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57468-57478 Overseas Hwy - FL Keys 5.9± AC Oceanfront Development Site 5.9 Acres of Commercial Land in Marathon, FL 33050
Investment Highlights
- Prime Oceanfront Development Site at Grassy Key, Marathon Mile Marker 57.4
- 5 Miles to Marathon International Airport and 3 to 9 Miles to Multiple Health Care Facilities and Hospital
- Centrally Located 1 Hour to Key West and 2 Hours to Miami
- Large 5.9± Total AC Site Conditionally Approved for a 9 Duplex Development planned for 18 Luxury Units with 4 Bed, 3 Bath Floor Plans and 1,767± SF
- Rare Investment Opportunity to acquire an Oceanfront Site with Multiple Development Options
- Water, Sewer and Electric Utilities available to Site
Executive Summary
UNITED STATES BANKRUPTCY AUCTION
Accepting Stalking Horse Offers
Marathon Development Partners, LLC - Marathon, Florida
Deadline to Submit Stalking Horse Bid is on or before 5:00 PM EDT Monday, July 27th, 2026 | Auction Subject to Terms of Sale
Fisher Auction Company and Compass Florida / The Abella Group are pleased to present a Prime 5.9± Acre Oceanfront Development Site in the Heart of the Florida Keys located on Grassy Key, Marathon, Florida. The Site which has 370± Feet of Breathtaking Ocean Frontage is Conditionally Approved for a 9 Duplex Development planned for 18 Luxury Residential Units with 4 Bedroom, 3 Bathroom Floor Plans and 1,767± Square Feet.
Property highlights
- Prime Oceanfront Development Site at Grassy Key, Marathon Mile Marker 57.4
- Large 5.9±Total Acre Site Conditionally Approved for a 9 Duplex Development planned for 18 Luxury Residential Units with 4 Bedroom, 3 Bathroom Floor Plans and 1,767± SF
- 5 Miles to Marathon International Airport and 3 to 9 Miles to Multiple Health Care Facilities and Hospital
- Rare Investment Opportunity to acquire an Oceanfront Site with Multiple Development Options
- Centrally Located 1 Hour to Key West and 2 Hours to Miami
- Water, Sewer and Electric Utilities available to Site
- 370± Feet of Ocean Frontage with Breathtaking Atlantic Ocean Views
- Riparian Rights and Pre-Existing Dock may provide for easier Dock Permitting
- Don’t miss this Unique Opportunity to build on Marathon which is known for it’s Rich Maritime History and serves as The Central Hub for all of the Middle Keys
Accepting Stalking Horse Offers
Marathon Development Partners, LLC - Marathon, Florida
Deadline to Submit Stalking Horse Bid is on or before 5:00 PM EDT Monday, July 27th, 2026 | Auction Subject to Terms of Sale
Fisher Auction Company and Compass Florida / The Abella Group are pleased to present a Prime 5.9± Acre Oceanfront Development Site in the Heart of the Florida Keys located on Grassy Key, Marathon, Florida. The Site which has 370± Feet of Breathtaking Ocean Frontage is Conditionally Approved for a 9 Duplex Development planned for 18 Luxury Residential Units with 4 Bedroom, 3 Bathroom Floor Plans and 1,767± Square Feet.
Property highlights
- Prime Oceanfront Development Site at Grassy Key, Marathon Mile Marker 57.4
- Large 5.9±Total Acre Site Conditionally Approved for a 9 Duplex Development planned for 18 Luxury Residential Units with 4 Bedroom, 3 Bathroom Floor Plans and 1,767± SF
- 5 Miles to Marathon International Airport and 3 to 9 Miles to Multiple Health Care Facilities and Hospital
- Rare Investment Opportunity to acquire an Oceanfront Site with Multiple Development Options
- Centrally Located 1 Hour to Key West and 2 Hours to Miami
- Water, Sewer and Electric Utilities available to Site
- 370± Feet of Ocean Frontage with Breathtaking Atlantic Ocean Views
- Riparian Rights and Pre-Existing Dock may provide for easier Dock Permitting
- Don’t miss this Unique Opportunity to build on Marathon which is known for it’s Rich Maritime History and serves as The Central Hub for all of the Middle Keys
Property Facts
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 5.90 AC |
| Property Type | Land | No. Stories | 2 |
| Property Subtype | Commercial | ||
| Zoning | MU - Mixed Use / RL - Res | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 5.90 AC |
| No. Stories | 2 |
| Zoning | MU - Mixed Use / RL - Res |
1 Lot Available
Lot
| Lot Size | 5.90 AC |
| Lot Size | 5.90 AC |
1 1
Not walkable
10/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $61,469 | |
| Land Assessment | $2,711,506 | Total Assessment | $2,772,975 |
Property Taxes
Parcel Numbers
Land Assessment
$2,711,506
Improvements Assessment
$61,469
Total Assessment
$2,772,975
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