4 Beds
5 Baths
3,017 SqFt
4 Beds
5 Baths
3,017 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi-Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,017 sqft
Price per Sqft $1,192
Subdivision Driftwood Estates (54.0)
MLS Listing ID 621729
Bedrooms 4
Full Baths 4
Half Baths 1
HOA Y/N No
Year Built 1973
Annual Tax Amount $12,231
Tax Year 2025
Lot Size 3.691 Acres
Acres 1.47
Lot Dimensions X
Property Sub-Type Multi-Units
Land Area 3017
Property Description
Mixed Use (MU) zoning allows for a wide range of future possibilities, including commercial, residential, storage facility, marina-related use, workforce housing, market-rate housing, or potential subdivision into multiple parcels. Current zoning allows up to 6 market-rate units per acre or up to 15 affordable units per acre, buyer to verify per City of Marathon.
The property offers approximately 216 feet of highway frontage, plus additional east-side access through an access easement, creating multiple entry points and flexibility for future site planning. A neighboring gas station adds convenience and commercial synergy for future development concepts.
A unique feature is the sleeper asset of this property which is ownership/control of bay bottom extending behind approximately 12 lots along Cocoplum Drive, creating potential value tied to dockage, marina concepts, water access, assemblage opportunities, or long-term redevelopment.
Deep-water access, good depth, multiple boating configurations, and proximity to the marked channel entrance add to the site's appeal. Large mixed-use tracts with water access and verified building rights are increasingly rare in the Florida Keys, making this a strong opportunity for an investor, developer, marina operator, or long-term land holder.
Seller states property will be delivered vacant and free of personal belongings before closing. Buyer to verify zoning, density, building rights, permitted uses, dockage, water depth, access easements, permitting, and development potential.
Location
State FL
County Monroe
Community Bike Paths, Beach, Airport/Runway
Area 18 - East Of Holiday Inn Us #1 & Coco Plum
Zoning MU - Mixed Use Commercial Mixed Use
Direction From Overseas Hwy/US-1, proceed to MM 54 in Marathon. Use the nearby entrance at 13755 Overseas Hwy to access the property area, then follow through to 13759 Overseas Hwy.
Interior
Cooling Wall/Window Unit(s), Central Air, Ceiling Fans(s)
Appliance Range, Refrigerator
Exterior
Parking Features Guest, Off Street
Community Features Bike Paths, Beach, Airport/Runway
Utilities Available FKAA, Municipal Sewer
Waterfront Description Open Water
Garage No
Private Pool No
Others
HOA Fee Include None
Tax ID 00362670000000
Pets Allowed Yes
Virtual Tour https://idx.paradym.com/idx/4986016