$8,750,000
Marathon, FL 33050
MLS# 618856
1 / 22
Property Description
Waterfront motel and marina property in Marathon offered with thirteen transferable transient building rights, highway frontage, and redevelopment potential. Sea Cove is located on Overseas Highway with approximately 200 feet of US-1 frontage, more than two acres of buildable uplands, and additional bay bottom ownership. The property has a long history of marina and lodging use and includes an existing boat ramp with direct boating access. The site has historically supported motel operations, marina services, and small retail activity. The offering includes the real estate together with thirteen transferable transient building rights that allow nightly rental use within the City of Marathon, subject to zoning and City approval if relocated. Previous planning and engineering work studied redevelopment of the site as a marina focused project. Concept plans illustrate a dry boat storage structure of approximately 33,000 square feet accommodating roughly 150 dry racks together with approximately 30 wet slips. Prior discussions have also included extended dockage approaching 550 feet and potential marina services including fueling facilities, subject to required approvals. The site includes significant waterfront area together with bay bottom ownership that has historically supported dockage and marina activity. Showings by appointment only. Please do not visit the property or speak with employees without listing agent present.
Details
Maps
Contract Information
Listing Board: Marathon/Lower Keys
Limited Representation: No
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
Species List: Yes
Current Price: $8,750,000
Listing Date: 2026-02-28
List Price: $8,750,000
Location, Tax & Legal
City: MARATHON
Off Shore Island: No
Mile Marker: 54
Marathon Neighborhood: Coco Plum
Side: Ocean
Flood Zone: AE
Alternate Key #: 1444731
Parcel #: 00362650000000
Zoning: MU - Mixed Use Commercial Mixed Use
Legal: Lot 1 & Adj Bay Btm & Pt Lot 1 (1.15Ac) Driftwood Estates Pb2-132 Fat Deer Key Or82-148(Ii Deed 21418) Or460-462/463 Or8
Taxes: 19477
Tax Year: 2025
Street #: 12685
Street Name: Overseas
Street Suffix: Highway
Key/Island: Marathon
State/Province: FL
Zip Code: 33050
Subdivision: Driftwood Estates (54.0)
County: Monroe
Area: 18 - East of Holiday Inn US #1 & Coco Plum
General Property Description
Realtor.COM Type: Commercial
Waterfront: Yes
Control Depth: 5
Lot Size: X
Lot SqFt: 104485
Total Units: 13
Off Street Parking: Yes
# Stories: 1
SqFt Source: Property Data Card
Total # Buildings: 4
Building SqFt: 5735
Style: Commercial
Year Built: 1957
Remarks & Misc
Remarks – Consumer: Waterfront motel and marina property in Marathon offered with thirteen transferable transient building rights, highway frontage, and redevelopment potential.
Sea Cove is located on Overseas Highway with approximately 200 feet of US-1 frontage, more than two acres of buildable uplands, and additional bay bottom ownership. The property has a long history of marina and lodging use and includes an existing boat ramp with direct boating access. The site has historically supported motel operations, marina services, and small retail activity.
The offering includes the real estate together with thirteen transferable transient building rights that allow nightly rental use within the City of Marathon, subject to zoning and City approval if relocated.
Previous planning and engineering work studied redevelopment of the site as a marina focused project. Concept plans illustrate a dry boat storage structure of approximately 33,000 square feet accommodating roughly 150 dry racks together with approximately 30 wet slips. Prior discussions have also included extended dockage approaching 550 feet and potential marina services including fueling facilities, subject to required approvals.
The site includes significant waterfront area together with bay bottom ownership that has historically supported dockage and marina activity.
Showings by appointment only. Please do not visit the property or speak with employees without listing agent present.
Directions: US-1 to Mile Marker 54 in Marathon. Property is on the ocean side of Overseas Highway near Coco Plum. Look for Sea Cove Marina. Do not enter property without appointment.
Deed Restrictions
No: 1
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
License Info
# of Transient Licns: 13
Type
Boat Sales/Service: 1
Hotel/Motel: 1
Marina: 1
Retail: 1
Other Services: 1
Fee Includes
None: 1
Misc Property Info
Recorded Plat: Yes
Unrecorded Plat: No
Dockage
Basin: 1
Boat Ramp: 1
Boat Slip: 1
Appliances
No Appliances: 1
Waterfront
Open Water: 1
Waterview
Harbor/Marina View: 1
Open Water View: 1
Vehicle Storage
Guest Parking: 1
Common Parking: 1
Off Street Parking: 1
Trailer Storage: 1
Construction
CBS: 1
Land Size
2 Less Than 5 Acres: 1
Terms
Buyer Obtain Finance: 1
Private Financing: 1
Seller Finance Psble: 1
Other Financing: 1
Utilities
Buyer to Verify: 1
FKAA: 1
Municipal Sewer: 1
Title
Negotiable: 1
Property Rights
Multi-Use/Commercial: 1
Transient License: 1
Miscellaneous
High Traffc Location: 1
High Visibility: 1
Highway Frontage: 1
Open Water View: 1
Utility Building: 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Status: Active
Property Features
Deed Restrictions: No
Type: Boat Sales/Service; Hotel/Motel; Marina; Retail; Other Services
Waterfront: Open Water
Waterview: Harbor/Marina View; Open Water View
Dockage: Basin; Boat Ramp; Boat Slip
Vehicle Storage: Common Parking; Guest Parking; Off Street Parking; Trailer Storage
Utilities: Buyer to Verify; FKAA; Municipal Sewer
Appliances: No Appliances
Miscellaneous: High Traffc Location; High Visibility; Highway Frontage; Open Water View; Utility Building
Construction: CBS
Land Size: 2 Less Than 5 Acres
Fee Includes: None
Terms: Buyer Obtain Finance; Private Financing; Seller Finance Psble; Other Financing
Title: Negotiable
Property Rights: Multi-Use/Commercial; Transient License
Listing Office: Keys Ocean Realty Inc.
Last Updated: February - 28 - 2026
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.