About 246 & 248 Pescayo Avenue
Ready to Build Your Dream Florida Keys Estate? This rare opportunity includes two large adjacent, cleared parcels, totaling 21,798 sq ft, in the heart of Marathon, already vested with a City of Marathon Market Rate Transferable Building Right, (TBR) -- meaning no wait, no red tape - start building immediately! Positioned on a deepwater canal with 7.9' controlling depth, this location is ideal for large vessels and offers quick access to the open Atlantic, while providing protected dockage in a serene setting. Enjoy views toward the ocean from this extraordinary site. Dock permits are pending, and the sale includes a full set of architectural plans for a luxury residence complete with a private pool and pickleball court--all crafted by a respected local engineering firm and ready for permitting submission. Renderings of the completed home bring the vision to life and are featured in the listing gallery. No guessing, no waiting--just groundbreaking luxury. Watch the video Create your personal Keys retreat today.
Features of 246 & 248 Pescayo Avenue
| MLS® # | 614973 |
|---|---|
| Price | $3,950,000 |
| Square Footage | 21,798 |
| Type | Vacant Land |
| Status | Active |
Community Information
| Address | 246 & 248 Pescayo Avenue |
|---|---|
| Area | 18 - East of Holiday Inn US #1 & Coco Plum |
| Subdivision | Coco Plum Beach (54.5) |
| City | MARATHON |
| County | Monroe |
| State | FL |
| Zip Code | 33050 |
Amenities
| Amenities | Beach |
|---|---|
| View | Ocean View, Harbor/Marina View |
| Is Waterfront | Yes |
| Waterfront | Canal Front |
Interior
| Has Basement | No |
|---|
Exterior
| Lot Description | 1/4 - 1/2 Acre |
|---|---|
| Neighborhood Features | Beach |
Additional Information
| Date Listed | May 10th, 2025 |
|---|---|
| Days on Market | 158 |
| Zoning | RH - Residential High |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Joshua James Mothner |
|---|---|
| Office | Coldwell Banker Schmitt Real Estate Co. |