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    8700 Overseas Hwy Marathon, FL 33050

    For Sale
    $6,900,000

    Other Services - Marathon, FL

    Days on Market:
    254
    Last Refresh:
    Dec 13 at 8:06 pm

    Property Features for 8700 Overseas Hwy

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MU - Mixed Use Commercial Mixed Use
    APN
    00101050-000100
    Parking features
    Covered
    Appliances
    Dishwasher, Washer

    Utilities

    Water front features
    Canal Front, Oceanfront, Waterfront
    Water front
    1

    Building Details

    Flooring type
    Tile
    Building materials
    Concrete, Other
    Roof type
    Metal
    Architectural style
    Other

    Ocean Sotheby's International Realty (305) 735-4095 [email protected]

    Listing agent Jo Ann Cook (305) 735-4447 License #3330898

    Listing date Apr 4, 2025

    MLS# 613755 Listing URL

    Copyright © 2025 Marathon and Lower Keys Association 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

    Oceanfront Development Opportunity in Marathon

    This 1.67-acre oceanfront development opportunity is located in an Economic Opportunity Zone in the Middle Keys. It features a concrete seawall already in place, with permitting underway for five 30-foot dock spaces and five 30 to 40-foot T-docks. A development agreement is in place with the City of Marathon for ten single-family villas, and ten building entitlements are in hand, allowing for immediate construction. The planned villas are of concrete construction, featuring four bedrooms, three and a half bathrooms, and 2,643 square feet of air-conditioned space. Additional features include impact windows and doors, metal roofs, open porches, a rooftop deck, an elevator, private pools, and assigned docks. The property includes a protected boat basin with six lots and four oceanfront point lots offering direct ocean views and access. This parcel is zoned MU - Mixed Use Commercial Mixed Use. This property could be suitable as a private multi-family compound or for building ten vacation rental income-producing villas, potentially benefiting from tax advantages within the Economic Opportunity Zone.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Seaward Landing Apartment Complex

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Marathon
    County
    Monroe
    State
    Florida
    Longitude
    -81.052839
    Latitude
    24.722873

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    FAQs

    What type of property is this?
    Commercial land - 1.67 acres with entitlements for 10 villas in Marathon.
    Where is this commercial land located?
    The property is located at 8700 Overseas Hwy Marathon, FL.
    What is the asking price?
    The asking price for this property is $6,900,000.
    What are key features of this property?
    This property features: - Direct oceanfront development opportunity in an Economic Opportunity Zone (EOZ) offering tax benefits.; - Includes development agreement with the City of Marathon for (10) single family villas and (10) building entitlements in hand.; - Concrete seawall in place for (5) 30' dock spaces and (5) 30'-40' T-Docks are in permitting.
    (305) 735-4447
    Request Owner's contact information
    8700 Overseas Hwy Marathon, FL 33050
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8700 Overseas Hwy Marathon, FL 33050
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