8700 Overseas Highway, Marathon, FL 33050

$6,900,000
Property Type: Commercial Lot Size (sq. ft.): 72,904 Status: Active
Current Price: $6,900,000 List Date: 2/17/2025 Last Modified: 4/04/2025

Description

Seller is calling for offers...Attention Developers!!!....Direct oceanfront development opportunity located in the Economic Opportunity Zone in the Middle Keys. 1.67 acres with concrete seawall in place for (5) 30' dock spaces and (5) 30'-40' T-Docks are in permitting. Development agreement in place with the City of Marathon for (10) single family villas with (10) building entitlements in hand to start building today. Villas are concrete construction, four bedroom, there and a half bathrooms, 2,643 sf under air, impact windows/doors, metal roofs, open porches, roof top deck, elevator, private pools and assigned docks. This property features a protected boat basin with six lots and four oceanfront point lots with direct open ocean views and access. This rare, oceanfront parcel would make a fabulous private multi-family compound or build (10) vacation rental income producing villas and take advantage of the tax benefits from the EOZ.

More Information MLS# 613755

Contract Information

Current Price: $6,900,000 Listing Date: 2025-02-17 Listing Board: Marathon/Lower Keys List Price: $6,900,000 Limited Representation: No As is Rght to Inspct: Yes For Sale/Lease: For Sale Potential Short Sale: No Bank Owned: No Species List: No

Location Tax Legal

Street #: 8700 Street Name: Overseas Street Suffix: Highway Key/Island: Marathon State/Province: FL Zip Code: 33050 Subdivision: Misc Marathon East O (52.0) County: Monroe Area: 16 - Sombrero Bch Rd to Vaca Cut - Oceanside

General Property Description

Realtor.COM Type: Commercial Style: Commercial Lot Size: 1.67 Lot SqFt: 72904 Waterfront: Yes Control Depth: 4

Status Change Info

Status: Active

Association Info

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

Misc Property Info

Recorded Plat: Yes

Dockage

Dock: Concrete Seawall: Concrete

Financial Status

Bank Owned: No Potential Short Sale: No

Property Features

Deed Restrictions: No Type: Other Services Waterfront: Canal Front; Oceanfront Waterview: Canal View; Ocean View; Open Water View Dockage: Assigned Dock; Dock Privileges Vehicle Storage: Covered Parking Cooling: Central Air Heating: Central; Electric Utilities: FKAA; Municipal Sewer; Separate Meters Appliances: Dishwasher Construction: CBS; Concrete; Other Floor: Tile Roof: Metal Roof Land Size: 1 Less Than 2 Acres Fee Includes: None Property Rights: Tranfrble Dev Right
Listing Office: Ocean Sotheby's International Realty
Last Updated: April - 04 - 2025
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