1 S Kyle Way, Marathon, FL 33050 (MLS# 605849)

1 S Kyle Way, Marathon, FL 33050

$9,650,000

Property Type: Commercial Sale Bedrooms: 45 Baths: 45 Square Footage: 40,872 Lot Size (sq. ft.): 50,850 Status: Closed

Current Price: $9,650,000 List Date: 2/01/2024 Last Modified: 10/31/2025

Overview

Description

This is a once in a lifetime opportunity in Marathon and in the entire Florida Keys. 28 units with spectacular Atlantic Ocean views at the south of Marathon next to the brand new Isla Bella Resort. This property which was previously a timeshare that is being dissolved has amazing possibilities to a boutique exclusive resort to a developer's dream conversion for a sell out of the units. There is nothing like this in the Keys that has been available in the last 20 years. The property sustained hurricane damage and is ready for it's next chapter for the right Buyer. This will absolutely not last.

Listing Details MLS# 605849

Location, Tax & Legal

Street #: Yes
Direction: S
Street Name: Kyle
Street Suffix: Way
Key/Island: Marathon
State/Province: FL
Zip Code: 33050
Subdivision: Knights Key Village (47.0)
County: Monroe
Area: 13 - 7 Mile Bridge to Sombrero Bch Rd E & W

Contract Information

Listing Board: Key West Association
Limited Representation: No
Potential Short Sale: No
Bank Owned: No

General Property Description

Realtor.COM Type: Commercial
Style: Commercial
Lot SqFt: 50850
Waterfront: Yes
Control Depth: 5
Building SqFt: 40872
Living Apx SqFt: 40872
Year Built: 1979
Total Bedrooms: 45
Full Baths: 45
Total Baths: 45

Status Change Info

Under Contract Date: 2024-04-02
Leased Date: 2025-10-31

Association Info

Mandatory Home Owners Asc: No
1st Right of Refusal: No

Dockage

Seawall: Concrete

More Information

Financial Status

Bank Owned: No
Potential Short Sale: No

Property Features

Property Info: License Included Type: Apartment 3 or more Waterfront: Gulf Front Waterview: Bay/Gulf View; Open Water View Vehicle Storage: Common Parking Utilities: FKAA; Municipal Sewer Appliances: No Appliances Miscellaneous: High Visibility; Open Water View; Pool Construction: Concrete Land Size: More than 1 Lot Fee Includes: None Property Rights: Transfer Bldg Rights; Transient License

Listing Office: Berkshire Hathaway HomeServices Knight & Gardner Realty

Last Updated: October - 31 - 2025

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.