About 8700 Overseas Highway
Seller is calling for offers...Attention Developers!!!....Direct oceanfront development opportunity located in the Economic Opportunity Zone in the Middle Keys. 1.67 acres with concrete seawall in place for (5) 30' dock spaces and (5) 30'-40' T-Docks are in permitting. Development agreement in place with the City of Marathon for (10) single family villas with (10) building entitlements in hand to start building today. Villas are concrete construction, four bedroom, there and a half bathrooms, 2,643 sf under air, impact windows/doors, metal roofs, open porches, roof top deck, elevator, private pools and assigned docks. This property features a protected boat basin with six lots and four oceanfront point lots with direct open ocean views and access. This rare, oceanfront parcel would make a fabulous private multi-family compound or build (10) vacation rental income producing villas and take advantage of the tax benefits from the EOZ.
Features of 8700 Overseas Highway
| MLS® # | 613755 |
|---|---|
| Price | $6,900,000 |
| Bathrooms | 0.00 |
| Type | Commercial |
| Sub-Type | Commercial |
| Status | Active |
Community Information
| Address | 8700 Overseas Highway |
|---|---|
| Area | 16 - Sombrero Bch Rd to Vaca Cut - Oceanside |
| Subdivision | Misc Marathon East O (52.0) |
| City | MARATHON |
| County | Monroe |
| State | FL |
| Zip Code | 33050 |
Amenities
| Utilities | FKAA, Separate Meters, Municipal Sewer |
|---|---|
| Parking | Covered Parking |
| View | Canal View, Ocean View, Open Water View |
| Is Waterfront | Yes |
| Waterfront | Oceanfront, Canal Front |
Interior
| Appliances | Dishwasher |
|---|---|
| Heating | Central Air |
Exterior
| Lot Description | 1 Less Than 2 Acres |
|---|---|
| Windows | Impact Rstnce Window, Impact Rstnce Doors |
| Roof | Metal Roof |
| Construction | CBS, Other, Concrete |
Additional Information
| Date Listed | February 17th, 2025 |
|---|---|
| Days on Market | 93 |
| Zoning | MU - Mixed Use Commercial Mixed Use |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Jo Ann Cook |
|---|---|
| Office | Ocean Sotheby's International Realty |