$1,900,000
SOLD AUG 21, 2024

227 Pescayo Ave Marathon, FL 33050

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

Recently Sold

$1,092 Per Sq Ft

5% Below List Price

27 Days on Market

Highlights

  • Beach
  • New Construction
  • Home fronts a canal
  • Coral Shores High School Rated A
  • Concrete Pool
  • Furnished

About This Home

As of April 2025

Welcome to Paradise Point, a new construction waterfront home in the brand new subdivision of Coco Plum Estates. This contemporary 4 bedroom 3 bath home boasts a large master suite with walk in closet and huge walk in custom shower with floor to ceiling tile and glass shower enclosure. There is a second master with ensuite and private exit off the back porch. The two spacious guests rooms share a large jack and jill bathroom with tiled shower and glass shower enclosures. The living, dining and kitchen area was designed to flow perfectly for easy entertaining while spending time with family and friends. Impact French doors lead to the outdoor porch that overlooks the dock and pool. Take the stairs down to the backyard that has been thoughtfully laid out for a relaxing day of sunning pool side, taking in a game on the tv or playing around of ping pong or one of the many yard games. Refrigerator, sink and cabinets make it easy for you to BBQ without running back and forth upstairs. Large storage enclosure is perfect for storing your fishing and dive gear. Property is licensed as a vacation rental and has bookings in place. Home conveys fully furnished, turn key and professional management in place to ensure an easy transition of rental income. Located in Coco Plum Estates, one of Marathon's new luxury waterfront communities in Coco Plum, the boating access cannot be beat. Less than 10 minutes to the Ocean and quick access to the Gulf via Vaca Cut. Homes on this street vary from 2+ million and up. Heavily rented, call for showing appointment.

Last Agent to Sell the Property

Kim Show

Coldwell Banker Schmitt Real Estate Co. License #3220812 Listed on: 06/24/2024

Coldwell Banker Schmitt Real Estate Co.

Last Buyer's Agent

Monica Barrett

Coldwell Banker Schmitt Real Estate Co. License #SL3345718

Coldwell Banker Schmitt Real Estate Co.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,733

Year Built

  • Built in 2023 | New Construction

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
  • Furnished
  • Tile Flooring
  • Canal Views
  • Impact Glass

Kitchen

  • <<OvenToken>>
  • <<microwave>>
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Pool

  • Concrete Pool
  • In Ground Pool

Outdoor Features

  • Dock made with Composite Material
  • Outdoor Storage

Utilities

  • Central Air
  • Separate Meters
  • Cistern
  • Public Hookup Available For Sewer
  • Community Sewer or Septic

Listing and Financial Details

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

Community Details

Overview

  • No Home Owners Association
  • Coco Plum Beach Subdivision

Recreation

  • Beach
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,733

Year Built

Built in 2023 | New Construction

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: 9
  • 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: Beach, Bike Paths
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 3733.24
  • Title: Title Ins - Buyer
  • Year Built: 2023
  • Alternate Key Number: 9104807
  • Cooling Heating: Central Air
  • Lot Sq Ft: 10759.00
  • Pool Info: In Ground, Concrete
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 1740.00
  • Property Condition: New Construction
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Washer, Stainless Steel Appliance(s), Microwave, Oven, Refrigerator, Dishwasher, Dryer
  • Floor: Tile
  • Windows/Doors: Impact Rstnce Window, Impact Rstnce Doors
  • Total Bedrooms: 4

Exterior Features

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

Utilities

  • Utilities: FKAA, Elect Separate Meter, Community Swr Plant, 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: 610539

APN: 00363451-000400