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$3,195,000
Marathon, FL 33050
MLS# 621904
3 beds | 2 baths | 2058 sqft
1 / 42
Property Description
**RARE WATERFRONT OPPORTUNITY IN EXCLUSIVE YACHT HARBOR ISLAND!** Discover one of Marathon's most desirable waterfront homesites, perfectly positioned on Vaca Cut with breathtaking sunset views and direct boating access to both the Atlantic Ocean and Gulf. This oversized lot-and-a-half boasts an impressive 155 feet of water frontage, including 135 feet of brand-new 2026 seawall and a rare 20-foot-wide private boat ramp! This highly desirable feature makes the property a true boater's paradise, offering exceptional convenience and access to world-class fishing and cruising. The existing residence requires substantial renovation or redevelopment and is being offered AS-IS. The seller has building plans specifically designed for the property, or bring your own vision to life and create your dream Florida Keys waterfront estate. The expansive lot offers potential space for a resort-style pool, tiki hut, garage, RV parking, boat storage, and more, subject to applicable approvals. This remarkable homesite offers endless possibilities in one of Marathon's most sought-after oceanfront locations!
Details
Maps
Contract Information
Listing Board: Marathon/Lower Keys
Current Price: $3,195,000
Listing Date: 2026-11-02
List Price: $3,195,000
Location, Tax & Legal
City: MARATHON
Off Shore Island: No
Mile Marker: 53.5
Marathon Neighborhood: Vaca East (Vaca to Coco)
Senior Community YN: No
Side: Ocean
Flood Zone: AE
Alternate Key #: 1439843
Parcel #: 00357800000000
Zoning: RM - Residential Medium
Deed Restrictions: Unknown
Legal: Lot 1 And Unumbered North Parcel And Nly 20' Lot 2 Amd And Ext Plat Of Yacht Harbour Island Pb3-154 Fat Deer Key Or78-21
Taxes: 26217.09
Tax Year: 2025
Pub Sewer HkUp: Yes
Street #: 955
Street Name: 122nd Street Ocean
Key/Island: Marathon
State/Province: FL
Zip Code: 33050
County: Monroe
Subdivision: Yacht Harbor Island (53.5)
Area: 17 - Vaca Cut - Both Sides Holiday Inn/Key Colony
General Property Description
Realtor.COM Type: Residential - Single Family
Waterfront: Yes
Control Depth: 4
Lot Size: X
Lot SqFt: 13300
Pool: No
Lot Sqft Source: Property Data Card
Acres: 0.3
SqFt Source: Property Data Card
Rentals Allowed: Yes
Min Rental Days: 7
Style: Single Family
Year Built: 1963
Living Apx SqFt: 2058
Total Bedrooms: 3
Full Baths: 2
Total Baths: 2
Remarks & Misc
Remarks – Consumer: **RARE WATERFRONT OPPORTUNITY IN EXCLUSIVE YACHT HARBOR ISLAND!** Discover one of Marathon's most desirable waterfront homesites, perfectly positioned on Vaca Cut with breathtaking sunset views and direct boating access to both the Atlantic Ocean and Gulf. This oversized lot-and-a-half boasts an impressive 155 feet of water frontage, including 135 feet of brand-new 2026 seawall and a rare 20-foot-wide private boat ramp! This highly desirable feature makes the property a true boater's paradise, offering exceptional convenience and access to world-class fishing and cruising.
The existing residence requires substantial renovation or redevelopment and is being offered AS-IS. The seller has building plans specifically designed for the property, or bring your own vision to life and create your dream Florida Keys waterfront estate. The expansive lot offers potential space for a resort-style pool, tiki hut, garage, RV parking, boat storage, and more, subject to applicable approvals. This remarkable homesite offers endless possibilities in one of Marathon's most sought-after oceanfront locations!
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Association Fee $: 0
Fee Includes
None: 1
Dockage
Dock Length: 135
Dock: Concrete
Boat Ramp: 1
Seawall: Concrete
Tax Exemptions
None: 1
Appliances
No Appliances: 1
Pets
Pets Allowed: 1
Waterfront
Oceanfront: 1
Open Water: 1
Waterview
Ocean View: 1
Open Water View: 1
Property Condition
Fixer Upper: 1
Building Style
Above Flood: Unknown
Ground Level: 1
Vehicle Storage
Carport: 1
Covered Parking: 1
Guest Parking: 1
Open Parking: 1
RV Parking Open: 1
Off Street Parking: 1
Construction
CBS: 1
Concrete: 1
Land Size
1/4 - 1/2 Acre: 1
Utilities
Buyer to Verify: 1
FKAA: 1
Municipal Sewer: 1
Exterior Features
Chickee Hut: 1
Roof
Tar/Gravel Roof: 1
Status Change Info
Status: Active
Property Features
Fee Includes: None
Tax Exemptions: None
Waterfront: Oceanfront; Open Water
Waterview: Ocean View; Open Water View
Dockage: Boat Ramp
Property Condition: Fixer Upper
Building Style: Ground Level
Vehicle Storage: Carport; Covered Parking; Guest Parking; Off Street Parking; Open Parking; RV Parking Open
Utilities: Buyer to Verify; FKAA; Municipal Sewer
Appliances: No Appliances
Exterior Features: Chickee Hut
Construction: CBS; Concrete
Roof: Tar/Gravel Roof
Pets: Pets Allowed
Land Size: 1/4 - 1/2 Acre
Listing Office: Engel & Völkers Marathon
Last Updated: November - 02 - 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.