Very unique property in the old Keys Style. 5 Building Rights on this 18,000 sq ft Oceanfront parcel on Grassy Key, with Bay Bottom and a boat ramp (shared with adjoining parcel) City of Marathon has approved a Letter of Determination for five (5) building rights (TBR's) upon the property. Property currently contains a Triplex with a 2/2 apt and two 1 bed/1 bath apt; a small studio with 1 bath, and a mobile home with 2 beds/1.5 baths. Seller is in the process of pulling permits to repair Triplex. Current zoning and density should allow for two units to be built on the property. A buyer might choose to demolish the triplex and leave mobile home and studio unit in place...and keep the remaining three (3) TBRs.