Marathon, FL 33050
$4,900,000
Property Type:
Vacant Land
Lot Size (sq. ft.):
160,800
Status:
Active
Current Price:
$4,900,000
List Date:
6/16/2025
Last Modified:
11/21/2025
Listing Details MLS# 615454
Location, Tax & Legal
- 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
- 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
- Deed Restrictions
- Unknown
- Legal
- LOT 3 DRIFTWOOD ESTATES PB2-132 FAT DEER KEY OR527-841 OR886-957 OR1068-1148 OR1159-280 OR1159-1004 OR1273-115 OR1599-19
- Taxes
- 22827
- Tax Year
- 2024
Contract Information
- Listing Board
- Marathon/Lower Keys
- Limited Representation
- No
- Potential Short Sale
- No
- Bank Owned
- No
General Property Description
- Realtor.COM Type
- Vacant Land
- Waterfront
- Yes
- Control Depth
- 6
- Lot SqFt
- 160800
- Lot Sqft Source
- Seller
- Total Lots
- 3
Miscellaneous Info
- Mobile Home Lot
- No
Dockage
- Dock
- Wood
- Dock Length
- 150
More Information
Financial Status
- Bank Owned
- No
- Potential Short Sale
- No
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.
Assoc/Misc Info
- Mandatory Home Owners Asc
- No
- 1st Right of Refusal
- No
Tax Exemptions
- Homestead
- Yes
Waterfront
- Open Water
- Yes
Waterview
- Open Water View
- Yes
Location/Site
- Highway Frontage
- Yes
- Water Frontage
- Yes
Existing Utilities
- Electric on Site
- Yes
- Sewer
- Yes
- Water Meter
- Yes
BuildingPermit
- Other Permit
- Yes
Security
- No Security
- Yes
Land Size
- 2 Less Than 5 Acres
- Yes
Title
- Negotiable
- Yes
Property Rights
- Transfer Bldg Rights
- Yes
Property Features
Tax Exemptions:
Homestead
Waterfront:
Open Water
Waterview:
Open Water View
Existing Utilities:
Electric on Site; Sewer; Water Meter
BuildingPermit:
Other Permit
Security:
No Security
Land Size:
2 Less Than 5 Acres
Title:
Negotiable
Property Rights:
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.