Judy Cinque - Key Colony Beach Realty
220 Sadowski Causeway
Key Colony Beach, FL 33051
$7,950,000
( )
$42,677 est/mo Sourced by Back At You12685 Overseas Highway,MARATHON, FL 33050
MARATHON, FL 33050
Description
Excellent development opportunities on this large Mixed Use commercial waterfront parcel with 200 feet of direct US Highway 1 frontage. 2.1 +/- upland acres and 1.47 acres of owned bay bottom in Bonefish Harbor with at least 5' controlling depth and access to the Atlantic Ocean. Property had over 550 feet of dockage directly to navigable channel. The property's current use is a hotel/marina but the hotel business and accompanying Transient Rights (hotel unit rights) do not convey. Commercial square footage shall remain vested upon the property though. Seller has Development Plan for 33,400 Steel Building as a Boathouse with potential for 200 dry boat racks. Total number of dry racks could increase as City of Marathon building height ordinance has changed (increased) since plans were drawn. Dock plans allow for multiple configurations, including 30 wet slips with boat launch zone. Significant Seller Financing may be available to qualified purchasers with attractive terms and loan structures. Mixed Use is a commercial land use designation which allows for multiple development possibilities. Large commercial parcels with both US 1 and water frontage are not common and provide a considerable number of opportunities.
Details
| MLS# | 614150 |
|---|---|
| Listing Type | For Sale |
| Building Name | Not included |
| Sub-Type | Resale |
| Status | Active |
| Year | 1957 |
| Days On Site | 48 |
| Listing Provided By | Coldwell Banker Schmitt Real Estate Co. | Joshua James Mothner |
Features
| Zoning | MU - Mixed Use Commercial Mixed |
|---|---|
| Acreage | 2.40 |
| Water Front | Yes |
| Property View | Open Water View |
Market Activity 33050
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 Key Colony Beach Realty, Inc. are marked with the MLS logo and detailed information about them includes the name of the listing broker’s office.
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 Key Colony Beach Realty, Inc. are marked with the MLS logo and detailed information about them includes the name of the listing broker’s office.
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Learn More About This Property
| State | FL |
|---|---|
| County | Monroe |
| City | MARATHON |
| Zip Code | 33050 |
| Area | 18 East of Holiday Inn US #1 & Coco Plum |
| Community Name | Driftwood Estates (54.0) |
| Listing VS Median (in Driftwood Estates (54.0)) | |
Price: $7,950,000 low | high Med: $0 On site: 48 low | high Med: | |
Listing Updated: April 1, 2025 at 2:38:51 PM PDT
Judy Cinque | | SL649582
Main - 220 Sadowski Causeway, Key Colony Beach, FL 33051
Main - 220 Sadowski Causeway, Key Colony Beach, FL 33051
© Copyright 2025, Back At You
SITE POWERED BY
Judy Cinque | | SL649582
Main - 220 Sadowski Causeway, Key Colony Beach, FL 33051
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 Key Colony Beach Realty, Inc. are marked with the MLS logo and detailed information about them includes the name of the listing broker’s office.
Listing Information Last Updated April 29, 2025 at 6:17:44 PM PDT