Marathon, FL 33050
$4,900,000
Property Type:
Commercial Sale
Bedrooms:
4
Baths:
4
Lot Size (sq. ft.):
160,800
Status:
Active
Current Price:
$4,900,000
List Date:
5/21/2025
Last Modified:
11/21/2025
Description
Unlock the full potential of the Florida Keys commercial market with this offering of a rare combined set of parcels including Lot 2 & Lot 3 on Overseas Highway, and an additional parcel of ~3.0 acres of submerged bay bottom located in the heart of Marathon. These adjacent parcels and bay bottom present a unique opportunity for developers, investors, or end-users seeking high-traffic frontage, open-water access, and bay bottom rights.
Property is zone Mixed Use Commercial (MU-C). Currently has two concrete dwellings on-site with 3 building rights, deep water access, and dockage. Direct open water with panoramic views and potential for dock development, boating, or a water sport business.
Ideal for possible hotel/motel, retail, restaurant, marina, or mixed-use commercial ventures (subject to city approval). High visibility corridor daily on US-1/Overseas Highway. Benefit from strong foot traffic and year-round visitors. Ownership of the bay bottom opens unique possibilities for water-related commercial activity. Rare opportunity to acquire two contiguous parcels with waterfront, bay bottom rights, four dwelling rights and highway presence. Whether you're envisioning a boutique resort, a landmark restaurant on the water, or a marine-focused business, this combined site offers everything you need - land, location, and lifestyle.
More Information MLS# 615112
Contract Information
Listing Board: Marathon/Lower Keys
Limited Representation: No
Potential Short Sale: No
Bank Owned: No
Current Price: $4,900,000
Listing Date: 2025-05-21
List Price: $4,900,000
Location, Tax & Legal
City: MARATHON
Mile Marker: 54
Marathon Neighborhood: Coco Plum
Side: Ocean
Flood Zone: AE, AE
Alternate Key #: 1444758
Add'l Parcel #1: 00100230-000000
Parcel #: 00362670-000000
Add'l Parcel #2: 00362660-000000
Zoning: MU - Mixed Use Commercial Mixed Use
Legal: LOT 3 DRIFTWOOD ESTATES PB2-132 FAT DEER KEY OR527-841 OR886-957 OR1068-1148 OR1159-280 OR1159-1004 OR1273-115 OR1599-1
Taxes: 22827.23
Tax Year: 2024
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
General Property Description
Realtor.COM Type: Commercial
Waterfront: Yes
Control Depth: 6
Lot Size: 670 x 240
Lot SqFt: 160800
SqFt Source: Property Data Card
Total # Buildings: 3
Building SqFt: 0
Style: Commercial
Year Built: 1950
Total Bedrooms: 4
Full Baths: 4
Total Baths: 4
Remarks & Misc
Remarks – Consumer: Unlock the full potential of the Florida Keys commercial market with this offering of a rare combined set of parcels including Lot 2 & Lot 3 on Overseas Highway, and an additional parcel of ~3.0 acres of submerged bay bottom located in the heart of Marathon. These adjacent parcels and bay bottom present a unique opportunity for developers, investors, or end-users seeking high-traffic frontage, open-water access, and bay bottom rights.
Property is zone Mixed Use Commercial (MU-C). Currently has two concrete dwellings on-site with 3 building rights, deep water access, and dockage. Direct open water with panoramic views and potential for dock development, boating, or a water sport business.
Ideal for possible hotel/motel, retail, restaurant, marina, or mixed-use commercial ventures (subject to city approval). High visibility corridor daily on US-1/Overseas Highway. Benefit from strong foot traffic and year-round visitors. Ownership of the bay bottom opens unique possibilities for water-related commercial activity. Rare opportunity to acquire two contiguous parcels with waterfront, bay bottom rights, four dwelling rights and highway presence. Whether you're envisioning a boutique resort, a landmark restaurant on the water, or a marine-focused business, this combined site offers everything you need - land, location, and lifestyle.
Directions: Please use entrance off of Overseas Highway, 13755 with permission from the agent and seller.
Deed Restrictions
Unknown: 1
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
License Info
# of City License: 4
Type
Boat Care: 1
Boat Sales/Service: 1
Marina: 1
Other Comrcl Style: 1
Fee Includes
None: 1
Dockage
Dock Length: 150
Dock: Wood
Dock Permit: Yes
Accounts & Meters
# Water Meters: 1
# Electric Meters: 1
Appliances
Range: 1
Refrigerator: 1
Property Info
# Kitchens: 4
# Efficiencies: 2
Cooling
Ceiling Fans(s): 1
Wall/Window Unit(s): 1
Waterfront
Oceanfront: 1
Open Water: 1
Waterview
Harbor/Marina View: 1
Ocean View: 1
Open Water View: 1
Windows/Doors
Other Windows/Doors: 1
Vehicle Storage
Guest Parking: 1
Common Parking: 1
Trailer Storage: 1
Construction
Concrete: 1
Land Size
2 Less Than 5 Acres: 1
Utilities
Buyer to Verify: 1
FKAA: 1
Municipal Sewer: 1
Separate Meters: 1
Sewer Available: 1
Title
Negotiable: 1
Property Rights
Multi-Use/Commercial: 1
Transfer Bldg Rights: 1
Miscellaneous
Fencing: 1
High Traffc Location: 1
High Visibility: 1
Highway Frontage: 1
Residence on Premise: 1
Roof
Combo Roof: 1
Concrete Roof: 1
Other Roof: 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Status: Active
Property Features
Deed Restrictions: Unknown
Type: Boat Care; Boat Sales/Service; Marina; Other Comrcl Style
Waterfront: Oceanfront; Open Water
Waterview: Harbor/Marina View; Ocean View; Open Water View
Vehicle Storage: Common Parking; Guest Parking; Trailer Storage
Cooling: Ceiling Fans(s); Wall/Window Unit(s)
Utilities: Buyer to Verify; FKAA; Municipal Sewer; Separate Meters; Sewer Available
Appliances: Range; Refrigerator
Miscellaneous: Fencing; High Traffc Location; High Visibility; Highway Frontage; Residence on Premise
Construction: Concrete
Roof: Combo Roof; Concrete Roof; Other Roof
Land Size: 2 Less Than 5 Acres
Fee Includes: None
Title: Negotiable
Property Rights: Multi-Use/Commercial; Transfer Bldg Rights
Listing Office:
Engel & Völkers Marathon
Last Updated: November - 21 - 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.
