Active
8700 Overseas Highway
Marathon FL, 33050
$7,000,000
Active
Commercial
Attention Developers!!!....Direct oceanfront development opportunity located in the Economic Opportunity Zone in the Middle Keys. 1.67 acres with concrete seawall in place for (5) 30' dock spaces and (5) 30'-40' T-Docks are in permitting. Development agreement in place with the City of Marathon for (10) single family villas with (10) building entitlements in hand to start building today. Villas are concrete construction, four bedroom, 3.5 bath 2,643 sf under air, impact windows/doors/, metal roofs, open porches, roof top deck, elevator, private pools and assigned docks.This property features a protected boat basin with six lots and four oceanfront point lots with direct open ocean views and access. This rare, oceanfront parcel would make a fabulous private multi-family compound or build (10) vacation rental income producing villas and take advantage of the tax benefits from the EOZ.
613755
MLSⓇ ID
February 17, 2025
Listed
February 19, 2025
Updated
Interior Features
Interior Features
Impact Rstnce Window, Impact Rstnce Doors
Appliances
Dishwasher
Floor Description
Tile
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central, Electric
Exterior/Building Features
Lot Size
1.67 Acres
Lot Features
1 Less Than 2 Acres
Roof
Metal Roof
Other Property Details
Area Name
16 - Sombrero Bch Rd to Vaca Cut - Oceanside
Taxes
$10,957
Tax Frequency
Annually
Association Fee
Not Listed
Association Amenities
None
Garage
No
Parking
Covered Parking
View
Yes
View Description
Canal View, Ocean View, Open Water View
County
Monroe
Pool
No
Waterfront
Yes
Waterfront Features
Oceanfront, Canal Front
Utilities
FKAA, Separate Meters, Municipal Sewer
Zoning
MU - Mixed Use Commercial Mixed Use
Listed by Jo Ann Cook with Ocean Sotheby's International Realty
Listing Contact:
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Data last updated on 2/19/2025 at 10:52 PM UTC