246 & 248 Pescayo Avenue, Marathon, FL 33050
$2,950,000
Property Type:
Vacant Land
Lot Size (sq. ft.):
21,798
Status:
Active
Current Price:
$2,950,000
List Date:
5/10/2025
Last Modified:
1/31/2026
Listing Details MLS# 614973
Location, Tax & Legal
- Street #
- 246 & 248
- Street Name
- Pescayo
- Street Suffix
- Avenue
- Key/Island
- Marathon
- State/Province
- FL
- Zip Code
- 33050
- County
- Monroe
- Subdivision
- Coco Plum Beach (54.5)
- Area
- 18 - East of Holiday Inn US #1 & Coco Plum
- City
- MARATHON
- Off Shore Island
- No
- Mile Marker
- 54.5
- Marathon Neighborhood
- Coco Plum
- Side
- Ocean
- Flood Zone
- AE,AE
- Alternate Key #
- 9105117
- Add'l Parcel #1
- 00363511-000400
- Parcel #
- 00363511-000500
- Zoning
- RH - Residential High
- Deed Restrictions
- Unknown
- Legal
- LOT 5 BONEFISH HARBOR PB7-98 (REPLAT OF LOT 1 BLOCK 6 COCO PLUM BEACH PB4-166) FAT DEER KEY and LOT 4 BONEFISH HARBOR
- Taxes
- 4670.05
- Tax Year
- 2024
Contract Information
- Listing Board
- Marathon/Lower Keys
- ROGO Exempt
- Yes
- Limited Representation
- No
- Potential Short Sale
- No
- Bank Owned
- No
- Species List
- No
General Property Description
- Realtor.COM Type
- Vacant Land
- Waterfront
- Yes
- Control Depth
- 7
- Lot SqFt
- 21798
- Lot Sqft Source
- Property Data Card
- Total Lots
- 2
- Survey Available
- Yes
Miscellaneous Info
- Mobile Home Lot
- No
Dockage
- Dock Permit
- Yes
More Information
Financial Status
- Bank Owned
- No
- Potential Short Sale
- No
Remarks & Misc
- Remarks – Consumer
- 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.
- Directions
- US 1 to Coco Plum Drive. South on Coco Plum Drive to Pescayo Avenue, Right (west) on Pescayo Avenue to the end. Sign on Property.
Assoc/Misc Info
- Mandatory Home Owners Asc
- No
- 1st Right of Refusal
- No
Tax Exemptions
- None
- Yes
Waterfront
- Canal Front
- Yes
Waterview
- Harbor/Marina View
- Yes
- Ocean View
- Yes
Neighborhood Feature
- Beach
- Yes
Location/Site
- Cleared Site
- Yes
- Cul-de-Sac
- Yes
- Mangrove
- Yes
- Paved Street
- Yes
- Water Frontage
- Yes
BuildingPermit
- No Permit
- Yes
Land Size
- 1/4 - 1/2 Acre
- Yes
Property Rights
- Transfer Bldg Rights
- Yes
Property Features
Tax Exemptions:
None
Waterfront:
Canal Front
Waterview:
Harbor/Marina View; Ocean View
Neighborhood Feature:
Beach
BuildingPermit:
No Permit
Land Size:
1/4 - 1/2 Acre
Property Rights:
Transfer Bldg Rights
246 Pescayo Survey ›
Listing Office:
Coldwell Banker Schmitt Real Estate Co.
Last Updated: January - 31 - 2026
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral 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.