246 & 248 Pescayo Avenue
Marathon, FL 33050
- – beds
- – baths
- – sqft
- ~1/2 acre lot
- – on site
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.
Last checked:
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Last updated May 10, 2025
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MLS# 614973 —
Location
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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.
The Property
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Parcel #:00363511-000500
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Property Rights:Transfer Bldg Rights
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Location/Site:Paved Street, Cleared Site, Mangrove, Cul-de-Sac, Water Frontage
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Total Lots:2.00
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Lot SqFt:21798.00
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Land Size:1/4 - 1/2 Acre
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Zoning:RH - Residential High
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Waterfront:Yes
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Flood Zone:AE,AE
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Dockage - Dock Permit:Yes
Listing Agent
- Contact info:
- Agent phone:
- (305) 942-9519
- Office phone:
- (305) 743-5181
Taxes
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Tax Year:2024
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Taxes:4670.05
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Tax Exemptions:None
The Listing
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Bank Owned:No
The Community
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Subdivision:Coco Plum Beach (54.5)
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Neighborhood Features:Beach
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Waterview:Ocean View, Harbor/Marina View
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Waterfront:Canal Front
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Assoc/Misc Info: Mandatory Home Owners Asc:No
Monthly cost estimate
Asking price
$4,500,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$24,096
|
| Taxes | $389 |
| Insurance | $1,237 |
| Utilities | N/A |
| Total | $25,722/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
5/10/25
May 10, 2025
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Listed / Active | FLKMLS | $4,500,000 |
