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.
