$1,850,000
SOLD APR 14, 2025

11275 5th Avenue Ocean Marathon, FL 33050

4 Beds
3 Baths
1,701 Sq Ft
5,991 Sq Ft Lot

Recently Sold

$1,088 Per Sq Ft

21% Below List Price

365 Days on Market

Highlights

  • Ocean Front
  • In Ground Pool
  • No HOA
  • Coral Shores High School Rated A
  • Furnished
  • Balcony

About This Home

As of April 2025

Welcome to Mystic Waters your tropical paradise in Marathon, Florida Keys! This stunning 4-bedroom, 3-full bath home is a rare gem directly nestled along the picturesque shores of the Atlantic Ocean. Meticulously remodeled to the studs and thoughtfully reimagined by the renowned local designer, Liz Samess Interiors, this residence is a testament to coastal elegance and luxury.As you step into this exquisite property, you'll be greeted by a seamless blend of modern comfort and upscale coastal charm. The brand-new kitchen is a culinary haven, boasting state-of-the-art appliances, sleek countertops, and ample storage space. The three full baths have been completely renovated to offer a spa-like experience, featuring high-end fixtures and contemporary design elements.Liz Samess Interiors has worked her magic throughout, ensuring that every corner of this home exudes sophistication. The coastal furnishings, curated with impeccable taste, are negotiable, allowing you to tailor this haven to your personal style.Imagine waking up to the gentle sound of waves and enjoying your morning coffee on your private oceanfront terrace. With panoramic views of the turquoise waters, this home provides an unparalleled connection to nature. The expansive living spaces seamlessly flow from indoors to outdoors, creating the perfect setting for entertaining or simply unwinding with loved ones.Beyond its breathtaking aesthetics, this property offers an incredible investment opportunity. With its prime oceanfront location and the allure of the Florida Keys, this home is poised to become a highly sought-after vacation rental. Whether you're looking for a luxurious full-time residence or a lucrative income-generating property, this home caters to your every need.Don't miss the chance to make this coastal masterpiece yours - a haven where the beauty of the Florida Keys converges with the epitome of refined living. Schedule your private viewing today

Last Agent to Sell the Property

Kelly Willey

Coco Plum Real Estate Brokerage Email: kellywilleyteam@gmail.com License #3084960 Listed on: 03/04/2024

Last Buyer's Agent

Natalie Ardis

Coldwell Banker Schmitt Real Estate Co. License #3231276

Coldwell Banker Schmitt Real Estate Co.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,327

Year Built

  • Built in 1955 | Remodeled

Lot Details

  • 5,991 Sq Ft Lot
  • Ocean Front
  • Sprinkler System
  • Property is zoned RL - Residential Low

Home Design

  • Metal Roof

Interior Spaces

  • 1,701 Sq Ft Home
  • Furnished
  • Tile Flooring
  • Ocean Views
  • Dryer

Kitchen

  • Oven
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms

Home Security

  • Impact Glass
  • Fire and Smoke Detector

Parking

  • Garage
  • Automatic Garage Door Opener

Pool

  • In Ground Pool
  • Pool Deck
  • Fiberglass Pool

Outdoor Features

  • Seawall
  • Balcony
  • Patio

Utilities

  • Central Air
  • Public Hookup Available For Sewer
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Little Venice Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00344720-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,327

Year Built

Built in 1955 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Control Depth: 6
  • Dockage Seawall: Concrete
  • Document Count: 7
  • Fee Includes: None
  • Key Island: Marathon
  • Limited Representation: No
  • Marathon Neighborhood: Marathon East - Ocean (Airport to Vaca)
  • Mile Marker: 53.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 11327.42
  • Title: Title Ins - Buyer
  • Vehicle Storage: Garage, Auto Door Opener
  • Year Built: 1955
  • Alternate Key Number: 1422631
  • Cooling Heating: Central Air
  • Lot Sq Ft: 5991.00
  • Pool Info: In Ground, Decked, Fiberglass
  • Porch Balcony: Open Porch/Balcony, Roof Top Deck, Patio
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 1701.00
  • Pre Wired: Cable
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Attribution Contact: kellywilleyteam@gmail.com
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Smoke Alarms, Walk-in Closet(s)
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Dryer, Disposal, Oven, Refrigerator, Dishwasher
  • Floor: Tile
  • Windows/Doors: Impact Rstnce Window
  • Total Bedrooms: 4

Exterior Features

  • Waterfront: Oceanfront, Open Water
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Sprinkler System
  • Roof: Metal Roof
  • Waterview: Ocean View, Open Water View
  • Pool: Yes

Utilities

  • Utilities: FKAA, Other - See Remarks, Buyer to Verify, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE,VE,VE
  • Parcel Number: 00344720-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.14

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Furnished, Negotiable

Tax Info

  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2024
Closed on
Apr 11, 2025
Sold by
Adventure Properties Llc
Bought by
Salty Toes Ventures Llc
Seller's Agent
Kelly Willey
Coco Plum Real Estate
Buyer's Agent
Natalie Ardis
Coldwell Banker Schmitt Real Estate Co.
List Price
$2,338,000
Sold Price
$1,850,000
Premium/Discount to List
-$488,000
-20.87%
Views
195
Current Estimated Value
$1,695,808

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$154,192
Avg. Annual Appreciation
-21.04%
Original Mortgage
$1,387,500
Outstanding Balance
$1,387,500
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$368,833

Purchase Details

Listed on
Aug 2, 2019
Closed on
Nov 14, 2019
Sold by
Karen Nielsen
Bought by
Adventure Properties Llc
Seller's Agent
Rick Servais
Coldwell Banker Schmitt Real Estate Co.
Buyer's Agent
Kelly Willey
Coco Plum Real Estate
List Price
$968,000
Sold Price
$950,000
Premium/Discount to List
-$18,000
-1.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.01%

Purchase Details

Listed on
Aug 2, 2019
Closed on
Nov 4, 2019
Sold by
Karen Nielsen
Bought by
Adventure Properties Llc
Seller's Agent
Rick Servais
Coldwell Banker Schmitt Real Estate Co.
Buyer's Agent
Kelly Willey
Coco Plum Real Estate
List Price
$968,000
Sold Price
$950,000
Premium/Discount to List
-$18,000
-1.86%

Purchase Details

Closed on
Aug 27, 2004
Sold by
Nielsen Karen
Bought by
Nielsen Karen and Nielsen Kevin Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$534,281
Interest Rate
5.91%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 22, 2004
Sold by
Nielsen Karen and Nielsen Kevin Michael
Bought by
Nielsen Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$534,281
Interest Rate
5.91%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 1, 1986
Bought by
Nielsen Karen

Purchase Details

Closed on
Feb 1, 1971
Bought by
Nielsen Karen
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 $1,850,000 None Listed On Document
Warranty Deed $1,850,000 None Listed On Document
Warranty Deed $950,000 None Listed On Document
Warranty Deed $950,000 None Listed On Document
Interfamily Deed Transfer -- Crest Title Company
Interfamily Deed Transfer -- --
Warranty Deed $90,000 --
Deed $26,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,387,500 New Conventional
Closed $1,387,500 New Conventional
Previous Owner $938,250 Reverse Mortgage Home Equity Conversion Mortgage
Previous Owner $534,281 Unknown
Previous Owner $25,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/14/2025 04/14/25 Sold $1,850,000 -7.5% $1,088 / Sq Ft
03/04/2025 03/04/25 Pending -- -- --
11/19/2024 11/19/24 Price Changed $1,999,000 -14.5% $1,175 / Sq Ft
11/19/2024 11/19/24 For Sale $2,338,000 +26.4% $1,374 / Sq Ft
09/06/2024 09/06/24 Off Market $1,850,000 -- --
07/16/2024 07/16/24 Price Changed $2,338,000 -0.2% $1,374 / Sq Ft
05/22/2024 05/22/24 Price Changed $2,343,000 -0.1% $1,377 / Sq Ft
04/02/2024 04/02/24 Price Changed $2,345,000 -2.1% $1,379 / Sq Ft
03/16/2024 03/16/24 Price Changed $2,395,000 0.0% $1,408 / Sq Ft
03/15/2024 03/15/24 Price Changed $2,395,000 -9.6% $1,408 / Sq Ft
03/04/2024 03/04/24 For Sale $2,650,000 +178.9% $1,558 / Sq Ft
11/04/2019 11/04/19 Sold $950,000 -1.9% $558 / Sq Ft
09/27/2019 09/27/19 Pending -- -- --
08/02/2019 08/02/19 For Sale $968,000 -- $569 / 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 $11,327 $1,610,553 $1,200,372 $410,181
2023 $11,327 $1,519,158 $1,165,324 $353,834
2022 $10,124 $1,247,947 $915,125 $332,822
2021 $8,732 $828,988 $555,890 $273,098
2020 $8,051 $772,562 $470,219 $302,343
2019 $3,184 $314,916 $0 $0
2018 $3,594 $369,447 $0 $0
2017 $3,522 $361,849 $0 $0
2016 $3,283 $354,407 $0 $0
2015 $3,268 $351,943 $0 $0
2014 $3,313 $349,150 $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: 609049

APN: 00344720-000000