$2,200,000
SOLD APR 14, 2025

227 Pescayo Ave Marathon, FL 33050

4 Beds
3 Baths
1,740 Sq Ft
10,759 Sq Ft Lot

Recently Sold

$1,264 Per Sq Ft

8% Below List Price

31 Days on Market

Highlights

  • Airstrip
  • Boat Ramp
  • Tennis Courts
  • Coral Shores High School Rated A
  • Beach
  • Concrete Pool

About This Home

As of April 2025

YOUR ULTIMATE KEYS GETAWAY... has just been found!!! Welcome to ''Paradise Point'', Like-New, Built in 2023, this solid CBS waterfront home is in the new subdivision of Coco Plum Estates. This contemporary OPEN CONCEPT layout, 4 bedroom /3 bath home, boasts LARGE Main suite with walk-in closet & a huge walk-in custom shower w/ floor to ceiling tile & glass shower enclosure. Enjoy a split floor plan between the main bedroom & guest bedrooms. There is a second master with an ensuite bath & its own private exit off the back porch. Two spacious guests rooms share a large jack & jill bathroom w/ tiled shower & glass shower enclosures. The living, dining & kitchen area was designed to flow perfectly for easy entertaining while spending time with family & friends. Convenient coffee bar & wine cooler in kitchen. Impact doors lead to the spacious outdoor porch area that overlooks the dock & pool areas. Take the stairs down to the backyard that has been thoughtfully laid out for a relaxing day of sunning or watching a game pool side or just playing ping pong or one of the many family games. Refrigerator, sink w/ water, bait freezer & cabinets make it easy for you to BBQ your fresh catch w/out running back and forth upstairs. The massive storage enclosure is ideal for storing all your fishing and dive gear. Property could be used as a vacation rental but is not currently being rented. Home conveys fully furnished, turn key. Located in Coco Plum Estates, one of Marathon's new luxury waterfront communities in Coco Plum, the boating access is fantastic w/ less than 10 minutes to the OCEAN & quick access to the Gulf via Vaca Cut. The Homes on this street are all 2+ million. This home will not last... NEWER construction CBS home, metal roof, built to last, located on a desirable street, close to the ocean, Coco Plum beach, walking/bike paths & all the best shops and restaurants. Active boat lift permit on hand (20K Lbs) if a buyer wishes to continue project post-closing.

Last Agent to Sell the Property

Monica Barrett

Coldwell Banker Schmitt Real Estate Co. License #SL3345718 Listed on: 02/11/2025

Coldwell Banker Schmitt Real Estate Co.

Co-Listed By

Rick Servais

Coldwell Banker Schmitt Real Estate Co. License #3238499

Last Buyer's Agent

Katie Carrillo

LPT Realty, LLC License #SL3429647

LPT Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,091

Year Built

  • Built in 2023

Lot Details

  • 10,759 Sq Ft Lot
  • Home fronts a canal
  • Fenced
  • Property is zoned RH - Residential High

Home Design

  • Metal Roof

Interior Spaces

  • 1,740 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Blinds
  • Storage
  • Tile Flooring
  • Canal Views

Kitchen

  • <<OvenToken>>
  • Range<<rangeHoodToken>>
  • <<microwave>>
  • Freezer
  • Dishwasher
  • Wine Cooler
  • Stainless Steel Appliances

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Home Security

  • Monitored
  • Impact Glass
  • Fire and Smoke Detector

Parking

  • 4 Parking Spaces
  • Carport
  • Open Parking
  • RV or Boat Parking

Pool

  • Concrete Pool
  • Heated In Ground Pool

Outdoor Features

  • Airstrip
  • Dock made with Composite Material
  • Tennis Courts
  • Balcony
  • Patio
  • Outdoor Storage
  • Rain Gutters

Utilities

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

Listing and Financial Details

  • Minimum Rental Period: 7
  • Assessor Parcel Number 00363451-000400

Community Details

Overview

  • No Home Owners Association
  • Coco Plum Beach Subdivision
  • RV Parking in Community

Recreation

  • Boat Ramp
  • Beach
  • Tennis Courts
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,091

Year Built

Built in 2023

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: 6
  • Dockage Dock: Composite
  • Dockage Dock Length: 76
  • Document Count: 6
  • Fee Includes: None
  • Key Island: Marathon
  • Limited Representation: No
  • Marathon Neighborhood: Coco Plum
  • Mile Marker: 54.50
  • Min Rental Days: 7.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Community Boat Ramp, Bike Paths, Airstrip, Other Area Features, Beach, Tennis Courts
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 11091.00
  • Title: Title Ins - Buyer
  • Vehicle Storage: Carport, RV Parking Open, Covered Parking, Trailer Storage, Open Parking
  • Vehicle Storage Cars: 4+
  • Year Built: 2023
  • Alternate Key Number: 9104807
  • Cooling Heating: Central Air
  • Lot Sq Ft: 10759.00
  • Pool Info: In Ground, Concrete
  • Pool Info Heated: Yes
  • Porch Balcony: Open Porch/Balcony, Patio
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 1 Story
  • Estimated Living Sq Ft: 1740.00
  • Financial Status Standard Sale: Yes
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Smoke Alarms, Window Treatments, Walk-in Closet(s), Storage, Split Bedroom
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Washer, Stainless Steel Appliance(s), Wine Cooler, Freezer, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile
  • Windows/Doors: Impact Rstnce Window, Impact Rstnce Doors
  • Appliances Other: Outdoor Fridge
  • Total Bedrooms: 4

Exterior Features

  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Fencing, Storage, Rain Gutters
  • Roof: Metal Roof
  • Waterview: Canal View
  • Pool: Yes

Utilities

  • Security: Patrolled Area
  • Utilities: FKAA, Water Separate Meter, Cable Available, Elect Separate Meter, Buyer to Verify, Cistern

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00363451-000400
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.13

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Furnished

Tax Info

  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 11, 2025
Closed on
Apr 5, 2025
Sold by
Bellucci Joseph and Bellucci Nancy
Bought by
Pullara Properties Llc
Seller's Agent
Monica Barrett
Coldwell Banker Schmitt Real Estate Co.
Buyer's Agent
Katie Carrillo
LPT Realty, LLC
List Price
$2,395,000
Sold Price
$2,200,000
Premium/Discount to List
-$195,000
-8.14%
Views
11
Current Estimated Value
$2,102,392

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$97,608
Avg. Annual Appreciation
7.47%

Purchase Details

Listed on
Jun 24, 2024
Closed on
Aug 21, 2024
Sold by
Gjt Developing Llc
Bought by
Bellucci Joseph J and Bellucci Nancy A
Seller's Agent
Kim Show
Coldwell Banker Schmitt Real Estate Co.
Buyer's Agent
Monica Barrett
Coldwell Banker Schmitt Real Estate Co.
List Price
$1,995,000
Sold Price
$1,900,000
Premium/Discount to List
-$95,000
-4.76%
Views
5

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.30%

Purchase Details

Closed on
Jan 11, 2022
Sold by
Coco Plum Est Marathon Llc
Bought by
Gjt Developing Llc
Source: Public Records

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Range of Values:

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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 $2,200,000 Republic Land & Title
Warranty Deed $2,200,000 Republic Land & Title
Warranty Deed $1,900,000 None Listed On Document
Warranty Deed $109,000 None Listed On Document
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/14/2025 04/14/25 Sold $2,200,000 -8.1% $1,264 / Sq Ft
03/14/2025 03/14/25 Pending -- -- --
02/11/2025 02/11/25 For Sale $2,395,000 +26.1% $1,376 / Sq Ft
08/21/2024 08/21/24 Sold $1,900,000 -4.8% $1,092 / Sq Ft
06/24/2024 06/24/24 For Sale $1,995,000 -- $1,147 / 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 $3,733 $1,398,372 $795,641 $602,731
2023 $3,733 $345,700 $345,700 $0
2022 $3,790 $345,700 $345,700 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 613639

APN: 00363451-000400