12685 Overseas HWY, Marathon, FL 33050
12685 Overseas HWY, Marathon, FL 33050
12685 Overseas HWY, Marathon, FL 33050
12685 Overseas HWY, Marathon, FL 33050
12685 Overseas HWY, Marathon, FL 33050
12685 Overseas HWY, Marathon, FL 33050
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Christine M. García-Castellanos

Christine M. García-Castellanos

+1(305) 495-5184
Listed by Mallory Pinto Keys Ocean Realty Inc.
$ 8,750,000
Est. payment | /mo

2.4 Acres Lot


Save
$ 8,750,000
Est. payment | /mo
Save

2.4 Acres Lot

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Driftwood Estates (54.0)

MLS Listing ID 618856

HOA Y/N No

Year Built 1957

Annual Tax Amount $19,477

Tax Year 2025

Lot Size 2.399 Acres

Acres 2.4

Lot Dimensions X

Property Sub-Type Commercial

Property Description

Waterfront motel and marina property in Marathon offered with thirteen transferable transient building rights, highway frontage, and redevelopment potential.
Sea Cove is located on Overseas Highway with approximately 200 feet of US-1 frontage, more than two acres of buildable uplands, and additional bay bottom ownership. The property has a long history of marina and lodging use and includes an existing boat ramp with direct boating access. The site has historically supported motel operations, marina services, and small retail activity.
The offering includes the real estate together with thirteen transferable transient building rights that allow nightly rental use within the City of Marathon, subject to zoning and City approval if relocated.
Previous planning and engineering work studied redevelopment of the site as a marina focused project. Concept plans illustrate a dry boat storage structure of approximately 33,000 square feet accommodating roughly 150 dry racks together with approximately 30 wet slips. Prior discussions have also included extended dockage approaching 550 feet and potential marina services including fueling facilities, subject to required approvals.
The site includes significant waterfront area together with bay bottom ownership that has historically supported dockage and marina activity.
Showings by appointment only. Please do not visit the property or speak with employees without listing agent present.

Location

State FL

County Monroe

Area 18 - East Of Holiday Inn Us #1 & Coco Plum

Zoning MU - Mixed Use Commercial Mixed Use

Direction US-1 to Mile Marker 54 in Marathon. Property is on the ocean side of Overseas Highway near Coco Plum. Look for Sea Cove Marina. Do not enter property without appointment.

Interior

Appliance No Appliances

Exterior

Parking Features Trailer Storage, Common Parking, Guest, Off Street

Utilities Available FKAA, Municipal Sewer, Buyer To Verify

Waterfront Description Open Water

Garage No

Building

Story 1

Level or Stories 1

Others

HOA Fee Include None

Tax ID 00362650000000

Miscellaneous High Visibility, Open Water View, Highway Frontage, Utility Building, High Traffic Location

Acceptable Financing Other Financing, Private Financing Available, Buyer Obtain Finance, Owner May Carry

Listing Terms Other Financing, Private Financing Available, Buyer Obtain Finance, Owner May Carry

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12685 Overseas HWY