12685 Overseas Highway, Marathon, FL 33050

New Listing
$8,750,000
Property Type: Commercial Sale Lot Size (sq. ft.): 104,485 Status: Active
Current Price: $8,750,000 List Date: 2/28/2026 Last Modified: 2/28/2026

Description

Waterfront motel and marina property in Marathon offered with thirteen transferable transient building rights, highway frontage, and redevelopment potential. Sea Cove is located on Overseas Highway with approximately 200 feet of US-1 frontage, more than two acres of buildable uplands, and additional bay bottom ownership. The property has a long history of marina and lodging use and includes an existing boat ramp with direct boating access. The site has historically supported motel operations, marina services, and small retail activity. The offering includes the real estate together with thirteen transferable transient building rights that allow nightly rental use within the City of Marathon, subject to zoning and City approval if relocated. Previous planning and engineering work studied redevelopment of the site as a marina focused project. Concept plans illustrate a dry boat storage structure of approximately 33,000 square feet accommodating roughly 150 dry racks together with approximately 30 wet slips. Prior discussions have also included extended dockage approaching 550 feet and potential marina services including fueling facilities, subject to required approvals. The site includes significant waterfront area together with bay bottom ownership that has historically supported dockage and marina activity. Showings by appointment only. Please do not visit the property or speak with employees without listing agent present.

More Information MLS# 618856

Contract Information

Current Price: $8,750,000 Listing Date: 2026-02-28 Listing Board: Marathon/Lower Keys List Price: $8,750,000 Limited Representation: No As is Rght to Inspct: Yes Potential Short Sale: No Bank Owned: No Species List: Yes

Location Tax Legal

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 Style: Commercial Lot Size: X Lot SqFt: 104485 Waterfront: Yes Control Depth: 5 Off Street Parking: Yes # Stories: 1 Total # Buildings: 4 Building SqFt: 5735 SqFt Source: Property Data Card Total Units: 13 Year Built: 1957

Status Change Info

Status: Active

License Info

# of Transient Licns: 13

Association Info

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

Misc Property Info

Recorded Plat: Yes Unrecorded Plat: No

Financial Status

Bank Owned: No Potential Short Sale: No

Property Features

Deed Restrictions: No Type: Boat Sales/Service; Hotel/Motel; Marina; Retail; Other Services Waterfront: Open Water Waterview: Harbor/Marina View; Open Water View Dockage: Basin; Boat Ramp; Boat Slip Vehicle Storage: Common Parking; Guest Parking; Off Street Parking; Trailer Storage Utilities: Buyer to Verify; FKAA; Municipal Sewer Appliances: No Appliances Miscellaneous: High Traffc Location; High Visibility; Highway Frontage; Open Water View; Utility Building Construction: CBS Land Size: 2 Less Than 5 Acres Fee Includes: None Terms: Buyer Obtain Finance; Private Financing; Seller Finance Psble; Other Financing Title: Negotiable Property Rights: Multi-Use/Commercial; Transient License
Listing Office: Keys Ocean Realty Inc.
Last Updated: February - 28 - 2026
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