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Three-Residence Waterfront Short-Term Rental
For Sale
$11,000,000

2394 Coco Plum Drive, Marathon, FL 33050

Commercial Sale, Marathon, FL

Property SizeContact for details
Days on Market500

Property Features for 2394 Coco Plum Drive

General Information

Property type Commercial Sale
Property subtype Other
Zoning RM - Residential Medium
Bedrooms 18
Bathrooms 20
Full bathrooms 18
Half bathrooms 3
Rooms Bedroom 18, Bedroom 14, Bathroom 2, Bedroom 12, Bathroom 13, Bathroom 17, Bathroom 15, Bathroom 7, Bedroom 2, Bathroom 3, Bathroom 6, Bathroom 21, Bedroom 15, Bedroom 11, Bathroom 4, Bedroom 3, Bathroom 10, Bedroom 7, Bedroom 4, Bathroom 19, Bathroom 8, Bathroom 14, Bedroom 6, Bedroom 17, Bedroom 9, Bedroom 1, Bathroom 16, Bathroom 20, Bedroom 10, Bedroom 8, Bedroom 13, Bathroom 12, Bathroom 18, Bathroom 9, Bedroom 5, Bathroom 1, Bathroom 11, Bedroom 16, Bathroom 5
Appliances Refrigerator, Range, Washer, Dryer, Dishwasher
Subdivision Coco Plum (54.6)
View Ocean
Standard status Active
APN 00366031-000100

Taxes and HOA fees

Tax Year 2024
Tax Description BK 20 LT 1-A AND WLY 75FT OF CANAL LYING NLY AND CONTIGUOUS COCO PLUM BEACH RE-PLAT 1 PB7-68
Tax Annual Amount 47825
Legal Description BK 20 LT 1-A AND WLY 75FT OF CANAL LYING NLY AND CONTIGUOUS COCO PLUM BEACH RE-PLAT 1 PB7-68

Utilities

Cooling system Central Air
Water front 1

Amenities

private pool
tiki hut
dock
impact windows and doors
balconies
oversized laundry room
walk-in pantry

Building Details

Year built 2019
Floors in Building 3
Number of units 3
Flooring type Carpet, Tile, Combo
Building materials CBS
Roof type Metal
Listing Agency: Berkshire Hathaway HomeServices Keys Real Estate - Islamorada
Listed By: Kelsey Caputo - Frins · License #3422202
Added: May 21, 2025 Changed: Sep 12 Last Checked: Oct 2 at 4:06AM
MLS# 615102

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.

Investment Insights

Based on property information with market context.

This waterfront property comprises three residences completed in 2019, with each home offering 4,066 square feet, 6 bedrooms, and 6.5 bathrooms. The homes feature open living areas, balconies, custom millwork, designer fixtures, furnished interiors, impact windows and doors, and three air-conditioning units per residence. Each residence also includes a private pool, tiki hut, dock, oversized laundry room, walk-in pantry, and storage on every level. CBS construction, metal roofs, central air, tile and carpet flooring, and a full appliance package are included.

The property is located at 2394 Coco Plum Drive in Marathon, near Coco Plum Beach and the Atlantic Ocean. Its docks provide deepwater and direct ocean access, while RM - Residential Medium zoning supports the stated weekly-rental use. The three-home configuration also includes en-suite accommodations and separate outdoor amenities for each residence.

Key Highlights

  • Three residences, each measuring 4,066 square feet with 6 bedrooms and 6.5 bathrooms
  • Built in 2019 with CBS construction, metal roofs, impact windows, and impact doors
  • Each residence includes a private pool, tiki hut, and dock with deepwater and direct ocean access

Property Analytics

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Current Use

Coco Plum Trio Vacation Rental

Suggested Use

Top Pick Travel Agency Bed & Breakfast Hotel & Motel Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

20
Businesses Nearby

Demographics for 33050, FL

10,479
Population
7,314
Households
1.4
Avg Household Size
50
Median Age
34%
College-Educated
90%
High-School Grad
9.1 sq mi
ZIP Area
1,152
Density / Sq Mi
$83,243
Median Household Income
$40,006
Median Earnings
$1,611
Median Rent
$705,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Short term rental property - Waterfront compound with private pools, docks, and weekly-rental zoning near Coco Plum Beach.
Where is this short term rental property located?
The property is located at 2394 Coco Plum Drive Marathon, FL.
What is the asking price?
The asking price for this property is $11,000,000.
What are key features of this property?
This property features: Three residences, each measuring 4,066 square feet with 6 bedrooms and 6.5 bathrooms; Built in 2019 with CBS construction, metal roofs, impact windows, and impact doors; Each residence includes a private pool, tiki hut, and dock with deepwater and direct ocean access
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