Private · Confidential · An Invitation — The Founders' 13
Reserve one of 13 existing waterfront residences at Marlin Bay Yacht Club, Marathon, Florida Keys — already built and move-in ready.
The Offer
Reserve one of the 13 existing residences, priced from $1,250,000 to $2,700,000 — a savings of $800,000 to $1,450,000 off market value. Already built, already amenitized, and available now with no construction wait.
The Opportunity · 01
Marlin Bay Resort & Marina sits in the heart of Marathon — the midpoint and commercial center of the Keys, with more than 60 restaurants, 870,000 SF of retail, and a regional hospital close at hand. The property spans 7.58 upland acres plus 6.22 acres of submerged leasehold, wrapped around a comprehensive 99-slip marina.
Under a Development Agreement recorded with the City of Marathon in February 2024, Marlin Bay is fully entitled and approved for 84 single-family homes. New development in the Keys is tightly capped by Florida's Rate of Growth Ordinance — making fully-approved homesites here among the scarcest, highest-barrier-to-entry real estate in the country.
Resort & Marina · 02
Your home joins a proven, income-producing community — not a blank field. A 4,000 SF beach-entry pool, a 7,637 SF clubhouse with fitness, steam & sauna, the Sunset Point observation tower, and a 99-slip deep-water marina are all here today.
Life at Marlin Bay · 03
Beyond the water, Marlin Bay is built for connection. The 7,637 SF clubhouse anchors the social life of the community — a club room and bar, billiards, fitness, steam & sauna — while casual and fine dining, easy poolside afternoons, and famous Keys sunsets fill the days. Resort-casual, all year long.
The Community · 04
Marlin Bay is a warm, open waterfront community — designed for anyone who loves the resort life in the Florida Keys. Full-service amenities, a signature restaurant, and a genuine sense of community are woven naturally throughout — in a place everyone is welcome to call home.
By the team behind G7 Hospitality — elevated cuisine on the water.
From a poolside lunch to a special dinner — every occasion covered.
Concierge, housekeeping, and management woven into the community.
A relaxed, welcoming community beside the marina.
Activities, events, and a relaxed resort feel for all ages.
Clubhouse, fitness, spa, pools, and a 99-slip deep-water marina.
The acclaimed rooftop group is creating Marlin Bay's restaurant — fine dining and casual, open to all. More on the following section.
A Joint Venture · Equishares × BSD Capital
Signature Dining · 05
Marlin Bay's signature restaurant comes from the team behind G7 Rooftop — the acclaimed rooftop destination perched above Hollywood's Guitar Hotel, where Japanese-fusion cuisine meets skyline views.
Here they're creating something rare in the Florida Keys: a true dining destination — with an elevated fine-dining room and relaxed, all-day casual options — a genuine draw in its own right, and open to every guest.
Your Residence · 06
The 13 existing residences — detached, three-story waterfront homes finished to an ultra-high specification and engineered for the Keys.
As a Founders' 13 participant you select from the 13 existing waterfront homes (see the site plan below) while the best positions remain.
Choose Your Home
The 13 existing luxury vacation homes sit among Marlin Bay's 84 entitled homesites, wrapped around the 99-slip marina. Choose your home while the best waterfront, marina-side, and pool-adjacent positions are still open.
13 existing luxury vacation homes 71 future single-family residences
The Investment Case · 09
Founders reserve at roughly $600 / sq ft — well below comparable new construction in Marathon, which trades at $1,000–$1,175 / sq ft. Each existing home carries a built-in savings of roughly $800k to $1.45M versus market value.
| Project | Size | Pricing | ~ $/sq ft | Rental / notes |
|---|---|---|---|---|
| Marlin Bay — Founders' 13 | ~2,500 sq ft | $1.5–1.54M entry · ~$2.5M value | ~$600 entry / $1,000 value | Reserve below market |
| Emerald Flats (across the street) | 2,300–2,650 sq ft | ~$2.5M | ~$1,000 | ~$200k annual rental |
| SeaGlass Cove (Grassy Key) | 2,950–4,800 sq ft | from $3.0M ($3.40M Hawk) | ~$1,150 | $21M+ sold |
| Marathon single-family (2025 market) | — | avg listing ~$2.4M | ~$1,175 | Luxury demand rising |
Built-in equity from day one. Founders acquire an existing waterfront home well below market — a savings of roughly $800,000 to $1,450,000 per residence, depending on the home. Because the 13 homes are already built, that equity is in place from day one, with no construction risk and no wait. Illustrative only — not a forecast or guarantee. The ~$2.5M value uses ~$1,000/sq ft (Emerald Flats comp); comparable projects are shown for context only. See disclosures.
The Founders' 13 · 08
These are the 13 existing, already-built waterfront homes — available now, with no construction wait. The earlier you commit, the greater your built-in position. The Founders' 13 is open for 90 days only.
Commit $1,500,000 to claim one of the 13 existing residences.
Choose from the 13 existing waterfront homes while the best remain.
The homes are already built; complete the transaction and take possession.
Receive a completed home valued at an estimated $2,500,000 — ready to use or rent.
Each block of five is released $20,000 above the one before — Homes 1–5 at $1,500,000, Homes 6–10 at $1,520,000, and Homes 11–13 at $1,540,000. All 13 carry the same estimated $2,500,000 value, so the earlier you commit, the greater your built-in position.
| Release | Avg reservation price | Est. built-in value* |
|---|---|---|
| Homes 1–5 | $1,500,000 | +$1,000,000 |
| Homes 6–10 | $1,520,000 | +$980,000 |
| Homes 11–13 | $1,540,000 | +$960,000 |
*Illustrative only. Based on estimated market value less the average reservation price. Not a guarantee of value, resale price, or appreciation. See disclosures.
Every Founder also receives
Complimentary — included with every Founders' home.
Marina services
Restaurant & bar
Thirteen families will own one of the original waterfront homes in one of the most significant fully-entitled developments in the Florida Keys. Below is how you join them.
Reserve Your PlaceReserve Your Place
Express interest and we'll send you the full participation package and the current price release. No obligation.