11600 1st Avenue Gulf Unit 47 Marathon, FL 33050
Estimated payment $7,094/month
Total Views
7,000
3
Beds
3
Baths
1,600
Sq Ft
$719
Price per Sq Ft
About This Home
TURNKEY Indigo Reef villa is now available! This 3-bedroom, 2.5-bathroom townhome is a boaters dream and income-earning gem. The highly desired Indigo Reef complex offers resort-like amenities for homeowners and guests. This private, gated community is conveniently located minutes from the heart of Marathon, while peacefully tucked away on 10+ acres along the water's edge. The community features a spacious, heated pool with comfortable lounge chairs, an ice machine, kayak storage, a professional-grade gym, plus ample owner storage in the temperature-controlled HOA building -- perfect for bikes and fishing gear. Villa 47 stands out amongst the rest, offering breathtaking open-water views, vaulted ceilings, and a spacious open-concept downstairs living space. Throw open the French doors to expand your entertaining space further and unwind in the shade of the covered porch, overlooking manicured grounds and open water. Upstairs, you'll find a well-thought design with 3 bedrooms, 2 bathrooms, and laundry. Each bedroom features balcony access with the 2nd and 3rd bedrooms opening to the front balcony. The primary ensuite opens to the private, upper back deck overlooking the Gulf, where you can soak up the sun, relish the sunset views, or spend your nights stargazing.This home comes with an assigned covered parking space steps from the front entrance. Off the back porch, you'll find some of the best boating and fishing in the world. The 31' deeded boat slip is protected by mangroves while the deep-water channel is easy to maneuver and allows quick access to the Gulf and ocean via Vaca Cut.Fully furnished and currently a successful weekly vacation rental, the new owner can start earning income immediately with bookings in place through next spring. This home is a must-see! Call today to schedule your showing!
Listing Agent
Coldwell Banker Schmitt Real Estate Co. (KW) License #3527281 Listed on: 03/02/2025
Map
Townhouse Details
Home Type
Townhome
Est. Annual Taxes
$8,903
Year Built
2006
Lot Details
0
Listing Details
- Property Type: Residential
- Style: Townhouse
- Additional Assessor Parcel Number 1: 00104180-002070
- First Right of Refusal: Yes
- Association Fee: 1100.00
- Mandatory HOA: Yes
- Control Depth: 5
- Dockage Dock: Composite
- Dockage Dock Length: 31
- Document Count: 2
- Fee Includes: Common Area Mnt
- Key Island: Marathon
- Limited Representation: No
- Marathon Neighborhood: Marathon East - Gulf (Airport to Vaca)
- Mile Marker: 52.50
- Min Rental Days: 7.00
- M L S Identifier: 20060123165453488875000000
- Off Shore Island: No
- Pets: Pets Allowed
- Property Group I D: 19990816212109142258000000
- Side: Bay/Gulf
- State Province: FL
- Taxes: 7355.56
- Vehicle Storage: Assigned Parking, Covered Parking, Off Street Parking, Guest Parking
- Vehicle Storage Cars: 1
- Year Built: 2006
- Alternate Key Number: 9086008
- Building Style: Townhouse
- Cooling Heating: Central Air, Ceiling Fans(s)
- Lot Sq Ft: 1226.00
- Pool Info: In Ground, Concrete
- Pool Info Heated: Yes
- Porch Balcony: Open Porch/Balcony, Deck, Patio
- Association Maintenance Fee Per: Monthly
- Shutters: Accordion
- Tax Exemptions: None
- Building Style Above Flood: Unknown
- License Info Transient Rntl Licns: Yes
- Estimated Living Sq Ft: 1600.00
- Pre Wired: Cable
- Sewer Hook Up: Yes
- Unit Complex: Unit
- Statistical Purposes Only: No
- Special Features: None
- Property Sub Type: Townhouses
Interior Features
- Interior Amenities: Drapes/Blinds Incl, Built-in Cabinets, Storage, Smoke Alarms, Granite Counter Top
- Total Bathrooms: 3.00
- Full Bathrooms: 2
- Appliances: Washer, Stainless Steel Appliance(s), Disposal, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
- Floor: Tile
- Half Bathrooms: 1
- Total Bedrooms: 3
Exterior Features
- Dockage: Assigned Dock, Boat Slip
- Waterfront: Bay Front, Open Water, Canal Front, Gulf Front
- Waterfront: Yes
- Construction: Frame, Hardi Board Siding
- Roof: Metal Roof
- Waterview: Bay/Gulf View, Open Water View, Canal View
- Pool: Yes
Utilities
- Security: Electric Gate
- Utilities: FKAA, Water Separate Meter, Elect Separate Meter, Buyer to Verify
Lot Info
- Deed Restrictions: Unknown
- Flood Zone: AE
- Parcel Number: 00104180-001470
- Land Size: Less Than 1/4 Acre
- Acres: 0.03
Rental Info
- Rentals Allowed: With Restrictions
- Furnished: Furnished
Tax Info
- Tax Year: 2024
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
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 | $8,903 | $919,538 | $523,275 | $396,263 |
| 2023 | $8,903 | $952,738 | $567,406 | $385,332 |
| 2022 | $7,926 | $739,530 | $409,793 | $329,737 |
| 2021 | $6,438 | $554,975 | $295,051 | $259,924 |
| 2020 | $6,134 | $533,003 | $292,529 | $240,474 |
| 2019 | $6,264 | $546,158 | $315,226 | $230,932 |
| 2018 | $6,005 | $540,342 | $306,823 | $233,519 |
| 2017 | $6,122 | $586,177 | $0 | $0 |
| 2016 | $5,812 | $534,499 | $0 | $0 |
| 2015 | $5,297 | $465,894 | $0 | $0 |
| 2014 | $5,040 | $431,853 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/21/2025 07/21/25 | Price Changed | $1,150,000 | -4.2% | $719 / Sq Ft |
| 03/02/2025 03/02/25 | For Sale | $1,200,000 | -- | $750 / Sq Ft |
Source: Key West Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $851,000 | Florida Title Professional | |
| Warranty Deed | $700,000 | Attorney | |
| Quit Claim Deed | -- | Attorney | |
| Warranty Deed | -- | Attorney | |
| Special Warranty Deed | $425,600 | North American Title Company | |
| Trustee Deed | -- | Attorney | |
| Trustee Deed | -- | Attorney | |
| Special Warranty Deed | $1,325,000 | Attorney |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $17,550 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $993,750 | New Conventional |
Source: Public Records
Similar Homes in the area
Source: Key West Association of REALTORS®
MLS Number: 613988
APN: 00104180-001560
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