Marathon, FL 33050

$1,800,000
Property Type: Residential Bedrooms: 4 Baths: 4 Square Footage: 3,017 Lot Size (sq. ft.): 80,400 Status: Active
Current Price: $1,800,000 List Date: 5/21/2025 Last Modified: 11/17/2025

Description

Position yourself at the gateway to one of the most sought after markets in the Keys. This prime multi-family complex offers not just immediate income potential, but long term upside with redevelopment or expansion. Property is in a high demand location with direct access to US-1/Overseas Highway. The property features two sturdy concrete block structures. The first building contains a three-bedroom, two-bathroom residence. The second building is designed as a duplex with two efficiency studio units, each with its own bathroom. This property has three residential property rights. Whether your vision is a multifamily expansion, a mixed use waterfront property, or a strategic land banking, this is a rare chance to own a contiguous property package in Marathon. Additional purchase opportunity to own the adjacent parcel and submerged land rights giving savvy buyers the ability to control and develop a larger footprint. Buy one. Add the rest. Control the block.

More Information MLS# 615113

Contract Information

Current Price: $1,800,000 Listing Date: 2025-05-21 Listing Board: Marathon/Lower Keys List Price: $1,800,000

Location Tax Legal

Key/Island: Marathon State/Province: FL Zip Code: 33050 County: Monroe Subdivision: Driftwood Estates (54.0) Area: 18 - East of Holiday Inn US #1 & Coco Plum

General Property Description

Realtor.COM Type: Multi-family Style: Multi-Units Waterfront: Yes Pool: No Year Built: 1950 Total Units: 2 Lot Size: 120X670 Lot SqFt: 80400 Lot Sqft Source: Seller Living Apx SqFt: 3017 SqFt Source: Property Data Card Total Bedrooms: 4 Full Baths: 4 Total Baths: 4 Rentals Allowed: With Restrictions Min Rental Days: 7

Status Change Info

Status: Active

Association Info

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

Building Style

Above Flood: Unknown

Property Features

Fee Includes: Sewer; Water Tax Exemptions: Homestead Waterfront: Oceanfront; Open Water Waterview: Harbor/Marina View; Ocean View; Open Water View Dockage: None Building Style: Ground Level Vehicle Storage: Guest Parking; Open Parking; RV Parking Open; Trailer Storage Cooling: Ceiling Fans(s); Wall/Window Unit(s) Utilities: Buyer to Verify; Elect Separate Meter; FKAA; Municipal Sewer Appliances: Microwave; Range; Refrigerator Exterior Features: Fencing Construction: Concrete Roof: Concrete Roof; Other Roof Pets: Pets Allowed Land Size: 1 Less Than 2 Acres Terms: Cash; Conventional; Other Specify Title: Negotiable
Listing Office: Engel & Völkers Marathon
Last Updated: November - 17 - 2025
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.