58182 Overseas Hwy
Marathon, FL 33050
Grassy Flats Resort And Beach Club · Hospitality Property For Sale · 38 Rooms

Four oceanfront real estate parcels (over 2.75 acres) with a total of 38 transient rental licenses, 1 hotel, and an elevated single family home at MM58 in Grassy Key. The hotel has 11 of the transient licenses with a combination of 2 and 3 bedroom units. In 2017 the entire interior (and most of the exterior) was painted and the furnishings replaced. There are 3 pools, plenty of parking (some covered), 550 lineal feet of ocean front and direct access from US Hwy 1. Three of the parcels are contiguous and one (Alt 1454150) is two lots to the west. Being sold As Is this is one of those rare opportunities to do some developing in the Florida Keys and MU zoning allows for many uses including Retail, Recreational, Apartments, Institutional, Public Buildings, Storage, Vacation Rentals and more! The recently constructed (2000) elevated 10-unit suite hotel (made up of 8 two bedroom rooms and 2 three bedroom rooms for a total of 22 bedrooms) plus a 4 bedroom 2 bath oceanfront home is also perfect for a quick condominiumization as each unit is metered separately! The large property has an in-ground pool, 195 ft. of beach overlooking the Atlantic Ocean, separate office, laundry room, maintenance room, elevator, and covered parking. The name La Te Da by the Sea does not convey.