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Three-Residence Waterfront Rental Property
For Sale
$11,000,000

2394 Coco Plum Drive, Marathon, FL 33050

COMMERCIAL - Marathon, FL

Property Size12,198 SF
Price / SF$901.79
Days on Market454

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 3, Bedroom 16, Bedroom 11, Bedroom 14, Bathroom 6, Bathroom 2, Bedroom 6, Bathroom 4, Bedroom 2, Bathroom 7, Bathroom 21, Bathroom 11, Bathroom 18, Bathroom 9, Bathroom 13, Bedroom 18, Bathroom 20, Bedroom 12, Bedroom 9, Bathroom 8, Bedroom 10, Bedroom 4, Bathroom 16, Bathroom 1, Bathroom 10, Bathroom 19, Bedroom 17, Bathroom 15, Bathroom 17, Bedroom 5, Bedroom 7, Bathroom 12, Bathroom 3, Bedroom 13, Bathroom 5, Bedroom 8, Bathroom 14, Bedroom 1, Bedroom 15
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
balconies

Building Details

Year built 2019
Floors in Building 3
Number of units 3
Flooring type Tile, Combo, Carpet
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: Aug 4 Last Checked: Aug 17 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 2019-built short-term rental property comprises three separate residences, each offering 4,066 square feet, 6 bedrooms, and 6.5 bathrooms. The homes include open living areas, balconies, custom millwork, designer fixtures, impact windows and doors, central air conditioning, oversized laundry rooms, walk-in pantries, and extensive storage. Furnishings and appliances are included, with CBS construction, metal roofing, tile and carpet flooring, and three air-conditioning units serving each residence.

The property sits on Coco Plum Drive in Marathon, Florida, near Coco Plum Beach and the Atlantic Ocean. Each home has a private pool, tiki hut, and dock with deepwater access to the ocean. RM - Residential Medium zoning supports weekly rentals, providing a defined short-term rental use for the three-residence configuration.

Key Highlights

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

Property Analytics

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

Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Short term rental property - Waterfront compound with private pools, docks, furnished interiors, and zoning that supports weekly rentals.
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; 2019 construction with CBS materials, metal roofs, impact windows, and impact doors; Each residence includes a private pool, tiki hut, and dock with deepwater direct ocean access
More about this property
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