1 S Kyle Way, Marathon, FL 33050
$9,650,000
Property Type:
Commercial Sale
Bedrooms:
45
Baths:
45
Square Footage:
40,872
Lot Size (sq. ft.):
50,850
Status:
Closed
Current Price:
$9,650,000
List Date:
2/01/2024
Last Modified:
10/31/2025
Description
This is a once in a lifetime opportunity in Marathon and in the entire Florida Keys. 28 units with spectacular Atlantic Ocean views at the south of Marathon next to the brand new Isla Bella Resort. This property which was previously a timeshare that is being dissolved has amazing possibilities to a boutique exclusive resort to a developer's dream conversion for a sell out of the units. There is nothing like this in the Keys that has been available in the last 20 years. The property sustained hurricane damage and is ready for it's next chapter for the right Buyer. This will absolutely not last.
More Information MLS# 605849
Contract Information
Listing Board: Key West Association
Limited Representation: No
Potential Short Sale: No
Bank Owned: No
Current Price: $9,650,000
Listing Date: 2023-06-30
Sold Price: $9,650,000
Location, Tax & Legal
City: MARATHON
Off Shore Island: No
Mile Marker: 47
Marathon Neighborhood: Knights Key
Side: Ocean
Flood Zone: AE,VE
Alternate Key #: 9104933
Parcel #: 00319600-001000
Zoning: RH - Residential High
Legal: BK 1 LOTS 9 & 10 KNIGHTS KEY VILLAGE PB5-84 KNIGHTS KEY OR3156-940
Taxes: 66110.19
Tax Year: 2022
Street #: 1
Direction: S
Street Name: Kyle
Street Suffix: Way
Key/Island: Marathon
State/Province: FL
Zip Code: 33050
Subdivision: Knights Key Village (47.0)
County: Monroe
Area: 13 - 7 Mile Bridge to Sombrero Bch Rd E & W
General Property Description
Realtor.COM Type: Commercial
Waterfront: Yes
Control Depth: 5
Lot Size: N/A
Lot SqFt: 50850
Total Units: 0
Building SqFt: 40872
Style: Commercial
Living Apx SqFt: 40872
Year Built: 1979
Total Bedrooms: 45
Full Baths: 45
Total Baths: 45
Remarks & Misc
Remarks – Consumer: This is a once in a lifetime opportunity in Marathon and in the entire Florida Keys. 28 units with spectacular Atlantic Ocean views at the south of Marathon next to the brand new Isla Bella Resort. This property which was previously a timeshare that is being dissolved has amazing possibilities to a boutique exclusive resort to a developer's dream conversion for a sell out of the units. There is nothing like this in the Keys that has been available in the last 20 years. The property sustained hurricane damage and is ready for it's next chapter for the right Buyer. This will absolutely not last.
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Type
Apartment 3 or more: 1
Fee Includes
None: 1
Dockage
Seawall: Concrete
Appliances
No Appliances: 1
Property Info
License Included: 1
Waterfront
Gulf Front: 1
Waterview
Bay/Gulf View: 1
Open Water View: 1
Vehicle Storage
Common Parking: 1
Construction
Concrete: 1
Land Size
More than 1 Lot: 1
Utilities
FKAA: 1
Municipal Sewer: 1
Property Rights
Transfer Bldg Rights: 1
Transient License: 1
Miscellaneous
High Visibility: 1
Open Water View: 1
Pool: 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Sold Date: 2025-10-31
Sold Price: $9,650,000
Status: Closed
Property Features
Property Info: License Included
Type: Apartment 3 or more
Waterfront: Gulf Front
Waterview: Bay/Gulf View; Open Water View
Vehicle Storage: Common Parking
Utilities: FKAA; Municipal Sewer
Appliances: No Appliances
Miscellaneous: High Visibility; Open Water View; Pool
Construction: Concrete
Land Size: More than 1 Lot
Fee Includes: None
Property Rights: Transfer Bldg Rights; Transient License
Listing Office:
Berkshire Hathaway HomeServices Knight & Gardner Realty
Last Updated: October - 31 - 2025
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.