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Gulf-Front Multifamily Property
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58763 Overseas Highway, Marathon, FL 33050

Three-level waterfront property with decks, seawall access, and Residential Low zoning.

Property Size2,372 SF
Lot Size0.32 Acres
Days on Market145

Property Features for 58763 Overseas Highway

General Information

Standard status Active
Size 2,372 SF
Lot size 0.32 Acres
Property subtype Industrial, Land
Zoning Residential Low

Amenities

wood decks
seawall with steps to the water

Building Details

Buildings 1
Stories 3
Listing Agency: Coldwell Banker Commercial Schmitt Real Estate Company Marathon
Listed By: Brian Schmitt · License #FL
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 4:12AM

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 Coldwell Banker Commercial Schmitt Real Estate Company Marathon

Investment Insights

Based on property information with market context.

This gulf-front multifamily property includes three levels, with two living levels totaling 2372 square feet over a full basement. The improvements are handicap accessible and include 10 1/2 bathrooms, numerous beds, and wood decks oriented toward Florida Bay. The property has most recently operated as a dormitory.

Set on a 0.32-acre highway-to-bay parcel, the site is zoned Residential Low and carries 4 market-rate building rights. A seawall with steps provides access to the water. The property is next to Gulf View Resort, an adjoining property with 12 transient units that is also available.

Key Highlights

  • Gulf‑front multifamily property with 2372 sq ft of living area over a full basement
  • Three levels with 2 living levels and wood decks overlooking Florida Bay
  • 0.32 ac highway‑to‑bay parcel zoned Residential Low

Property Analytics

Current Use

Waterfront Land

Suggested Use

Top Pick Bakery Grocery & Convenience Store Real Estate Agency Fish Market Gym & Fitness Center Food Market

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

63
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
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Frequently Asked Questions

What type of property is this?
Multifamily property - Three-level waterfront property with decks, seawall access, and Residential Low zoning.
Where is this multifamily property located?
The property is located at 58763 Overseas Highway Marathon, FL.
What are key features of this property?
This property features: Gulf‑front multifamily property with 2372 sq ft of living area over a full basement; Three levels with 2 living levels and wood decks overlooking Florida Bay; 0.32 ac highway‑to‑bay parcel zoned Residential Low
More about this property
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