$1,100,000
SOLD MAY 15, 2025

11600 1st Avenue Gulf Unit 51 Marathon, FL 33050

3 Beds
2.5 Baths
1,600 Sq Ft
$1,100/mo HOA Fee

Recently Sold

$688 Per Sq Ft

8% Below List Price

25 Days on Market

Highlights

  • Property fronts gulf or ocean
  • Concrete Pool
  • Cathedral Ceiling
  • Coral Shores High School Rated A
  • Deck
  • Furnished

About This Home

As of May 2025

This end unit at Indigo Reef offers resort-style living, breathtaking Gulf views & prime Marathon location in the middle of the Fabulous Florida Keys!This vacation getaway is offering the perfect blend of investment income and personal enjoyment for you, your friends and family. A spacious, open floorplan, 3 bedrooms with balconies and sweeping Gulf views from the Primary Suite--ideal for enjoying coastal breezes or making memories watching the sunset.Enjoy the best of both worlds with immediate open Gulf access from your deeded dock, perfect for boating, fishing, paddle boarding, kayaking and just about any water sport you can imagine. Dive right into relaxation with a resort-style pool, stay fit in the exercise room, and enjoy the convenience of an ice machine for your refreshments or for a day on the boat. Centrally located near all of the Keys tourist activities, shopping, dining, and some of the very best diving & snorkeling. Don't miss this opportunity to own a piece of paradise in a prime location in the marvelous Middle Keys.

Last Agent to Sell the Property

Karen Raspe, PA

Ocean Sotheby's International License #3226605 Listed on: 02/09/2025

Ocean Sotheby's International

Last Buyer's Agent

Karen Raspe, PA

Ocean Sotheby's International License #3226605 Listed on: 02/09/2025

Ocean Sotheby's International

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $7,509

Year Built

  • Built in 2006

Lot Details

  • 1,140 Sq Ft Lot
  • Property fronts gulf or ocean
  • Property Fronts a Bay or Harbor

HOA Fees

  • $1,100 Monthly HOA Fees

Home Design

  • Shingle Roof
  • Metal Roof
  • HardiePlank Siding

Interior Spaces

  • 1,600 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Single Hung Windows
  • Blinds
  • French Doors
  • Storage
  • Tile Flooring
  • Gulf Views

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Granite Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • 1 Parking Space
  • Covered Parking
  • Electric Gate
  • Guest Parking
  • Assigned Parking

Pool

  • Concrete Pool
  • In Ground Pool
  • Pool Deck

Outdoor Features

  • Seawall
  • Dock made with Composite Material
  • Balcony
  • Deck

Utilities

  • Central Air
  • Heating Available
  • Separate Meters
  • Public Hookup Available For Sewer
  • Cable TV Available

Listing and Financial Details

  • Minimum Rental Period: 7
  • Assessor Parcel Number 00104180-001510

Community Details

Overview

  • Association fees include cable, common area mnt
  • 67 Units
  • Indigo Reef Marina Homes Subdivision

Recreation

  • Tennis Courts
  • Community Pool

Pet Policy

  • Pet Restriction: see HOA rules

Security

  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$7,509

Year Built

Built in 2006

Lot Details

0

HOA Fees

$1,100 per month

Listing Details

  • Property Type: Residential
  • Style: Townhouse
  • Additional Assessor Parcel Number 1: 00104180-002160
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Fee: 1100.00
  • Mandatory HOA: Yes
  • Control Depth: 3
  • Dockage Dock: Composite
  • Dockage Dock Length: 31
  • Dockage Seawall: Concrete
  • Fee Includes: Cable, Common Area Mnt
  • Handicap Access: No
  • 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
  • Neighborhood Feature: Community Pool, Tennis Courts
  • Off Shore Island: No
  • Pets W Restrictions: see HOA rules
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 7508.78
  • Title: Title Ins - Buyer
  • Vehicle Storage: Assigned Parking, Covered Parking, Guest Parking
  • Vehicle Storage Cars: 1
  • Year Built: 2006
  • Alternate Key Number: 9085931
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Lot Sq Ft: 1140.00
  • Pool Info: In Ground, Decked, Concrete
  • Porch Balcony: Open Porch/Balcony, Deck
  • Association Maintenance Fee Per: Monthly
  • Association Info Condo Docs: Yes
  • Shutters: Other
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 2 Stories
  • License Info Transient Rntl Licns: Yes
  • Estimated Living Sq Ft: 1600.00
  • Pre Wired: Cable
  • Financial Status Standard Sale: Yes
  • Sewer Hook Up: Yes
  • Unit Complex: Complex
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 2

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Granite Counter Top, Storage, Smoke Alarms, Cathedral Ceilings
  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Appliances: Washer, Stainless Steel Appliance(s), Microwave, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile
  • Half Bathrooms: 1
  • Windows/Doors: Single Hung Windows, French Doors
  • Total Bedrooms: 3

Exterior Features

  • Waterfront: Bay Front, Open Water, Gulf Front
  • Waterfront: Yes
  • Construction: Hardi Board Siding
  • Roof: Metal Roof, Shingle Roof
  • Waterview: Bay/Gulf View, Open Water View
  • Pool: Yes

Utilities

  • Security: Electric Gate
  • Utilities: FKAA, Elect Separate Meter, Buyer to Verify
  • Heating: Electric

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00104180-001510
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.03

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Furnished

Tax Info

  • Tax Year: 2023

Multi Family

  • Total Units: 67.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 8, 2021
Sold by
Schoodic Investments Llc
Bought by
Mitchell Jason and Mitchell Stacy
Current Estimated Value
$1,232,948

Purchase Details

Closed on
Mar 27, 2020
Sold by
Frank Nesseler
Bought by
Schoodic Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$0
Interest Rate
3.4%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 20, 2020
Sold by
Frank Nesseler
Bought by
Schoodic Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$0
Interest Rate
3.4%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 4, 2013
Bought by
Nesseler Frank

Purchase Details

Closed on
May 18, 2006
Sold by
Key Lime Family Development Inc
Bought by
Team Neu Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,060,000
Interest Rate
6.41%
Mortgage Type
Purchase Money Mortgage
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 $810,000 Attorney
Warranty Deed $645,000 None Listed On Document
Warranty Deed $645,000 None Listed On Document
Warranty Deed $500,000 --
Special Warranty Deed $1,325,000 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $0 Unknown
Previous Owner $383,000 New Conventional
Previous Owner $1,060,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2025 05/15/25 Sold $1,100,000 -8.3% $688 / Sq Ft
03/06/2025 03/06/25 Pending -- -- --
02/09/2025 02/09/25 For Sale $1,200,000 -- $750 / 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 $8,509 $876,578 $480,719 $395,859
2023 $8,509 $897,808 $521,262 $376,546
2022 $7,610 $705,848 $376,467 $329,381
2021 $5,979 $508,512 $271,056 $237,456
2020 $5,892 $508,216 $268,740 $239,476
2019 $6,146 $534,047 $304,070 $229,977
2018 $5,970 $536,623 $304,070 $232,553
2017 $6,271 $582,059 $0 $0
2016 $5,953 $531,182 $0 $0
2015 $5,423 $463,049 $0 $0
2014 $5,211 $429,275 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Karen Raspe, PA

    Seller's Agent in 2025

    Karen Raspe, PA

    Ocean Sotheby's International

    (305) 393-9010

    216 Total Sales

    Karen Raspe, PA
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Map

Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 613643

APN: 00104180-001540

Florida Monroe County Marathon 33050

11600 1st Avenue Gulf Unit 51, Marathon, FL

This home is located at 11600 1st Avenue Gulf Unit 51, Marathon, FL 33050 and is currently priced at $1,100,000, approximately $687 per square foot. This property was built in 2006. 11600 1st Avenue Gulf Unit 51 is a home located in Monroe County with nearby schools including Stanley Switlik Elementary School, Marathon Middle High School, and Coral Shores High School.

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