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Wade M. Berlin

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12685 Overseas Highway
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PRICED AT ONLY: $8,750,000

Address: 12685 Overseas Highway, MARATHON, FL 33050

Description

Waterfront motel and marina property in Marathon offered with thirteen transferable transient building rights, highway frontage, and redevelopment potential.Sea Cove is located on Overseas Highway with approximately 200 feet of US 1 frontage, more than two acres of buildable uplands, and additional bay bottom ownership. The property has a long history of marina and lodging use and includes an existing boat ramp with direct boating access. The site has historically supported motel operations, marina services, and small retail activity.The offering includes the real estate together with thirteen transferable transient building rights that allow nightly rental use within the City of Marathon, subject to zoning and City approval if relocated.Previous planning and engineering work studied redevelopment of the site as a marina focused project. Concept plans illustrate a dry boat storage structure of approximately 33,000 square feet accommodating roughly 150 dry racks together with approximately 30 wet slips. Prior discussions have also included extended dockage approaching 550 feet and potential marina services including fueling facilities, subject to required approvals.The site includes significant waterfront area together with bay bottom ownership that has historically supported dockage and marina activity.Showings by appointment only. Please do not visit the property or speak with employees without listing agent present.
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  • MLS#: 618856 ( Hotel/Motel,Other Services,Retail,Boat Sales/Service,Marina )
  • Street Address: 12685 Overseas Highway
  • Viewed: 1
  • Price: $8,750,000
  • Price sqft: $0
  • Waterfront: No
  • Waterfront Type: Open Water
  • Year Built: 1957
  • Bldg sqft: 0
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Features
Building and Construction
  • Construction: CBS
  • Net Leasable Area: 0.00
  • Num Stories: 1.0
  • Sqft Source: Property Data Card
  • Total Number Of Units: 13.00
Property Information
  • Property Group Id: 19990816212135227274000000
  • Property Rights: Transient License, Multi-Use/Commercial
Garage and Parking
  • Vehicle Storage: Common Parking, Trailer Storage, Off Street Parking, Guest Parking
Eco-Communities
  • Off Shore Island: No
  • Water View: Open Water View, Harbor/Marina View
Utilities
  • Utilities: FKAA, Buyer to Verify, Municipal Sewer
Finance and Tax Information
  • Fee Includes: None
  • Tax Year: 2025
Other Features
  • Alternate Key Num: 1444731
  • Appliances: No Appliances
  • As Is Rght To Inspct: Yes
  • Association Info 1st Right Of Refusal: No
  • Association Info Mandatory Home Owners Asc: No
  • Deed Restrictions: No
  • Dockage: Boat Ramp, Basin, Boat Slip
  • Flood Zone: AE
  • Legal Description: Lot 1 & Adj Bay Btm & Pt Lot 1 (1.15Ac) Driftwood Estates Pb2-132 Fat Deer Key Or82-148(Ii Deed 21418) Or460-462/463 Or8
  • Mile Marker: 54.00
  • Misc Property Info Recorded Plat: Yes
  • Misc Property Info Unrecorded Plat: No
  • Miscellaneous: Utility Building, Open Water View, Highway Frontage, High Visibility, High Traffc Location
  • Parcel Num: 00362650000000
  • Side: Ocean
  • Species List: Yes
  • Style: Commercial
  • Year Established: 0000-00-00
  • Zoning: MU - Mixed Use Commercial Mixed Use
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Contact Info

  1. The Real Estate Professional You Deserve
  2. Mobile: 904.248.9848
  3. phoenixwade@gmail.com
Wade M. Berlin