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1240 Overseas Highway, Marathon, FL 33050 (MLS# R11132930)

1240 Overseas Highway, Marathon, FL 33050

$3,300,000
Property Type: Commercial Sale Square Footage: 2,192 Status: Active
Current Price: $3,300,000 List Date: 10/16/2025 Last Modified: 4/29/2026

Overview

Description

Multi-Parcel Waterfront Offering Iconic 7 Mile Grill This rare multi-parcel package in Marathon, FL combines an iconic waterfront restaurant, residential property, development rights, and dockage. 1240 Overseas Hwy is home to the renowned 7 Mile Grill. Operating with a transferable beer and wine license, the operation serves year round breakfast, lunch and dinner. A transferable submerged land lease allows for continued use of the 129' of waterfront for boating access. The parcel carries an additional development right for a single-family home and included in the sale is an additional single-family home with 4 beds/1 bath (1230 Overseas Hwy). The US1 front exposure offers exceptional exposure.

Listing Details MLS# R11132930

General Property Information

Property Sub Type
Mixed Use
Number Of Units Total
2
Building Area Main
2192
Building Area Source
Public Records
Year Built
1976
Lot Size Area
43560
Lot Size Acres
Yes
Stories
Yes

Property Features

Documents Available: Books & Records; Deed; Equipment Inventory; Financial Statement; Owner Managed Electric: Three Phase Flooring: Concrete; Vinyl Heating: Other Sale Includes: Building; Inventory; Land; License; Machinery Special Licenses: Occupational Tenant Pays: Electricity; Insurance; Water Construction Materials: CBS; Frame Cooling: Central Air; Other Listing Terms: Conventional Roof: Aluminum Security Features: Fire Alarm; Fire Sprinkler System; Security System; Smoke Detector(s) Sewer: Public Sewer Special Information: Corporate Owned Water Source: Public Showing Requirements: 24 Hour Notice; Appointment Only

Contract Information

Comp Sale YN
No
Original List Price
3500000
Negotiable Seller Concessions YN
Yes

Location and Legal

Country
United States
County Or Parish
Monroe
County Parish Name
Monroe
Street Number
1240
Street Name
Overseas
Street Suffix
Highway
City Name
Marathon
State Or Province
FL
Postal Code
33050
Area
5940 - Other Florida County
Geographic Area
Other
Parcel Number
00101720000000
Zoning
MU
Directions
Southen end of Marathon, Florida Keys. Gateway to 7 Mile Bridge.
Property Description
Restaurant Marina

Financial Information

Tax Annual Amount
12445.4
Tax Year
2024
Tax Legal Description
8 66 32 HOG KEY PT GOVT LT 1 AND ADJ PT ST RD 5 OR375-561 OR459-468/70 OR517-304 OR697-669 OR755-461 OR755-958 OR766-810

Remarks and Miscellaneous

Public Historical Remarks
Building Type: Y

More Information

Status Change Information

Major Change Timestamp
2025-12-11T21:04:15Z
Major Change Type
Price Reduced
Price Change Timestamp
2025-12-11T21:04:15Z
Status Change Date
2025-10-16

Building and Property Details

# Of Toilets
2
% Air Conditioned
90
Maximum Ceiling Height
12
Seating Capacity
74

Price Calculations

Current Price To SqFt
1505.47

Originating Details

Originating System Key
20251016184537425272000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Electric

Three Phase
Yes

Flooring

Concrete
Yes
Vinyl
Yes

Documents Available

Books & Records
Yes
Deed
Yes
Equipment Inventory
Yes
Financial Statement
Yes
Owner Managed
Yes
Photos
Yes

Tenant Pays

Electricity
Yes
Insurance
Yes
Water
Yes

Sewer

Public Sewer
Yes

Special Information

Corporate Owned
Yes

Heating

Other
Yes

Sale Includes

Building
Yes
Inventory
Yes
Land
Yes
License
Yes
Machinery
Yes

Special Licenses

Occupational
Yes

Construction Materials

CBS
Yes
Frame
Yes

Listing Terms

Conventional
Yes

Roof

Aluminum
Yes

Security Features

Fire Alarm
Yes
Fire Sprinkler System
Yes
Security System
Yes
Smoke Detector(s)
Yes

Water Source

Public
Yes

Cooling

Central Air
Yes
Other
Yes

Showing Requirements

24 Hour Notice
Yes
Appointment Only
Yes
Listing Office: Coldwell Banker Schmitt RE Co
IDX
Last Updated: April - 29 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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