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57478 Overseas Hwy - FLORIDA KEYS 6.26 Acres of Commercial Land Offered at $14,641,935 CAD in Grassy Key, FL 33050
Executive Summary
Positioned in the central Keys, the site benefits from effortless connectivity along U.S. 1 and proximity to both Islamorada and Key West. Residents and guests will enjoy convenient access to boutique shopping, fine dining, world-class marinas, and recreational options including deep-sea fishing, snorkeling, and boating, all within minutes. The property’s natural topography and lush vegetation provide privacy and a serene environment, while surrounding waters showcase the Keys’ renowned turquoise clarity.
As one of the few remaining oceanfront tracts of this scale, the site combines extensive size, superior location, and unparalleled frontage—an extraordinary foundation for a signature project in one of America’s premier coastal destinations.
Property Facts
| Price | $14,641,935 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 6.26 AC |
| Property Type | Land | No. Stories | 2 |
| Zoning | MU - Residential, Commercial and retail uses on the same parcel. | ||
| Price | $14,641,935 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 6.26 AC |
| No. Stories | 2 |
| Zoning | MU - Residential, Commercial and retail uses on the same parcel. |
1 Lot Available
Lot See below
| Price | $14,641,935 CAD | Lot Size | 6.26 AC |
| Price Per AC | $2,338,967.21 CAD |
| Price | $14,641,935 CAD |
| Price Per AC | $2,338,967.21 CAD |
| Lot Size | 6.26 AC |
This offering is composed of 6 plus or minus acres 57478 Overseas Highway has 3 parcels: ID#00374650-000000, ID#00374660-000000, ID#00374670-000000, & 57468 Overseas Highway has 3 parcels: ID#00374680-000000, ID#00374690-000000, ID#00374700-000000.
Description
Rare oceanfront development opportunity in the heart of the Florida Keys. Encompassing nearly 6 acres of pristine oceanfront land in Grassy Key mile marker 57, this exceptional parcel presents an ideal canvas for developers seeking to create luxury residential units with direct oceanfront and beach access. Surrounded by unspoiled natural beauty and tranquil beaches, the property offers immediate proximity to shopping, fine dining, spas, marinas, and world-class boating. Residents will enjoy unparalleled access to deep-sea fishing, scuba diving, snorkeling, and vibrant coral reefs, all set against the backdrop of the Keys’ iconic turquoise waters. Located in Marathon, often referred to as the Heart of the Florida Keys, the site benefits from a highly desirable central Keys location, conveniently positioned between the Upper Keys—such as Islamorada—and the Lower Keys, including Key West. Marathon is known for its rich maritime history, local airport, and accessibility, serving as a central hub comprising islands such as Vaca Key, Duck Key, and Grassy Key. A truly rare offering combining scale, location, and oceanfront presence—an exceptional opportunity to develop a legacy project in one of Florida’s most coveted coastal destinations. Please read the broker's remarks for detailed information on this offering. Addresses 57478 and 57468 Overseas Highway
Property Taxes
| Parcel Numbers | Improvements Assessment | $84,246 CAD | |
| Land Assessment | $3,716,227 CAD | Total Assessment | $3,800,473 CAD |
Property Taxes
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57478 Overseas Hwy - FLORIDA KEYS
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