243 61st Street, Marathon, FL 33050

$5,900,000

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Property Type: Commercial Sale Bedrooms: 13 Baths: 13 Square Footage: 4,557 Lot Size (sq. ft.): 24,384 Status: Active

Current Price: $5,900,000 List Date: 8/29/2026 Last Modified: 9/16/2026

Overview

Description

A rare and unique income producing Hotel in Marathon. Tropical Cottages is a boutique & profitable Mom and Pop Motel. Total of 11 valuable Transient Licenses, 13 Rooms plus office with kitchen & check in room. 9 buildings on the property, 8 adorable free standing cottages with new Victorian shingle roofs & the main building with 3 rooms in good condition. Each room has been tastefully and tropically renovated inside and out. Each room is unique & comes fully furnished. Most of the units have small kitchenettes including sink with microwave and refrigerator. All units have refrigerator & microwave. Additionally, there is a large Tiki Hut & Bar along with Food Truck with seating area. The Food Truck and Tiki Bar are leased for $6,375 per mos on a short term agreement. The Motel is managed by Owners . The hotel runs on auto-pilot. Online check-in available with a good housekeeping staff as back up. Most of the business is from repeat customers, plus online booking sites ar ... (Read more)

Listing Details MLS# 621147

Location, Tax & Legal

Street #: 243
Street Name: 61st
Street Suffix: Street
Key/Island: Marathon
State/Province: FL
Zip Code: 33050
Subdivision: Marathon Heights (50.5)
County: Monroe
Area: 15 - Sombrero Bch Rd to Vaca Cut Gulfside
City: MARATHON
Off Shore Island: No
Mile Marker: 50.5
Marathon Neighborhood: Mid-Town - Gulf (Sombrero to Airport)
Side: Bay/Gulf
Flood Zone: AE,AE,AE
Alternate Key #: 1415898
Parcel #: 00338430-000000
Zoning: MU - Mixed Use Commercial Mixed Use
Legal: MARATHON HEIGHTS PB2-83 KEY VACA LOTS 3 THRU 8 BLK 1 G42-19 G47-537 OR547-1030 OR724-21 OR950-1411D/C OR960-185R/S OR983
Taxes: 19950.55
Tax Year: 2025

Contract Information

Listing Board: Key West Association
Limited Representation: No
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
Species List: No

General Property Description

Realtor.COM Type: Commercial
Style: Commercial
Lot SqFt: 24384
Waterfront: No
Business Name: Tropical Cottages
Year Established: 1975-12-31
# Parking Spaces: ample
Off Street Parking: yes
# Stories: Yes
Total # Buildings: 9
Building SqFt: 4461
SqFt Source: Property Data Card
Living Apx SqFt: 4557
Total Units: 11
Year Built: 1954
Total Bedrooms: 13
Full Baths: 13
Total Baths: 13
Control Depth: 0

License Info

# of City License: 12
# of County License: 12
# of Transient Licns: 11
2-Cop (Beer & Wine): Yes

Association Info

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

More Information

Misc Property Info

Recorded Plat: Yes

Property Info

# Kitchens: 2
1 Bed/Bath: 13
License Included: Yes

Auction Info

Auction: No

Financial Status

Bank Owned: No
Potential Short Sale: No

Remarks & Misc

Remarks – Consumer: A rare and unique income producing Hotel in Marathon. Tropical Cottages is a boutique & profitable Mom and Pop Motel. Total of 11 valuable Transient Licenses, 13 Rooms plus office with kitchen & check in room. 9 buildings on the property, 8 adorable free standing cottages with new Victorian shingle roofs & the main building with 3 rooms in good condition. Each room has been tastefully and tropically renovated inside and out. Each room is unique & comes fully furnished. Most of the units have small kitchenettes including sink with microwave and refrigerator. All units have refrigerator & microwave. Additionally, there is a large Tiki Hut & Bar along with Food Truck with seating area. The Food Truck and Tiki Bar are leased for $6,375 per mos on a short term agreement. The Motel is managed by Owners . The hotel runs on auto-pilot. Online check-in available with a good housekeeping staff as back up. Most of the business is from repeat customers, plus online booking sites are all utilized. On site is a full laundry room with Commercial grade washers/dryers and storage rooms throughout. All housekeeping is done on site. Small, friendly & efficient staff has been there long term and willing to stay on with new owners. There are a total of 6 lots encompassing over 1/2 acre of land, total .56 Ac or 24,384 sf. Ample off street parking for guests. Zoning is GC and land use is recognized as Hotel/Motel. Bonus of Deeded waterfront access at the end of 61st St. which has a boat ramp and staging area for all types of watercrafts and sports. Same family ownership since 2010. Tropical Cottages was started back in the mid 1950's as a Fish camp and is one of the few remaining Mom & Pop Motels throughout the Florida Keys. Motel generates substantial Net income year after year to current owners. Sellers may consider Seller Financing may be available to a qualified buyer. Terms to be negotiated.
Directions: Overseas Hwy in Marathon to 61st St. Gulfside

Type

Hotel/Motel: Yes
Restaurant: Yes

Fee Includes

None: Yes

Dockage

Dock Privileges: Yes
None: Yes

Accounts & Meters

# Sewer Accounts: Yes
# Water Meters: Yes
# Electric Meters: 3

Appliances

Dryer: Yes
Refrigerator: Yes
Washer: Yes

Cooling

Central Air: Yes

Waterfront

None: Yes

Electric

Other Electric: Yes

Waterview

No Waterview: Yes

Floor

Other: Yes

Interior Features

Drapes/Blinds Incl: Yes
Furnished: Yes
Laundry Room: Yes
Window Treatments: Yes

Windows/Doors

Other Windows/Doors: Yes

Vehicle Storage

Guest Parking: Yes
Common Parking: Yes
Off Street Parking: Yes

Construction

CBS: Yes
Combo Construction: Yes
Frame: Yes
Manufactured: Yes

Land Size

1/2 - Less Than 1 AC: Yes

Terms

Buyer Obtain Finance: Yes
Seller Finance Psble: Yes

Utilities

FKAA: Yes
Municipal Sewer: Yes

Title

Negotiable: Yes

Property Rights

Transient License: Yes

Miscellaneous

Chickee Hut: Yes
Fencing: Yes
Manager on Premises: Yes
Storage: Yes

Roof

Metal Roof: Yes
Other Roof: Yes

Tenant Paid

Tnt Pays No Utils: Yes

Property Features

License Info: 2-Cop (Beer & Wine) Property Info: License Included Type: Hotel/Motel; Restaurant Waterfront: None Waterview: No Waterview Dockage: Dock Privileges; None Vehicle Storage: Common Parking; Guest Parking; Off Street Parking Cooling: Central Air Utilities: FKAA; Municipal Sewer Interior Features: Drapes/Blinds Incl; Furnished; Laundry Room; Window Treatments Appliances: Dryer; Refrigerator; Washer Miscellaneous: Chickee Hut; Fencing; Manager on Premises; Storage Construction: CBS; Combo Construction; Frame; Manufactured Electric: Other Electric Floor: Other Roof: Metal Roof; Other Roof Land Size: 1/2 - Less Than 1 AC Fee Includes: None Terms: Buyer Obtain Finance; Seller Finance Psble Title: Negotiable Tenant Paid: Tnt Pays No Utils Property Rights: Transient License

Listing Office: RE/MAX Keys Connection (KW)

Last Updated: September - 16 - 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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