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243 61st Street, Marathon, FL 33050

New Listing
$5,900,000
Property Type: Commercial Sale Bedrooms: 13 Baths: 13 Square Footage: 4,557 Lot Size (sq. ft.): 24,384 Status: Active
Current Price: $5,900,000 List Date: 8/29/2026 Last Modified: 8/29/2026

Overview

Description

A rare and unique income producing Hotel in Marathon. Tropical Cottages is a boutique & profitable Mom and Pop Motel. Total of 11 valuable Transient Licenses, 13 Rooms plus office with kitchen & check in room. 9 buildings on the property, 8 adorable free standing cottages with new Victorian shingle roofs & the main building with 3 rooms in good condition. Each room has been tastefully and tropically renovated inside and out. Each room is unique & comes fully furnished. Most of the units have small kitchenettes including sink with microwave and refrigerator. All units have refrigerator & microwave. Additionally, there is a large Tiki Hut & Bar along with Food Truck with seating area. The Food Truck and Tiki Bar are leased for $6,375 per mos on a short term agreement. The Motel is managed by Owners . The hotel runs on auto-pilot. Online check-in available with a good housekeeping staff as back up. Most of the business is from repeat customers, plus online booking sites ar ...

Listing Details MLS# 621147

Location, Tax & Legal

Street #
243
Street Name
61st
Street Suffix
Street
Key/Island
Marathon
State/Province
FL
Zip Code
33050
Subdivision
Marathon Heights (50.5)
County
Monroe
Area
15 - Sombrero Bch Rd to Vaca Cut Gulfside

Contract Information

Listing Board
Key West Association
Limited Representation
No
As is Rght to Inspct
Yes
Potential Short Sale
No
Bank Owned
No
Species List
No

General Property Description

Realtor.COM Type
Commercial
Style
Commercial
Lot SqFt
24384
Waterfront
No
Business Name
Tropical Cottages
Year Established
1975-12-31
# Parking Spaces
ample
Off Street Parking
yes
# Stories
Yes
Total # Buildings
9
Building SqFt
4461
SqFt Source
Property Data Card
Living Apx SqFt
4557
Total Units
11
Year Built
1954
Total Bedrooms
13
Full Baths
13
Total Baths
13

License Info

# of City License
12
# of County License
12
# of Transient Licns
11

Association Info

Mandatory Home Owners Asc
No
1st Right of Refusal
No

More Information

Misc Property Info

Recorded Plat
Yes

Property Info

# Kitchens
2
1 Bed/Bath
13

Auction Info

Auction
No

Financial Status

Bank Owned
No
Potential Short Sale
No

Property Features

License Info: 2-Cop (Beer & Wine) Property Info: License Included Type: Hotel/Motel; Restaurant Waterfront: None Waterview: No Waterview Dockage: Dock Privileges; None Vehicle Storage: Common Parking; Guest Parking; Off Street Parking Cooling: Central Air Utilities: FKAA; Municipal Sewer Interior Features: Drapes/Blinds Incl; Furnished; Laundry Room; Window Treatments Appliances: Dryer; Refrigerator; Washer Miscellaneous: Chickee Hut; Fencing; Manager on Premises; Storage Construction: CBS; Combo Construction; Frame; Manufactured Electric: Other Electric Floor: Other Roof: Metal Roof; Other Roof Land Size: 1/2 - Less Than 1 AC Fee Includes: None Terms: Buyer Obtain Finance; Seller Finance Psble Title: Negotiable Tenant Paid: Tnt Pays No Utils Property Rights: Transient License
Listing Office: RE/MAX Keys Connection (KW)
Last Updated: August - 29 - 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.
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