12685 Overseas Highway, Marathon, FL 33050
$8,750,000
Property Type:
Commercial Sale
Lot Size (sq. ft.):
104,485
Status:
Active
Current Price:
$8,750,000
List Date:
2/28/2026
Last Modified:
2/28/2026
Listing Details MLS# 618856
Location, Tax & Legal
- Street #
- 12685
- Street Name
- Overseas
- Street Suffix
- Highway
- Key/Island
- Marathon
- State/Province
- FL
- Zip Code
- 33050
- Subdivision
- Driftwood Estates (54.0)
- County
- Monroe
- Area
- 18 - East of Holiday Inn US #1 & Coco Plum
- City
- MARATHON
- Off Shore Island
- No
- Mile Marker
- 54
- Marathon Neighborhood
- Coco Plum
- Side
- Ocean
- Flood Zone
- AE
- Alternate Key #
- 1444731
- Parcel #
- 00362650000000
- Zoning
- MU - Mixed Use Commercial Mixed Use
- Legal
- Lot 1 & Adj Bay Btm & Pt Lot 1 (1.15Ac) Driftwood Estates Pb2-132 Fat Deer Key Or82-148(Ii Deed 21418) Or460-462/463 Or8
- Taxes
- 19477
- Tax Year
- 2025
Contract Information
- Listing Board
- Marathon/Lower Keys
- Limited Representation
- No
- As is Rght to Inspct
- Yes
- Potential Short Sale
- No
- Bank Owned
- No
- Species List
- Yes
General Property Description
- Realtor.COM Type
- Commercial
- Style
- Commercial
- Lot SqFt
- 104485
- Waterfront
- Yes
- Control Depth
- 5
- Off Street Parking
- Yes
- # Stories
- Yes
- Total # Buildings
- 4
- Building SqFt
- 5735
- SqFt Source
- Property Data Card
- Total Units
- 13
- Year Built
- 1957
License Info
- # of Transient Licns
- 13
Association Info
- Mandatory Home Owners Asc
- No
- 1st Right of Refusal
- No
More Information
Misc Property Info
- Recorded Plat
- Yes
- Unrecorded Plat
- No
Financial Status
- Bank Owned
- No
- Potential Short Sale
- No
Remarks & Misc
- Remarks – Consumer
- Waterfront motel and marina property in Marathon offered with thirteen transferable transient building rights, highway frontage, and redevelopment potential. Sea Cove is located on Overseas Highway with approximately 200 feet of US-1 frontage, more than two acres of buildable uplands, and additional bay bottom ownership. The property has a long history of marina and lodging use and includes an existing boat ramp with direct boating access. The site has historically supported motel operations, marina services, and small retail activity. The offering includes the real estate together with thirteen transferable transient building rights that allow nightly rental use within the City of Marathon, subject to zoning and City approval if relocated. Previous planning and engineering work studied redevelopment of the site as a marina focused project. Concept plans illustrate a dry boat storage structure of approximately 33,000 square feet accommodating roughly 150 dry racks together with approximately 30 wet slips. Prior discussions have also included extended dockage approaching 550 feet and potential marina services including fueling facilities, subject to required approvals. The site includes significant waterfront area together with bay bottom ownership that has historically supported dockage and marina activity. Showings by appointment only. Please do not visit the property or speak with employees without listing agent present.
- Directions
- US-1 to Mile Marker 54 in Marathon. Property is on the ocean side of Overseas Highway near Coco Plum. Look for Sea Cove Marina. Do not enter property without appointment.
Deed Restrictions
- No
- Yes
Type
- Boat Sales/Service
- Yes
- Hotel/Motel
- Yes
- Marina
- Yes
- Retail
- Yes
- Other Services
- Yes
Fee Includes
- None
- Yes
Dockage
- Basin
- Yes
- Boat Ramp
- Yes
- Boat Slip
- Yes
Appliances
- No Appliances
- Yes
Waterfront
- Open Water
- Yes
Waterview
- Harbor/Marina View
- Yes
- Open Water View
- Yes
Vehicle Storage
- Guest Parking
- Yes
- Common Parking
- Yes
- Off Street Parking
- Yes
- Trailer Storage
- Yes
Construction
- CBS
- Yes
Land Size
- 2 Less Than 5 Acres
- Yes
Terms
- Buyer Obtain Finance
- Yes
- Private Financing
- Yes
- Seller Finance Psble
- Yes
- Other Financing
- Yes
Utilities
- Buyer to Verify
- Yes
- FKAA
- Yes
- Municipal Sewer
- Yes
Title
- Negotiable
- Yes
Property Rights
- Multi-Use/Commercial
- Yes
- Transient License
- Yes
Miscellaneous
- High Traffc Location
- Yes
- High Visibility
- Yes
- Highway Frontage
- Yes
- Open Water View
- Yes
- Utility Building
- Yes
Property Features
Deed Restrictions:
No
Type:
Boat Sales/Service; Hotel/Motel; Marina; Retail; Other Services
Waterfront:
Open Water
Waterview:
Harbor/Marina View; Open Water View
Dockage:
Basin; Boat Ramp; Boat Slip
Vehicle Storage:
Common Parking; Guest Parking; Off Street Parking; Trailer Storage
Utilities:
Buyer to Verify; FKAA; Municipal Sewer
Appliances:
No Appliances
Miscellaneous:
High Traffc Location; High Visibility; Highway Frontage; Open Water View; Utility Building
Construction:
CBS
Land Size:
2 Less Than 5 Acres
Fee Includes:
None
Terms:
Buyer Obtain Finance; Private Financing; Seller Finance Psble; Other Financing
Title:
Negotiable
Property Rights:
Multi-Use/Commercial; Transient License
Listing Office:
Keys Ocean Realty Inc.
Last Updated: February - 28 - 2026
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.