$4,500,000

246 & 248 Pescayo Ave Marathon, FL 33050

Estimated payment $25,314/month

Total Views 2,920
0.5 Acre
$8,992,569 Price per Acre
21,798 Sq Ft Lot

Highlights

  • Ocean View
  • Beach
  • Home fronts a canal
  • Coral Shores High School Rated A
  • Mangrove Front
  • Cul-De-Sac

About This Lot

Ready to Build Your Dream Florida Keys Estate? This rare opportunity includes two large adjacent, cleared parcels, totaling 21,798 sq ft, in the heart of Marathon, already vested with a City of Marathon Market Rate Transferable Building Right, (TBR) -- meaning no wait, no red tape - start building immediately! Positioned on a deepwater canal with 7.9' controlling depth, this location is ideal for large vessels and offers quick access to the open Atlantic, while providing protected dockage in a serene setting. Enjoy views toward the ocean from this extraordinary site. Dock permits are pending, and the sale includes a full set of architectural plans for a luxury residence complete with a private pool and pickleball court--all crafted by a respected local engineering firm and ready for permitting submission. Renderings of the completed home bring the vision to life and are featured in the listing gallery. No guessing, no waiting--just groundbreaking luxury. Watch the video Create your personal Keys retreat today.

Listing Agent

Joshua Mothner

Coldwell Banker Schmitt Real Estate Co. License #659317 Listed on: 05/09/2025

Coldwell Banker Schmitt Real Estate Co.

Co-Listing Agent

Teri Hiller

Coldwell Banker Schmitt Real Estate Co. License #3322619

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,670

Lot Details

  • 0.5 Acre Lot
  • Home fronts a canal
  • Cul-De-Sac
  • Cleared Lot
  • 2 Lots in the community
  • Property is zoned RH - Residential High

Property Views

  • Ocean
  • Harbor

Listing and Financial Details

  • Assessor Parcel Number 00363511-000500

Community Details

Overview

  • Coco Plum Beach Subdivision

Recreation

  • Beach
  • Mangrove Front

Property Details

Property Type

Land

Est. Annual Taxes

$4,670

Lot Details

0

Listing Details

  • Property Type: Lots and Land
  • Additional Assessor Parcel Number 1: 00363511-000400
  • Control Depth: 7
  • Document Count: 3
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Marathon
  • Limited Representation: No
  • Marathon Neighborhood: Coco Plum
  • Mile Marker: 54.50
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Beach
  • Off Shore Island: No
  • Property Group I D: 19990816212131825981000000
  • Property Rights: Transfer Bldg Rights
  • Side: Ocean
  • State Province: FL
  • Taxes: 4670.05
  • Alternate Key Number: 9105117
  • Dockage Dock Permit: Yes
  • Lot Sq Ft: 21798.00
  • Species List: No
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Location Site: Paved Street, Cleared Site, Mangrove, Cul-de-Sac, Water Frontage
  • Miscellaneous Info Mobile Home Lot: No
  • R O G O Exempt: Yes
  • Survey Available: Yes
  • Tax Exemptions: None
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Waterfront: Canal Front
  • Waterfront: Yes
  • Waterview: Ocean View, Harbor/Marina View

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE,AE
  • Parcel Number: 00363511-000500
  • Land Size: 1/4 - 1/2 Acre
  • Building Permit: No Permit
  • Total Lots: 2.00

Tax Info

  • Tax Year: 2024

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/09/2025 05/09/25 For Sale $4,500,000 -- --
Source: Marathon and Lower Keys Association of REALTORS®

Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 614973

Florida Monroe County Marathon 33050

246 & 248 Pescayo Ave, Marathon, FL

This home is located at 246 & 248 Pescayo Ave, Marathon, FL 33050 and is currently priced at $4,500,000. 246 & 248 Pescayo Ave is a home located in Monroe County with nearby schools including Stanley Switlik Elementary School, Marathon Middle High School, and Coral Shores High School.

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Joshua Mothner
Listing Agent
Joshua Mothner
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Coldwell Banker Schmitt Real Estate Co.
(786) 982-6772