, FL -
4 Beds, 4 Baths (full), Multi-Units
Position yourself at the gateway to one of the most sought after markets in the Keys. This prime multi-family complex offers not just immediate income potential, but long term upside with redevelopment or expansion. Property upland area is 39,500 sq. ft. lot, plus 0.46 acres of sensitive area in a high demand location with direct access to US-1/Overseas Highway. The property features two sturdy concrete block structures. The first building contains a three-bedroom, two-bathroom residence. The second building is designed as a duplex with two efficiency studio units, each with its own bathroom. This property has four residential property rights. Whether your vision is a multifamily expansion, a mixed use waterfront property, or a strategic land banking, this is a rare chance to own a contiguous property package in Marathon. Additional purchase opportunity to own the adjacent parcel and submerged land rights giving savvy buyers the ability to control and develop a larger footprint. Buy one. Add the rest. Control the block.
Listing Summary for
Price:
$2,200,000
Bedrooms:
4
Bathrooms:
4
Half Baths:
n/a
Square Footage:
3,017
Lot Sq. Ft.:
n/a
Year Built:
1950
Property Type:
Multi-family
Sub-Type:
Multi-Units
MLS® #:
615113
Status:
Active
Address:
City:
State:
FL
Zip:
33050
County:
Monroe
Key:
Marathon
Side of Island:
Ocean
Community:
Driftwood Estates
Mile Marker:
54.00
Tax Year:
2024
Date Listed:
05-21-2025
Additional Information
Is Waterfront:
Yes
Waterfront Type:
Oceanfront,Open Water
View
Ocean View,Harbor/Marina View,Open Water View
Has Pool:
No
Pool Info:
n/a
Short Sale:
n/a
Foreclosure:
n/a
Pets:
Pets Allowed
Docakge Type:
None
Dockage Length:
n/a
Dockage Seawall:
n/a
Dockage Construction:
n/a
Security:
n/a
Building Construction:
Concrete
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The information being provided by the Florida Keys MLS is exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. The MLS data provided for the property above (615113) is provided courtesy of (Engel & Volkers Marathon). Data last updated on 06-03-2025.
