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Lot/land
  • Price cut: $3.5M (7/8)
    $7,000,000

    57478 Overseas Hwy #0, Marathon, FL 33050

    --beds
    0baths
    2.37Acres
    Unimproved Land
    Built in ----
    2.37 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Tranquil beachesIconic turquoise watersVibrant coral reefs
    'United States Bankruptcy Auction. The Listing Price is for MLS Purposes only. Actual Price will be determined at Auction. Now Accepting Pre-Auction Stalking Horse Bids. The Stalking Horse Bid Deadline is Monday, July 27, 2026, at 5:00 PM EDT' https://www.dropbox.com/scl/fo/6zvlde9vkafsi4gyurrge/AFbZzVpEx4s1umkeSKne1Us?rlkey=9ejdq1stq5w01ifjwsdhdrzyh&st=nzppom5j&dl=0 Rare oceanfront development opportunity in the heart of the Florida Keys. Encompassing nearly 6 acres of pristine oceanfront land in Grassy Key, this exceptional parcel presents an ideal canvas for developers seeking to create luxury residential units with direct oceanfront and beach access. Surrounded by unspoiled natural beauty and tranquil beaches, the property offers immediate proximity to shopping, fine dining, spas, marinas, and world-class boating. Residents will enjoy unparalleled access to deep-sea fishing, scuba diving, snorkeling, and vibrant coral reefs, all set against the backdrop of the Keys' iconic turquoise waters. Located in Marathon, often referred to as the Heart of the Florida Keys, the site benefits from a highly desirable central Keys location, conveniently positioned between the Upper Keysâ€''such as Islamoradaâ€''and the Lower Keys, including Key West. Marathon is known for its rich maritime history, local airport, and accessibility, serving as a central hub comprising islands such as Vaca Key, Duck Key, and Grassy Key. A truly rare offering combining scale, location, and oceanfront presenceâ€''an exceptional opportunity to develop a legacy project in one of Florida's most coveted coastal destinations. Please read the broker's remarks for detailed information on this offering.
    151 days
    |
    387
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    14
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    Zillow last checked:

    Listing updated:

    Listed by:

    Iliana Abella 305-505-0488,

    Compass Florida - Miami Beach

    Source: FLKMLS,MLS#: 618926MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bathrooms: 0

      Property

      Features
      • On waterfront: Yes
      Lot
      • Size: 2.37 Acres
      Details
      • Additional parcels included: 00374660-000000
      • Parcel number: 00374660000000
      • Zoning: MU - Mixed Use Commercial Mixed Use

      Community & HOA

      Community
      • Subdivision: Crains Sub (58.0)
      HOA
      • Has HOA: No
      Location
      • Region: Marathon

      Financial & listing details

      • Annual tax amount: $6,342
      • Date on market: 3/5/2026

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/8/2026Price change$7,000,000-33.3%
        Source: Key West AOR #618926 Report a problem
        3/12/2026Price change$10,500,000-8.7%
        Source: FLKMLS #618926 Report a problem
        3/5/2026Listed for sale$11,500,000
        Source: FLKMLS #618926 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 33050

        Getting around

        5 / 100
        Car-Dependent
        51 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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