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$4,900,000
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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.
Full Property Details
Full Property Details for MLS# 615454
General
- Price: $4,900,000
- Taxes: $22,827 (2024)
- Status: Active
- Type: Lots/Land
- Source: 927
- MLS ID: 615454
- Updated: 5/13/2026
- Added to Site: 364 day(s) ago
Additional Information
- Security/Safety: No Security
Location
- Area: 18 - East of Holiday Inn US #1 & Coco Plum
- County: Monroe
- Subdivision: Driftwood Estates (54.0)
- Driving Directions: Please use entrance off of Overseas Highway, 13755 with permission from the agent and seller.
Lot Features
- Property View: Open Water View
- Lot Size (Acres): 3.69
- Lot Size (Sq. Ft.): 160,800
- Lot Size Source: Seller
- Lot Features: Water Frontage, Highway Frontage
- Zoning: MU - Mixed Use Commercial Mixed Use
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Desc.: Open Water
Financial Considerations
- Tax Amount: $22,827
- Tax Year: 2024
Disclosures and Reports
- Legal Description: LOT 3 DRIFTWOOD ESTATES PB2-132 FAT DEER KEY OR527-841 OR886-957 OR1068-1148 OR1159-280 OR1159-1004 OR1273-115 OR1599-19
- Flood Zone: AE, AE
Listed by Engel & Völkers Marathon, Stephany Duvall (407) 256-9614
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Price & Sales History for MLS# 615454
Date
Details
Price
Change
Source
5/21/2025
Listed
$4,900,000
—
MLS
Disclaimer: Historical sales 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 MLS# 615454
MLS# 615454, Marathon, FL 33050 (MLS# 615454) is a Lots/Land property with a lot size of 3.69 acres. MLS# 615454 is currently listed for $4,900,000 and was received on May 21, 2025. Want to learn more about MLS# 615454? 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.

