$1,550,000
SOLD MAY 16, 2025

11765 5th Avenue Ocean Marathon, FL 33050

3 Beds
3 Baths
1,832 Sq Ft
6,750 Sq Ft Lot

Recently Sold

$846 Per Sq Ft

19% Below List Price

125 Days on Market

Highlights

  • Ocean Front
  • Boat Lift
  • No HOA
  • Coral Shores High School Rated A
  • Quartz Countertops
  • Stainless Steel Appliances

About This Home

As of May 2025

Stunning open water views of the Atlantic ocean directly from your living room! This 3 bedroom 3 bath home features a spacious open floorplan, with large bedrooms and over 1800 sq. feet of living space. Meticulously updated and ready for your family to begin your FL Keys adventure! Lower your boat on the 17K pound boat lift directly into the Atlantic ocean, point south and the next stop is the Bahamas. Absolutely one of the best locations on the island for boating access to the Gulf or Atlantic. Room for a pool. Plenty of parking for you and your guests. Walk to restaurants and shops from this quaint community of Little Venice in Marathon FL.

Last Agent to Sell the Property

Mark Gable

Engel & Volkers Marathon License #3472303 Listed on: 12/14/2024

Engel & Volkers Marathon

Last Buyer's Agent

Ginger Henderson

Coldwell Banker Schmitt Real Estate Co. License #184807

Coldwell Banker Schmitt Real Estate Co.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,733

Year Built

  • Built in 1957 | Remodeled

Lot Details

  • 6,750 Sq Ft Lot
  • Ocean Front
  • Fenced
  • Property is zoned RM - Residential Medium

Home Design

  • Metal Roof
  • Pre-Cast Concrete Construction

Interior Spaces

  • 1,832 Sq Ft Home
  • Blinds
  • Tile Flooring
  • Ocean Views
  • Impact Glass

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Quartz Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Carport
  • Guest Parking
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Boat Lift
  • Screened Patio
  • Outdoor Storage

Location

  • Ground Level

Utilities

  • Central Heating and Cooling System
  • Ductless Heating Or Cooling System
  • Public Hookup Available For Sewer
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Little Venice Subdivision
  • Rental Restrictions

Listing and Financial Details

  • Homestead Exemption
  • Minimum Rental Period: 7
  • Assessor Parcel Number 00346280-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,733

Year Built

Built in 1957 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Control Depth: 5
  • Dockage Dock Length: 75
  • Document Count: 4
  • Fee Includes: None
  • 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: 53.00
  • Min Rental Days: 7.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 8733.17
  • Title: Negotiable
  • Vehicle Storage: Carport, Off Street Parking, Guest Parking, Open Parking
  • Year Built: 1957
  • Alternate Key Number: 1424137
  • Building Style: Ground Level
  • Cooling Heating: Central Air, Ductless
  • Lot Sq Ft: 6750.00
  • Porch Balcony: Screened Patio
  • Species List: No
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 1832.00
  • Financial Status Auction: No
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Quartz Countertops, Pantry, Split Bedroom
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Washer, Stainless Steel Appliance(s), Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile
  • Windows/Doors: Impact Rstnce Window, Impact Rstnce Doors
  • Total Bedrooms: 3
  • Accessibility Features: None

Exterior Features

  • Dockage: Boat Lift
  • Waterfront: Oceanfront, Open Water
  • Waterfront: Yes
  • Construction: CBS, Concrete
  • Exterior Features: Fencing, Storage
  • Roof: Metal Roof
  • Waterview: Ocean View, Open Water View
  • Pool: No

Utilities

  • Utilities: FKAA, Cable Available, Buyer to Verify, Municipal Sewer
  • Heating: Central

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00346280-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.15

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 14, 2024
Closed on
May 16, 2025
Sold by
Lamay Troy and Lamay Holly
Bought by
Ocean On Fifth Llc
Seller's Agent
Mark Gable
Engel & Volkers Marathon
Buyer's Agent
Ginger Henderson
Coldwell Banker Schmitt Real Estate Co.
List Price
$1,925,000
Sold Price
$1,550,000
Premium/Discount to List
-$375,000
-19.48%
Views
74
Current Estimated Value
$1,567,989

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,989
Avg. Annual Appreciation
3.35%

Purchase Details

Closed on
Mar 30, 2020
Sold by
Ruggieri and Peggy
Bought by
Lamay Troy and Mathis Holly

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
New Conventional

Purchase Details

Closed on
Mar 11, 2020
Sold by
Ruggieri and Peggy
Bought by
Lamay Troy and Mathis Holly

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
New Conventional

Purchase Details

Closed on
Jun 9, 2009
Sold by
Hofmann Mildred K
Bought by
Ruggieri John and Ruggieri Peggy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
3.25%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 5, 2004
Sold by
Hofmann Mildred K and Hofmann Mildred L
Bought by
Hofmann Mildred K

Purchase Details

Closed on
Feb 1, 1975
Bought by
Ruggieri John and Ruggieri Peggy
Source: Public Records

Range of Values:

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Average Value
Not Available
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 $1,550,000 None Listed On Document
Warranty Deed $8,212,857 None Listed On Document
Warranty Deed $8,212,857 None Listed On Document
Deed $650,000 Attorney
Interfamily Deed Transfer -- --
Deed $68,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $0 New Conventional
Previous Owner $350,000 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2025 05/16/25 Sold $1,550,000 -12.7% $846 / Sq Ft
04/18/2025 04/18/25 Pending -- -- --
04/04/2025 04/04/25 Price Changed $1,775,000 -5.3% $969 / Sq Ft
01/15/2025 01/15/25 Price Changed $1,875,000 -2.6% $1,023 / Sq Ft
12/14/2024 12/14/24 For Sale $1,925,000 -- $1,051 / 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 $8,733 $953,835 -- --
2023 $8,733 $926,054 $0 $0
2022 $8,613 $899,082 $0 $0
2021 $8,754 $872,896 $587,773 $285,123
2020 $3,336 $329,831 $0 $0
2019 $3,262 $322,416 $0 $0
2018 $3,100 $316,405 $0 $0
2017 $3,037 $309,898 $0 $0
2016 $3,059 $303,524 $0 $0
2015 $3,047 $301,414 $0 $0
2014 $3,092 $299,022 $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: 612692

APN: 00346280-000000