$2,850,000
$49K PRICE DROP

120 Pirates Cove Dr Marathon, FL 33050

Estimated payment $16,325/month

Total Views 7,679
4 Beds
4 Baths
3,476 Sq Ft
$820 Price per Sq Ft

Highlights

  • Airstrip
  • Boat Ramp
  • Property fronts gulf or ocean
  • Coral Shores High School Rated A
  • Beach
  • Dock made with wood

About This Home

Experience waterfront living at its finest in this beautiful 2 story residence with a ground level elevated entry that has been renovated to achieve the perfect blend of coastal living with upscale entertaining in mind. Thoughtfully designed with an open and airy interior space, and grand entrance that flows effortlessly onto two outdoor balconies makes this residence perfect for entertaining or relaxing and enjoying the bay and sunset views. Features include a beautiful granite kitchen, custom and private bar area, open concept great room and neutral tiled flooring. The spacious chef's kitchen with granite counter tops and stainless steel appliances, a second level master suite with walk in closet, en suite bathroom with jetted tub and separate shower, three well appointed guest bedrooms, 3 bathrooms and office space off the main living area. Windowed porches allow for more living space outside of air-conditioned space as well as more entertaining room. Enjoy fishing off the dock or boating in and out of the area. The nearby community park boasts a small beach, and boat ramp which can be used to launch your boat. Restricted rentals makes this community even more desirable due to less vacation rentals and more serenity. This open water bay front home is located near Marathon Airport and the property can be purchased on one lot or can be combined with two parcels for potentially more living space, a cabana accessory structure, pool, putting green, or pickle ball court. Buy both for future potential living space or simply enjoy the green space overlooking the Florida Bay. Additional lot can be purchase separately and is contiguous to this home on 120 Pirates Cove Drive in exclusive and gated Stirrup Key.

Listing Agent

TEAM Walters Gloria, Rachel and Michae

Ocean Sotheby's International Realty License #662034_1 Listed on: 02/14/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,805

Year Built

  • Built in 1981 | Remodeled

Lot Details

  • 0.25 Acre Lot
  • Property fronts gulf or ocean
  • Property Fronts a Bay or Harbor
  • Property is zoned RM - Residential Medium

HOA Fees

  • $100 Monthly HOA Fees

Home Design

  • Metal Roof
  • Pre-Cast Concrete Construction

Interior Spaces

  • 3,476 Sq Ft Home
  • Partially Furnished
  • Bar
  • Tray Ceiling
  • Cathedral Ceiling
  • Ceiling Fan
  • Single Hung Windows
  • Sliding Doors
  • Entrance Foyer
  • Storage
  • Utility Room
  • Tile Flooring
  • Gulf Views

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Granite Countertops
  • Built-In or Custom Kitchen Cabinets

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer

Home Security

  • Complete Accordion Shutters
  • Fire and Smoke Detector

Parking

  • 4 Parking Spaces
  • Carport
  • Electric Gate
  • Guest Parking
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Airstrip
  • Rip-Rap
  • Dock made with wood
  • Screened Balcony
  • Outdoor Storage

Utilities

  • Central Heating and Cooling System
  • Public Hookup Available For Sewer
  • Community Sewer or Septic
  • Cable TV Available

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 00333641-003000

Community Details

Overview

  • Association fees include common area mnt, security
  • Stirrup Key Sub Subdivision

Recreation

  • Boat Ramp
  • Beach
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,805

Year Built

Built in 1981 | Remodeled

Lot Details

0

HOA Fees

$100 per month

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Approval Required: No
  • Association Fee: 1200.00
  • Mandatory HOA: Yes
  • Voluntary HOA: No
  • Control Depth: 3
  • Dockage Dock: Wood
  • Dockage Dock Length: 115
  • Dockage Seawall: Rip Rap
  • Fee Includes: Common Area Mnt, Security
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Handicap Access: No
  • Key Island: Marathon
  • Limited Representation: No
  • Marathon Neighborhood: Behind the Airport
  • Mile Marker: 52.50
  • Min Rental Days: 1.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Community Boat Ramp, Airstrip, Bike Paths, Beach
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 5805.20
  • Title: Title Ins - Buyer
  • Vehicle Storage: Carport, Trailer Storage, Covered Parking, Off Street Parking, Guest Parking, Open Parking
  • Vehicle Storage Cars: 4+
  • Year Built: 1981
  • Alternate Key Number: 1410004
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Lot Sq Ft: 12365.00
  • Porch Balcony: Screened P/B, Windowed P/B
  • Association Maintenance Fee Per: Yearly
  • Shutters: Accordion
  • Species List: No
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Yes
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 3476.00
  • Pre Wired: Cable
  • Financial Status Auction: No
  • Financial Status Standard Sale: Yes
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Cathedral Ceilings, Tray Ceilings, Bar, Window Treatments, Walk-in Closet(s), Storage, Smoke Alarms, Granite Counter Top, Built-in Cabinets, Entrance Foyer, Split Bedroom
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Appliances: Dryer, Stainless Steel Appliance(s), Microwave, Oven, Range, Refrigerator, Dishwasher
  • Floor: Tile
  • Specialty Rooms: Laundry Room, Utility Room
  • Windows/Doors: Single Hung Windows, Sliding Glass Doors
  • Total Bedrooms: 4

Exterior Features

  • Waterfront: Bay Front, Open Water, Gulf Front
  • Waterfront: Yes
  • Construction: CBS, Concrete
  • Exterior Features: Storage
  • Roof: Metal Roof, Other Roof, Combo Roof
  • Waterview: Bay/Gulf View, Open Water View
  • Pool: No

Utilities

  • Security: Electric Gate
  • Utilities: FKAA, Buyer to Verify, Municipal Sewer, Community Swr Plant
  • Heating: Central

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: VE,VE,AE
  • Parcel Number: 00333641-003000
  • Land Size: 1/4 - 1/2 Acre
  • Acres: 0.25

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Partially, Negotiable

Tax Info

  • Tax Year: 2023

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $5,805 $570,294 -- --
2023 $5,805 $553,684 $0 $0
2022 $5,726 $537,558 $0 $0
2021 $5,791 $521,901 $0 $0
2020 $5,644 $514,696 $0 $0
2019 $5,532 $503,125 $0 $0
2018 $5,274 $493,744 $0 $0
2017 $5,181 $483,589 $0 $0
2016 $5,222 $473,643 $0 $0
2015 $5,191 $470,351 $0 $0
2014 $5,268 $466,618 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2025 05/21/25 Price Changed $2,850,000 +225.7% $820 / Sq Ft
05/21/2025 05/21/25 Price Changed $875,000 +0.1% --
05/19/2025 05/19/25 Price Changed $874,000 -68.2% --
05/19/2025 05/19/25 Price Changed $2,749,000 -5.2% $791 / Sq Ft
02/14/2025 02/14/25 For Sale $2,899,000 +190.2% $834 / Sq Ft
02/14/2025 02/14/25 For Sale $999,000 -- --
Source: Florida Keys Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $335,000 --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $133,000 No Value Available
Closed $133,000 Small Business Administration
Closed $160,100 No Value Available
Open $500,000 Credit Line Revolving
Open $1,485,000 New Conventional
Closed $500,000 Credit Line Revolving
Source: Public Records

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Source: Florida Keys Board of REALTORS®

MLS Number: 613691

Florida Keys Board of REALTORS®

APN: 00333641-003000