12685 Overseas Highway, Marathon, FL 33050

New Listing

$7,950,000

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Property Type: Commercial Sale Bedrooms: 5 Baths: 5 Square Footage: 4,510 Lot Size (sq. ft.): 186,639 Status: Active

Current Price: $7,950,000 List Date: 10/22/2026 Last Modified: 10/22/2026

Overview

Description

Excellent development opportunities on this large Mixed Use commercial waterfront parcel with 200 feet of direct US Highway 1 frontage. 2.1 +/- upland acres and 1.47 acres of owned bay bottom in Bonefish Harbor with at least 5' controlling depth and access to the Atlantic Ocean. Property had over 550 feet of dockage directly to navigable channel. The property's current use is a hotel/marina. Property conveys with 13 Transient Rights . Commercial square footage shall remain vested upon the property. Seller worked on a Development Plan for 33,400 Steel Building as a Boathouse with potential for 200 dry boat racks. Total number of dry racks could increase as City of Marathon building height ordinance has changed (increased) since plans were drawn. Dock plans allow for multiple configurations, including 30 wet slips with boat launch zone. Other Development possilibities exist as the sight is zoned properly for varying types of use. Significant Seller Financing may be available to qualif ... (Read more)

Listing Details MLS# 621748

Location, Tax & Legal

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
City: MARATHON
Mile Marker: 54
Marathon Neighborhood: Coco Plum
Side: Ocean
Flood Zone: AE,AE
Alternate Key #: 1444731
Parcel #: 00362650-000000
Zoning: MU - Mixed Use Commercial Mixed Use
Legal: See Lengthy Legal Description in Documents
Taxes: 19477
Tax Year: 2025

Contract Information

Listing Board: Marathon/Lower Keys
Limited Representation: No
Potential Short Sale: No
Bank Owned: No
Species List: Yes

General Property Description

Realtor.COM Type: Commercial
Style: Commercial
Lot SqFt: 186639
Waterfront: Yes
Control Depth: 5
Business Name: Not included
Off Street Parking: Yes
Building SqFt: 5735
SqFt Source: Property Data Card
Living Apx SqFt: 4510
Year Built: 1957
Total Bedrooms: 5
Full Baths: 5
Total Baths: 5
Total Units: 0

License Info

# of Transient Licns: 13

Association Info

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

More Information

Dockage

Dock: Other

Financial Status

Bank Owned: No
Potential Short Sale: No

Remarks & Misc

Remarks – Consumer: Excellent development opportunities on this large Mixed Use commercial waterfront parcel with 200 feet of direct US Highway 1 frontage. 2.1 +/- upland acres and 1.47 acres of owned bay bottom in Bonefish Harbor with at least 5' controlling depth and access to the Atlantic Ocean. Property had over 550 feet of dockage directly to navigable channel. The property's current use is a hotel/marina. Property conveys with 13 Transient Rights . Commercial square footage shall remain vested upon the property. Seller worked on a Development Plan for 33,400 Steel Building as a Boathouse with potential for 200 dry boat racks. Total number of dry racks could increase as City of Marathon building height ordinance has changed (increased) since plans were drawn. Dock plans allow for multiple configurations, including 30 wet slips with boat launch zone. Other Development possilibities exist as the sight is zoned properly for varying types of use. Significant Seller Financing may be available to qualified purchasers with attractive terms and loan structures. Mixed Use is a commercial land use designation which allows for multiple development possibilities. Large commercial parcels with both US 1 and water frontage are not common and provide a considerable number of opportunities.
Directions: US 1 to 12685 Overseas Highway.

Deed Restrictions

Unknown: Yes

Type

Hotel/Motel: Yes
Marina: Yes
Other Comrcl Style: Yes
Retail: Yes
Other Services: Yes

Fee Includes

None: Yes

Appliances

No Appliances: Yes

Waterfront

Open Water: Yes

Waterview

Harbor/Marina View: Yes

Vehicle Storage

Off Street Parking: Yes

Construction

Concrete: Yes
Other: Yes

Land Size

2 Less Than 5 Acres: Yes

Terms

Seller Finance Psble: Yes

Utilities

Buyer to Verify: Yes
FKAA: Yes
Municipal Sewer: Yes

Miscellaneous

High Visibility: Yes
Highway Frontage: Yes
Open Water View: Yes

Property Features

Deed Restrictions: Unknown Type: Hotel/Motel; Marina; Other Comrcl Style; Retail; Other Services Waterfront: Open Water Waterview: Harbor/Marina View Vehicle Storage: Off Street Parking Utilities: Buyer to Verify; FKAA; Municipal Sewer Appliances: No Appliances Miscellaneous: High Visibility; Highway Frontage; Open Water View Construction: Concrete; Other Land Size: 2 Less Than 5 Acres Fee Includes: None Terms: Seller Finance Psble

Listing Office: Coldwell Banker Schmitt Real Estate Co.

Last Updated: October - 22 - 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.

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