About This Home

This 13-bedroom, 13-bathroom commercial at 243 61st Street in Marathon, FL is listed for $5,900,000 ($1,295 per sqft). Built in 1954, the home offers 4,557 sqft of living space on a 0.56 acres lot.

Key Features

  • Built in 1954
  • 0.56 acre lot

Property Details

1 story
13 full
1954

Amenities

ViewA/C
Listing Description

A rare and unique income producing Hotel in Marathon. Tropical Cottages is a boutique & profitable Mom and Pop Motel. Total of 11 valuable Transient Licenses, 13 Rooms plus office with kitchen & check in room. 9 buildings on the property, 8 adorable free standing cottages with new Victorian shingle roofs & the main building with 3 rooms in good condition.

Each room has been tastefully and tropically renovated inside and out. Each room is unique & comes fully furnished. Most of the units have small kitchenettes including sink with microwave and refrigerator. All units have refrigerator & microwave. Additionally, there is a large Tiki Hut & Bar along with Food Truck with seating area.

The Food Truck and Tiki Bar are leased for $6,375 per mos on a short term agreement. The Motel is managed by Owners . The hotel runs on auto-pilot. Online check-in available with a good housekeeping staff as back up. Most of the business is from repeat customers, plus online booking sites are all utilized.

On site is a full laundry room with Commercial grade washers/dryers and storage rooms throughout. All housekeeping is done on site. Small, friendly & efficient staff has been there long term and willing to stay on with new owners. There are a total of 6 lots encompassing over 1/2 acre of land, total .56 Ac or 24,384 sf.

Ample off street parking for guests. Zoning is GC and land use is recognized as Hotel/Motel. Bonus of Deeded waterfront access at the end of 61st St. which has a boat ramp and staging area for all types of watercrafts and sports. Same family ownership since 2010.

Tropical Cottages was started back in the mid 1950's as a Fish camp and is one of the few remaining Mom & Pop Motels throughout the Florida Keys. Motel generates substantial Net income year after year to current owners. Sellers may consider Seller Financing may be available to a qualified buyer. Terms to be negotiated.

Monthly Cost Estimate

$31,554/mo

20% down · 6.5% · 30 years

Principal$4,267
Interest$25,567
Insurance$1,721

Estimates only. Actual payments may vary.

Location

243 61st Street

Marathon, FL 33050

Marathon Heights (50.5)

Property Details

Construction

CBS Frame Manufactured Combo Construction

Views

Water

Parking

Off StreetGuest

Cooling

Central Air

Appliances

RefrigeratorWasherDryer

Questions & Answers

This 13-bedroom, 13-bathroom commercial at 243 61st Street is listed at $5,900,000 ($1,295/sqft). The estimated monthly payment is $31,555 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1954, 0.56 acre lot.

This property is listed by Curtis A Skomp, CCIM and can be reached at (305) 745-9088.

CC

Curtis A Skomp, CCIM

Agent at Internet Realty/Florida Keys Inc (KW)

(305) 745-9088

Listed by Internet Realty/Florida Keys Inc (KW) · Broker phone: (305) 745-9088 · View on Broker Site · Broker website

MLS# 621147· Source: Key West Association of Realtors· 25 days on PropertySimple

Copyright © 2026 Key West Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

243 61st Street, Marathon, FL 33050

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