305-609-4190
58652 Overseas Highway, Marathon FL 33050
Active Single Family Residence Waterfront

58652 Overseas Highway, Marathon FL 33050

Marathon, FL, 33050

$3,495,000

Est. $17,673/mo (20% down)

4
Beds
4
Baths
2,429
Sq Ft
1981
Year Built
Lot Sq Ft
Garage

Photo Gallery (60 photos)

About This Property

Enter the bougainvillea-lined gates of Casa Feliz, a private oceanfront retreat on Grassy Key with expansive water views, white sand beach, and a true resort-style experience in the Florida Keys. An exceptional investment opportunity, Casa Feliz is a strong producing vacation rental with rental history and future bookings already in place. Set on over 24,000 square feet of lush grounds with mature landscaping, fruit trees, fresh herbs, and .29 acres of bay bottom, this exceptional estate is designed for both relaxation and entertaining. An observation pier invites kayaking, paddleboarding, fishing, and endless enjoyment of marine life, while the unique orientation captures both breathtaking sunrise and sunset views over the water, a rare and coveted feature in the Keys. Outdoor living is elevated with a resort-style saltwater pool featuring cascading waterfalls, spillover spa, and fully equipped poolside cabana complete with wet bar, refrigerator, ice maker, and cooking area. A fire table and beachside fire pit create the ultimate setting for entertaining or unwinding beneath the stars. Completely renovated down to the studs in 2022, the three-story residence was thoughtfully redesigned to maximize sweeping ocean views from nearly every room. Offering four custom bedroom suites, each with private en-suite bath, the home comfortably accommodates guests in luxury.

Property Details

MLS #

A12056681

Status

Active

Property Type

Residential

Sub Type

Single Family Residence

Year Built

1981

Days on Market

34

Pool

No

Waterfront

Yes

Price / Sq Ft

$1,439

HOA Fee

None

Est. Insurance

$1,165/mo

Tax Year

2025

Tax Amount

$14,033

Garage

Lot Size

MLS Area

Crains Sub

Subdivision

Crains Sub

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Flood Zone & Insurance

Flood zone data not available for this listing. Check FEMA directly

Investment Analysis

$24,465
Est. Monthly Rent
1.1%
Cap Rate
5.6%
Cash-on-Cash
$39,463
Net Operating Income

ROI Projections (4% Annual Appreciation)

137%
5-Year ROI
Value: $4,252,202
297%
10-Year ROI
Value: $5,173,454
485%
15-Year ROI
Value: $6,294,298

Estimates based on area averages. Actual returns may vary. Consult a financial advisor.

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