$178,000
SOLD AUG 2, 2019

10877 Overseas Hwy Unit 31 Marathon, FL 33050

1 Bed
1.5 Baths
750 Sq Ft
$141/mo HOA Fee

Recently Sold

$237 Per Sq Ft

4% Below List Price

64 Days on Market

Highlights

  • Ocean Front
  • Boat Ramp
  • Concrete Pool
  • Coral Shores High School Rated A
  • New Construction
  • Balcony

About This Home

As of August 2022

RARE OPPORTUNITY to own new construction in the heart of the Middle Keys. Ocean Isles Fishing Village is an ocean front property that is being rebuilt with concrete block construction on stilts. Two floors totaling 750 sf. This is a corner unit which provides more yard space and privacy. First floor will be your main living area, full size kitchen and half bath. The second level is a master bedroom with a full bathroom. The elevated pool overlooks the Atlantic Ocean with breathtaking views. The marina is protected by the Jack Tar Flats and offers immediate access to world class fishing. Build out to completion estimated at $100K per unit, buyer to verify with condo board. Don't wait prices will only go up. Under virtual tour there is a rendering video of the new Ocean Isles.

Last Agent to Sell the Property

Frank Griffiths

Ocean Sotheby's International License #SL 3339550 Listed on: 05/09/2019

Ocean Sotheby's International

Last Buyer's Agent

Donna Pezzi

Coldwell Banker Schmitt RE Co. Lower Keys Office

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $696

Year Built

  • Built in 2019 | New Construction

Lot Details

  • Ocean Front

HOA Fees

  • $141 Monthly HOA Fees

Home Design

  • Metal Roof

Interior Spaces

  • 750 Sq Ft Home
  • Tile Flooring
  • Ocean Views

Bedrooms and Bathrooms

  • 1 Bedroom

Parking

  • Covered Parking
  • Assigned Parking

Pool

  • Concrete Pool
  • Heated In Ground Pool
  • Pool Deck

Outdoor Features

  • First Come-First Served Dock
  • Boat Ramp
  • Balcony

Utilities

  • Separate Meters
  • Public Hookup Available For Sewer
  • Cable TV Available

Listing and Financial Details

  • Minimum Rental Period: 7
  • Assessor Parcel Number 00326381-003100

Community Details

Overview

  • Association fees include bldg exterior mnt, water, exterminating, building insurance, common area mnt, cable
  • Ocean Isles Fishing Subdivision
  • Rental Restrictions

Pet Policy

  • Pet Restriction: Service Animal

Property Details

Home Type

Condominium

Est. Annual Taxes

$696

Year Built

Built in 2019 | New Construction

Lot Details

0

HOA Fees

$141 per month

Listing Details

  • Property Type: Residential
  • Style: Condo
  • As Is Right To Inspect: Yes
  • First Right of Refusal: Yes
  • Association Fee: 141.13
  • Mandatory HOA: Yes
  • Control Depth: 4
  • Document Count: 3
  • Fee Includes: Bldg Exterior Mnt, Water, Exterminating, Building Insurance, Common Area Mnt, Cable
  • Handicap Access: No
  • Key Island: Marathon
  • Limited Representation: No
  • Marathon Neighborhood: Marathon East - Ocean (Airport to Vaca)
  • Mile Marker: 52.50
  • Min Rental Days: 7.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Pets W Restrictions: Service Animal
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 696.05
  • Title: Negotiable
  • Vehicle Storage: Assigned Parking, Covered Parking
  • Year Built: 2019
  • Alternate Key Number: 8575726
  • Pool Info: Concrete, In Ground, Decked
  • Pool Info Heated: Yes
  • Porch Balcony: Open Porch/Balcony
  • Association Maintenance Fee Per: Monthly
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 750.00
  • Property Condition: New Construction
  • Sewer Hook Up: Yes
  • Unit Complex: Complex
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Total Bathrooms: 1.10
  • Full Bathrooms: 1
  • Appliances: No Appliances
  • Floor: Tile
  • Half Bathrooms: 1
  • Total Bedrooms: 1
  • Sq Ft Remarks: Proposal for new condo build out should be approx 750 interior sq ft on two levels of living

Exterior Features

  • Dockage: Boat Ramp, First Come Dock
  • Waterfront: Oceanfront, Open Water
  • Waterfront: Yes
  • Construction: CBS
  • Roof: Metal Roof
  • Waterview: Ocean View, Open Water View
  • Pool: Yes

Utilities

  • Utilities: Buyer to Verify, Municipal Sewer, FKAA, Elect Separate Meter, Cable Available

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE,AE,AE,VE,VE
  • Parcel Number: 00326381-003100
  • Land Size: 5 Less Than 10 Acres

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2022
Closed on
Aug 29, 2022
Sold by
Imo Charles E and Imo Cheryl A
Bought by
Diggs Alexis and Wenzel Brian
Seller's Agent
Frank Griffiths
Ocean Sotheby's International
Buyer's Agent
Sam Williams
Coldwell Banker Schmitt Real Estate Co.
List Price
$579,000
Sold Price
$539,000
Premium/Discount to List
-$40,000
-6.91%
Views
1

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.29%
Original Mortgage
$431,200
Outstanding Balance
$415,859
Interest Rate
5.25%
Mortgage Type
Construction
Estimated Equity
$192,400

Purchase Details

Listed on
May 9, 2019
Closed on
Aug 2, 2019
Sold by
Bonafede Thomas and Bonafede Kimberly
Bought by
Imo Charles E and Imo Cheryl A
Seller's Agent
Frank Griffiths
Ocean Sotheby's International
Buyer's Agent
Donna Pezzi
Coldwell Banker Schmitt RE Co. Lower Keys Office
List Price
$186,000
Sold Price
$178,000
Premium/Discount to List
-$8,000
-4.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
43.29%

Purchase Details

Closed on
Mar 17, 2016
Sold by
Peter S Lou
Bought by
Bonafede Thomas and Bonafede Kimberly

Purchase Details

Closed on
Jun 1, 1990
Bought by
Bonafede Thomas and Bonafede Kimberly

Purchase Details

Closed on
Jul 1, 1984
Bought by
Bonafede Thomas and Bonafede Kimberly
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Warranty Deed $539,000 Wolfe Stevens Pllc
Warranty Deed $178,000 Attorney
Warranty Deed $120,000 All Keys Title & Notary Svcs
Warranty Deed $32,000 --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $431,200 Construction
Previous Owner $100,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2024 08/21/24 For Sale $649,000 +20.4% $764 / Sq Ft
08/30/2022 08/30/22 Sold $539,000 -5.3% $674 / Sq Ft
06/24/2022 06/24/22 Price Changed $569,000 -1.7% $711 / Sq Ft
06/01/2022 06/01/22 For Sale $579,000 +225.3% $724 / Sq Ft
08/02/2019 08/02/19 Sold $178,000 -4.3% $237 / Sq Ft
07/12/2019 07/12/19 Pending -- -- --
05/09/2019 05/09/19 For Sale $186,000 -- $248 / Sq Ft
Source: Florida Keys Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

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
2024 $4,709 $469,460 -- $469,460
2023 $4,709 $447,825 $0 $447,825
2022 $1,375 $133,628 $0 $133,628
2021 $1,442 $133,628 $0 $133,628
2020 $1,471 $138,711 $0 $138,711
2019 $987 $129,980 $0 $129,980
2018 $1,090 $61,330 $0 $0
2017 $2,455 $207,007 $0 $0
2016 $1,436 $95,627 $0 $0
2015 $1,450 $95,627 $0 $0
2014 $1,454 $93,486 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 585592

Florida Keys Board of REALTORS®

APN: 00326381-003100