Home » Properties » 14 125th Street Gulf, Marathon FL 33050

a798f7437b23515992234ce7e570b6e2_a798f7437b23515992234ce7e570b6e2-m1_cc5645402e2c96d2489103b68556410b-83dcefb7

a798f7437b23515992234ce7e570b6e2_a798f7437b23515992234ce7e570b6e2-m2_93109cd97d1e054d4f4ece350b3f3557-1ad5be0d

a798f7437b23515992234ce7e570b6e2_a798f7437b23515992234ce7e570b6e2-m3_042f810255bbfff6d55dc075b0835e49-6dd28e9b

a798f7437b23515992234ce7e570b6e2_a798f7437b23515992234ce7e570b6e2-m4_c9dab149cd6dd0fbf1216bd80823b89d-f3b61b38

a798f7437b23515992234ce7e570b6e2_a798f7437b23515992234ce7e570b6e2-m5_55279a3da311657ca5c3714fbc044e58-84b12bae

a798f7437b23515992234ce7e570b6e2_a798f7437b23515992234ce7e570b6e2-m6_521d22e6738044f764101fa8437c2e52-1db87a14

a798f7437b23515992234ce7e570b6e2_a798f7437b23515992234ce7e570b6e2-m7_4315beedf732cda65acda6ae347701dd-6abf4a82

a798f7437b23515992234ce7e570b6e2_a798f7437b23515992234ce7e570b6e2-m8_2eb959dd4fc0a9e6a37d0208c9ee3b07-fa005713

a798f7437b23515992234ce7e570b6e2_a798f7437b23515992234ce7e570b6e2-m9_f129e73d13423fe34939035bf0f81d17-8d076785

a798f7437b23515992234ce7e570b6e2_a798f7437b23515992234ce7e570b6e2-m10_e5998d5469857c93bcc393589c461731-a15d25e1

14 125th Street Gulf, Marathon FL - Waterfront Redevelopment

Rare waterfront property with 100' deep water dockage, 74,890 sqft site, mixed-use zoning, and conditional permit for 10 units plus affordable housing.

$3,549,000

Interested in this property?

Contact our team to schedule a private tour or request additional information about this property.

Schedule a Tour Contact Agent

$ Mortgage Calculator ● WhatsApp

Florida Local Time --:--

MLS #A11782185

Listing Updated: 2026-07-17 06:40:51

Listed By: LoKation

Overview

This rare waterfront property in Marathon, FL offers an exceptional redevelopment opportunity with 100 feet of deep water dockage and 200 feet of highway frontage. Situated on a vast 74,890 sqft site, it holds an active conditional use permit for up to 10 market-rate units plus 4 affordable staff group home units. The mixed-use zoning allows for diverse commercial and residential possibilities, including boutique hotels or multi-family residences. The existing two-story 6,128 sqft CBS building with 2,340 sqft of outdoor porches adds flexibility for various uses. Located near Vaca Cut, the property provides easy ocean-bay access, close proximity to the airport, and supports short-term rentals, making it a versatile option for live, work, and business needs.

Property Highlights

100' waterfront with deep water dockage, 74,890 sqft lot, mixed-use zoning, conditional use permit for 10 units, 6,128 sqft building, near Vaca Cut and airport, short-term rentals allowed.

Property Details

City: Marathon

State: FL

Zip Code: 33050

Address: 14 125th Street Gulf, Marathon FL 33050

Year Built: 1995

Property Type: Residential

Property Sub Type: Single Family Residence

Listing Office Name: LoKation

County: Monroe County

Garage Spaces: 0

Parking Features: Additional Spaces Available, Guest, Rv/Boat Parking

Interior Features: First Floor Entry, Elevator, Other

Exterior Features: Lighting, Room For Pool

Waterfront: Yes

Pool: No

HOA Fee: $0

Annual Tax: $26,627

Days On Market: 453 Days

Original Listing Description

RARE 100' of waterfront re-development opportunity w/ DEEP WATER DOCKAGE APPROVED! 200' HIGHWAY FRONTAGE! Huge 74,890 SQ FT site with ACTIVE Conditional Use PERMIT for 10 unit & 4 affordable staff group home units. 6 TBR's available plus more. No TDR's required for pure commercial use! MIXED USE ZONING - many commercial-residential possibilities, e.g.: up to 10 market rate units, higher w/ affordable housing, or boutique HOTEL, etc. Includes 2 story raised CBS 6,128 SQ FT building that could be used in many different ways, plus 2,340 SQ FT of outdoor porches. Near Vaca Cut for easy Ocean-Bay access, near airport, SHORT-TERM RENTALS! Contact Peter for info and tour of this amazing opportunity. THE KEYS LIFESTYLE - live, work, business, family compound - do it all right here!

Property Location

Explore the surrounding area, nearby amenities, and neighborhood access for this property.

14 125th Street Gulf, Marathon FL 33050

About This Neighborhood

Located in Marathon, a central city in the Florida Keys, this property benefits from a vibrant community known for its boating, fishing, and outdoor lifestyle. Marathon offers convenient access to beaches, marinas, and local amenities, making it attractive for residents and visitors alike. The neighborhood combines a relaxed island atmosphere with essential services, contributing to its appeal for residential and commercial development. Proximity to the airport and major highways enhances connectivity within the Keys and to mainland Florida.

Walkability & Lifestyle

The area around 14 125th Street Gulf offers a balance of accessibility and outdoor lifestyle. Residents can enjoy nearby waterfront parks, marinas, and local dining options. Shopping and essential services are within driving distance, while the island setting encourages outdoor activities such as boating, fishing, and beach visits. The neighborhood's layout supports a relaxed pace with convenient access to daily necessities and recreational venues.

Things To Do Nearby

Marathon is known for its rich outdoor and waterfront activities, including boating, fishing, and diving. The proximity to Vaca Cut allows easy ocean and bay access for water sports enthusiasts. Local restaurants offer fresh seafood and island cuisine, while parks and beaches provide spaces for relaxation and family outings. Cultural events and nightlife options contribute to a well-rounded lifestyle in the Florida Keys.

Nearby Schools

Marathon provides access to several public and private educational institutions serving various grade levels. Families considering this area benefit from convenient school options within reasonable commuting distance. The community supports educational needs alongside its recreational and lifestyle offerings, making it suitable for residents seeking a balanced environment for children and adults alike.

Why Buyers Like This Area

Buyers appreciate this Marathon property for its rare waterfront location combined with mixed-use zoning and an active permit that allows flexible development options. The sizable lot and existing structures offer a foundation for various projects, from residential units to boutique hotels. Its proximity to key transportation hubs and recreational amenities enhances its appeal for those seeking a versatile property in a desirable Florida Keys community.

Investment Potential

This Marathon waterfront property presents a unique redevelopment opportunity with its mixed-use zoning and conditional use permit for multiple residential units and affordable housing. Its location near Vaca Cut offers direct ocean and bay access, appealing to a variety of potential tenants or buyers. The property's size and existing structures provide flexibility for diverse uses, including commercial or boutique hotel development. While the market varies, such waterfront sites with approved permits are scarce, making this a notable option for buyers interested in a multi-use project in the Florida Keys.

Market Trends

The Marathon real estate market features steady demand driven by its desirable location in the Florida Keys. Waterfront properties with redevelopment potential are particularly sought after due to limited availability. Mixed-use zoning properties offer flexibility that appeals to a broad range of buyers and developers. While inventory fluctuates, Marathon maintains long-term interest from buyers seeking lifestyle and commercial opportunities in this unique coastal environment.

Rental Income Potential

Properties in Marathon, especially those with waterfront access and near key amenities, typically attract strong tenant interest for short-term and seasonal rentals. The approved conditional use permit and mixed-use zoning enhance this property's rental appeal by allowing diverse unit configurations. While rental income can vary with market conditions and seasonality, the location near Vaca Cut and the airport supports consistent demand from vacationers and seasonal residents.