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.
Lot/land
$4,500,000
246 & 248 Pescayo Ave, Marathon, FL 33050
--beds
--baths
0.5Acres
Unimproved Land
Built in ----
0.5 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 103 days
- on Zillow |
- 129 |
- 3 |
Zillow last checked: 7 hours ago
Listing updated: May 17, 2025 at 02:58am
Listed by:
Joshua James Mothner 305-942-9519,
Coldwell Banker Schmitt Real Estate Co.,
Teri Hiller 305-481-0361,
Coldwell Banker Schmitt Real Estate Co.
Source: FLKMLS,MLS#: 614973
Originating MLS: Marathon/Lower Keys

Travel times
Facts & features
Property
Features
- Has view: Yes
- View description: Ocean, Harbor/Marina View
- Water view: Ocean,Harbor/Marina View
- Waterfront features: Canal Front, Waterfront, Water Frontage, Dock Permit: Yes
Lot
- Size: 0.5 Acres
- Features: 1/4 - 1/2 Acre, Cleared, Cul-De-Sac
- Residential vegetation: Mangrove
Details
- Additional parcels included: 00363511000400
- Parcel number: 00363511000500
- Zoning: RH
- Zoning description: Residential High
Community & HOA
Community
- Features: Beach
- Subdivision: Coco Plum Beach (54.5)
HOA
- Has HOA: No
Location
- Region: Marathon
Financial & listing details
- Annual tax amount: $4,670
- Date on market: 5/10/2025
- Road surface type: Paved
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