Strong Investment Opportunity $6,900,000

Vacation Rental Compound

Private turn-key waterfront compound for weekly rental community. Seven 4 bedroom, 3 bathroom new homes built to windstorm standards. Each home is setup to enjoy their own privacy w/ balconies, covered parking, private spas & approximately 40' of dockage per unit. Good rental history & future bookings. 1.42 acres directly on US Hwy-1 and over 700 linear feet of water frontage. Located next door to the Boathouse and across Shelter Bay from Key Colony Beach in Marathon, FL in the Heart of the Florida Keys.

Vaca Cove The Owen Lucas Team Jody Owen 305-923-1902 or 12555 Overseas Hwy [email protected] Marathon FL 330503 Lynn Lucas 305-393-0559 or [email protected]

©2020 BHH Affiliates, LLC. Real Estate Brokerage Services are offered through the network member franchisees of BHH Affiliates, LLC. Most franchisees are independently owned and operated. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. Information not verified or guaranteed. If your property is currently listed with a Broker, this is not intended as a solicitation. Equal Housing Opportunity. 3100 Overseas Highway $985,000 | MLS# 586078 12345 Strathmore Circle $0,000,000 | MLS# 1234 12345 Strathmore Circle $0,000,000 | MLS# 1234 Saddlebunch, FL Bedrooms: 0 | Bathrooms Westbury Lake, US Bedrooms: 6 | Bathrooms: 4 Westbury Lake, US Bedrooms: 6 | Bathrooms: 4 Area Description Town description Sq. Ft: 3,250 | Acres: 0.25 Town description Sq. Ft: 3,250 | Acres: 0.25

The Owen Lucas Team 12555 Overseas Hwy, Marathon, FL Jody Owen 305-923-1902 or Offered at $6,900,000 [email protected] Lynn Lucas 305-393-0559 or [email protected]

Listing Board: Marathon/Lower Keys Range Pricing: Limitd Reprsntation: No As is Rght to Inspct: Yes For Sale/Lease: For Sale Potential Short Sale: No Bank Owned: No Species List:

Off Shore Island: No Subdivision: Fat Deer Key (53.0) Mile Marker: 53 18 - East of Holiday Inn County: Monroe Area: KW Neighborhood: US #1 & Coco Plum Marathon Vaca East (Vaca to Coco) Side: Ocean Flood Zone: AE,AE Neighborhood: Alternate Key #: 1117374 Add'l Parcel #1: Add'l Parcel #2: MU - Mixed Use Parcel #: 00100490-000000 Bldg Nbr: 7 Zoning: Commercial Mixed Use Taxes: 39,331.99 Tax Year: 2019

Style: Commercial Lot Size: irregular Lot SqFt: 61,855 Waterfront: Yes Control Depth: 5 Business Name: Vaca Cove Year Established: # Parking Spaces: Off Street Parking: # Stories: Building Ht. Ft.: Total # Buildings: Building SqFt: 12,180 SqFt Source: Property Data Card Net Leasable Area: 12,180 Total Units: 7 Year Built: 2016 Total Bedrooms: 28 Full Baths: 21 Half Baths: 0 Total Baths: 21

Sold Comments: Sold Remarks: Remarks - Consumer: Offered for sale is Vaca Cove a 7 unit vacation rental property located in Marathon, FL. The property is comprised of 7 stilted waterfront homes, dockage accommodating up to 40' boats per home, resort sized pool, fishing dock/kayak launch and built in 2016. Each home is 1,740 Sq. Ft., 4 bedroom, 3 bath, open floor plan living area, large laundry, water front porches with open water views, private spas and covered parking. This is an active vacation rental property with established management and increasing numbers. Please do not go to property unscheduled. Call for more information. Directions: Located ocean side of US 1 at mile marker 53 beside the Boat House and Art Studio. Legal: 5 66 33 FAT DEER KEY PT LOT 3 AND ADJ BAY BOTTOM OR169-204(II DEED 22158) OR580-191/192 OR933-67/68 OR1033-1340E OR2489- Vehicle Storage: Covered Parking; Off Street License Info: # of City License: 7 Parking Association Info: Mandatory Home Owners Asc: Cooling/Heating: Ceiling Fans; Central A/C No; 1st Right of Refusal: No Utilities: Buyer to Verify; FKAA; Municipal Sewer; Floor: Tile Floor Accounts & Meters: # Water Meters: 7; # Electric Separate Meters Roof: Metal Roof Meters: 7 Interior Features: Furnished; Smoke Alarms; Land Size: 1 Less Than 2 Acres Property Info: # Boat Slips: 7; # Kitchens: 7; # Window Treatments Fee Includes: None Efficiencies: 7; # Refrigerators: 7; # Range/Ovens: Appliances: Dishwasher; Disposal; Dryer; Range; Terms: Buyer Obtain Finance 7; # Washers: 7; # Dryers: 7; # Dishwashers: 7 Refrigerator; Washer Title: Title Ins - Buyer Type: Other Services Miscellaneous: Chickee Hut; Fencing; High Financial Status: Bank Owned: No; Potential Waterfront: Open Water Visibility; Pool; Spa Short Sale: No Waterview: Harbor/Marina View; Open Water View Construction: Frame Dockage: Dock: Other; Basin Windows/Doors: Impact Rstnce Doors; Impact Rstnce Window

Jody L. Owen, P.A. Lynn B. Lucas, P.A. Sales Professional Sales Professional 305.923.1902 305.393.0339 [email protected] [email protected] www.KeyRealEstate.com www. KeyRea !Estate.com Improvements: The property is improved with seven, elevated one-story modular wood frame construction vacation rental homes. All of the homes include four bedrooms and three full bathrooms. The units all feature unobstructed Bonefish Baywater views. Each of the subject structures contain 1,740 square feet of gross living area, plus a 240 square foot covered front porch and 24 square foot open entry porch. The subject complex has a gross building area of 12,180 square feet. According to the Monroe County Property Appraiser’s records, the subject structures were constructed in 2016. Overall the complex is in good condition.

Amenities: gravel paved and concrete pavers parking area and driveways throughout the complex. In addition, the residential units include private above ground spa, covered parking, and covered porches. The project shares a sandy beach, tiki hut, swimming pool, sundeck plus extensive boat dockage.

Dockage: Each unit has approximately a 40 foot (length overall) wet boat slip. Most of the dockage is above owned submerged land. No baybottom or submerged leases are in place.

Subject Buildings Location Built Sq. Ft. 1255 Overseas Highway, Marathon

Residential Vacation Homes House "A": 4 Bedroom/3 Bathroom 2016 1,740 House "B": 4 Bedroom/3 Bathroom 2016 1,740 House "C": 4 Bedroom/3 Bathroom 2016 1,740 House "D": 4 Bedroom/3 Bathroom 2016 1,740 House "E": 4 Bedroom/3 Bathroom 2016 1,740 House "F": 4 Bedroom/3 Bathroom 2016 1,740 House "G": 4 Bedroom/3 Bathroom 2016 1,740 Total Residential 12,180 Total Gross Building Area: 12,180 Building Construction Summary 12555 Overseas Highway, Units A- G, Marathon Florida

Building Characteristics: Existing Modular Homes Building Square Footage 7 Units, Each containing 1,740 SF Construction Modular Construction Condition Very Good Deferred Maintenance Minimal if Any Foundation Concrete Columns Grade Small Concrete Slab Under Homes for Spas Exterior Siding Hardie Board Siding Roof Type Gable Roof Construction Wood Truss Roof Cover Material V-Crimp Metal Roof cover Electric Service Appears Adequate 1Meter Ceiling Height 9 Feet: Painted Drywall Entry Doors Solid and Sliders Walls Painted Drywall Floors Ceramic Tile Windows Impact Sash Windows Baths Three, 3-fixture bath in Each Home Amenities: Private Above Ground Spas, Extensive Dockage, Complex Swimming Pool, Tiki, Sundeck, Sandy Beach, Covered & Open Parking, Water & Marina Views, Tropical Landscaping Porches Walkways 240 SF Covered Porch & 24 SF Open Porch per Unit

Subject Property SF or Amenities and Site Improvements: LF Chickee Hut (SF) 240 Concrete Paving Under Spas (SF) 700 Swimming Pool (SF) 810 Concrete Pavers (SF) 2,575 Metal Railings (SF) 520 Gravel Paving Est. (SF) 40,000 Composite Docks (SF) 3,050 Concrete Seawall & Retaining Walls (SF) 1,634 FLOOR PLANS SURVEY

2020 Paid Real Estate

ACCOUNT # 50CM 1117374 $37,200.83

12555 OVERSEAS PARTNERS LLC

00100490000000056633 11/30/2020 62956 733A Rd 12555 OVERSEAS Hwy A - G Brock, NE 68320-8405 107-20-00002964 12555 OVERSEAS PARTNERS LLC-VACA COVE 5 66 33 FAT DEER KEY PT LOT 3 AND ADJ BAY

BOTTOM OR169-204(II DEED 22158) OR580-191/192 12/03/2020 OR9 Receipt # Paid By Effective Date Paid

TAXING AUTHORITYY TELEPHONE MILLAGEMILLAGE ASSESSED VALUE EXEMPTION TAXABLE VALUE TAX AMOUNT SCHOOL STATE LAW 305-293-1400 1.5640 5,331.78 SCHOOL LOCAL BOARD 305-293-1400 1.7880 6,095.41 GENERAL FUND 305-292-4473 0.7670 2,614.76 F&F LAW ENFORCE JAIL 305-292-7017 1.7677 6,026.21 HEALTH CLINIC 305-296-4886 0.0434 147.95 MOSQUITO CONTROL 305-292-7190 0.4508 1,536.81 CITY OF MARATHON 305-743-0033 2.5900 8,829.49 SFWM DIST 800-432-2045 0.1103 376.02 OKEECHOBEE BASIN 0.1192 406.36 MIDDLE KEYS HEALTH CARE 0.5000 1,704.53 EVERGLADES CONST PRJT 0.0380 3,409,068 0 3,409,068 129.54

9.7384 $33,198.86

TELEPHONE MO CO SOLID WASTE 305-295-4323 2,849.00 MARATHON STORMWATER 120.00 MARATHON WASTEWATER AREA 4/6 305-289-5005 2,583.00

$5,552.00

$38,750.86

If Postmarked By Nov 30, 2020 Please Pay $0.00

ACCOUNT # 1117374 50CM

00100490000000056633 12555 OVERSEAS PARTNERS LLC 12555 OVERSEAS Hwy A - G 62956 733A Rd Brock, NE 68320-8405 5 66 33 FAT DEER KEY PT LOT 3 AND ADJ BAY BOTTOM OR169-204(II DEED 22158) OR580-191/192 OR9

CHECKS ON U.S. BANKS ONLY MADE PAYABLE TO DANISE D. HENRIQUEZ, C.F.C. TAX COLLECTOR • P.O. BOX 1129, KEY WEST FL 33041-1129 If Postmarked By Nov 30, 2020 Please Pay $0.00

Paid 12/03/2020 Receipt # 107-20-00002964 $37,200.83 Effective Date 11/30/2020 Paid By 12555 OVERSEAS PARTNERS LLC-VACA COVE FLOOD MAP COUNTY ZONING

Residential Medium (RM) District: The RM District is intended to establish areas of low- to medium- density residential uses characterized principally by single-family detached and two-family dwellings, designated within the Residential Medium (RM) future land use category on the Future Land Use Map (FLUM). FLOOD MAP AND PANEL WARRANTY DEED Area Information

Sombrero Beach

Major Points of interest

Key Colony Beach <2 minutes Key Aquarium Encounters <2 minutes Marathon Airport <5 minutes Sombrero Beach <5 minutes 7 Mile Bridge 10 minutes Hawk’s Cay Resort 15 minutes Dolphin Research Center 12 minutes Long Key State Park 20 minutes Bahia Honda State Park 20 minutes Islamorada 25-30 minutes Key Deer Refuge 30 minutes Key Largo 35-40 minutes Key West 45 miles,1 hour Miami Airport 95 miles, 2.5 hours Marathon Area Information: Being about 1 hour from Key West and Key Largo, Marathon is the Heart of the Florida Keys. The Marathon area is an island community made up of some 60 islands. The islands of Marathon are Boot Key, Knight Key, Hog Key, Vaca Key, Stirrup Key, Crawl and Little Crawl Key, East and West Sister’s Island, Deer Key and Fat Deer Key, Long Pine Key and Grassy Key. It is approximately 110 miles south of Miami.

Residents of this island chain recently incorporated their community into the City of Marathon in 1999, which set its boundaries from the East end of the Seven Mile Bridge approximately Mile Marker (MM) 47 to the West end of Toms Harbors Bridge, approximately MM 60.This is largely due to local citizens wanting more local control of their government in an area largely regulated by federal, state and county governments. Most recently the Islands of Islamorada incorporated for the same reasons and there is movement in neighboring islands to also incorporate. Prior to the incorporation of Marathon and Islamorada the only cities within the county were Key West, Layton, and Key Colony Beach.

The New York Times recently recognized us as the Family Destination of the Year due to the abundance of family friendly activities and amenities the Islands of Marathon have to offer you and your family. Sherman’s Travel named the Florida Keys in the Top 10 destinations for the Leaders of the Western World.

Attractions: Marathon is a family oriented destination with many attractions for the entire family to enjoy such as the Dolphin Research Center, Pigeon Key Island, The Turtle Hospital, Crane Point Hammock and Beautiful Sombrero Beach.

On the Atlantic Ocean or Florida Straits side of the Florida Keys is a string of barrier reefs four to six miles off-shore with the axis of the Gulf stream two to four miles beyond, flowing northward. This band of turquoise and blue water contains some of the finest sport fishing in the world. Snorkeling and scuba diving are very popular, especially at John Pennekamp and Looe Key State Underwater Parks. There are also exciting water sports to try like kite-boarding, paddle-boarding, snorkeling, deep sea or reef fishing trips, boating, jet skis, or maybe finding your very own private, secluded island or stretch of beach to relax and kick-back!

The Florida Keys, each month, host a myriad of activities including: numerous fishing tournaments of all scales, annual art festivals with artists that attend from around the country, Marathon’s annual seafood festi- val every year in March, Key West’s Fantasy Fest which is held every year in October, award winning play- houses, and monthly concert venues by the the Florida Keys orchestra and world renowned guest stars.

Development: The Marathon area is comprised of primarily residential properties, with many commercial properties scattered along US #1, and a few Marinas along the shore line. The neighborhood is primarily suburban and approximately 75% built-up. Marathon is the primary shopping area for the most of the Middle Keys. Within Marathon there are also major grocery, banking and retail outlets, such as K-Mart, Winn Dixie, Publix and Home Depot, which service the middle Florida Keys area.

Several motels and hotels are located in this region, as well as numerous marinas and marine related commercial ventures. The economy is primarily supported by the tourism industry from these natural features. Current commercial tourism development includes a new Hyatt and new Marriott Hotel Properties and a new recently completed 199 unit resort on Knights Key known as Isla Bella. Proposed tourism developments include the addition of 27 units to the newer Holiday Inn and redevelopment of the Sombrero Country Club to included transient and/or vacation rental facilities.

Airport: Marathon also hosts the largest airport in the Florida Keys with a runway of 5008’ x 100’ of grooved asphalt. The airport services private aircraft only with no commercial flights handled. The facilities offer full service to private planes including: fuel, cleaning, maintenance, tie down & storage, and car rental. Full de- tailed airport information can be reviewed at: http://www.ci.marathon.fl.us/index.aspx?NID=31. Transaction Guidelines

Property: 12555 Overseas Hwy Marathon, FL 33050

Showings: Berkshire Hathaway - Keys Real Estate will facilitate the requests for additional information, schedule property showings and present all purchase offers to the property owners. It is respectfully requested that you do not contact the owner or enter the property. For all requests and viewing scheduling please direct your Real Estate representative to contact Jody Owen at 305-923-1902 & [email protected] or Lynn Lucas at 305-393-0559 & [email protected].

Terms: The Business is offered “As Is” with going concern and all Furniture, Fixtures and Equipment included. Offering Procedure: Offers should specify the following: A) Price; B) Terms; C) Length of Due Diligence Period; D) Length of Closing Period; E) Financial Strength and Experience of Prospective Purchaser. Address offers to: 12555 Overseas Partners LLC c/o Jody Owen & Lynn Lucas Berkshire Hathaway - Keys Real Estate 9141 Overseas Hwy Marathon, Florida 33050 Phone: (305) 923-1902 or 305-393-0559 Email: [email protected] or [email protected]