$675,000
SOLD JUN 26, 2023

2600 Overseas Hwy Unit Tranquility Bay 25 Marathon, FL 33050

3 Beds
3.5 Baths
1,100 Sq Ft
$1,768/mo HOA Fee

Recently Sold

$614 Per Sq Ft

16% Below List Price

119 Days on Market

Highlights

  • Beach
  • Property fronts gulf or ocean
  • Furnished
  • Coral Shores High School Rated A
  • Concrete Pool
  • Stainless Steel Appliances

About This Home

As of June 2023

PRICED TO SELL! Picturesque paradise found at Tranquility Bay Beach Resort in Marathon, TripAdvisor's winner of the 2021 Traveler's Choice Award. Discover the luxury of on-site resort management, income producing nightly rental capability, and amenities galore. Owners are permitted to enjoy up to 5 weeks (35 days) per year, the rest is reserved for guests to continue generating income. One of few ADA compliant residences with extra square footage and exterior wheelchair lift, Unit 25 uniquely features three bedrooms, three full bathrooms, one half bath and 1,100 square feet inside with larger handicap accessible kitchen, granite topped counters, newer stainless steel appliances, open concept living area, plus two open air porches to enjoy the peek-a-boo Gulf views. A rarity, this unit presents two master suites with one conveniently located on the first level (with ADA compliant shower) and additional master suite on the second level. Generating just over $22k in 2023 YTD, $65,000 in 2022 as well as over $72,000 in 2021 - all reported after resort commission. Tranquility Bay Beach Resort's grounds are like none other, every inch is photo worthy. Stay and play, or relax and kick back at the award winning restaurant, Butterfly Cafe, three pools, gorgeous white sand beach, swimming lagoon, TJ's Tiki Bar, putting green, fitness center, and even water sports. What more could you desire?

Last Agent to Sell the Property

Ally Kelley

Ocean Sotheby's International License #SL3352184 Listed on: 01/18/2023

Ocean Sotheby's International

Last Buyer's Agent

Christy Hughes

Moorings Realty, Inc

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $4,418

Year Built

  • Built in 2004

HOA Fees

  • $1,768 Monthly HOA Fees

Home Design

  • Frame Construction
  • Metal Roof

Interior Spaces

  • 1,100 Sq Ft Home
  • Furnished
  • French Doors
  • Tile Flooring
  • Gulf Views
  • Monitored
  • Washer

Kitchen

  • Oven
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 3 Bedrooms

Parking

  • Guest Parking
  • Open Parking

Accessible Home Design

  • Accessible Elevator Installed
  • Accessible Full Bathroom
  • Accessible Kitchen
  • Accessible Doors
  • Accessible Parking

Pool

  • Concrete Pool
  • In Ground Pool
  • Pool Deck

Utilities

  • Separate Meters
  • Public Hookup Available For Sewer

Additional Features

  • Balcony
  • Property fronts gulf or ocean

Listing and Financial Details

  • Minimum Rental Period: 1

Community Details

Overview

  • Association fees include cable, common area mnt, building insurance
  • 87 Units
  • Tranquility Bay Subdivision
  • The community has rules related to deed restrictions

Recreation

  • Beach
  • Community Pool

Pet Policy

  • No Pets Allowed

Security

  • Complete Accordion Shutters

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,418

Year Built

Built in 2004

Lot Details

0

HOA Fees

$1,768 per month

Listing Details

  • Property Type: Residential
  • Style: Townhouse
  • First Right of Refusal: Yes
  • Association Fee: 1767.70
  • Mandatory HOA: Yes
  • Document Count: 4
  • Fee Includes: Cable, Common Area Mnt, Building Insurance
  • Key Island: Marathon
  • Limited Representation: No
  • Marathon Neighborhood: Old Town East (25th to Sombrero)
  • Mile Marker: 48.50
  • Min Rental Days: 1.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Community Pool, Beach
  • Pets: No Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 4418.47
  • Vehicle Storage: Open Parking, Guest Parking
  • Year Built: 2004
  • Alternate Key Number: 9082290
  • Pool Info: In Ground, Decked, Concrete
  • Porch Balcony: Open Porch/Balcony
  • Association Maintenance Fee Per: Monthly
  • Association Info Condo Docs: Yes
  • Shutters: Accordion
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 1100.00
  • Sewer Hook Up: Yes
  • Unit Complex: Complex
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Total Bathrooms: 4.00
  • Full Bathrooms: 3
  • Appliances: Washer, Stainless Steel Appliance(s), Microwave, Oven, Refrigerator, Dishwasher
  • Floor: Tile
  • Half Bathrooms: 1
  • Windows/Doors: French Doors
  • Total Bedrooms: 3
  • Accessibility Features: Accessible Full Bath, Parking, Accessible Kitchen, Accessible Elevator Installed, Accessible Doors

Exterior Features

  • Dockage: None
  • Waterfront: Gulf Front
  • Waterfront: Yes
  • Construction: Frame
  • Roof: Metal Roof
  • Waterview: Bay/Gulf View
  • Pool: Yes

Utilities

  • Security: Patrolled Area
  • Utilities: FKAA, Elect Separate Meter, Buyer to Verify, Municipal Sewer

Lot Info

  • Deed Restrictions: Yes
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Furnished

Tax Info

  • Tax Year: 2022

Multi Family

  • Total Units: 87.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2018
Closed on
Oct 3, 2018
Sold by
Singer Isle I Llc
Bought by
Frias Beach House Llc
Seller's Agent
Margaret Crowley
Florida Keys Realty Group LLC
Buyer's Agent
Becky Newman
Better Homes and Gardens Real Estate Destinations
List Price
$499,000
Sold Price
$470,500
Premium/Discount to List
-$28,500
-5.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.44%
Original Mortgage
$376,400
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Listed on
May 8, 2018
Closed on
Sep 18, 2018
Sold by
Singer Isle I Llc
Bought by
Frias Beach House Llc
Seller's Agent
Margaret Crowley
Florida Keys Realty Group LLC
Buyer's Agent
Becky Newman
Better Homes and Gardens Real Estate Destinations
List Price
$499,000
Sold Price
$470,500
Premium/Discount to List
-$28,500
-5.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$376,400
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 10, 2008
Sold by
Harris Bernard T and Bennett Mavis E
Bought by
Singer Isle I Llc

Purchase Details

Closed on
May 26, 2005
Sold by
Marathon Resort Development Inc
Bought by
Harris Bernard R and Bennett Mavis E
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 $470,500 Florida Title Of The Keys
Warranty Deed $470,500 Florida Title Professionals
Warranty Deed $625,000 Attorney
Special Warranty Deed $600,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $696,000 New Conventional
Closed $377,000 Commercial
Closed $376,400 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/08/2025 05/08/25 For Sale $700,000 +3.7% $636 / Sq Ft
06/26/2023 06/26/23 Sold $675,000 -3.4% $614 / Sq Ft
05/17/2023 05/17/23 Pending -- -- --
04/17/2023 04/17/23 Price Changed $699,000 -4.9% $635 / Sq Ft
03/27/2023 03/27/23 Price Changed $735,000 -5.2% $668 / Sq Ft
02/10/2023 02/10/23 Price Changed $775,000 -3.0% $705 / Sq Ft
01/18/2023 01/18/23 For Sale $799,000 +69.8% $726 / Sq Ft
09/20/2018 09/20/18 Sold $470,500 -5.7% $376 / Sq Ft
08/01/2018 08/01/18 Pending -- -- --
05/08/2018 05/08/18 For Sale $499,000 -- $399 / 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 $4,997 $540,948 -- $540,948
2023 $4,997 $540,948 $0 $540,948
2022 $4,418 $411,406 $0 $411,406
2021 $4,217 $372,477 $0 $372,477
2020 $4,154 $372,477 $0 $372,477
2019 $4,286 $385,970 $0 $385,970
2018 $3,643 $386,843 $0 $0
2017 $3,458 $382,044 $0 $0
2016 $3,174 $316,886 $0 $0
2015 $3,046 $316,886 $0 $0
2014 $2,584 $207,060 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 603837

APN: 00101999-000401