NOT LISTED FOR SALE

276 89th St Marathon, FL 33050

Estimated Value: $1,004,000 - $1,172,234

4 Beds
2 Baths
1,577 Sq Ft
$682/Sq Ft Est. Value

Last Sold August 30, 2024

Last sale price $990,000 $628 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $6,996/month

127 Days on Market

About This Home

As of August 2024

Fantastic income-producing investment opportunity, with excellent boating in the heart of Marathon! Boasting a spacious wood dock, protected boat basin, and no-bridge access to the Atlantic Ocean, this spectacular home comes equipped for the avid boater. Enjoy enviable amenities including a rooftop sundeck, hot tub, generous front patio with dining space and built-in outdoor kitchen; this fantastic home is designed with entertaining in mind. Inside, a spacious open floor plan features updated finishes and stylish design. Sliding glass doors lead out to an expansive screened-in lanai with serene Canal Views. A large Chef's Kitchen boasts stainless steel appliances, generous island, and ample storage! A tranquil primary suite offers an updated en suite bathroom, complete with standing soaking tub. Visitors will enjoy comfortable accommodation in any of three additional guest bedrooms. Plenty of parking for all with a massive wrap-around driveway and additional covered carport. Currently utilized as a successful vacation rental, this exceptional property provides income-producing potential, or loads of space for hosting family and guests. This ideal location offers peace and relaxation while just minutes to fantastic dining and convenience stores in town. Don't wait, call to schedule a tour of this vacation-ready slice of paradise today!

Last Agent to Sell the Property

Lisa Ferringo

Coldwell Banker Schmitt Lower Keys (KW) License #605677 Listed on: 04/09/2024

Coldwell Banker Schmitt Lower Keys (KW)

Last Buyer's Agent

Dawn McComish

Lokation Real Estate License #3021595

Lokation Real Estate

Home Details

Home Type

Single Family

Year Built

1970

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
  • Dockage Dock: Wood
  • Fee Includes: None
  • Key Island: Marathon
  • Limited Representation: No
  • Marathon Neighborhood: Airport - Ocean (72nd to 106th)
  • Mile Marker: 52.00
  • Min Rental Days: 7.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Beach, Bike Paths, Airstrip, Other Area Features
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 8331.44
  • Title: Negotiable
  • Vehicle Storage: Carport, Covered Parking, Off Street Parking, Guest Parking, Open Parking
  • Year Built: 1970
  • Alternate Key Number: 1427420
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Lot Sq Ft: 7410.00
  • Porch Balcony: Roof Top Deck, Screened Patio, Patio
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 1577.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Split Bedroom, Quartz Countertops, Bar, Storage, Built-in Cabinets
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Washer, Stainless Steel Appliance(s), Wine Cooler, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile, Vinyl
  • Specialty Rooms: Utility Room
  • Windows/Doors: Sliding Glass Doors, Other Windows/Doors
  • Total Bedrooms: 4

Exterior Features

  • Dockage: Basin
  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Bar, Storage, Outdoor Kitchen, Lanai, Lighting, Hot Tub, Built-in Grill
  • Roof: Metal Roof
  • Waterview: Canal View
  • Pool: No

Utilities

  • Utilities: FKAA, Buyer to Verify, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00349670-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.17

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2024
Closed on
Aug 30, 2024
Sold by
Walter Warren T and Walter Mary E
Bought by
Blue Octopus Enterprise Llc
Seller's Agent
Lisa Ferringo
Coldwell Banker Schmitt Lower Keys (KW)
Buyer's Agent
Dawn McComish
Lokation Real Estate
List Price
$1,200,000
Sold Price
$990,000
Premium/Discount to List
-$210,000
-17.5%
Views
204
Current Estimated Value
$1,197,813

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$207,813
Avg. Annual Appreciation
6.50%

Purchase Details

Closed on
Jun 24, 2016
Sold by
Brown Clifford R and Brown Fern
Bought by
Walter Warren T and Walter Mary E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$463,500
Interest Rate
3.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 5, 1998
Sold by
Bagwell William and Bagwell Cynthia
Bought by
Brown Clifford R and Brown Fern

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,000
Interest Rate
7.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 1, 1977
Bought by
Walter Warren T and Walter Mary E
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Blue Octopus Enterprise Llc $990,000 None Listed On Document
Walter Warren T $515,000 None Available
Brown Clifford R $186,300 --
Walter Warren T $36,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Walter Warren T $463,500
Previous Owner Brown Clifford R $215,000
Previous Owner Brown Clifford R $149,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/30/2024 08/30/24 Sold $990,000 -13.8% $628 / Sq Ft
08/14/2024 08/14/24 Pending -- -- --
07/27/2024 07/27/24 Price Changed $1,149,000 -4.3% $729 / Sq Ft
04/09/2024 04/09/24 For Sale $1,200,000 -- $761 / Sq Ft
Source: Key West 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
2025 $8,636 $945,966 $682,739 $263,227
2024 $8,331 $1,174,098 $842,888 $331,210
2023 $8,331 $1,163,271 $842,888 $320,383
2022 $6,918 $764,711 $482,132 $282,579
2021 $6,047 $506,137 $244,437 $261,700
2020 $5,560 $464,700 $244,437 $220,263
2019 $5,578 $466,377 $242,752 $223,625
2018 $5,295 $454,883 $236,009 $218,874
2017 $5,347 $460,158 $0 $0
2016 $5,243 $434,725 $0 $0
2015 $5,093 $439,352 $0 $0
2014 $4,761 $381,759 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lisa Ferringo

    Seller's Agent in 2024

    Lisa Ferringo

    Coldwell Banker Schmitt Lower Keys (KW)

    (305) 797-1221

    75 in this area

    586 Total Sales

    Lisa Ferringo
    Section Image
  • Dawn McComish

    Buyer's Agent in 2024

    Dawn McComish

    Lokation Real Estate

    (305) 395-3300

    34 in this area

    104 Total Sales

    Dawn McComish
    Section Image
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Map

Source: Key West Association of REALTORS®

MLS Number: 609522

Key West Association of REALTORS®

APN: 00349670-000000

Florida Monroe County Marathon 33050

276 89th St, Marathon, FL

Not Listed for Sale

Detached

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