$475,000
SOLD APR 23, 2025

10877 Overseas Hwy Unit 41 Marathon, FL 33050

1 Bed
2 Baths
850 Sq Ft
5 Acres

Recently Sold

$559 Per Sq Ft

4% Below List Price

39 Days on Market

Highlights

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

About This Home

As of April 2025

Discover peaceful coastal living with this thoughtfully designed 1-bedroom, 2-bathroom townhouse nestled in picturesque Marathon, Florida inside the gated community of Ocean Isles. Fully furnished and newly constructed offering 850 square feet of comfortable, single-level living space, this property presents an ideal opportunity for those seeking a serene retirement, relaxing seasonal home, or income generating potential.Step inside to find modern interiors ready to become your personal sanctuary. The primary bedroom promises restful nights accompanied by gentle ocean waves. Both bathrooms feature contemporary fixtures and beautiful finishes, perfect for those prioritizing comfort, security, and simplicity.The property's greatest assets are its oceanfront location, private boat docks, tiki huts, and vibrant community. Enjoy direct water access for your vessel, making spontaneous boating adventures a daily possibility. The community's spectacular pool--the finest in the Keys--requires no maintenance on your part. The well-maintained recreation center, accessible oceanfront tiki huts, and convenient outdoor grills create perfect settings for entertaining visiting family or meeting new friends in the community.Whether you're looking to establish permanent roots or seeking a seasonal retreat, this property offers the ideal balance of independence and community living. The steady vacation rental market in Marathon also provides flexibility for those interested in generating additional income when not in residence.Located in a peaceful neighborhood within Marathon, you'll find yourself surrounded by like-minded neighbors who appreciate the area's tranquil atmosphere. Gentle walks along nearby Sombrero Beach, convenient access to medical facilities, and proximity to local shops and restaurants make daily living both enjoyable and practical.Welcome home to your piece of paradise in Marathon--where relaxed coastal living meets comfort and convenience.

Last Agent to Sell the Property

Edward Nolan

Keystime Vacation Rentals License #3245704 Listed on: 03/06/2025

Last Buyer's Agent

Edward Nolan

Keystime Vacation Rentals License #3245704 Listed on: 03/06/2025

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $4,286

Year Built

  • Built in 2022 | New Construction

Lot Details

  • Ocean Front

Property Views

  • Ocean
  • Harbor

Home Design

  • Metal Roof

Interior Spaces

  • 850 Sq Ft Home
  • Furnished
  • Ceiling Fan

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Granite Countertops
  • Built-In or Custom Kitchen Cabinets
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • Covered Parking
  • Electric Gate
  • Assigned Parking

Pool

  • Concrete Pool
  • In Ground Pool
  • Pool Deck

Outdoor Features

  • First Come-First Served Dock
  • Seawall
  • Boat Ramp
  • Boat Slip
  • Balcony
  • Tiki or Chickee Hut

Utilities

  • Ductless Heating Or Cooling System
  • Separate Meters
  • Cable TV Available

Listing and Financial Details

  • Minimum Rental Period: 7

Community Details

Overview

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

Pet Policy

  • Pets Allowed

Security

  • Impact Glass
  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,286

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: No
  • Association Fee: 650.00
  • Mandatory HOA: Yes
  • Control Depth: 5
  • Dockage Seawall: Concrete
  • Fee Includes: Exterminating, Other, Common Area Mnt, Building Insurance, Bldg Exterior Mnt
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: 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
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 4286.08
  • Title: Negotiable
  • Vehicle Storage: Assigned Parking, Covered Parking
  • Year Built: 2022
  • Alternate Key Number: 8575921
  • Building Style: Townhouse
  • Cooling Heating: Ceiling Fans(s), Ductless
  • Pool Info: In Ground, Decked, Concrete
  • Porch Balcony: Open Porch/Balcony
  • Association Info Condo Docs: Yes
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 850.00
  • Pre Wired: Cable
  • Financial Status Auction: No
  • Financial Status Standard Sale: Yes
  • Property Condition: New Construction
  • Sewer Hook Up: No
  • Unit Complex: Complex
  • Statistical Purposes Only: No
  • Special Features: NewHome
  • Property Sub Type: Townhouses

Interior Features

  • Interior Amenities: Built-in Cabinets, Window Treatments, Smoke Alarms, Granite Counter Top
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Washer, Stainless Steel Appliance(s), Disposal, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Windows/Doors: Impact Rstnce Window, Impact Rstnce Doors
  • Total Bedrooms: 1

Exterior Features

  • Dockage: First Come Dock, Boat Slip, Boat Ramp
  • Waterfront: Oceanfront
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Chickee Hut
  • Roof: Metal Roof
  • Waterview: Ocean View, Harbor/Marina View, Open Water View
  • Pool: Yes

Utilities

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

Lot Info

  • Deed Restrictions: No
  • Flood Zone: AE,AE,AE,VE,AE,VE
  • Land Size: 5 Less Than 10 Acres

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Furnished

Tax Info

  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2025
Closed on
Apr 23, 2025
Sold by
Everglades Llc
Bought by
Mary Ann Rule Revocable Trust and Rule
Seller's Agent
Edward Nolan
Keystime Vacation Rentals
Buyer's Agent
Edward Nolan
Keystime Vacation Rentals
List Price
$497,000
Sold Price
$475,000
Premium/Discount to List
-$22,000
-4.43%
Views
18
Current Estimated Value
$478,354

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,354
Avg. Annual Appreciation
1.92%

Purchase Details

Listed on
Nov 24, 2020
Closed on
Dec 29, 2020
Sold by
Cadaval David and Cadaval Olga
Bought by
Everglads Llc
Seller's Agent
Lisa Ferringo
Coldwell Banker Schmitt RE Co.
Buyer's Agent
Lisa Ferringo
Coldwell Banker Schmitt Lower Keys (KW)
List Price
$164,900
Sold Price
$140,000
Premium/Discount to List
-$24,900
-15.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.68%

Purchase Details

Closed on
Jul 22, 2005
Sold by
Obrien Elizabeth and Obrien Timothy
Bought by
Cadaval David and Cadaval Olga

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,250
Interest Rate
5.51%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 8, 2000
Sold by
Robau Ernesto and Kikol Lisa
Bought by
Obrien Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
8.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 1, 1990
Bought by
Cadaval David and Cadaval Olga

Purchase Details

Closed on
Jul 1, 1987
Bought by
Cadaval David and Cadaval Olga

Purchase Details

Closed on
Aug 1, 1981
Bought by
Cadaval David and Cadaval Olga
Source: Public Records

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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 $475,000 None Listed On Document
Warranty Deed $140,000 Attorney
Warranty Deed $215,000 --
Warranty Deed $61,000 --
Warranty Deed $32,500 --
Warranty Deed $26,800 --
Warranty Deed $26,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $204,250 Fannie Mae Freddie Mac
Previous Owner $45,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/23/2025 04/23/25 Sold $475,000 -4.4% $559 / Sq Ft
04/14/2025 04/14/25 Pending -- -- --
03/06/2025 03/06/25 For Sale $497,000 +255.0% $585 / Sq Ft
12/29/2020 12/29/20 Sold $140,000 -15.1% $165 / Sq Ft
12/16/2020 12/16/20 Pending -- -- --
11/24/2020 11/24/20 For Sale $164,900 -- $194 / Sq Ft
Source: Marathon and Lower Keys Association 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 $4,191 $432,225 -- $432,225
2023 $4,191 $411,881 $0 $411,881
2022 $1,336 $129,499 $0 $129,499
2021 $1,401 $129,499 $0 $129,499
2020 $1,010 $128,684 $0 $128,684
2019 $958 $125,508 $0 $125,508
2018 $1,071 $59,293 $0 $0
2017 $1,504 $107,466 $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: Marathon and Lower Keys Association of REALTORS®

MLS Number: 614062

APN: 00326381-004100