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

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# 615454

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 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 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: Vacant Land Waterfront: Yes Control Depth: 6 Lot SqFt: 160800 Lot Sqft Source: Seller Total Lots: 3

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

Miscellaneous Info

Mobile Home Lot: No

Dockage

Dock Length: 150 Dock: Wood

Tax Exemptions

Homestead: 1

Waterfront

Open Water: 1

Waterview

Open Water View: 1

Location/Site

Highway Frontage: 1 Water Frontage: 1

Existing Utilities

Electric on Site: 1 Sewer: 1 Water Meter: 1

BuildingPermit

Other Permit: 1

Security

No Security: 1

Land Size

2 Less Than 5 Acres: 1

Title

Negotiable: 1

Property Rights

Transfer Bldg Rights: 1

Financial Status

Bank Owned: No Potential Short Sale: No

Status Change Info

Status: Active

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
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