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Marathon, FL 33050

$1,800,000
Property Type: Residential Bedrooms: 4 Baths: 4 Square Footage: 3,017 Lot Size (sq. ft.): 80,400 Status: Active
Current Price: $1,800,000 List Date: 5/21/2025 Last Modified: 11/17/2025

Description

Position yourself at the gateway to one of the most sought after markets in the Keys. This prime multi-family complex offers not just immediate income potential, but long term upside with redevelopment or expansion. Property is in a high demand location with direct access to US-1/Overseas Highway. The property features two sturdy concrete block structures. The first building contains a three-bedroom, two-bathroom residence. The second building is designed as a duplex with two efficiency studio units, each with its own bathroom. This property has three residential property rights. Whether your vision is a multifamily expansion, a mixed use waterfront property, or a strategic land banking, this is a rare chance to own a contiguous property package in Marathon. Additional purchase opportunity to own the adjacent parcel and submerged land rights giving savvy buyers the ability to control and develop a larger footprint. Buy one. Add the rest. Control the block.

More Information MLS# 615113

Contract Information

Listing Board: Marathon/Lower Keys Current Price: $1,800,000 Listing Date: 2025-05-21 List Price: $1,800,000

Location, Tax & Legal

City: MARATHON Mile Marker: 54 Marathon Neighborhood: Coco Plum Side: Ocean Flood Zone: AE Alternate Key #: 1444740 Parcel #: 00362660-000000 Zoning: MU - Mixed Use Commercial Mixed Use Deed Restrictions: Unknown Legal: LOT 2 DRIFTWOOD ESTATES PB2-132 FAT DEER KEY OR527-841 OR886-957 OR1068-1148 OR1159-280 OR1159-1004 OR1273-115 OR1599-1 Taxes: 14064.08 Tax Year: 2024 Pub Sewer HkUp: Yes Key/Island: Marathon State/Province: FL Zip Code: 33050 County: Monroe Subdivision: Driftwood Estates (54.0) Area: 18 - East of Holiday Inn US #1 & Coco Plum

General Property Description

Realtor.COM Type: Multi-family Waterfront: Yes Control Depth: 0 Lot Size: 120X670 Lot SqFt: 80400 Pool: No Lot Sqft Source: Seller Total Units: 2 SqFt Source: Property Data Card Rentals Allowed: With Restrictions Min Rental Days: 7 Style: Multi-Units Year Built: 1950 Living Apx SqFt: 3017 Total Bedrooms: 4 Full Baths: 4 Total Baths: 4

Remarks & Misc

Remarks – Consumer: Position yourself at the gateway to one of the most sought after markets in the Keys. This prime multi-family complex offers not just immediate income potential, but long term upside with redevelopment or expansion. Property is in a high demand location with direct access to US-1/Overseas Highway. The property features two sturdy concrete block structures. The first building contains a three-bedroom, two-bathroom residence. The second building is designed as a duplex with two efficiency studio units, each with its own bathroom. This property has three residential property rights. Whether your vision is a multifamily expansion, a mixed use waterfront property, or a strategic land banking, this is a rare chance to own a contiguous property package in Marathon. Additional purchase opportunity to own the adjacent parcel and submerged land rights giving savvy buyers the ability to control and develop a larger footprint. Buy one. Add the rest. Control the block. Directions: Please use entrance off of Overseas Highway, 13755 with permission from the agent and seller.

Association Info

Mandatory Home Owners Asc: No 1st Right of Refusal: No Association Fee $: 0

Fee Includes

Sewer: 1 Water: 1

Dockage

None: 1

Tax Exemptions

Homestead: 1

Appliances

Microwave: 1 Range: 1 Refrigerator: 1

Pets

Pets Allowed: 1

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

Building Style

Above Flood: Unknown Ground Level: 1

Vehicle Storage

Guest Parking: 1 Open Parking: 1 RV Parking Open: 1 Trailer Storage: 1

Construction

Concrete: 1

Land Size

1 Less Than 2 Acres: 1

Terms

Cash: 1 Conventional: 1 Other Specify: 1

Utilities

Buyer to Verify: 1 Elect Separate Meter: 1 FKAA: 1 Municipal Sewer: 1

Title

Negotiable: 1

Exterior Features

Fencing: 1

Roof

Concrete Roof: 1 Other Roof: 1

Status Change Info

Status: Active

Property Features

Fee Includes: Sewer; Water Tax Exemptions: Homestead Waterfront: Oceanfront; Open Water Waterview: Harbor/Marina View; Ocean View; Open Water View Dockage: None Building Style: Ground Level Vehicle Storage: Guest Parking; Open Parking; RV Parking Open; Trailer Storage Cooling: Ceiling Fans(s); Wall/Window Unit(s) Utilities: Buyer to Verify; Elect Separate Meter; FKAA; Municipal Sewer Appliances: Microwave; Range; Refrigerator Exterior Features: Fencing Construction: Concrete Roof: Concrete Roof; Other Roof Pets: Pets Allowed Land Size: 1 Less Than 2 Acres Terms: Cash; Conventional; Other Specify Title: Negotiable
Listing Office: Engel & Völkers Marathon
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.