at 305.289.4111

Sincerely,

George Garrett, Planning Director

City of Marathon, Florida

305 289 4111

[email protected]

mailto:[email protected]

RE # / Street / Owner Name Contains: 00373870-000000

Search

00373870-000000 : 57642 OVERSEAS : SUNRISE BEACH

RE No: 00373870-000000

Address: 57642 OVERSEAS HWY GRASSY KEY

Owner: SUNRISE BEACH HOUSE INC

Srv Area: 7 SLC Permit: T2014-0128

Annual Asmt $$: $508.00 Payoff $$: $4,787.62

Serv Area: Valid thru Dt: City EDUs: Asmt: Balance:

Area12357 8/1/2016 1 $508.00 $4,787.62

Year: Owner: ERUs: Assessment: 2013-14 SUNRISE BEACH HOUSE INC 1 $120.00

Get Project Permit Type Status Date > P2001-0475 RR2001-475 Roof/Reroof Closed 6/22/2001

> P2001-0473 HH2001-473 Landclear Closed 6/28/2001

> P2001-1073 K2001-1877 Fill Closed 11/28/2001

> P2002-0303 B2002-0342 Building Closed 1/23/2002

> P2002-0482 A2002-0537 Pools/Spas Closed 2/5/2002


> P2002-0482 E2002-0568 Electrical Closed 2/6/2002

> P2002-0482 M2002-0569 Mechanical Closed 2/6/2002


> P2002-0482 P2002-0632 Plumbing Closed 2/8/2002

> P2002-1550 P2002-1779 Plumbing Closed 6/11/2002

Real Estate Search Print

Results (1/25/2016)

Current Property Infomation

Waste Water Assessment Information

Storm Water Assessment Information

Building Permitting

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1/25/2016http://cityviewweb.ci.marathon.fl.us/Cityviewonline/REMaster.asp?SelPrint=Y&ffSelecte...

> P2002-1755 E2002-1982 Electrical Closed 8/6/2002

> P2014-0067 T2014-0128 Building Sewe Closed 1/2/2014

> P2014-0067 12014-0129 Abandonment Closed 1/2/2014

Get Application Type Status Date > PLR2003-00110 Vacation Rental New Denied 5/5/2003

> PLR2004-00222 Vacation Rental New Closed by F 9/29/2004

Get CASE Type Status Date > C2004-0043 Zoning Code Closed 4/20/2004

Application Information

CODE Information

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1/25/2016http://cityviewweb.ci.marathon.fl.us/Cityviewonline/REMaster.asp?SelPrint=Y&ffSelecte...

Zoning

Mixed Use (MU) Zoning District: The MU zoning district is designed to accommodate a wide variety of commercial and retail activities that will result in the most efficient and attractive use of the City's historic business district and the US 1 corridor, in an effort to recognize the role of US1 as the City of Marathon’s “Main Street”. Specifically, this district provides for land uses that have a strong pedestrianoriented character, with a mixture and concentration of specialty shopping, transient lodging, retail, personal service, restaurant, cultural, fishing industry, affordable housing and entertainment uses in the Old Town area. The MU district also provides for large-scale retail and commercial business opportunities in other areas, including larger shopping centers, specialty shopping centers, individual multi-tenant commercial buildings, automobile services and sales, fast food restaurants, affordable housing residential uses, transient lodging and other retail establishments that serve the community at large. The (MU) district is designated within the Mixed Use Commercial (MUC) future land use category on the Future Land Use Map (FLUM).