58234 Overseas Hwy Marathon, FL 33050
Property details
About 58234 Overseas Hwy
Unique 18,000 sq ft ocean front parcel with 5 units. Remember how the Key used to be? Parcel shares a boat ramp with adjacent parcel, owned bay bottom and 5 units recognized by the City of Marathon. The property contains a Triplex consisting of a 2/2 apt and two 1/1 apartments: a small cottage studio with 1 bath and a mobile home with 2 beds/1.5 baths. Triplex building sits directly on the Ocean and is currently undergoing spalling repairs. The property has been a vacation rental, but the vacation rental license is currently stopped while repairs are under way. Potential buyers have several options. The current density on RM zoning allows for two units should a prospective buyer wish to demolish the existing units, rebuild two units, and sell or retain the remaining 3 Transferable Building Rights. Letter of Determination is under the Documents Tab.
Highlights
Summary
- MLS Number: 612603
- MLS Name: Marathon
- Office Name: Coldwell Banker Schmitt Real Estate Co.
- Office Phone: (305) 743-5181
Information is deemed to be reliable, but is not guaranteed. © 2025 MLS. Based on information from the Marathon and Lower Keys Association of REALTORS®. The information on this sheet has been made available by the MLS and may not be the listing of the provider. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/13/2025, 9:15:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,500,000
58234 Overseas Hwy
$10,000
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
5
Stanley Switlik Elementary School
Public District PK-5
9.4 mi
•3400 Overseas Hwy
9
Big Pine Academy
Public Charter PK-5
26.3 mi
•30220 Overseas Hwy
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $95,000. Residents of Marathon, FL typically earn between $100k-200k each year. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.
This home is located at 58234 Overseas Hwy in Marathon, FL and zip code 33050. This 3,026 square foot home, which was built in 1975, sits on a 0.18 acre lot. Features: 7 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since February 20, 2025 and is currently priced at $1,500,000.
Marathon, FL housing market in February 2025 saw over 1 listings sold above listed price, more than 4 sold at listed price and over 21 sold below. The inventory of homes for sale in Marathon, FL between January and February 2025 increased by 14.7%. While the average time on the market in February 2025 was 99 days, the median list price was $954,312.