1622 Overseas Highway, Marathon, FL 33050 (MLS# 598912)

1622 Overseas Highway, Marathon, FL 33050

$6,450,000

Property Type: Commercial Sale Square Footage: 3,400 Lot Size (sq. ft.): 207,057 Status: Closed

Current Price: $6,450,000 List Date: 12/22/2021 Last Modified: 8/31/2026

Overview

Description

Incredible Waterfront Development opportunity Bayside in Marathon. 3.65 Acres of Bayside Uplands plus 1.1 Acre of environmentally sensitive land. Private boat basin with 10 or more boat docks able to accommodate up to 36' Vessels. Recent City of Marathon approval for 8 Waterfront units, 6 market rate and 2 Transient Dwelling units. See uploaded docs. Current plans available call for a Gated community with eight 3,500 sf. Waterfront Estate Homes each 2 story, 4bd/4.5 bath with separate 2bd/2.5ba Guesthouse. Each home will have private pools, parking, massive decks and porches. Compound would include tennis courts and a shared conference room. In addition, approval for 3,400 sf. of Commercial Transferrable Building Rights (TBR's) which will be separate from the residential development with a wall and heavy tropical landscaping. Owner may consider Seller financing to qualified buyer.

Listing Details MLS# 598912

Location, Tax & Legal

Street #: 1622
Street Name: Overseas
Street Suffix: Highway
Key/Island: Marathon
State/Province: FL
Zip Code: 33050
Subdivision: Harbor Isle (48.5)
County: Monroe
Area: 13 - 7 Mile Bridge to Sombrero Bch Rd E & W

Contract Information

Listing Board: Key West Association
Limited Representation: No
For Sale/Lease: For Sale
Potential Short Sale: No
Bank Owned: No

General Property Description

Realtor.COM Type: Commercial
Style: Commercial
Lot SqFt: 207057
Waterfront: Yes
Control Depth: 3
# Parking Spaces: ample
Off Street Parking: yes
Building SqFt: 3400
SqFt Source: Seller
Living Apx SqFt: 3400
Total Units: 8
Year Built: 1938

Status Change Info

Under Contract Date: 2023-09-05
Leased Date: 2023-10-11

Association Info

Mandatory Home Owners Asc: No
1st Right of Refusal: No

Dockage

Dock: Wood

More Information

Financial Status

Bank Owned: No
Potential Short Sale: No

Property Features

Type: Other Comrcl Style; Other Services Waterfront: Bay Front Waterview: Bay/Gulf View Utilities: FKAA; Municipal Sewer Construction: Combo Construction Land Size: 2 Less Than 5 Acres Fee Includes: Other

Documents

1622 MLS-NDA-CA ›

Listing Office: RE/MAX Keys Connection (KW)

Last Updated: August - 31 - 2026

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