246 & 248 Pescayo Avenue, Marathon, FL 33050
$2,950,000
Property Type:
Vacant Land
Lot Size (sq. ft.):
21,798
Status:
Active
Current Price:
$2,950,000
List Date:
5/10/2025
Last Modified:
11/17/2025
Description
Ready to Build Your Dream Florida Keys Estate? This rare opportunity includes two large adjacent, cleared parcels, totaling 21,798 sq ft, in the heart of Marathon, already vested with a City of Marathon Market Rate Transferable Building Right, (TBR) — meaning no wait, no red tape - start building immediately! Positioned on a deepwater canal with 7.9' controlling depth, this location is ideal for large vessels and offers quick access to the open Atlantic, while providing protected dockage in a serene setting. Enjoy views toward the ocean from this extraordinary site. Dock permits are pending, and the sale includes a full set of architectural plans for a luxury residence complete with a private pool and pickleball court—all crafted by a respected local engineering firm and ready for permitting submission. Renderings of the completed home bring the vision to life and are featured in the listing gallery. No guessing, no waiting—just groundbreaking luxury. Watch the video Create your personal Keys retreat today.
More Information MLS# 614973
Contract Information
Listing Board: Marathon/Lower Keys
ROGO Exempt: Yes
Limited Representation: No
Potential Short Sale: No
Bank Owned: No
Species List: No
Current Price: $2,950,000
Listing Date: 2025-05-09
List Price: $2,950,000
Location, Tax & Legal
City: MARATHON
Off Shore Island: No
Mile Marker: 54.5
Marathon Neighborhood: Coco Plum
Side: Ocean
Flood Zone: AE,AE
Alternate Key #: 9105117
Add'l Parcel #1: 00363511-000400
Parcel #: 00363511-000500
Zoning: RH - Residential High
Deed Restrictions: Unknown
Legal: LOT 5 BONEFISH HARBOR PB7-98 (REPLAT OF LOT 1 BLOCK 6 COCO PLUM BEACH PB4-166) FAT DEER KEY and LOT 4 BONEFISH HARBOR
Taxes: 4670.05
Tax Year: 2024
Street #: 246 & 248
Street Name: Pescayo
Street Suffix: Avenue
Key/Island: Marathon
State/Province: FL
Zip Code: 33050
County: Monroe
Subdivision: Coco Plum Beach (54.5)
Area: 18 - East of Holiday Inn US #1 & Coco Plum
General Property Description
Realtor.COM Type: Vacant Land
Waterfront: Yes
Control Depth: 7
Lot SqFt: 21798
Lot Sqft Source: Property Data Card
Total Lots: 2
Survey Available: Yes
Remarks & Misc
Remarks – Consumer: Ready to Build Your Dream Florida Keys Estate? This rare opportunity includes two large adjacent, cleared parcels, totaling 21,798 sq ft, in the heart of Marathon, already vested with a City of Marathon Market Rate Transferable Building Right, (TBR) — meaning no wait, no red tape - start building immediately! Positioned on a deepwater canal with 7.9' controlling depth, this location is ideal for large vessels and offers quick access to the open Atlantic, while providing protected dockage in a serene setting. Enjoy views toward the ocean from this extraordinary site. Dock permits are pending, and the sale includes a full set of architectural plans for a luxury residence complete with a private pool and pickleball court—all crafted by a respected local engineering firm and ready for permitting submission. Renderings of the completed home bring the vision to life and are featured in the listing gallery. No guessing, no waiting—just groundbreaking luxury. Watch the video Create your personal Keys retreat today.
Directions: US 1 to Coco Plum Drive. South on Coco Plum Drive to Pescayo Avenue, Right (west) on Pescayo Avenue to the end. Sign on Property.
Assoc/Misc Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Miscellaneous Info
Mobile Home Lot: No
Dockage
Dock Permit: Yes
Tax Exemptions
None: 1
Waterfront
Canal Front: 1
Waterview
Harbor/Marina View: 1
Ocean View: 1
Neighborhood Feature
Beach: 1
Location/Site
Cleared Site: 1
Cul-de-Sac: 1
Mangrove: 1
Paved Street: 1
Water Frontage: 1
BuildingPermit
No Permit: 1
Land Size
1/4 - 1/2 Acre: 1
Property Rights
Transfer Bldg Rights: 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Status: Active
Property Features
Tax Exemptions: None
Waterfront: Canal Front
Waterview: Harbor/Marina View; Ocean View
Neighborhood Feature: Beach
BuildingPermit: No Permit
Land Size: 1/4 - 1/2 Acre
Property Rights: Transfer Bldg Rights
Documents
246 Pescayo Survey ›
Listing Office:
Coldwell Banker Schmitt Real Estate Co.
Last Updated: November - 17 - 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.