8700 Overseas Highway, Marathon, FL 33050
$6,900,000
Property Type:
Commercial
Lot Size (sq. ft.):
72,904
Status:
Active
Current Price:
$6,900,000
List Date:
2/17/2025
Last Modified:
4/04/2025
Description
Seller is calling for offers...Attention Developers!!!....Direct oceanfront development opportunity located in the Economic Opportunity Zone in the Middle Keys. 1.67 acres with concrete seawall in place for (5) 30' dock spaces and (5) 30'-40' T-Docks are in permitting. Development agreement in place with the City of Marathon for (10) single family villas with (10) building entitlements in hand to start building today. Villas are concrete construction, four bedroom, there and a half bathrooms, 2,643 sf under air, impact windows/doors, metal roofs, open porches, roof top deck, elevator, private pools and assigned docks. This property features a protected boat basin with six lots and four oceanfront point lots with direct open ocean views and access. This rare, oceanfront parcel would make a fabulous private multi-family compound or build (10) vacation rental income producing villas and take advantage of the tax benefits from the EOZ.
More Information MLS# 613755
Contract Information
Listing Board: Marathon/Lower Keys
Limited Representation: No
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
For Sale/Lease: For Sale
Species List: No
Current Price: $6,900,000
Listing Date: 2025-02-17
List Price: $6,900,000
Location, Tax & Legal
City: MARATHON
Off Shore Island: No
Mile Marker: 52
Marathon Neighborhood: Marathon East - Ocean (Airport to Vaca)
Side: Ocean
Alternate Key #: 8868847
Parcel #: 00101050-000100
Zoning: MU - Mixed Use Commercial Mixed Use
Legal: 1 66 32 KEY VACCAS PT LOT 4 OR1360-1125/26 OR136
Taxes: 10957.26
Tax Year: 2024
Street #: 8700
Street Name: Overseas
Street Suffix: Highway
Key/Island: Marathon
State/Province: FL
Zip Code: 33050
Subdivision: Misc Marathon East O (52.0)
County: Monroe
Area: 16 - Sombrero Bch Rd to Vaca Cut - Oceanside
General Property Description
Realtor.COM Type: Commercial
Waterfront: Yes
Control Depth: 4
Lot Size: 1.67
Lot SqFt: 72904
Building SqFt: 0
Style: Commercial
Remarks & Misc
Remarks – Consumer: Seller is calling for offers...Attention Developers!!!....Direct oceanfront development opportunity located in the Economic Opportunity Zone in the Middle Keys. 1.67 acres with concrete seawall in place for (5) 30' dock spaces and (5) 30'-40' T-Docks are in permitting. Development agreement in place with the City of Marathon for (10) single family villas with (10) building entitlements in hand to start building today. Villas are concrete construction, four bedroom, there and a half bathrooms, 2,643 sf under air, impact windows/doors, metal roofs, open porches, roof top deck, elevator, private pools and assigned docks. This property features a protected boat basin with six lots and four oceanfront point lots with direct open ocean views and access. This rare, oceanfront parcel would make a fabulous private multi-family compound or build (10) vacation rental income producing villas and take advantage of the tax benefits from the EOZ.
Directions: US #1 to 87th or 88th Street to the end.
Deed Restrictions
No: 1
Association Info
Mandatory Home Owners Asc: Yes
1st Right of Refusal: No
Type
Other Services: 1
Fee Includes
None: 1
Misc Property Info
Recorded Plat: Yes
Dockage
Dock: Concrete
Assigned Dock: 1
Dock Privileges: 1
Seawall: Concrete
Appliances
Dishwasher: 1
Cooling
Central Air: 1
Heating
Central: 1
Electric: 1
Waterfront
Canal Front: 1
Oceanfront: 1
Waterview
Canal View: 1
Ocean View: 1
Open Water View: 1
Floor
Tile: 1
Windows/Doors
Impact Rstnce Doors: 1
Impact Rstnce Window: 1
Vehicle Storage
Covered Parking: 1
Construction
CBS: 1
Concrete: 1
Other: 1
Land Size
1 Less Than 2 Acres: 1
Utilities
FKAA: 1
Municipal Sewer: 1
Separate Meters: 1
Property Rights
Tranfrble Dev Right: 1
Roof
Metal Roof: 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Status: Active
Property Features
Deed Restrictions: No
Type: Other Services
Waterfront: Canal Front; Oceanfront
Waterview: Canal View; Ocean View; Open Water View
Dockage: Assigned Dock; Dock Privileges
Vehicle Storage: Covered Parking
Cooling: Central Air
Heating: Central; Electric
Utilities: FKAA; Municipal Sewer; Separate Meters
Appliances: Dishwasher
Construction: CBS; Concrete; Other
Floor: Tile
Roof: Metal Roof
Land Size: 1 Less Than 2 Acres
Fee Includes: None
Property Rights: Tranfrble Dev Right
Documents
Site Plan Seaward Pointe ›
Listing Office:
Ocean Sotheby's International
Last Updated: April - 04 - 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.