$8,650,000
Marathon, FL 33050
MLS# R10676029
Status: Closed
32 beds | 24 baths | 23680 sqft

1 / 75

Property Description
Built in 2018, turnkey waterfront vacation rental development comprised of eight single family houses, each with four bedrooms and three full bathrooms built to current windstorm standards. Each home is designed for guests to enjoy their own private pool, laundry, outdoor grill area, covered parking and balconies. Excellent rental history and future bookings with tremendous growth opportunity. This vacation rental compound was built to maximize income and minimize overhead. Guests can enjoy the community beach, docks, tiki hut, fish cleaning station, plus nearby amenities including tons of dining options such as Florida Keys Steak and Lobster House, major food and home shopping chains, two major marinas and Marathon Airport.
Details
Maps
Contract Information
Comp Sale YN: No
Listing Date: 2020-12-04
Status: Closed
Original List Price: 9875000
Sold Price: $8,650,000
Current Price: $8,650,000
Location and Legal
County Or Parish: Monroe
County Parish Name: Monroe
City Name: Marathon
Postal Zip: 33050
Development Name: Keys Cove
Special Assessment YN: No
Building Name: 1-8
Street Number: 2264
Street Name: Overseas Hwy #1-8
State Or Province: FL
Postal Code: 33050
Subdivision Name: Keys Cove
Area: 5940 - Other Florida County
Parcel Number: 00102290000000
Zoning: MU
Directions: Located next to the newly constructed Courtyard by Marriott in Marathon, FL at mile marker 48.2 in the Florida Keys.
General Property Information
Number Of Units In Community: 8
Total Units In Building: 1
Living Area Main: 11804
Attached Carport YN: Yes
Gated Community YN: No
Lot Size Area: 60306
Senior Community YN: No
Outdoor Living Spaces YN: Yes
Furnished: Furnished
Stories Total: 2
Stories: 2
Pool Private YN: Yes
Year Roof Installed: 2018
Property Sub Type: Single Family Residence
Bedrooms Total: 32
Bathrooms Total: 24
Bathrooms Full: 24
Building Area Main: 23680
Building Area Source: Appraiser
Year Built: 2018
Carport YN: 1
Carport Spaces: 16
Covered Spaces: 16
Lot Size Acres: 1.38
Frontage Length: 110
Waterfront YN: 1
Direction Faces: South
Builder Model: Vacation Rentals
Financial Information
Association Deposit YN: No
Membership Fee Required YN: No
Tax Annual Amount: 33878.1
Tax Year: 2020
Tax Legal Description: 9 66 32 KEY VACCAS PT LOT 1 AND ADJ PT R-O-W OR71-43 OR73-462 OR499-151/52 OR499-154/55 OR570-338E OR775-977 OR944-192QC
Office/Member Information
DXORIGMLSID: RML
Status Change Information
Buyer Financing: Trade
Major Change Timestamp: 2022-03-04T13:55:11Z
Major Change Type: Status Change
Price Change Timestamp: 2021-09-14T20:59:37Z
Status Change Date: 2022-03-04
Under Contract Date: 2022-01-31
Close Date: 2022-03-04
Close Price: 8650000
Amenities
Boating: 1
Cabana: 1
Picnic Area: 1
Private Beach Pavilion: 1
Dining Area
Eat-In Kitchen: 1
Kitchen Dining: 1
Snack Bar/Counter: 1
Electric
Three Phase: 1
Parking Features
Attached Carport: 1
Parking Information
Open Parking Spaces: 16
Property Condition
Resale: 1
Short Sale Details
Short Sale Addendum: No
Possession
Negotiable: 1
Sewer
Public Sewer: 1
Utilities
Cable Available: 1
Sewer Available: 1
Water Available: 1
Heating
Central: 1
Leasing Restrictions
Leasing - Max Times Per Year: 52
Leasing - Minimum Number of Days: 7
Water Access
No Fixed Bridge: 1
Ocean Access: 1
Water View
Ocean: 1
Appliances
Dishwasher: 1
Dryer: 1
Electric Range: 1
Microwave: 1
Refrigerator: 1
Washer: 1
Water Heater: 1
Construction Materials
Concrete: 1
Interior Features
Bedroom Layout - Stacked: 1
Laundry Features
Inside: 1
Listing Terms
Cash: 1
Conventional: 1
Lease Option: 1
Lease Purchase: 1
Owner Will Carry: 1
Roof
Metal: 1
Water Source
Public: 1
Waterfront Features
Navigable Water: 1
Ocean Front: 1
Seawall: 1
No Fixed Bridges: 1
Water Heater Details
Electric Water Heater: 1
Architectural Style
Key West: 1
Boat and Dock Information
Dock: Yes
Boat Max Length: 60
Dock Details: 8, Boat Services: Y
Boat Dock Accommodates: Up to 60 Ft Boat
Boat and Dock Features
Private Dock: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Showing Requirements
24 Hour Notice: 1
Appointment Only: 1
Occupied: 1
Main Level Rooms
Main Level Bathrooms: 24
Main Level Bedrooms: 32
Master Bedroom/Bath
Dual Sinks: 1
Membership
No Membership Available: 1
Pets Allowed YN
Yes: 1
Pool Size Details
Pool Size (WxL): 8 Pools 20x12
Restrictions
No Restrictions: 1
Storm Protection
Impact Glass: Complete
Tax Information
City/County: 1
New Construction: 1
Occupant Details
Tenant Occupied: 1
Showing Details
Pet(s) on Premises: No
Outdoor Living Spaces
Balcony: 1
Deck: 1
Patio: 1
Balcony Details
Balcony - Open: 1
Patio Details
Patio - Covered: 1
Contingencies
None: 1
Room Types
Family Room: 1
Kitchen: 1
Kitchen Level: Main
Laundry: 1
Living Room: 1
Living Room Level: Main
Master Bedroom: 1
Master Bedroom Level: Main
Concessions
Seller Concessions: No
Contributions
Buyer Contributions: Yes
Contributions Detail
Closing Costs: 1
Price Calculations
Current Price To SqFt: 732.8
Original List Price To Close Price: 1.14
Acreage Description
1 To Less Than 2 Acre Lot: 1
Originating Details
Originating System Key: 20201204224530450543000000
Originating System ID: M00000170
Property Features
Dining Area: Eat-In Kitchen; Kitchen Dining; Snack Bar/Counter
Electric: Three Phase
Parking Features: Attached Carport
Property Condition: Resale
Appliances: Dishwasher; Dryer; Electric Range; Microwave; Refrigerator; Washer; Water Heater
Water Heater Details: Electric Water Heater
Architectural Style: Key West
Boat and Dock Features: Private Dock
Construction Materials: Concrete
Cooling: Ceiling Fan(s); Central Air
Heating: Central
Interior Features: Bedroom Layout - Stacked
Laundry Features: Inside
Listing Terms: Cash; Conventional; Lease Option; Lease Purchase; Owner Will Carry
Membership: No Membership Available
Pets Allowed YN: Yes
Possession: Negotiable
Restrictions: No Restrictions
Roof: Metal
Sewer: Public Sewer
Tax Information: City/County; New Construction
Utilities: Cable Available; Sewer Available; Water Available
Water Access: No Fixed Bridge; Ocean Access
Water Source: Public
Water View: Ocean
Waterfront Features: Navigable Water; Ocean Front; Seawall; No Fixed Bridges
Showing Requirements: 24 Hour Notice; Appointment Only; Occupied
Occupant Details: Tenant Occupied
Outdoor Living Spaces: Balcony; Deck; Patio
Balcony Details: Balcony - Open
Patio Details: Patio - Covered
Contingencies: None
Contributions Detail: Closing Costs
Room Types: Family Room; Kitchen; Laundry; Living Room; Master Bedroom
Acreage Description: 1 To Less Than 2 Acre Lot
Supplements
Monthly rental rates average $12,400/mo for units 1-5 and $16,500/mo for units 6-8. Marathon is a 10-mile-long island community conveniently situated in the middle of the Keys island chain, comprised mainly of Vaca Key, Fat Deer Key and Grassy Key. Residents, snowbirds and visitors enjoy Marathon's fishing heritage, an old-Keys lifestyle and seafaring traditions, a theme celebrated in the area's accommodations, such as private waterfront vacation homes, small hotels, beachside inns and tropical, family-style resorts; and annual seafood festivals and waterside restaurants that harvest fresh fish, lobster and stone crab claws from local waters. Marathon is one of the Keys' most marine-friendly cities with nearly 1,200 wet slips, 1,200 dry slips and major facilities to accommodate transient cruisers.Marathon City Marina, considered the Keys' jewel for cruisers, administers 226 mooring balls and has limited dockage. Both mooring balls and dockage are available by the day, week or month.There are also special mooring and managed anchorage fields in Boot Key Harbor as part of a statewide environmental protection pilot program. Boats on a mooring ball do pay a fee.Other features include two dinghy docks, storage, private showers and bathroom facilities, social center, coin-operated laundry and parking.Florida Keys Marathon International Airport busily accommodates a full range of services for general aviation enthusiasts and corporate jet operators. Two full-service FBO's offer fuel, maintenance, tie-down, pilot and passenger facilities. Ground transportation options are available including an airport shuttle, car rental agencies and taxi service.Marathon offers spectacular sailing, fishing, world-class wreck and reef diving and snorkeling, in addition to the island's impeccably maintained beaches, eco-attractions and marine-based educational programs.Iconic learning centers with educational focus where visitors can enjoy unique interactive experiences include The Turtle Hospital, which was the world's first licensed veterinary hospital dedicated to the treatment of sea turtles, and Dolphin Research Center, a not-for-profit education and research facility since 1984.Florida Keys Aquarium Encounters features a coral reef exhibit and a predatory fish habitat housed in a 200,000-gallon interconnected saltwater aquarium.Visitors can enjoy an immersive, interactive experience where they can touch, feel and feed reef fish, invertebrates, stingrays and even sharks.At Crane Point Museum, Nature Center & Historic Site, visitors can hike through a wondrously preserved tropical hardwood grove and visit the home of an early 20th-century settler family.Visitors to the five-acre Pigeon Key venture back in time to experience a tiny island that once served as a home base for workers building the Florida Keys Over-Sea Railroad.A federally protected section of the United States' only living coral barrier reef lies just a few miles offshore, at teeming formations such as Delta Shoals, Coffin Patch and Sombrero Reef, shallow sites popular for students learning to scuba dive.In the deeper blue waters of the Florida Straits lie artificial reefs and the purposely-sunk wreck of the Thunderbolt.On the north side of the island lie the calm waters of the Gulf of Mexico, Florida Bay and the Keys backcountry.
Room Information
| Room Name | Length | Width | Level |
| Living Room | 18.00 | 12.00 | Main |
| Kitchen | 12.00 | 10.00 | Main |
| Master Bedroom | 16.00 | 12.00 | Main |
| Family Room | |||
| Laundry |

Listing Office: Compass Florida LLC
Last Updated: May - 16 - 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.