The $50 Million Transformation: 7 Must-Know Facts About Pelican Cove Resort’s New Era As Three Waters Resort & Marina
Pelican Cove Resort & Marina, a beloved staple of the Florida Keys, is officially no more—but its spirit lives on in a dramatic, multi-million dollar transformation that has redefined luxury in Islamorada. As of late December 2025, the property has undergone a massive redevelopment, merging with its neighbor, the Postcard Inn Beach Resort & Marina, to create a single, upscale destination: the Three Waters Resort & Marina.
This is not a simple rebranding; it is a complete overhaul of one of the most iconic stretches of the Overseas Highway. The new resort, part of the prestigious Islamorada Resort Collection, promises an experience that honors the laid-back charm of the Keys while introducing a level of sophistication and amenity previously unseen on the property. If you are planning a trip to the "Sport Fishing Capital of the World," here is everything you need to know about the resort formerly known as Pelican Cove.
The Legacy of Pelican Cove: From Keys Classic to Modern Luxury
For years, Pelican Cove Resort & Marina was a quintessential Florida Keys escape. It was known for its sleek, stylish 63 rooms and its intimate, relaxed atmosphere. Guests cherished its direct ocean access and unique features that captured the authentic Keys vibe.
- Intimate Scale: The original resort was a smaller, more boutique experience with just 63 rooms, offering a sense of seclusion.
- Unique Features: It boasted a charming cabana cafe and a picturesque saltwater lagoon, perfect for a tranquil dip.
- Water Sports Hub: The resort provided guests with complimentary access to watercraft like kayaks, paddle boards, and snorkeling gear, encouraging exploration of the Atlantic Ocean.
- Renovation History: The property had already received a refresh in 2014, making it feel more contemporary than some of its local competitors.
This chapter closed in late 2023 when the resort shut its doors to begin the monumental task of merging with the adjacent Postcard Inn. The goal was to create a destination large enough to offer world-class amenities while still retaining the intimate, oceanfront magic of Islamorada.
7 Facts About the New Three Waters Resort & Marina (The Successor)
The new property, now branded as Three Waters Resort & Marina, a Tribute Portfolio Resort (part of the Marriott family), is the culmination of a massive, multi-million dollar investment that has completely transformed the 15-acre oceanfront property.
1. A $50 Million Renovation is Redefining the Keys
The transformation is backed by a reported $50 million renovation, making it one of the most significant hospitality developments in the Upper Keys. This investment ensures that every aspect of the resort, from the rooms to the dining and the marina, is state-of-the-art and offers a truly upscale experience. While the resort's opening has been phased, this level of capital shows a commitment to making it the new bellwether of the Islamorada Resort Collection, which also includes the nearby Amara Cay Resort.
2. The Room Count Has Quadrupled to 214 Keys
The merger dramatically increased the resort's capacity. The new Three Waters Resort & Marina now features a total of 214 rooms, suites, and cottages. These accommodations are designed with a colorful, island-inspired aesthetic, offering guests a vibrant and luxurious home base after a day spent on the water or exploring the Florida Keys. The expanded room count caters to both intimate couple retreats and larger family or group gatherings.
3. Nine New Culinary Experiences Await
One of the most exciting upgrades is the dining landscape. The new resort features an incredible nine distinct culinary experiences—a huge step up from the previous single cabana cafe. This includes everything from upscale, signature restaurants to casual beachside bars and grab-and-go options, ensuring that guests never have to leave the property to find a delicious meal. This focus on dynamic culinary concepts is a major draw for food-loving travelers.
4. Three Outdoor Pools Replace the Single Pool
For sun-seekers, the new resort features three outdoor pools, providing ample space for relaxation and swimming without the crowding typical of smaller resorts. Whether you prefer a lively main pool with a bar or a quieter, secluded spot, the three-pool layout caters to all preferences, complementing the resort's expansive, unrivaled beachfront.
5. A World-Class Marina for the "Sport Fishing Capital"
The resort’s name, Three Waters Resort & Marina, highlights its deep connection to the ocean. The on-site marina is a major hub, offering exceptional access to the Atlantic. Guests can easily charter a fishing trip—a must-do in Islamorada—or rent water sports equipment like jet skis. This emphasis on the marina experience solidifies the resort’s status as a premier destination for anglers and water enthusiasts.
6. The Resort is Part of the Prestigious Tribute Portfolio
Being a Tribute Portfolio Resort means the property is backed by the quality and loyalty program of Marriott International. This affiliation guarantees a certain level of service and luxury, while still allowing the resort to maintain its independent, unique character. For travelers who value points and loyalty benefits, this is a significant and positive change from the old Pelican Cove structure.
7. The Heart of Islamorada's Resort Collection
Three Waters Resort & Marina is positioned as the "beating heart" of the Islamorada Resort Collection. This means guests staying here have a central location to explore the best of the Upper Keys. Its 15 acres of oceanfront property are strategically located on the Overseas Highway, making access easy from Miami International Airport (MIA) and other key locations.
What This Means for Your Florida Keys Vacation
The transformation from Pelican Cove Resort & Marina to Three Waters Resort & Marina is a massive upgrade for Islamorada. While the cozy, boutique feel of the old 63-room property is gone, it has been replaced by a sprawling, sophisticated, and amenity-rich resort that offers a diverse range of experiences. You are no longer just booking a room; you are booking access to an entire 15-acre oceanfront world.
For those who loved the old Pelican Cove, the new resort retains the essential elements: a private beach, direct ocean access, and a focus on water-centric activities. However, the addition of the marina, the nine dining concepts, and the three pools elevates the experience to a new luxury tier. As of December 2025, the resort is fully operational and is quickly becoming the premier destination for upscale, adventure-filled travel in the Florida Keys.
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