Private · Confidential — Marathon · Florida Keys
Own a home on the water — at a price that shouldn’t exist.
Thirteen move-in-ready waterfront residences inside Marlin Bay Yacht Club — a private 84-home marina community with a 99-slip deep-water marina, beach-entry pool, clubhouse, and signature restaurant.
- Fully entitled homes
- 0
- Fully entitled homes
- Deep-water slips
- 0
- Deep-water slips
- Total acres
- 0.0
- Total acres
- MPH wind-rated build
- 0+
- MPH wind-rated build
The Founders’ 13
Thirteen finished homes. Built-in equity from day one.
The 13 existing residences reserve at roughly $600 per square foot — well below comparable new construction in Marathon, which trades at $1,000–$1,175 per square foot (Emerald Flats ~$1,000/sq ft; SeaGlass Cove ~$1,150/sq ft; 2025 Marathon average listing ~$1,175/sq ft). Each home carries an estimated $800,000 to $1,450,000 in built-in value versus new market value — already built, with no construction risk and no wait.
- Detached three-story waterfront homes, ~2,500 sq ft average, 2–4 bedrooms
- Two-car garage and private in-home elevator in every residence
- KitchenAid / Viking appliances, granite slab, oversized island
- Steel-reinforced CMU, impact glass to 150+ mph, triple-galvanized tie-downs
Why the Founders’ 13
You’re not betting on appreciation. The discount is the return.
Reserve a finished waterfront home at roughly $600 per square foot in a market that trades at $1,000–$1,175. Because these thirteen homes are already built and already earning resort rental income, the equity is in place the day you close — no construction risk, no wait.
$0
Built-in equity per home, at the top of the range
≈ $800K–$1.45M vs. new-market value
$0/yr
Reported gross rental income
Marathon allows rare 7-day-minimum rentals
~0/qtr
New building permits, county-wide
ROGO scarcity — permitted homesites can’t be replicated
Available now
Choose your residence
10 of the Founders’ 13 remain. Availability synced live with the reservation office.
AvailableRoof top deckResidence 21
Plan F-1a3 bed · 3.5 bath · 2,496 sq ft A/C · 3,900 sq ft total
Est. new-construction value $2,546,000
$1,594,028
Founders savings of $951,972
View residence →
AvailableResidence 22
Plan F-1b3 bed · 3.5 bath · 2,496 sq ft A/C · 3,536 sq ft total
Est. new-construction value $2,496,000
$1,542,528
Founders savings of $953,472
View residence →
AvailableRoof top deckResidence 23
Plan F-1a3 bed · 3.5 bath · 2,496 sq ft A/C · 3,900 sq ft total
Est. new-construction value $2,546,000
$1,594,028
Founders savings of $951,972
View residence →
AvailableResidence 24
Plan F-1b3 bed · 3.5 bath · 2,496 sq ft A/C · 3,536 sq ft total
Est. new-construction value $2,496,000
$1,542,528
Founders savings of $953,472
View residence →
AvailableRoof top deckResidence 25
Plan F-1a3 bed · 3.5 bath · 2,496 sq ft A/C · 3,900 sq ft total
Est. new-construction value $2,546,000
$1,594,028
Founders savings of $951,972
View residence →
AvailableResidence 26
Plan F-2a3 bed · 3.5 bath · 2,475 sq ft A/C · 3,515 sq ft total
Est. new-construction value $2,475,000
$1,529,550
Founders savings of $945,450
View residence →
Already in place
An established resort, not a promise
Your home joins a proven, income-producing community — not a blank field. The 4,000 sq ft beach-entry pool, 7,637 sq ft clubhouse with fitness, steam and sauna, the Sunset Point observation tower, and the 99-slip deep-water marina are all here today. Signature dining comes from the team behind G7 Rooftop at Hollywood’s Guitar Hotel.
Why Marathon
The scarcest kind of real estate: permitted
Marathon is the midpoint and commercial heart of the Keys — 60+ restaurants, 870,000 sq ft of retail, an airport, and a regional hospital minutes away. And because Florida’s Rate of Growth Ordinance caps Monroe County at roughly ten market-rate building permits per quarter county-wide, fully approved homesites here are among the highest-barrier-to-entry residential real estate in the country. Marlin Bay is already entitled for all 84 homes.
7-day
minimum vacation rentals allowed in Marathon — rare in the Keys, strong income potential
~$200k
reported first-year gross rental income for managed waterfront Marathon homes
Buyers ask
Straight answers, on the record
How much do homes at Marlin Bay in Marathon, Florida Keys cost?
The 13 existing move-in-ready residences carry Founders pricing from roughly $1.53 million to $2.94 million — about $600 per square foot plus lot premium, versus $1,000–$1,175 per square foot for comparable new construction in Marathon in 2025–2026.
Why is new construction so scarce in the Florida Keys?
Florida's Rate of Growth Ordinance (ROGO) caps new building permits in Monroe County at roughly ten market-rate allocations per quarter county-wide. Marlin Bay is already fully entitled and approved for 84 single-family homes under a Development Agreement recorded with the City of Marathon in February 2024 — entitlement that cannot be replicated at scale today.
Are the homes hurricane-rated?
Yes. Each residence is engineered for the Keys: steel-reinforced concrete block construction, impact windows and doors rated to 150+ mph, and triple-galvanized hurricane tie-downs, on an elevated site beside a protected deep-water basin.
All buyer questions answered — insurance, HOA, rentals, 1031 →
Walk the docks with us — this week
Call the sales gallery to receive the full participation package, the current price release, and a private tour of the thirteen residences.
Reserve today · All 13 placed within 90 days · Move-in ready at closing