Cleared, waterfront, and ready for your vision -- this Marathon lot offers a rare opportunity to build in the heart of the Florida Keys. Located on picturesque 89th Street, this 6,440 sq ft waterfront parcel measures approximately 70' x 92' and features 70 feet of water frontage along a 45-foot-wide canal with direct access to open water. With an approximate 4-foot control depth and the ability to plane out once you reach the end of the canal, this property is ideal for boating, fishing, and enjoying the Keys lifestyle. The lot is ready for construction and includes a Transferable Building Right, house plans, and dock plans, giving the next owner a valuable head start. Build your custom Keys retreat with the layout, finishes, storage, colors, and materials that fit your lifestyle or investment goals. Weekly rentals are permitted, creating excellent income potential for those looking to build a vacation rental or investment property. New construction also offers major advantages, including modern building standards, easier maintenance, potential insurance benefits, elevated construction above flood levels, and the opportunity to build to today's wind-load requirements. Whether you are dreaming of a personal waterfront escape, a high-performing vacation rental, or a smart new-construction investment, this property offers exceptional potential in one of Marathon's most desirable boating locations. Don't miss this chance to secure a prime waterfront lot and bring your Florida Keys vision to life.
Details
MLS #
620536
Listing Type
For Sale
Sub-Type
Resale
Status
Active
Days On Site
54
Listing Provided By
Coldwell Banker Schmitt Real Estate Co. | Samuel Davis Williams
Features
Zoning
RM - Residential Medium
Acreage
0.15
Water Front
Yes
Property View
Canal, Open Water View, Ocean
Taxes
Property
5199
Area Information
State
FL
County
Monroe
City
MARATHON
Zip Code
33050
Area
16 Sombrero Bch Rd to Vaca Cut Oceanside
Community Name
Gulfstream Shore (Marathon) (52.0)
Listing VS Median (in Gulfstream Shore (Marathon) (52.0))
Price: $799,000
low | high
Med: $899,000
37.484355444305% of Average
On site: 54
low | high
Med: 204
26.470588235294% of Average
Sourced by Back At You
Market Activity 33050
Date
Sales
Avg $ Per SqFt
Min Sale Price
Max Sale Price
Med Sale Price
Date: Jul 2026
Sales: 3
Avg $ Per SqFt: $649.23
Min Sale Price: $160,000
Max Sale Price: $2,100,000
Med Sale Price: $850,000
Date: Jun 2026
Sales: 5
Avg $ Per SqFt: $563.24
Min Sale Price: $410,000
Max Sale Price: $1,055,000
Med Sale Price: $565,000
Date: May 2026
Sales: 17
Avg $ Per SqFt: $816.13
Min Sale Price: $170,000
Max Sale Price: $3,475,000
Med Sale Price: $570,000
Date: Apr 2026
Sales: 18
Avg $ Per SqFt: $744.05
Min Sale Price: $160,000
Max Sale Price: $3,999,999
Med Sale Price: $878,500
Date: Mar 2026
Sales: 20
Avg $ Per SqFt: $628.51
Min Sale Price: $8,500
Max Sale Price: $3,250,000
Med Sale Price: $668,250
Date: Feb 2026
Sales: 26
Avg $ Per SqFt: $669.49
Min Sale Price: $9,500
Max Sale Price: $4,495,000
Med Sale Price: $565,000
Date: Jan 2026
Sales: 14
Avg $ Per SqFt: $569.9
Min Sale Price: $255,000
Max Sale Price: $3,250,000
Med Sale Price: $870,000
Date: Dec 2025
Sales: 19
Avg $ Per SqFt: $700.61
Min Sale Price: $1,000
Max Sale Price: $4,600,000
Med Sale Price: $900,000
Date: Nov 2025
Sales: 17
Avg $ Per SqFt: $658.04
Min Sale Price: $120,000
Max Sale Price: $4,950,000
Med Sale Price: $590,000
Date: Oct 2025
Sales: 25
Avg $ Per SqFt: $768.34
Min Sale Price: $130,000
Max Sale Price: $4,500,000
Med Sale Price: $799,500
Date: Sep 2025
Sales: 10
Avg $ Per SqFt: $813.67
Min Sale Price: $10,600
Max Sale Price: $3,000,000
Med Sale Price: $1,012,500
Date: Aug 2025
Sales: 10
Avg $ Per SqFt: $560.94
Min Sale Price: $255,000
Max Sale Price: $2,200,000
Med Sale Price: $835,000
Sourced by Back At You
Jul 2026
Sales:
3
Avg $ Per SqFt:
$649.23
Min Sale Price:
$160,000
Max Sale Price:
$2,100,000
Med Sale Price:
$850,000
Jun 2026
Sales:
5
Avg $ Per SqFt:
$563.24
Min Sale Price:
$410,000
Max Sale Price:
$1,055,000
Med Sale Price:
$565,000
May 2026
Sales:
17
Avg $ Per SqFt:
$816.13
Min Sale Price:
$170,000
Max Sale Price:
$3,475,000
Med Sale Price:
$570,000
Apr 2026
Sales:
18
Avg $ Per SqFt:
$744.05
Min Sale Price:
$160,000
Max Sale Price:
$3,999,999
Med Sale Price:
$878,500
Mar 2026
Sales:
20
Avg $ Per SqFt:
$628.51
Min Sale Price:
$8,500
Max Sale Price:
$3,250,000
Med Sale Price:
$668,250
Feb 2026
Sales:
26
Avg $ Per SqFt:
$669.49
Min Sale Price:
$9,500
Max Sale Price:
$4,495,000
Med Sale Price:
$565,000
Jan 2026
Sales:
14
Avg $ Per SqFt:
$569.9
Min Sale Price:
$255,000
Max Sale Price:
$3,250,000
Med Sale Price:
$870,000
Dec 2025
Sales:
19
Avg $ Per SqFt:
$700.61
Min Sale Price:
$1,000
Max Sale Price:
$4,600,000
Med Sale Price:
$900,000
Nov 2025
Sales:
17
Avg $ Per SqFt:
$658.04
Min Sale Price:
$120,000
Max Sale Price:
$4,950,000
Med Sale Price:
$590,000
Oct 2025
Sales:
25
Avg $ Per SqFt:
$768.34
Min Sale Price:
$130,000
Max Sale Price:
$4,500,000
Med Sale Price:
$799,500
Sep 2025
Sales:
10
Avg $ Per SqFt:
$813.67
Min Sale Price:
$10,600
Max Sale Price:
$3,000,000
Med Sale Price:
$1,012,500
Aug 2025
Sales:
10
Avg $ Per SqFt:
$560.94
Min Sale Price:
$255,000
Max Sale Price:
$2,200,000
Med Sale Price:
$835,000
Samuel Davis Williams of Coldwell Banker Schmitt Real Estate Co. – (305) 289-6559 – swilliams@samdwilliams.com
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MLS Internet Data Exchange (IDX) information is provided exclusively 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, and that the data is deemed reliable but is not guaranteed accurate by the Florida Keys Board of Realtors.
The data relating to real estate for sale on this web site come s in part from the Internet Data Exchange program of the Marathon and Lower Keys Association of REALTORS®, Inc. MLS. Real Estate listings held by brokerage firms other than Coldwell Banker Schmitt are marked with the MLS logo and detailed information about them includes the name of the listing broker’s office.
Samuel Davis Williams of Coldwell Banker Schmitt Real Estate Co. – (305) 289-6559 – swilliams@samdwilliams.com