248 Pescayo Avenue, Marathon, FL 33050 - Photo 1

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$1,450,000 -$100,000 (-6.45%) Price Reduced

For Sale
Active
Lots/Land
0.26 Acres
Updated 17 hours ago

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Property Description

One of the best buildable lots in the City of Marathon for large boats and immedate ocean access. Can't find the right home? Build your own! 11,354 square foot right on Bonefish Channel with very deep water the Atlantic Ocean just moments away. Dock permit is available with some reconfiguration required. Subject lot, and the adjacent lot 246 Pescayo are also available as a double lot (see listing #614973) Building plans for home on both lots are available as well

Full Property Details

Full Property Details for 248 Pescayo Ave

General

Price: $1,450,000
Taxes: $5,687 (2025)
Status: Active
Type: Lots/Land
Source: 927
MLS ID: 619492
Updated: 5/17/2026
Added to Site: 35 day(s) ago

Additional Information

Shared Amenities: Beach

Location

Area: 18 - East of Holiday Inn US #1 & Coco Plum
County: Monroe
Subdivision: Coco Plum Beach (54.5)
Driving Directions: US 1 to Coco Plum Drive, South on Coco Plum Drive to Pescayo Avenue. Left (west) on Pescayo Ave all the way to the end on the left. Sign on Property.

Lot Features

Property View: Harbor/Marina View, Canal
Lot Size (Acres): 0.26
Lot Size (Sq. Ft.): 11,354
Lot Size Source: Property Data Card
Lot Features: Water Frontage, Cleared Site
Zoning: RM - Residential Medium

Water Features

Water Front: Yes
Water View: Yes
Water Front Desc.: Canal Front, Open Water

Financial Considerations

Tax Amount: $5,687.73
Tax Year: 2025

Disclosures and Reports

Legal Description: Lot 4 Bonefish Harbor Pb7-98 (Replat Of Lot 1 Block 6 Coco Plum Beach Pb4-166) Fat Deer Key
APN: 00363511-000400

Listed by Coldwell Banker Schmitt Real Estate Co., Joshua James Mothner (305) 942-9519 and Coldwell Banker Schmitt Real Estate Co., Teri Hiller (305) 481-0361

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Listing agents

— 248 Pescayo Ave —

Joshua James Mothner

Coldwell Banker Schmitt Real Estate Co.
Teri Hiller

Coldwell Banker Schmitt Real Estate Co.

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NMLS#: 1598647

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Schools

Schools serving 248 Pescayo Ave

School District:Monroe County School District, Middle Torch Key, FL

Name	Grades	Distance
Stanley Switlik Elementary School 3400 Overseas Highway, Marathon, FL 33050	PK-5	5 mi
Marathon School 350 Sombrero Beach Road, Marathon, FL 33050	6-12	4.1 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 248 Pescayo Ave Get Price Alerts and Save Property

Date

Details

Price

Change

Source

5/17/2026

Price Reduced

$1,450,000

-6.45%

MLS

4/13/2026

Listed

$1,550,000

-29.55%

MLS

1/07/2025

Sold

$2,200,000

—

Public Record

Get Price Alerts and Save Property

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 248 Pescayo Ave

Year

Property Taxes

Change

Tax Assessment

Change

2024

$5,018

—

$765,458

40%

2024

$5,018

-3%

$547,575

—

2023

$5,173

—

$547,575

—

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 248 Pescayo Ave

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248 Pescayo Avenue, Marathon, FL 33050 (MLS# 619492) is a Lots/Land property with a lot size of 0.26 acres. 248 Pescayo Avenue is currently listed for $1,450,000 and was received on April 13, 2026. Want to learn more about 248 Pescayo Avenue? Do you have questions about finding other Lots/Land real estate for sale in Marathon? You can browse all Marathon real estate or contact a Coldwell Banker agent to request more information.

248 Pescayo Ave Marathon, FL 33050