$2,399,000
NEW CONSTRUCTION $101K PRICE DROP

229 Pescayo Ave Marathon, FL 33050

Marathon Area

Estimated payment $14,342/month

Total Views 22,814
4 Beds
4.5 Baths
2,040 Sq Ft
$1,176 Price per Sq Ft

Highlights

  • New Construction
  • 0.38 Acre Lot
  • Furnished
  • Coral Shores High School Rated A
  • Home fronts a canal
  • Quartz Countertops

About This Home

Looking for the best of both worlds? Enjoy your vacation home and let it pay for its self when your not. Since January 2024, 229 Pescayo has hosted 113 stays across 860 guest nights and generated $512,831 in accommodation revenue.

An incredible 88% occupancy rate
4.96 / 5.0 guest rating
Fully furnished, income-generating from day one -- zero ramp-up period

This isn't a fixer-upper with 'potential.' It's a proven, cash-flowing short-term rental with the reviews, occupancy, and forward bookings to prove it -- built in 2023 and already established as one of the area's busiest vacation rentals.

Why It Performs:
Every finish was chosen to drive nightly rate and occupancy, not just curb appeal. Boaters and premium-amenity guests are the target market, and the property is built to convert them into repeat bookings:

72' of deep-water dockage, water & electric at dock, outdoor lighting
Less than 10 minutes to open water & Vaca Cut for Gulf access
Heated pool with paver decking
Covered entertaining area + large covered upper terrace for shaded, salt-air living
240V EV charger
800 sq ft storage enclosure
Aluminum gated vehicle access + security cameras

The Property:
Double doors open into an open-concept kitchen and living space -- quartz countertops, tile backsplash, built-in wine cooler, and tile flooring throughout. Four master suites, each with a private bath, plus an additional half bath for guests. Sold fully furnished -- dishes, linens, smart TVs, all of it.

Bottom Line:
No lease-up, no renovation, no guesswork on rates. Bring your boat -- the income is already running.

Listing Agent

Kim Show

Coldwell Banker Schmitt Real Estate Co. License #3220812 Listed on: 05/13/2026

Coldwell Banker Schmitt Real Estate Co.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,262

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 10,907 Sq Ft Lot
  • Home fronts a canal
  • Property is zoned RH - Residential High

Home Design

  • Metal Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,040 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Storage
  • Canal Views

Kitchen

  • Oven
  • Microwave
  • Dishwasher
  • Wine Cooler
  • Stainless Steel Appliances
  • Quartz Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan

Laundry

  • Dryer
  • Washer

Home Security

  • Impact Glass
  • Fire and Smoke Detector

Parking

  • Carport
  • Electric Vehicle Home Charger
  • Guest Parking
  • Open Parking

Outdoor Features

  • Dock made with Composite Material
  • Exterior Lighting
  • Outdoor Storage

Utilities

  • Central Air
  • Separate Meters

Community Details

  • Coco Plum Beach Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00363451000500

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,262

Year Built

Built in 2023 | New Construction

Lot Details

0.25 Acres

Listing Details

  • Property Type: Residential
  • Dockage Dock: Composite
  • Year Built: 2023
  • Property Condition: New Construction
  • Property Sub Type: Single Family Residence
  • LotSizeAcres: 0.38
  • Lot Size: X
  • Co List Office Mls Id: 2230
  • Co List Office Phone: 305-743-5181
  • Subdivision Name: Coco Plum Beach (54.5)
  • Vehicle Storage: Carport, Open Parking, Guest Parking, Covered Parking
  • Waterview: Canal View
  • Special Features: 4098

Interior Features

  • Interior Amenities: Storage, Quartz Countertops
  • Appliances: Washer, Dryer, Dishwasher, Refrigerator, Oven, Microwave, Disposal, Wine Cooler, Stainless Steel Appliance(s)
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Interior Features: Split Bedroom, Smoke Alarms, Storage, Window Treatments, Quartz Countertops
  • WindowsDoors: Impact Rstnce Window, Impact Rstnce Doors

Exterior Features

  • Waterfront: Yes
  • Exterior Features: Lighting, Storage
  • Construction Type: CBS
  • Waterfront: Canal Front
  • Roof: Metal Roof

Utilities

  • Utilities: Water Separate Meter, Elect Separate Meter
  • Cooling: Central Air, Ceiling Fans(s)
  • Utilities: FKAA, Water Separate Meter, Elect Separate Meter

Condo/Co-op/Association

  • Pets Allowed: Yes

Lot Info

  • Parcel Number: 00363451000500
  • Lot Size Sq Ft: 10907.0

Rental Info

  • Furnished: Furnished

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 13262.44

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $13,262 $1,788,214 $928,963 $859,251
2024 $4,465 $1,529,745 $806,587 $723,158
2023 $4,465 $375,487 $375,487 $0
2022 $3,834 $350,456 $350,456 $0
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/01/2026 08/01/26 Price Changed $2,399,000 -2.1% $1,176 / Sq Ft
06/23/2026 06/23/26 Price Changed $2,450,000 -2.0% $1,201 / Sq Ft
05/13/2026 05/13/26 For Sale $2,500,000 -- $1,225 / Sq Ft
Source: Marathon and Lower Keys Association of REALTORS®

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Deed -- Cunningham Miller Rhyne Pa
Warranty Deed $75,000 Cunningham Miller Rhyne Pa
Warranty Deed $335,500 Cunningham Miller Rhyne Pa
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $280,000 Construction
Source: Public Records

Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 619881

APN: 00363451-000500

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