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$5,900,000
Marathon, FL 33050
MLS# 621147
13 beds | 13 baths | 4557 sqft
1 / 74
Property Description
A rare and unique income producing Hotel in Marathon. Tropical Cottages is a boutique & profitable Mom and Pop Motel. Total of 11 valuable Transient Licenses, 13 Rooms plus office with kitchen & check in room. 9 buildings on the property, 8 adorable free standing cottages with new Victorian shingle roofs & the main building with 3 rooms in good condition. Each room has been tastefully and tropically renovated inside and out. Each room is unique & comes fully furnished. Most of the units have small kitchenettes including sink with microwave and refrigerator. All units have refrigerator & microwave. Additionally, there is a large Tiki Hut & Bar along with Food Truck with seating area. The Food Truck and Tiki Bar are leased for $6,375 per mos on a short term agreement. The Motel is managed by Owners . The hotel runs on auto-pilot. Online check-in available with a good housekeeping staff as back up. Most of the business is from repeat customers, plus online booking sites are all utilized. On site is a full laundry room with Commercial grade washers/dryers and storage rooms throughout. All housekeeping is done on site. Small, friendly & efficient staff has been there long term and willing to stay on with new owners. There are a total of 6 lots encompassing over 1/2 acre of land, total .56 Ac or 24,384 sf. Ample off street parking for guests. Zoning is GC and land use is recognized as Hotel/Motel. Bonus of Deeded waterfront access at the end of 61st St. which has a boat ramp and staging area for all types of watercrafts and sports. Same family ownership since 2010. Tropical Cottages was started back in the mid 1950's as a Fish camp and is one of the few remaining Mom & Pop Motels throughout the Florida Keys. Motel generates substantial Net income year after year to current owners. Sellers may consider Seller Financing may be available to a qualified buyer. Terms to be negotiated.
Details
Maps
Contract Information
Listing Board: Key West Association
Limited Representation: No
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
Species List: No
Current Price: $5,900,000
Listing Date: 2026-08-29
List Price: $5,900,000
Location, Tax & Legal
City: MARATHON
Off Shore Island: No
Mile Marker: 50.5
Marathon Neighborhood: Mid-Town - Gulf (Sombrero to Airport)
Side: Bay/Gulf
Flood Zone: AE,AE,AE
Alternate Key #: 1415898
Parcel #: 00338430-000000
Zoning: MU - Mixed Use Commercial Mixed Use
Legal: MARATHON HEIGHTS PB2-83 KEY VACA LOTS 3 THRU 8 BLK 1 G42-19 G47-537 OR547-1030 OR724-21 OR950-1411D/C OR960-185R/S OR983
Taxes: 19950.55
Tax Year: 2025
Street #: 243
Street Name: 61st
Street Suffix: Street
Key/Island: Marathon
State/Province: FL
Zip Code: 33050
Subdivision: Marathon Heights (50.5)
County: Monroe
Area: 15 - Sombrero Bch Rd to Vaca Cut Gulfside
General Property Description
Realtor.COM Type: Commercial
Waterfront: No
Control Depth: 0
Lot Size: .56 ac
Lot SqFt: 24384
Business Name: Tropical Cottages
Total Units: 11
Year Established: 1975-12-31
# Parking Spaces: ample
Off Street Parking: yes
# Stories: 1
SqFt Source: Property Data Card
Total # Buildings: 9
Building SqFt: 4461
Style: Commercial
Living Apx SqFt: 4557
Year Built: 1954
Total Bedrooms: 13
Full Baths: 13
Total Baths: 13
Remarks & Misc
Remarks – Consumer: A rare and unique income producing Hotel in Marathon. Tropical Cottages is a boutique & profitable Mom and Pop Motel. Total of 11 valuable Transient Licenses, 13 Rooms plus office with kitchen & check in room. 9 buildings on the property, 8 adorable free standing cottages with new Victorian shingle roofs & the main building with 3 rooms in good condition.
Each room has been tastefully and tropically renovated inside and out. Each room is unique & comes fully furnished.
Most of the units have small kitchenettes including sink with microwave and refrigerator. All units have refrigerator & microwave. Additionally, there is a large Tiki Hut & Bar along with Food Truck with seating area. The Food Truck and Tiki Bar are leased for $6,375 per mos on a short term agreement. The Motel is managed by Owners . The hotel runs on auto-pilot. Online check-in available with a good housekeeping staff as back up. Most of the business is from repeat customers, plus online booking sites are all utilized.
On site is a full laundry room with Commercial grade washers/dryers and storage rooms throughout. All housekeeping is done on site. Small, friendly & efficient staff has been there long term and willing to stay on with new owners.
There are a total of 6 lots encompassing over 1/2 acre of land, total .56 Ac or 24,384 sf.
Ample off street parking for guests. Zoning is GC and land use is recognized as Hotel/Motel. Bonus of Deeded waterfront access at the end of 61st St. which has a boat ramp and staging area for all types of watercrafts and sports.
Same family ownership since 2010. Tropical Cottages was started back in the mid 1950's as a Fish camp and is one of the few remaining Mom & Pop Motels throughout the Florida Keys. Motel generates substantial Net income year after year to current owners. Sellers may consider Seller Financing may be available to a qualified buyer. Terms to be negotiated.
Directions: Overseas Hwy in Marathon to 61st St. Gulfside
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
License Info
# of City License: 12
# of County License: 12
# of Transient Licns: 11
2-Cop (Beer & Wine): 1
Type
Hotel/Motel: 1
Restaurant: 1
Fee Includes
None: 1
Misc Property Info
Recorded Plat: Yes
Dockage
Dock Privileges: 1
None: 1
Accounts & Meters
# Sewer Accounts: 1
# Water Meters: 1
# Electric Meters: 3
Appliances
Dryer: 1
Refrigerator: 1
Washer: 1
Property Info
# Kitchens: 2
License Included: 1
1 Bed/Bath: 13
Cooling
Central Air: 1
Waterfront
None: 1
Electric
Other Electric: 1
Waterview
No Waterview: 1
Floor
Other: 1
Interior Features
Drapes/Blinds Incl: 1
Furnished: 1
Laundry Room: 1
Window Treatments: 1
Windows/Doors
Other Windows/Doors: 1
Vehicle Storage
Guest Parking: 1
Common Parking: 1
Off Street Parking: 1
Construction
CBS: 1
Combo Construction: 1
Frame: 1
Manufactured: 1
Land Size
1/2 - Less Than 1 AC: 1
Terms
Buyer Obtain Finance: 1
Seller Finance Psble: 1
Utilities
FKAA: 1
Municipal Sewer: 1
Title
Negotiable: 1
Property Rights
Transient License: 1
Miscellaneous
Chickee Hut: 1
Fencing: 1
Manager on Premises: 1
Storage: 1
Roof
Metal Roof: 1
Other Roof: 1
Auction Info
Auction: No
Financial Status
Bank Owned: No
Potential Short Sale: No
Tenant Paid
Tnt Pays No Utils: 1
Status Change Info
Status: Active
Property Features
License Info: 2-Cop (Beer & Wine)
Property Info: License Included
Type: Hotel/Motel; Restaurant
Waterfront: None
Waterview: No Waterview
Dockage: Dock Privileges; None
Vehicle Storage: Common Parking; Guest Parking; Off Street Parking
Cooling: Central Air
Utilities: FKAA; Municipal Sewer
Interior Features: Drapes/Blinds Incl; Furnished; Laundry Room; Window Treatments
Appliances: Dryer; Refrigerator; Washer
Miscellaneous: Chickee Hut; Fencing; Manager on Premises; Storage
Construction: CBS; Combo Construction; Frame; Manufactured
Electric: Other Electric
Floor: Other
Roof: Metal Roof; Other Roof
Land Size: 1/2 - Less Than 1 AC
Fee Includes: None
Terms: Buyer Obtain Finance; Seller Finance Psble
Title: Negotiable
Tenant Paid: Tnt Pays No Utils
Property Rights: Transient License
Listing Office: RE/MAX Keys Connection (KW)
Last Updated: August - 29 - 2026
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.