990 41st St - Oasis By The Bay 2.07 Acres of Residential Land Offered at $26,981,416 CAD in Marathon, FL 33050

Oasis By the Bay residential project consists of 14 homesites with an approved dock with 14 boat slips. The homes and lots are situated on a private cul-de-sac road, making this an enclave to paradise. 10 homes home sites are on the bay. The property has a total of 15 TBRs - 14 TBRs are allocated, the extra TBR is valuable and can be sold or transferred. Includes newly finished 14-slip dock with water and electricity to each slip. The project includes 2 acres of submerged land which is an important asset to the project, the submerged land avoids having to negotiate and maintain a long-term lease with the State for use of the submerged land for the dock.
Project has all utilities (Public water, Public sewer and electric) now installed along with on-site drainage. Units 9 and 10 Have just been completed September of 2025 and have Certificate of Occupancy.
The revenue expectation is as follows:

Completed Gulf front units 9 & 10 - $3,500,000 each Total revenue = $ 7,000,000
Remaining 8 Gulf front parcels w/docks $1,975,000 each Total revenue = $15,800,000
4 parcels in back $850,000 each Total revenue = $ 3,400,000
Total Project = $26,200,000

We are prepared to sell the entire project with all plans, permits, etc. for the project at a 25% discount on the expected revenue shown above, asking price of $19,650,000 this will allow your client to capture $6,550,000 on the existing land and buildings while retaining 100% of the profit potential on the construction of the remaining 12 homes.
Excellent investment opportunity for weekly rental community in highly sought after area. The City allows short term rentals.