6440 MALONEY AVE
STOCK ISLAND, FL 33040

$8,950,000

0 Beds

0 Baths

2,594 Sq Ft

Status Active

MLS# 608596

Opportunity to develop 27 transient single family units. Situated on 1.92 acres with two parcels at the corner of 4th Ave. & Maloney Ave, on Stock Island, just over the bridge from Key West, this property boasts 575' of frontage on 4th Ave and is site plan approved for 27 single-family homes totaling 38,880 sq. ft. Plans envision a gated community licensed for daily vacation rentals, with the combined parcels comprising 83,750 sq. ft. This project on Stock Island has site permits approved. Positioned just 400 ft from the waterfront, this opportunity includes a commercial building perfect for a convenience store, restaurant, or office space. Don't miss out on capitalizing on Key West's thriving vacation rental market!

Details for 6440 MALONEY AVE

$3,450 / Sq Ft

0 parking spaces

115 Days on website

Interior

Appliances

No Appliances

Living Area

2,594 SqFt.

HOA Features

Association Fee Includes

None

Building And Construction

Number Of Units Total

Property Sub Type

Multi Family

Property Type

Residential Income

Side

Median

Type Of Listing

Exclusive R

Year Built

1974

Exterior And Lot

Flood Zone

AE, AE

Land Size

1 Less Than 2 Acres

Vehicle Storage

Common Parking, Off Street Parking, Guest Parking

Waterfront Features

["None"]

Waterview

No Waterview

Area And Schools

City

Stock Island

County Or Parish

Monroe

Subdivision Name

Maloney Sub (5.0)

Financial Info

Bank Owned

Buyer Agency Compensation^*

2.5%

^*The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Financial Status: Bank Owned

Financial Status: Potential Short Sale

Potential Short Sale

Tax Annual Amount

$14,485.54

Tax Year

2023

Additional Info

Miscellaneous

High Traffc Location, High Visibility