$6,450,000
Marathon, FL 33050
MLS# 598912
Status: Closed
3400 sqft
1 / 8
Property Description
Incredible Waterfront Development opportunity Bayside in Marathon. 3.65 Acres of Bayside Uplands plus 1.1 Acre of environmentally sensitive land. Private boat basin with 10 or more boat docks able to accommodate up to 36' Vessels. Recent City of Marathon approval for 8 Waterfront units, 6 market rate and 2 Transient Dwelling units. See uploaded docs. Current plans available call for a Gated community with eight 3,500 sf. Waterfront Estate Homes each 2 story, 4bd/4.5 bath with separate 2bd/2.5ba Guesthouse. Each home will have private pools, parking, massive decks and porches. Compound would include tennis courts and a shared conference room. In addition, approval for 3,400 sf. of Commercial Transferrable Building Rights (TBR's) which will be separate from the residential development with a wall and heavy tropical landscaping. Owner may consider Seller financing to qualified buyer.
Details
Maps
Documents
Contract Information
Current Price: $6,450,000
Listing Date: 2021-12-22
Listing Board: Key West Association
Leased Price Monthly: $6,450,000
Limited Representation: No
For Sale/Lease: For Sale
Potential Short Sale: No
Bank Owned: No
Location, Tax & Legal
Street #: 1622
Street Name: Overseas
Street Suffix: Highway
Key/Island: Marathon
State/Province: FL
Zip Code: 33050
Subdivision: Harbor Isle (48.5)
County: Monroe
Area: 13 - 7 Mile Bridge to Sombrero Bch Rd E & W
General Property Description
Realtor.COM Type: Commercial
Style: Commercial
Lot Size: 207,057
Lot SqFt: 207057
Waterfront: Yes
Control Depth: 3
# Parking Spaces: ample
Off Street Parking: yes
Building SqFt: 3400
SqFt Source: Seller
Living Apx SqFt: 3400
Total Units: 8
Year Built: 1938
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Dockage
Dock: Wood
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Under Contract Date: 2023-09-05
Leased Date: 2023-10-11
Leased Price Monthly: $6,450,000
Status: Closed
Property Features
Type: Other Comrcl Style; Other Services
Waterfront: Bay Front
Waterview: Bay/Gulf View
Utilities: FKAA; Municipal Sewer
Construction: Combo Construction
Land Size: 2 Less Than 5 Acres
Fee Includes: Other
1622 MLS-NDA-CA 
Listing Office: RE/MAX Keys Connection (KW)
Last Updated: August - 31 - 2026
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