1240 Overseas Highway Marathon, FL 33050
Apartment 3 or more,Bar,Marina,Restaurant - Marathon, FL
- Added:
- Dec 26, 2025
- Days on Market:
- 123
- Last Refresh:
- Apr 28 at 4:06 pm
Property Features for 1240 Overseas Highway
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- MU - Mixed Use Commercial Mixed Use
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
- Appliances
- Dishwasher, Range, Refrigerator, Washer
- Standard status
- Active
- APN
- 00101720-000000
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 12445.44
Utilities
- Water front features
- Waterfront
- Water front
- 1
Building Details
- Year built
- 1976
- Floors in Building
- 1
- Number of units
- 1
- Architectural style
- Other
Listing agent Elizabeth Jolin License #3502927 (305) 393-0994
Listing office Coldwell Banker Schmitt Islamorada 85990 Overseas Highway, ISLAMORADA, FL (305) 664-4470
Listing date Dec 26, 2025
MLS# 616244
Listing URL
Copyright © 2026 Florida Keys Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Overview
Waterfront Restaurant with Development Potential
This multi-parcel package in Marathon, FL, features an iconic waterfront restaurant, a residential property, development rights, and dockage. The property at 1240 Overseas Hwy is home to the renowned 7 Mile Grill, which has been serving home-style cooking with island style since 1954. The historic restaurant operates with a transferable beer and wine license and serves breakfast, lunch, and dinner. The parcel includes an additional development right for a single-family home, which currently supports added income from a jet ski rental business and an ice cream truck. A state-issued submerged land lease transfers with the sale, ensuring valuable waterfront access to 149' of dockage. Also included in the sale is a 4-bedroom, 1-bath home located at the adjoining 1230 Overseas Hwy. This bonus parcel is suitable for employee housing, an owner's residence, or future redevelopment. With high-visibility US1 frontage at the head of the Seven Mile Bridge, this property offers exceptional exposure and multiple revenue streams. The property is zoned MU - Mixed Use Commercial Mixed Use. Buyers can continue successful operations as-is or explore reconfiguration and redevelopment options to unlock the full potential of this unmatched offering.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
7 Mile Grill
Restaurant
Big Kahuna Water ...
(Bike/Boat/Book/etc) Store
Shiver Me Timbers
Grocery & Convenience Store
Similar Places Nearby
- FarmASea Charcuterie Boards — 1215 97th St, Marathon, FL 33050
Location Insight
- Map
- Local Demand
- City
- Marathon
- County
- Monroe
- State
- Florida
- Longitude
- -81.112027
- Latitude
- 24.708475
Nearby Similar for Sale
FAQs
What type of property is this?
Restaurant - Iconic restaurant with residential property, development rights, and dockage.
Where is this restaurant located?
The property is located at 1240 Overseas Highway Marathon, FL.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: Iconic waterfront restaurant (7 Mile Grill) with transferable beer and wine license.; Multiple income streams: restaurant, jet ski rentals, ice cream truck.; Includes a 4‑bedroom residential home suitable for owner or employee housing.
