NOT LISTED FOR SALE

10 Ocean E Marathon, FL 33050

Estimated Value: $2,306,000 - $2,985,000

5 Beds
3 Baths
1,614 Sq Ft
$1,649/Sq Ft Est. Value

Last Sold March 11, 2024

Last sale price $2,850,000 $1,766 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $15,981/month

202 Days on Market

Highlights

  • Ocean Front
  • Private Dock
  • RV or Boat Parking
  • Coral Shores High School Rated A
  • Built in 1992 | Newly Remodeled
  • Gated Community

About This Home

As of March 2024

Nestled within the coveted Ocean East peninsula in Marathon, FL, stands an exquisite oceanfront residence that epitomizes luxury living. This premier property is situated on one of the most esteemed and sought-after streets in Marathon, known for its unparalleled allure. This home has undergone extensive updates, including new storm impact windows and doors, a new kitchen, updated bathrooms, flooring, and tasteful furnishings. Capitalizing off this investment is easy; it currently holds a transferable vacation rental license through the City of Marathon and turnkey produces over $200K a year income with heavy owner usage. This makes it an attractive investment opportunity for those interested in vacation rentals.

Last Agent to Sell the Property

Kelly Randin

RE/MAX All Keys Real Estate License #3392660 Listed on: 07/15/2023

RE/MAX All Keys Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,206

Year Built

  • Built in 1992 | Newly Remodeled

Lot Details

  • 100 Ft Wide Lot
  • Ocean Front
  • East Facing Home
  • Property is zoned RM-1 - Residential

HOA Fees

  • $17 Monthly HOA Fees

Home Design

  • Tile Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,614 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Vaulted Ceiling
  • Ceiling Fan
  • Drapes & Rods
  • Blinds
  • French Doors
  • Tile Flooring
  • Direct Ocean Views
  • High Impact Windows

Kitchen

  • Dishwasher
  • Trash Compactor
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • 3 Full Bathrooms
  • Bathtub
  • Primary Bathroom includes a Walk-In Shower

Laundry

  • Laundry in Utility Room
  • Dryer
  • Washer

Parking

  • 4 Carport Spaces
  • Converted Garage
  • Circular Driveway
  • Paver Block
  • Open Parking
  • RV or Boat Parking

Outdoor Features

  • Fiberglass Pool
  • Property has ocean access
  • Private Dock
  • Balcony
  • Patio
  • Porch

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 00104670-001000

Community Details

Overview

  • Ocean East Subdivision

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,206

Year Built

Built in 1992 | Newly Remodeled

Lot Details

0.3 Acres

HOA Fees

$17 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1992
  • Property Sub Type: Single Family Residence
  • Architectural Style: Attached, Two Story
  • Garage Yn: No
  • Horses: No
  • Inclusions: Private Dock
  • New Construction: No
  • Structure Type: House
  • Subdivision Name: Ocean East (50.0)
  • Year Built Details: New Construction
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Trash Compactor, Dishwasher, Disposal, Dryer, Refrigerator, Washer
  • Interior Amenities: First Floor Entry, Second Floor Entry, French Doors, Vaulted Ceiling(s), Garage Converted, Utility Room/Laundry
  • Spa Yn: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Door Features: French Doors
  • Flooring: Tile
  • Furnished: Furnished
  • Living Area: 1614
  • Possible Use: Investment
  • Window Features: Blinds, Drapes, High Impact Windows, Impact Glass
  • Bedroom Features: At Least 1 Bedroom Ground Level, Primary Bath Shower, Primary Bath Tub
  • Living Room Features: Garage Converted, Utility Room/Laundry

Exterior Features

  • Roof: Curved/S-Tile Roof
  • View: Ocean, Direct Ocean
  • Exterior Features: Open Balcony
  • Construction Type: CBS Construction
  • Direction Faces: East
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Patio And Porch Features: Open Balcony, Open Porch, Patio
  • Pool Features: Fiberglass
  • Pool Private: No
  • Property Condition: New Construction
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: Ocean East (50.0)
  • Carport Spaces: 4
  • Covered Parking Spaces: 4
  • Open Parking: Yes
  • Parking Features: Circular Driveway, Paver Block, Rv/Boat Parking

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Utility Room/Laundry

Condo/Co-op/Association

  • Association Fee: 200
  • Association Fee Frequency: Annually
  • Association: Yes
  • Community Features: Gated Community
  • ResoAssociationFeeFrequency: Annually

Association/Amenities

  • MIAMIRE_TypeofAssociation: Voluntary

Lot Info

  • Parcel Number: 00104670-001000
  • Zoning: RM-1 - Residential
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 15206

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2023
Closed on
Mar 11, 2024
Sold by
Barnhill Kenosha Properties Llc
Bought by
John E Newberry Llc
Seller's Agent
Kelly Randin
RE/MAX All Keys Real Estate
List Price
$3,899,000
Sold Price
$2,850,000
Premium/Discount to List
-$1,049,000
-26.9%
Views
245
Current Estimated Value
$2,662,292

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$187,708
Avg. Annual Appreciation
-3.32%
Original Mortgage
$350,000
Interest Rate
6.63%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 23, 2021
Closed on
Mar 7, 2022
Sold by
Oceans Paradise Llc
Bought by
Barnhill Kenosha Properties Llc
Seller's Agent
Will Langley
Langley Knight Gardner Islamorada
Buyer's Agent
Will Langley
Langley Knight Gardner Islamorada
Sold Price
$2,600,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.67%

Purchase Details

Listed on
Jan 18, 2019
Closed on
Jul 19, 2019
Sold by
Garner Edward
Bought by
Oceans Paradise Llc
Seller's Agent
Teresa Yeider
American Caribbean Real Estate - Middle Keys
Buyer's Agent
Brenda Torrella
Chaplin Real Estate, Inc.
List Price
$1,900,000
Sold Price
$1,600,000
Premium/Discount to List
-$300,000
-15.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.19%
Original Mortgage
$1,375,000
Interest Rate
3.82%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jan 1, 1992
Bought by
Garner Edward

Purchase Details

Closed on
Jun 1, 1989
Bought by
Garner Edward

Purchase Details

Closed on
Jun 1, 1982
Bought by
Garner Edward

Purchase Details

Closed on
Feb 1, 1973
Bought by
Garner Edward
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
John E Newberry Llc $2,850,000 None Listed On Document
Barnhill Kenosha Properties Llc $2,600,000 Wright Barrows Pllc
Oceans Paradise Llc $1,600,000 Attorney
Garner Edward $237,500 --
Garner Edward $135,000 --
Garner Edward $55,000 --
Garner Edward $22,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed John E Newberry Llc $350,000
Previous Owner Oceans Paradise Llc $1,375,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/11/2024 03/11/24 Sold $2,850,000 -5.0% $1,766 / Sq Ft
02/02/2024 02/02/24 Pending -- -- --
01/18/2024 01/18/24 Price Changed $2,999,999 -9.1% $1,859 / Sq Ft
12/11/2023 12/11/23 Price Changed $3,299,000 -10.8% $2,044 / Sq Ft
08/15/2023 08/15/23 Price Changed $3,699,000 -5.1% $2,292 / Sq Ft
07/15/2023 07/15/23 For Sale $3,899,000 +50.0% $2,416 / Sq Ft
03/07/2022 03/07/22 Sold $2,600,000 -11.9% $1,611 / Sq Ft View Prior Sale
03/03/2022 03/03/22 Pending -- -- --
10/04/2021 10/04/21 For Sale -- -- --
09/28/2021 09/28/21 Pending -- -- --
09/23/2021 09/23/21 For Sale $2,950,000 +84.4% $1,828 / Sq Ft
07/19/2019 07/19/19 Sold $1,600,000 -15.8% $652 / Sq Ft View Prior Sale
05/21/2019 05/21/19 Pending -- -- --
01/18/2019 01/18/19 For Sale $1,900,000 -- $774 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $25,348 $2,441,894 $1,908,888 $533,006
2024 $23,618 $2,736,323 $2,176,850 $559,473
2023 $23,618 $2,441,968 $1,803,913 $638,055
2022 $15,206 $1,623,991 $1,044,225 $579,766
2021 $14,080 $1,318,267 $950,300 $367,967
2020 $13,805 $1,311,350 $950,300 $361,050
2019 $13,993 $1,364,926 $994,590 $370,336
2018 $13,115 $1,459,726 $1,006,155 $453,571
2017 $11,812 $1,261,389 $0 $0
2016 $12,235 $1,455,989 $0 $0
2015 $10,531 $1,129,282 $0 $0
2014 $10,259 $1,125,240 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11420031

MIAMI REALTORS® MLS

APN: 00104670-001000

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