100 Morris Ln Unit 56 Slips, Key Largo, FL 33037

$10,500,000

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List Price
$10,500,000
MLS#
618462
Status
ACTIVE
Island
Key Largo
County
Monroe
City
Key Largo
Area
Key Largo N of MM 107 Incl Ocean Reef
Subdivision
Monroe Park (112.5)
Neighborhood
28 - Key Largo N of MM 107 Incl Ocean Reef
Year Built
1981
Days on Market
174

Property Description

Manatee Bay Club Marina - Rare Investment Opportunity in the Florida Keys Located on the iconic 18-Mile Stretch entering Key Largo at the Miami-Dade/Monroe County line, Manatee Bay Club is a private, gated marina condominium association offering a truly unique investment opportunity. This offering includes 56 boat slips (2,309 linear feet) within a 94-slip marina that is exceptionally well maintained and financially strong, with healthy reserve funding in place. The marina features aluminum docks, pool, beach, laundry facilities and a floating bathhouse. The Marina is configured with 7 finger piers and 1 dock that parallels US1. . A Dock and G Dock are included in this sale, with A Dock also conveying a large upland area, presenting the rare possibility to create a private, secluded enclave within the community. Other docks in this sale are scattered throughout the community in varying lengths. Beautiful buttonwood landscaping enhances the natural surroundings and creates a distinctive, tranquil ambiance rarely found in marina properties. This is more than just a marina--it is also a strong income-producing rental asset. Most slips are leased on 6-month terms, attracting Miami boaters who enjoy weekend trips to the Keys, as well as seasonal snowbirds escaping northern winters. Financials are available for qualified investors. For those seeking a well-run, income-generating marina in a prime Florida Keys location, Manatee Bay Club stands out as a hidden gem. Showings are easy to schedule--don't miss this exceptional opportunity. Please see site plan and highlight areas for sale. SEE DOCUMENT TAB FOR SITE PLAN

Additional Information

Taxes
$60,891
Waterfront
Yes
Control Depth
4
Zoning
SC - Sub Urban Commercial District

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Listing Courtesy Of Coldwell Banker Schmitt Key Largo, Contact: 305-451-4422