12685 Overseas Highway, Marathon, FL 33050 (MLS# 621748)

12685 Overseas Highway, Marathon, FL 33050

New Listing
$7,950,000
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 ...

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

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

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

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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