1 S Kyle Way, Marathon, FL 33050 (MLS# 605849)

1 S Kyle Way, Marathon, FL 33050

$9,650,000

Property Type: Commercial Sale Bedrooms: 45 Baths: 45 Square Footage: 40,872 Lot Size (sq. ft.): 50,850 Status: Closed

Current Price: $9,650,000 List Date: 2/01/2024 Last Modified: 10/31/2025

Description

This is a once in a lifetime opportunity in Marathon and in the entire Florida Keys. 28 units with spectacular Atlantic Ocean views at the south of Marathon next to the brand new Isla Bella Resort. This property which was previously a timeshare that is being dissolved has amazing possibilities to a boutique exclusive resort to a developer's dream conversion for a sell out of the units. There is nothing like this in the Keys that has been available in the last 20 years. The property sustained hurricane damage and is ready for it's next chapter for the right Buyer. This will absolutely not last.

More Information MLS# 605849

Contract Information

Listing Board: Key West Association Limited Representation: No Potential Short Sale: No Bank Owned: No Current Price: $9,650,000 Listing Date: 2023-06-30 Sold Price: $9,650,000

Location, Tax & Legal

City: MARATHON Off Shore Island: No Mile Marker: 47 Marathon Neighborhood: Knights Key Side: Ocean Flood Zone: AE,VE Alternate Key #: 9104933 Parcel #: 00319600-001000 Zoning: RH - Residential High Legal: BK 1 LOTS 9 & 10 KNIGHTS KEY VILLAGE PB5-84 KNIGHTS KEY OR3156-940 Taxes: 66110.19 Tax Year: 2022 Street #: 1 Direction: S Street Name: Kyle Street Suffix: Way Key/Island: Marathon State/Province: FL Zip Code: 33050 Subdivision: Knights Key Village (47.0) County: Monroe Area: 13 - 7 Mile Bridge to Sombrero Bch Rd E & W

General Property Description

Realtor.COM Type: Commercial Waterfront: Yes Control Depth: 5 Lot Size: N/A Lot SqFt: 50850 Total Units: 0 Building SqFt: 40872 Style: Commercial Living Apx SqFt: 40872 Year Built: 1979 Total Bedrooms: 45 Full Baths: 45 Total Baths: 45

Remarks & Misc

Remarks – Consumer: This is a once in a lifetime opportunity in Marathon and in the entire Florida Keys. 28 units with spectacular Atlantic Ocean views at the south of Marathon next to the brand new Isla Bella Resort. This property which was previously a timeshare that is being dissolved has amazing possibilities to a boutique exclusive resort to a developer's dream conversion for a sell out of the units. There is nothing like this in the Keys that has been available in the last 20 years. The property sustained hurricane damage and is ready for it's next chapter for the right Buyer. This will absolutely not last.

Association Info

Mandatory Home Owners Asc: No 1st Right of Refusal: No

Type

Apartment 3 or more: 1

Fee Includes

None: 1

Dockage

Seawall: Concrete

Appliances

No Appliances: 1

Property Info

License Included: 1

Waterfront

Gulf Front: 1

Waterview

Bay/Gulf View: 1 Open Water View: 1

Vehicle Storage

Common Parking: 1

Construction

Concrete: 1

Land Size

More than 1 Lot: 1

Utilities

FKAA: 1 Municipal Sewer: 1

Property Rights

Transfer Bldg Rights: 1 Transient License: 1

Miscellaneous

High Visibility: 1 Open Water View: 1 Pool: 1

Financial Status

Bank Owned: No Potential Short Sale: No

Status Change Info

Sold Date: 2025-10-31 Sold Price: $9,650,000 Status: Closed

Property Features

Property Info: License Included Type: Apartment 3 or more Waterfront: Gulf Front Waterview: Bay/Gulf View; Open Water View Vehicle Storage: Common Parking Utilities: FKAA; Municipal Sewer Appliances: No Appliances Miscellaneous: High Visibility; Open Water View; Pool Construction: Concrete Land Size: More than 1 Lot Fee Includes: None Property Rights: Transfer Bldg Rights; Transient License

Listing Office: Berkshire Hathaway HomeServices Knight & Gardner Realty

Last Updated: October - 31 - 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.