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Waterfront Rental Homes Compound
For Sale
$11,000,000
Pending

2394 Coco Plum Drive, Marathon, FL 33050

Three professionally built waterfront residences with private pools and docks, zoned for weekly rentals.

Property SizeContact for details
Days on Market43

Property Features for 2394 Coco Plum Drive

General Information

Standard status Pending
Zoning RM - Residential Medium

Taxes and HOA fees

Annual Taxes $47,825

Building Details

Year Built 2019
Buildings 3
Stories 3
Listing Agency: Berkshire Hathaway HomeServices Keys Real Estate - Islamorada
Listed By: Kelsey Caputo - Frins · License #3422202
Source: Laerrealty
Added: Jul 6 Changed: Aug 14 Last Checked: Aug 14 at 7:10AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices Keys Real Estate - Islamorada

Investment Insights

Based on property information with market context.

This for-sale waterfront compound consists of three designer residences built in 2019 and presented as a unified offering. Each home is configured with multiple bedrooms and bathrooms, along with furnished interiors and features including impact windows and doors. Every residence also includes its own private pool, tiki hut, and dock, with deepwater and direct ocean access.

The property is located just steps from Coco Plum Beach and the Atlantic Ocean. The offering is presented as zoned for weekly rentals, supporting short-term rental use.

For day-to-day functionality, each residence includes three air conditioning units and includes design elements such as balconies, open-concept living areas, and privacy-focused outdoor and dock amenities. The interiors also include custom millwork and designer fixtures, with additional in-home storage and a walk-in pantry.

Key Highlights

  • Three designer waterfront residences built in 2019 on one parcel, steps from Coco Plum Beach and the Atlantic Ocean
  • Each residence offers about 4,066 SF with 6 bedrooms and 6.5 bathrooms, plus custom millwork and designer fixtures
  • Private outdoor amenities per home: pool, tiki hut, and a dock with deepwater and 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.

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
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Frequently Asked Questions

What type of property is this?
Short term rental property - Three professionally built waterfront residences with private pools and docks, zoned for 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 designer waterfront residences built in 2019 on one parcel, steps from Coco Plum Beach and the Atlantic Ocean; Each residence offers about 4,066 SF with 6 bedrooms and 6.5 bathrooms, plus custom millwork and designer fixtures; Private outdoor amenities per home: pool, tiki hut, and a dock with deepwater and direct ocean access
More about this property
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