$539,000
SOLD AUG 30, 2022

10877 Overseas Hwy Unit 31 Marathon, FL 33050

1 Bed
2 Baths
800 Sq Ft
5 Acres

Recently Sold

$674 Per Sq Ft

7% Below List Price

55 Days on Market

Highlights

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

About This Home

As of August 2022

Ocean Isles Fishing Village is a seven-acre oceanfront complex being completely rebuilt above flood. Offering new concrete block construction in the heart of the Florida Keys, that allows seven-day rentals. Townhome thirty-one is an end unit two rows from the gate with distance views of the Atlantic Ocean. Two stories of modern living space totaling about 800 sq. ft. The main floor is your kitchen, living room, and full bath. The top floor is the master bedroom with full bath. Enjoy stunning views of the Atlantic Ocean as you lounge at the spectacular and enormous size pool. Featuring a convenient private boat ramp that makes it easy to pull your vessel in and out of the water at any preferred time. Smooth boating access from the Marina that is protected by the Jack Tar Flats, which offers a new seawall, bulkhead, and docks. Ocean Isles' convenient location in Marathon makes it the perfect getaway property to explore and enjoy the Florida Keys, whether you decide to go South or North. Do not wait any longer to own your piece of paradise. Under construction please do not enter the property.

Last Agent to Sell the Property

Frank Griffiths

Ocean Sotheby's International License #SL 3339550 Listed on: 06/01/2022

Ocean Sotheby's International

Last Buyer's Agent

Sam Williams

Coldwell Banker Schmitt Real Estate Co. License #3186658

Coldwell Banker Schmitt Real Estate Co.

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,442

Year Built

  • Built in 2022 | New Construction

Lot Details

  • Ocean Front

Home Design

  • Metal Roof

Interior Spaces

  • 800 Sq Ft Home
  • Ocean Views

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Full Bathrooms

Home Security

Parking

  • Covered Parking
  • Electric Gate
  • Assigned Parking

Pool

  • Concrete Pool
  • Heated In Ground Pool
  • Pool Deck

Outdoor Features

  • First Come-First Served Dock
  • Seawall
  • Boat Ramp
  • Dock Facilities
  • Dock made with Composite Material

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

  • Property has a Home Owners Association
  • Association fees include bldg exterior mnt, exterminating, building insurance, common area mnt
  • 125 Units
  • Ocean Isles Fishing Subdivision

Pet Policy

  • Pet Restriction: YES

Security

  • Impact Glass

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,442

Year Built

Built in 2022 | New Construction

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Townhouse
  • As Is Right To Inspect: Yes
  • First Right of Refusal: Yes
  • Association Fee: 157.74
  • Mandatory HOA: Yes
  • Control Depth: 4
  • Dockage Dock: Composite
  • Dockage Seawall: Concrete
  • Document Count: 1
  • Fee Includes: Bldg Exterior Mnt, Other, Exterminating, Building Insurance, Common Area Mnt
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • 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: YES
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 1441.69
  • Title: Negotiable
  • Vehicle Storage: Assigned Parking, Covered Parking
  • Year Built: 2022
  • Alternate Key Number: 8575726
  • Building Style: Townhouse
  • Pool Info: Concrete, In Ground, Decked
  • Pool Info Heated: Yes
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 800.00
  • Property Condition: New Construction
  • Sewer Hook Up: Yes
  • Unit Complex: Complex
  • Statistical Purposes Only: No
  • Special Features: NewHome
  • Property Sub Type: Townhouses
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: No Appliances
  • Windows/Doors: Impact Rstnce Doors, Impact Rstnce Window
  • Total Bedrooms: 1
  • Sq Ft Remarks: Two floors totaling about 800 sq. ft.

Exterior Features

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

Utilities

  • Security: Electric Gate
  • Utilities: Buyer to Verify, Water Separate Meter, Municipal Sewer, FKAA, Elect Separate Meter, Cable Available

Lot Info

  • Deed Restrictions: No
  • Flood Zone: AE,AE,AE,VE,VE
  • Parcel Number: 00326381-003100
  • Land Size: 5 Less Than 10 Acres

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2021

Multi Family

  • Total Units: 125.00

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

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Range of Values:

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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: 601236

Florida Keys Board of REALTORS®

APN: 00326381-003100