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$7,950,000
Marathon, FL 33050
MLS# 621748
5 beds | 5 baths | 4510 sqft
1 / 18
Property Description
Excellent development opportunities on this large Mixed Use commercial waterfront parcel with 200 feet of direct US Highway 1 frontage. 2.1 +/- upland acres and 1.47 acres of owned bay bottom in Bonefish Harbor with at least 5' controlling depth and access to the Atlantic Ocean. Property had over 550 feet of dockage directly to navigable channel. The property's current use is a hotel/marina. Property conveys with 13 Transient Rights . Commercial square footage shall remain vested upon the property. Seller worked on a Development Plan for 33,400 Steel Building as a Boathouse with potential for 200 dry boat racks. Total number of dry racks could increase as City of Marathon building height ordinance has changed (increased) since plans were drawn. Dock plans allow for multiple configurations, including 30 wet slips with boat launch zone. Other Development possilibities exist as the sight is zoned properly for varying types of use. Significant Seller Financing may be available to qualified purchasers with attractive terms and loan structures. Mixed Use is a commercial land use designation which allows for multiple development possibilities. Large commercial parcels with both US 1 and water frontage are not common and provide a considerable number of opportunities.
Details
Maps
Contract Information
Listing Board: Marathon/Lower Keys
Limited Representation: No
Potential Short Sale: No
Bank Owned: No
Species List: Yes
Current Price: $7,950,000
Listing Date: 2026-10-20
List Price: $7,950,000
Location, Tax & Legal
City: MARATHON
Mile Marker: 54
Marathon Neighborhood: Coco Plum
Side: Ocean
Flood Zone: AE,AE
Alternate Key #: 1444731
Parcel #: 00362650-000000
Zoning: MU - Mixed Use Commercial Mixed Use
Legal: See Lengthy Legal Description in Documents
Taxes: 19477
Tax Year: 2025
Street #: 12685
Street Name: Overseas
Street Suffix: Highway
Key/Island: Marathon
State/Province: FL
Zip Code: 33050
Subdivision: Driftwood Estates (54.0)
County: Monroe
Area: 18 - East of Holiday Inn US #1 & Coco Plum
General Property Description
Realtor.COM Type: Commercial
Waterfront: Yes
Control Depth: 5
Lot Size: X
Lot SqFt: 186639
Business Name: Not included
Total Units: 0
Off Street Parking: Yes
SqFt Source: Property Data Card
Building SqFt: 5735
Style: Commercial
Living Apx SqFt: 4510
Year Built: 1957
Total Bedrooms: 5
Full Baths: 5
Total Baths: 5
Remarks & Misc
Remarks – Consumer: Excellent development opportunities on this large Mixed Use commercial waterfront parcel with 200 feet of direct US Highway 1 frontage. 2.1 +/- upland acres and 1.47 acres of owned bay bottom in Bonefish Harbor with at least 5' controlling depth and access to the Atlantic Ocean. Property had over 550 feet of dockage directly to navigable channel. The property's current use is a hotel/marina. Property conveys with 13 Transient Rights . Commercial square footage shall remain vested upon the property. Seller worked on a Development Plan for 33,400 Steel Building as a Boathouse with potential for 200 dry boat racks. Total number of dry racks could increase as City of Marathon building height ordinance has changed (increased) since plans were drawn. Dock plans allow for multiple configurations, including 30 wet slips with boat launch zone. Other Development possilibities exist as the sight is zoned properly for varying types of use. Significant Seller Financing may be available to qualified purchasers with attractive terms and loan structures. Mixed Use is a commercial land use designation which allows for multiple development possibilities. Large commercial parcels with both US 1 and water frontage are not common and provide a considerable number of opportunities.
Directions: US 1 to 12685 Overseas Highway.
Deed Restrictions
Unknown: 1
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
License Info
# of Transient Licns: 13
Type
Hotel/Motel: 1
Marina: 1
Other Comrcl Style: 1
Retail: 1
Other Services: 1
Fee Includes
None: 1
Dockage
Dock: Other
Appliances
No Appliances: 1
Waterfront
Open Water: 1
Waterview
Harbor/Marina View: 1
Vehicle Storage
Off Street Parking: 1
Construction
Concrete: 1
Other: 1
Land Size
2 Less Than 5 Acres: 1
Terms
Seller Finance Psble: 1
Utilities
Buyer to Verify: 1
FKAA: 1
Municipal Sewer: 1
Miscellaneous
High Visibility: 1
Highway Frontage: 1
Open Water View: 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Status: Active
Property Features
Deed Restrictions: Unknown
Type: Hotel/Motel; Marina; Other Comrcl Style; Retail; Other Services
Waterfront: Open Water
Waterview: Harbor/Marina View
Vehicle Storage: Off Street Parking
Utilities: Buyer to Verify; FKAA; Municipal Sewer
Appliances: No Appliances
Miscellaneous: High Visibility; Highway Frontage; Open Water View
Construction: Concrete; Other
Land Size: 2 Less Than 5 Acres
Fee Includes: None
Terms: Seller Finance Psble
Listing Office: Coldwell Banker Schmitt Real Estate Co.
Last Updated: October - 22 - 2026
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