Marathon, FL 33050

$4,900,000
Property Type: Vacant Land Lot Size (sq. ft.): 160,800 Status: Active
Current Price: $4,900,000 List Date: 6/16/2025 Last Modified: 11/21/2025

Description

Unlock the full potential of the Florida Keys commercial market with this offering of a rare combined set of parcels including Lot 2 & Lot 3 on Overseas Highway, and an additional parcel of ~3.0 acres of submerged bay bottom located in the heart of Marathon. These adjacent parcels and bay bottom present a unique opportunity for developers, investors, or end-users seeking high-traffic frontage, open-water access, and bay bottom rights. Property is zone Mixed Use Commercial (MU-C). Currently has two concrete dwellings on-site with 3 building rights, deep water access, and dockage. Direct open water with panoramic views and potential for dock development, boating, or a water sport business. Ideal for possible hotel/motel, retail, restaurant, marina, or mixed-use commercial ventures (subject to city approval). High visibility corridor daily on US-1/Overseas Highway. Benefit from strong foot traffic and year-round visitors. Ownership of the bay bottom opens unique possibilities for water-related commercial activity. Rare opportunity to acquire two contiguous parcels with waterfront, bay bottom rights, four dwelling rights and highway presence. Whether you're envisioning a boutique resort, a landmark restaurant on the water, or a marine-focused business, this combined site offers everything you need - land, location, and lifestyle.

More Information MLS# 615454

Contract Information

Current Price: $4,900,000 Listing Date: 2025-05-21 Listing Board: Marathon/Lower Keys List Price: $4,900,000 Limited Representation: No Potential Short Sale: No Bank Owned: No

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: Vacant Land Waterfront: Yes Control Depth: 6 Lot SqFt: 160800 Lot Sqft Source: Seller Total Lots: 3

Status Change Info

Status: Active

Miscellaneous Info

Mobile Home Lot: No

Dockage

Dock: Wood Dock Length: 150

Financial Status

Bank Owned: No Potential Short Sale: No

Property Features

Tax Exemptions: Homestead Waterfront: Open Water Waterview: Open Water View Existing Utilities: Electric on Site; Sewer; Water Meter BuildingPermit: Other Permit Security: No Security Land Size: 2 Less Than 5 Acres Title: Negotiable Property Rights: Transfer Bldg Rights
Listing Office: Engel & Völkers Marathon
Last Updated: November - 21 - 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.