NOT LISTED FOR SALE

11890 1st Avenue Gulf Unit 1 Marathon, FL 33050

Estimated Value: $2,336,648 - $2,815,000

5 Beds
4 Baths
2,607 Sq Ft
$993/Sq Ft Est. Value

Last Sold June 13, 2022

Last sale price $2,150,000 $825 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $15,212/month

49 Days on Market

Highlights

  • Ocean View
  • In Ground Pool
  • Furnished
  • Coral Shores High School Rated A
  • Waterfront
  • Stainless Steel Appliances

About This Home

As of June 2022

Picture perfect location in Paradise!!! This beautiful 5-bedroom, 4-bathroom waterfront home is located at The Tides at Vaca Cut. One of only 9 single family homes nestled in a lusciously landscaped and gated community in the heart of Marathon. Enjoy stunning sunrises and sunsets from your balconies overlooking the waterway. Launch your boat from your deeded dock and be out in the Atlantic Ocean or The Gulf of Mexico in just minutes. Professionally decorated and furnished, this home features a large owners suite with walk-in closet, a junior suite, and three additional spacious bedrooms. The 1st floor living area has plenty of room for entertaining family and friends, featuring quartz countertops and upgraded stainless-steel appliances in the kitchen to include waterfall quartz island with seating, an oversized pantry, and a dry bar entertainment area. Crown molding, upgraded 7-inch baseboards and luxury vinyl plank flooring throughout. As you walk into the fenced in backyard you will find beautifully landscaped area with palm trees, a heated swimming pool with a paved deck, and barbeque grill. The community offers private dock access with fish cleaning tables, waterfront gazebo, dog walk, and community trash pickup. Great vacation rental income potential! This property is located on the Beautiful Vaca Cut waterway.

Last Agent to Sell the Property

Angela Mitchell, PA

The New Home Spot, Inc. License #3095546 Listed on: 04/18/2022

Last Buyer's Agent

Steven Bombino

Coldwell Banker - Pinecrest License #3392617

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,952

Year Built

  • Built in 2020

Lot Details

  • 4,558 Sq Ft Lot
  • Waterfront
  • Property is zoned RM - Residential Medium

Parking

  • Carport

Property Views

  • Ocean
  • Gulf

Interior Spaces

  • 2,607 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Fire and Smoke Detector

Kitchen

  • Oven
  • Range
  • Stainless Steel Appliances
  • Built-In or Custom Kitchen Cabinets
  • Disposal

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Pool

  • In Ground Pool
  • Fiberglass Pool

Outdoor Features

  • Balcony

Utilities

  • Central Air
  • Heat Pump System
  • Public Hookup Available For Sewer
  • Cable TV Available

Community Details

  • Property has a Home Owners Association
  • $707 Maintenance Fee
  • Association fees include common area mnt
  • Fat Deer Key Subdivision
  • The community has rules related to deed restrictions
  • Rental Restrictions

Listing and Financial Details

  • Homestead Exemption
  • Minimum Rental Period: 7
  • Assessor Parcel Number 00100740-000101

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,952

Year Built

Built in 2020

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: Yes
  • Association Fee: 707.00
  • Maintenance Fee: 707.00
  • Mandatory HOA: Yes
  • Fee Includes: Common Area Mnt, Other
  • Key Island: Marathon
  • Limited Representation: Yes
  • Marathon Neighborhood: Vaca East (Vaca to Coco)
  • Mile Marker: 53.00
  • Min Rental Days: 7.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 9952.26
  • Vehicle Storage: Carport
  • Year Built: 2020
  • Alternate Key Number: 9104531
  • Cooling Heating: Ceiling Fans(s), Heat Pump, Central Air
  • Lot Sq Ft: 4558.00
  • Pool Info: Fiberglass, In Ground
  • Porch Balcony: Open Porch/Balcony
  • Species List: Yes
  • Tax Exemptions: Homestead, None
  • Building Style Above Flood: Yes
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 2607.00
  • Pre Wired: Cable
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Built-in Cabinets, Pantry, Walk-in Closet(s), Smoke Alarms
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Appliances: Disposal, Washer, Stainless Steel Appliance(s), Refrigerator, Range, Oven, Dryer
  • Total Bedrooms: 5

Exterior Features

  • Waterfront: Open Water
  • Waterfront: Yes
  • Construction: CBS
  • Waterview: Bay/Gulf View, Ocean View
  • Pool: Yes

Utilities

  • Utilities: Cable Available

Lot Info

  • Deed Restrictions: Yes
  • Flood Zone: AE
  • Parcel Number: 00100740-000101
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Furnished

Tax Info

  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 18, 2022
Closed on
Jul 28, 2022
Sold by
Logistic Events Corp
Bought by
Lec Global Corp
Seller's Agent
Angela Mitchell, PA
The New Home Spot, Inc.
Buyer's Agent
Steven Bombino
Coldwell Banker - Pinecrest
List Price
$2,599,900
Sold Price
$2,150,000
Premium/Discount to List
-$449,900
-17.3%
Current Estimated Value
$2,587,912

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$437,912
Avg. Annual Appreciation
5.47%

Purchase Details

Listed on
Apr 18, 2022
Closed on
Jun 10, 2022
Sold by
Rouse Laurence S
Bought by
Logistic Events Corp
Seller's Agent
Angela Mitchell, PA
The New Home Spot, Inc.
Buyer's Agent
Steven Bombino
Coldwell Banker - Pinecrest
List Price
$2,599,900
Sold Price
$2,150,000
Premium/Discount to List
-$449,900
-17.3%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Lec Global Corp -- Lec Global Corp
Logistic Events Corp $2,150,000 New Title Company Name
Logistic Events Corp $2,150,000 New Title Company Name
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/13/2022 06/13/22 Sold $2,150,000 -12.2% $825 / Sq Ft
05/24/2022 05/24/22 Price Changed $2,450,000 -2.0% $940 / Sq Ft
05/05/2022 05/05/22 Price Changed $2,499,900 -3.8% $959 / Sq Ft
04/18/2022 04/18/22 For Sale $2,599,900 +126.1% $997 / Sq Ft
08/21/2020 08/21/20 Sold $1,150,000 0.0% $502 / Sq Ft View Prior Sale
05/03/2020 05/03/20 Off Market $1,150,000 -- --
02/17/2020 02/17/20 For Sale $1,195,000 -- $521 / Sq Ft
Source: Florida Keys Board 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
2025 $19,342 $2,094,700 $1,208,098 $886,602
2024 $18,221 $2,087,642 $1,208,098 $879,544
2023 $18,221 $1,912,100 $1,073,865 $838,235
2022 $10,248 $1,031,045 $321,510 $709,535
2021 $9,952 $952,315 $319,886 $632,429
2020 $1,678 $172,292 $172,292 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2022

    Angela Mitchell, PA

    The New Home Spot, Inc.

  • S

    Buyer's Agent in 2022

    Steven Bombino

    Coldwell Banker - Pinecrest

  • F

    Seller's Agent in 2020

    Franco D'Ascanio

    D Asign Source Realty Inc.

  • Angela Mitchell

    Buyer's Agent in 2020

    Angela Mitchell

    Florida Keys Real Estate Group

    (772) 323-1510

    39 in this area

    42 Total Sales

    Angela Mitchell
    Section Image
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 600610

Florida Keys Board of REALTORS®

APN: 00100740-000101

Florida Monroe County Marathon 33050

11890 1st Avenue Gulf Unit 1, Marathon, FL

Not Listed for Sale

Detached

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