Fishing & Miscellaneous Items - Marathon - New 3/2 waterfront with great Ocean view - $599,000!

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FishEye
08-03-2006, 11:07 AM
For sale is a new (built in 2005) 3/2 Modular on the Ocean side of Marathon, FL. Located on 91st Court Ocean. The dock is 45 feet wide with water and electric, the control depth is about 5 feet. The house is located 5 houses in on a canal to open water. As you can see by the asking price I am Very motivated to sell. Compare this to other waterfront homes on Marathon. There is nothing available like this one even without the Ocean view for near this price. Check it out on Realtor.com. There is even a school of snapper that are always under my dock! The house is Wind rated at 155 mph (category 5) by the manufacturer.


Reply to this thread if interested or call 561-441-7935.

Buy a slice of paradise and some instant equity!


lucent1123
08-04-2006, 08:19 AM
What is insurance running you now?

FishEye
08-04-2006, 09:47 AM
About $4000/year for wind, hazard, and flood.


Victory 1
08-04-2006, 09:54 AM
absoulety beautiful! wish i had the coin, the house is about 300k over my relocation budget lol...good luck!

Captn Hank
08-04-2006, 10:14 AM
How wide is the canal? The "Admiral", wants to take a ride down and see the place.

FishEye
08-09-2006, 09:31 PM
I do not know the exact width of the canal. I had a Mako 254 that I docked there on the weekends and had no trouble turning around in front of the dock next to mine. If I was to guess at the width I'd say 35 to 45 feet depending on if there is a dock in the way or not.

FishEye
08-20-2006, 07:39 PM
New price of $735,000. I must sell this house very soon. First reasonable offer takes it...

cafe55
08-21-2006, 03:15 PM
how much are the taxes on the property today and what is expect amount on 700m going to be?

What mile market is the house at?

FishEye
08-21-2006, 06:08 PM
I just got the proposed tax bill in the mail today - The proposed taxes will be $4,323 for 2006 or $3,949 if no budget changes are made (like that ever happens).

The house is located nearest to mile marker 52.

capt. tim
08-22-2006, 01:13 PM
Fisheye, if I purchase this property what will my taxes be? You are paying 4 grand on the old assessed value of the property...The taxes will go up significantly on the new assessed value (after purchase)probably to 11 or 12 grand...Let me know

Victory 1
08-22-2006, 02:30 PM
and what about insurance? how much are you paying now?.....great house!

Libra
08-22-2006, 03:32 PM
Whats the sq. footage?

dowop
08-22-2006, 04:08 PM
capt. tim - 8/22/2006 1:13 PM

Fisheye, if I purchase this property what will my taxes be?* You are paying 4 grand on the old assessed value of the property...The taxes will go up significantly on the new assessed value (after purchase)probably to 11 or 12 grand...Let me know

I don't know how FL works but you are not re-assessed when a property is sold in PA,NJ or DE. Unless you have a county wide re-assessment, your taxes should be roughly the same after a owner transfer as they were before. You'll always have a increase in taxes, but that does not equate to a re-assessment.

The assessed value and market value are not necessarily the same. They do tend to converge only after a re-assessment.

Looks like a great house!

stingerhook
08-22-2006, 04:31 PM
you will be individually adjusted after a sale - assuming this property is homesteaded - if it is not covered by the homestead exemption its a different story

figure it out here
http://www.monroecounty-fl.gov/Pages/MonroeCoFL_WebDocs/mcpa

FishEye
08-22-2006, 04:52 PM
The taxes for 2006 will be $4323 and this reflects the new assessment of $442,632 (which is based on my purchase price of $765,000 in June of 2005). I have the proposed tax bill for 2006 in my hands.

My insurance is right about $4,100 per year for Flood, Hazard. and Wind Storm. I use USAA Insurance for Hazard and Flood and Citizen's Insurance for Windstorm. The house is Wind rated by the manufacturer at 155 mph!

The square footage is just under 1,100 S.F. I have a PDF file of the floorplan that I could email if you are interested. The house does not feel small inside at all. It is very well laid out.

dowop
08-22-2006, 06:25 PM
Stinger - I don't think so because if you pull the county record on this property, you'll see the purchase price of 765K on June 2005 for an assessed value of 442,632. According to their rate - a sale price of 765K would have been 7783.19 if they adjusted it.

FishEye
08-22-2006, 07:08 PM
The assessed value was adjusted in 2006 and was based on the purchase last year at $765,000. The prior year (2005) it was assessed at $32,415 and the taxes were $330 per year. So based on this logic, if the house sells again in the $700k range, the taxes should remain roughly the same for 2007.

stingerhook
08-26-2006, 10:30 PM
absolutely if you paid 765 last year and it was reassessed - should not expect much of a change

now if it had been homesteaded for 20 years - you would have been nailed

heck that milage rate looks pretty good compared to Hillsborough County

skypoke
08-27-2006, 08:16 AM
You guys need to stop complaining about cost of living in Fla. Taxes on that waterfront house here on the Texas coast would be well over 15K/year. The insurance cost sounds pretty reasonable too. I'm jealous of how that water looks....

Chuck

Kat-Man-Do
08-28-2006, 05:39 PM
What is the construction of the House? Is it frame and lapboard wood, or frame and hardiboard, cbs/hardiboard?

FishEye
08-30-2006, 09:40 AM
I am not sure of the construction. I know it is not CBS since the home is assembled in modular parts at the factory, then trucked down, and put together on site. CBS construction would crack and fall apart on the back of a semi. I just know it is wind rated to 155 mph (cat 5). If you are serious about the house I can contact the builder and find out the answer for you.

FishEye
09-07-2006, 07:01 PM
btt

Wahzoo
09-08-2006, 01:40 PM
Hey is the lot across the street with the old single wide available ???

MakoAmok
09-10-2006, 10:40 PM
That's Funny, more my speed(afordability) too!

FishEye
09-21-2006, 07:33 AM
That lot would probably be way more expensive than my house if it ever goes on the market!

FishEye
09-29-2006, 08:09 AM
bump

FishEye
10-10-2006, 07:27 PM
New Price.. $675,000

FishEye
11-05-2006, 11:35 AM
btt

ruggit
11-05-2006, 12:38 PM
Could you post a map of the area showing the canal access to the water, and maybe a photo showing more of the condition of the dock?

What are rules relating to lifts?

FishEye
11-06-2006, 03:34 PM
Here is a satellite image of the area. The boat access can easily be seen. It is a cut that goes in from the ocean and then goes right (east) and to the end of the canal the house is on. I do not have any additional dock pictures but will take some on Tuesday and post them here.

Lifts: I do know that there are homes with davits and one with an elevator lift on the canal. I do not know any legal info on this topic though.

FishEye
11-07-2006, 05:04 PM
As requested - Dock Pictures:

stingerhook
11-16-2006, 08:01 PM
few more years and i am all over it.....

cafe55
11-17-2006, 08:55 AM
What mile marker is the house located?

FishEye
11-21-2006, 09:03 AM
It is around MM 52. Turn off A1A on to 92nd Street Ocean. At the end of the street take a right and then a quick left. The house will be on the left of 91st court.

Kat-Man-Do
11-21-2006, 09:34 PM
Do you know or have a list of property/HOA restrictions, and specifically how wide of a boat you could put in the canal?

Kat

PS the email you have listed in your profile doesn't work

FishEye
11-25-2006, 10:25 AM
There is no HOA and therefore no HOA restrictions. I do not know of a width limit on boats in the canal. I would think you could park anything you want as long as your neighbors can get their boats past you.

I will fix the email in my profile...Thanks

Wahzoo
12-01-2006, 12:58 AM
My wife wants to see pics of the inside...

FishEye
12-01-2006, 09:29 AM
Hi Wahzoo - This is what I have at the moment. I will take pictures of the bedrooms and bathrooms next time I am at the house. When I have them I will post them here and try to PM or email you as well.

Here a couple more outside shots as well:

FishEye
12-15-2006, 09:38 AM
Lowered price to $649,000

FishEye
12-21-2006, 01:10 PM
Price change: was $644,000 - now $630,000 with no realtor commissions

Marathon Airport as of 2/15/07 is now running Commercial flights.
http://www.news-press.com/apps/pbcs.dll/article?AID=200770215020

FishEye
01-02-2007, 09:27 AM
btt

FireFly
01-02-2007, 11:44 AM
That sucks you are taking such a beating on a nice piece of property. Can you hold on until the market rebounds? Waterfront always comes back first....

cafe55
01-05-2007, 04:58 PM
Does this house have a sea wall?

How is the dock attached to the property?

could you send me the floor plan.

Also how wide is the lot?

Your dock is made of wood, why is there a second dock laying on top to the right?

FishEye
01-06-2007, 10:16 AM
No seawall. Just large rocks under the dock.

I do not know the details of the dock construction except for it is wood, had PVC filings that are filled with concrete (see pictures)

The floor plan is posted in this thread. Look for a file called Floorplan.tif on the first page under the pictures. It is there with the names of the pictures. Just click Floorplan.tif and it should open for you.

Lot is 45 feet wide. Dock next door is laying on top because the same person used to own both lots. I do not think there is any encroachment problems though (I have a survey).

FishEye
02-08-2007, 08:18 AM
BTT - Price now down to $630,000

I would also rent it out annually at $1800/month

CGaviator
02-08-2007, 01:17 PM
Wish I was heading back that way soon - the rent or sale price is very good. I just moved up to Va from South Florida and miss the fishing down there.

cgrand
02-08-2007, 01:34 PM
just dreaming out loud...

$630K at 5.75% for 30 years + taxes & insurance is about $4K a month
maybe i could get a fourth job...

the other tom
02-12-2007, 09:35 AM
Fisheye, I will phone you later....Wife and I drove down to see your house yesterday and we are interested. Very nice place, (and nice neighbors).

FishEye
02-15-2007, 06:38 PM
Marathon Airport opened today (2/15/07) commercial air traffic (Delta Airlines).
http://www.news-press.com/apps/pbcs.dll/article?AID=200770215020

1Bigtrouble
02-15-2007, 06:56 PM
cgrand - 2/8/2007 1:34 PM

just dreaming out loud...

$630K at 5.75% for 30 years + taxes & insurance is about $4K a month
maybe i could get a fourth job...

I'm witcha c, $630K at 7.5% for 40 years + tases & insuance about $5K a month
I better play the lottory a little more. :grin:

bradmd
02-18-2007, 10:06 PM
Nice place. I just went to Marathon last month for a wk.........loved it.

FishEye
03-17-2007, 09:52 AM
under contract.

Pipo6007
04-09-2007, 12:20 AM
SOLD YET??????

CaptainRob
04-09-2007, 08:36 AM
I may be interested....I will keep you posted if I need more info....thanks...Capt. Rob

FishEye
04-17-2007, 07:40 AM
Pipo6007 - It is still under contract. If it goes through the closing will be at the end of April.

the other tom
05-08-2007, 10:21 AM
did it close?

FishEye
05-12-2007, 12:55 AM
Sold.



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