• Home
  • 12685 Overseas Highway, Marathon, FL 33050 (MLS# 618856)

12685 Overseas Highway, Marathon, FL 33050

New Listing
$8,750,000
Property Type: Commercial Sale Lot Size (sq. ft.): 104,485 Status: Active
Current Price: $8,750,000 List Date: 2/28/2026 Last Modified: 2/28/2026

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. Do not visit the property or speak with employees without listing agent present.

More Information MLS# 618856

Contract Information

Listing Board: Marathon/Lower Keys Limited Representation: No As is Rght to Inspct: Yes Potential Short Sale: No Bank Owned: No Species List: Yes Current Price: $8,750,000 Listing Date: 2026-02-28 List Price: $8,750,000

Location, Tax & Legal

City: MARATHON Off Shore Island: No Mile Marker: 54 Marathon Neighborhood: Coco Plum Side: Ocean Flood Zone: AE Alternate Key #: 1444731 Parcel #: 00362650000000 Zoning: MU - Mixed Use Commercial Mixed Use Legal: Lot 1 & Adj Bay Btm & Pt Lot 1 (1.15Ac) Driftwood Estates Pb2-132 Fat Deer Key Or82-148(Ii Deed 21418) Or460-462/463 Or8 Taxes: 19477 Tax Year: 2025 Street #: 12685 Street Name: Overseas Street Suffix: Highway Key/Island: Marathon State/Province: FL Zip Code: 33050 Subdivision: Driftwood Estates (54.0) County: Monroe Area: 18 - East of Holiday Inn US #1 & Coco Plum

General Property Description

Realtor.COM Type: Commercial Waterfront: Yes Control Depth: 5 Lot Size: X Lot SqFt: 104485 Total Units: 13 Off Street Parking: Yes # Stories: 1 SqFt Source: Property Data Card Total # Buildings: 4 Building SqFt: 5735 Style: Commercial Year Built: 1957

Remarks & Misc

Remarks – Consumer: 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. Do not visit the property or speak with employees without listing agent present. Directions: 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.

Deed Restrictions

No: 1

Association Info

Mandatory Home Owners Asc: No 1st Right of Refusal: No

License Info

# of Transient Licns: 13

Type

Boat Sales/Service: 1 Hotel/Motel: 1 Marina: 1 Retail: 1 Other Services: 1

Fee Includes

None: 1

Misc Property Info

Recorded Plat: Yes Unrecorded Plat: No

Dockage

Basin: 1 Boat Ramp: 1 Boat Slip: 1

Appliances

No Appliances: 1

Waterfront

Open Water: 1

Waterview

Harbor/Marina View: 1 Open Water View: 1

Vehicle Storage

Guest Parking: 1 Common Parking: 1 Off Street Parking: 1 Trailer Storage: 1

Construction

CBS: 1

Land Size

2 Less Than 5 Acres: 1

Terms

Buyer Obtain Finance: 1 Private Financing: 1 Seller Finance Psble: 1 Other Financing: 1

Utilities

Buyer to Verify: 1 FKAA: 1 Municipal Sewer: 1

Title

Negotiable: 1

Property Rights

Multi-Use/Commercial: 1 Transient License: 1

Miscellaneous

High Traffc Location: 1 High Visibility: 1 Highway Frontage: 1 Open Water View: 1 Utility Building: 1

Financial Status

Bank Owned: No Potential Short Sale: No

Status Change Info

Status: Active

Property Features

Deed Restrictions: No Type: Boat Sales/Service; Hotel/Motel; Marina; Retail; Other Services Waterfront: Open Water Waterview: Harbor/Marina View; Open Water View Dockage: Basin; Boat Ramp; Boat Slip Vehicle Storage: Common Parking; Guest Parking; Off Street Parking; Trailer Storage Utilities: Buyer to Verify; FKAA; Municipal Sewer Appliances: No Appliances Miscellaneous: High Traffc Location; High Visibility; Highway Frontage; Open Water View; Utility Building Construction: CBS Land Size: 2 Less Than 5 Acres Fee Includes: None Terms: Buyer Obtain Finance; Private Financing; Seller Finance Psble; Other Financing Title: Negotiable Property Rights: Multi-Use/Commercial; Transient License
Listing Office: Keys Ocean Realty Inc.
Last Updated: February - 28 - 2026
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.

Let’s Connect

      Sign Up for Listing Alerts