$4,900,000
MLS# 615454
1 / 14
Property 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.
Details
Contract Information
Listing Board: Marathon/Lower Keys
Limited Representation: No
Potential Short Sale: No
Bank Owned: No
Current Price: $4,900,000
Listing Date: 2025-05-21
List Price: $4,900,000
Location, Tax & Legal
City: MARATHON
Mile Marker: 54
Marathon Neighborhood: Coco Plum
Side: Ocean
Flood Zone: AE,AE
Alternate Key #: 1444758
Add'l Parcel #1: 00100230-000000
Parcel #: 00362670-000000
Add'l Parcel #2: 00362660-000000
Zoning: MU - Mixed Use Commercial Mixed Use
Deed Restrictions: Unknown
Legal: LOT 3 DRIFTWOOD ESTATES PB2-132 FAT DEER KEY OR527-841 OR886-957 OR1068-1148 OR1159-280 OR1159-1004 OR1273-115 OR1599-19
Taxes: 22827
Tax Year: 2024
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
Remarks & Misc
Remarks – Consumer: 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.
Directions: Please use entrance off of Overseas Highway, 13755 with permission from the agent and seller.
Assoc/Misc Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Miscellaneous Info
Mobile Home Lot: No
Dockage
Dock Length: 150
Dock: Wood
Tax Exemptions
Homestead: 1
Waterfront
Open Water: 1
Waterview
Open Water View: 1
Location/Site
Highway Frontage: 1
Water Frontage: 1
Existing Utilities
Electric on Site: 1
Sewer: 1
Water Meter: 1
BuildingPermit
Other Permit: 1
Security
No Security: 1
Land Size
2 Less Than 5 Acres: 1
Title
Negotiable: 1
Property Rights
Transfer Bldg Rights: 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Status: Active
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.