2264 Overseas Hwy #1-8, Marathon, FL 33050 (MLS# R10676029)

2264 Overseas Hwy #1-8, Marathon, FL 33050

$8,650,000
Property Type: Residential Bedrooms: 32 Baths: 24 Square Footage: 23,680 Lot Size (sq. ft.): 60,113 Status: Closed
Current Price: $8,650,000 List Date: 11/03/2021 Last Modified: 1/13/2026

Overview

Description

Built in 2018, turnkey waterfront vacation rental development comprised of eight single family houses, each with four bedrooms and three full bathrooms built to current windstorm standards. Each home is designed for guests to enjoy their own private pool, laundry, outdoor grill area, covered parking and balconies. Excellent rental history and future bookings with tremendous growth opportunity. This vacation rental compound was built to maximize income and minimize overhead. Guests can enjoy the community beach, docks, tiki hut, fish cleaning station, plus nearby amenities including tons of dining options such as Florida Keys Steak and Lobster House, major food and home shopping chains, two major marinas and Marathon Airport.

Supplements: Monthly rental rates average $12,400/mo for units 1-5 and $16,500/mo for units 6-8. Marathon is a 10-mile-long island community conveniently situated in the middle of the Keys island chain, comprised mainly of Vaca Key, Fat Deer Key and Grassy Key. Residents, snowbirds and visitors enjoy Marathon's fishing heritage, an old-Keys lifestyle and seafar ...

Listing Details MLS# R10676029

General Property Information

Number Of Units In Community
8
Total Units In Building
Yes
Property Sub Type
Single Family Residence
Bedrooms Total
32
Bathrooms Total
24
Bathrooms Full
24
Building Area Main
23680
Building Area Source
Appraiser
Living Area Main
11804
Year Built
2018
Carport YN
Yes
Attached Carport YN
Yes
Carport Spaces
16
Covered Spaces
16
Gated Community YN
No
Lot Size Area
60306
Lot Size Acres
1.38
Frontage Length
110
Senior Community YN
No
Waterfront YN
Yes
Outdoor Living Spaces YN
Yes
Stories Total
2
Stories
2
Direction Faces
South
Pool Private YN
Yes
Builder Model
Vacation Rentals
Furnished
Furnished
Year Roof Installed
2018

Property Features

Dining Area: Eat-In Kitchen; Kitchen Dining; Snack Bar/Counter Electric: Three Phase Parking Features: Attached Carport Property Condition: Resale Appliances: Dishwasher; Dryer; Electric Range; Microwave; Refrigerator; Washer; Water Heater Water Heater Details: Electric Water Heater Architectural Style: Key West Boat and Dock Features: Private Dock Construction Materials: Concrete Cooling: Ceiling Fan(s); Central Air Heating: Central Interior Features: Bedroom Layout - Stacked Laundry Features: Inside Listing Terms: Cash; Conventional; Lease Option; Lease Purchase; Owner Will Carry Membership: No Membership Available Pets Allowed YN: Yes Possession: Negotiable Restrictions: No Restrictions Roof: Metal Sewer: Public Sewer Tax Information: City/County; New Construction Utilities: Cable Available; Sewer Available; Water Available Water Access: No Fixed Bridge; Ocean Access Water Source: Public Water View: Ocean Waterfront Features: Navigable Water; Ocean Front; Seawall; No Fixed Bridges Showing Requirements: 24 Hour Notice; Appointment Only; Occupied Occupant Details: Tenant Occupied Outdoor Living Spaces: Balcony; Deck; Patio Balcony Details: Balcony - Open Patio Details: Patio - Covered Contingencies: None Contributions Detail: Closing Costs Room Types: Family Room; Kitchen; Laundry; Living Room; Master Bedroom Acreage Description: 1 To Less Than 2 Acre Lot

Contract Information

Comp Sale YN
No
Listing Contract Date
2020-12-04
Original List Price
9875000

Location and Legal

County Or Parish
Monroe
County Parish Name
Monroe
Street Number
2264
Street Name
Overseas Hwy #1-8
City Name
Marathon
State Or Province
FL
Postal Code
33050
Postal Zip
33050
Subdivision Name
Keys Cove
Development Name
Keys Cove
Area
5940 - Other Florida County
Special Assessment YN
No
Parcel Number
00102290000000
Zoning
MU
Directions
Located next to the newly constructed Courtyard by Marriott in Marathon, FL at mile marker 48.2 in the Florida Keys.
Building Name
1-8

Financial Information

Association Deposit YN
No
Membership Fee Required YN
No
Tax Annual Amount
33878.1
Tax Year
2020
Tax Legal Description
9 66 32 KEY VACCAS PT LOT 1 AND ADJ PT R-O-W OR71-43 OR73-462 OR499-151/52 OR499-154/55 OR570-338E OR775-977 OR944-192QC

Status Change Information

Major Change Timestamp
2022-03-04T13:55:11Z
Major Change Type
Status Change
Price Change Timestamp
2021-09-14T20:59:37Z
Status Change Date
2022-03-04
Under Contract Date
2022-01-31
Close Date
2022-03-04
Close Price
8650000
Buyer Financing
Trade

More Information

Parking Information

Open Parking Spaces
16

Short Sale Details

Short Sale Addendum
No

Boat and Dock Information

Dock
Yes
Boat Max Length
60
Dock Details
8, Boat Services: Y
Boat Dock Accommodates
Up to 60 Ft Boat

Main Level Rooms

Main Level Bathrooms
24
Main Level Bedrooms
32

Pool Size Details

Pool Size (WxL)
8 Pools 20x12

Leasing Restrictions

Leasing - Max Times Per Year
52
Leasing - Minimum Number of Days
7

Storm Protection

Impact Glass
Complete

Showing Details

Pet(s) on Premises
No

Concessions

Seller Concessions
No

Contributions

Buyer Contributions
Yes

Room Types

Kitchen Level
Main
Living Room Level
Main
Master Bedroom Level
Main
Family Room
Yes
Kitchen
Yes
Laundry
Yes
Living Room
Yes
Master Bedroom
Yes

Price Calculations

Current Price To SqFt
732.8
Original List Price To Close Price
1.14

Originating Details

Originating System Key
20201204224530450543000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Amenities

Boating
Yes
Cabana
Yes
Picnic Area
Yes
Private Beach Pavilion
Yes

Dining Area

Eat-In Kitchen
Yes
Kitchen Dining
Yes
Snack Bar/Counter
Yes

Electric

Three Phase
Yes

Parking Features

Attached Carport
Yes

Property Condition

Resale
Yes

Possession

Negotiable
Yes

Sewer

Public Sewer
Yes

Utilities

Cable Available
Yes
Sewer Available
Yes
Water Available
Yes

Heating

Central
Yes

Water Access

No Fixed Bridge
Yes
Ocean Access
Yes

Water View

Ocean
Yes

Appliances

Dishwasher
Yes
Dryer
Yes
Electric Range
Yes
Microwave
Yes
Refrigerator
Yes
Washer
Yes
Water Heater
Yes

Construction Materials

Concrete
Yes

Interior Features

Bedroom Layout - Stacked
Yes

Laundry Features

Inside
Yes

Listing Terms

Cash
Yes
Conventional
Yes
Lease Option
Yes
Lease Purchase
Yes
Owner Will Carry
Yes

Roof

Metal
Yes

Water Source

Public
Yes

Waterfront Features

Navigable Water
Yes
Ocean Front
Yes
Seawall
Yes
No Fixed Bridges
Yes

Water Heater Details

Electric Water Heater
Yes

Architectural Style

Key West
Yes

Boat and Dock Features

Private Dock
Yes

Cooling

Ceiling Fan(s)
Yes
Central Air
Yes

Showing Requirements

24 Hour Notice
Yes
Appointment Only
Yes
Occupied
Yes

Master Bedroom/Bath

Dual Sinks
Yes

Membership

No Membership Available
Yes

Pets Allowed YN

Yes
Yes

Restrictions

No Restrictions
Yes

Tax Information

City/County
Yes
New Construction
Yes

Occupant Details

Tenant Occupied
Yes

Outdoor Living Spaces

Balcony
Yes
Deck
Yes
Patio
Yes

Balcony Details

Balcony - Open
Yes

Patio Details

Patio - Covered
Yes

Contingencies

None
Yes

Contributions Detail

Closing Costs
Yes

Acreage Description

1 To Less Than 2 Acre Lot
Yes

Room Information

Living Room Length: 18.00 Length: 18.00 Width: 12.00 Width: 12.00 Level: Main Kitchen Length: 12.00 Length: 12.00 Width: 10.00 Width: 10.00 Level: Main Master Bedroom Length: 16.00 Length: 16.00 Width: 12.00 Width: 12.00 Level: Main Family Room Laundry
Listing Office: Compass Florida LLC
IDX
Last Updated: January - 13 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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