NOT LISTED FOR SALE

305 50th Street Ocean Marathon, FL 33050

Estimated Value: $887,826 - $1,018,000

2 Beds
2 Baths
936 Sq Ft
$1,011/Sq Ft Est. Value

Last Sold October 27, 2023

Last sale price $935,000 $999 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $5,898/month

123 Days on Market

Highlights

  • Dock made with wood
  • Home fronts a canal
  • No HOA
  • Coral Shores High School Rated A
  • Granite Countertops
  • Stainless Steel Appliances

About This Home

As of October 2023

Canal front Marathon home on a sizeable lot in a prime location! This well-maintained property expertly utilizes its waterfront location with ample outdoor living space, complete with a jet ski lift, chickee hut, and direct no-bridge access to Boot Key Harbor and the Atlantic Ocean beyond. This house is an incredible investment opportunity as it is currently being operated as a successful rental property. The home boasts an open-concept main living space with plenty of natural light, blending seamlessly into the well-equipped kitchen featuring Miele appliances and abundant cabinetry. Two spacious bedrooms and two bathrooms provide comfortable space for guests. A large, open back porch overlooks the yard and canal below, the perfect backdrop for dining al fresco or enjoying an evening cocktail while taking in the ocean breezes. A downstairs bonus storage space and an additional shed provide a plethora of space for housing tools and equipment. Just minutes from stores, restaurants, and attractions in exciting Marathon, this home is a peaceful retreat with added convenience and proximity to town. Schedule a showing today!

Last Agent to Sell the Property

Lisa Ferringo

Coldwell Banker Schmitt Lower Keys (KW) License #605677 Listed on: 05/03/2023

Coldwell Banker Schmitt Lower Keys (KW)

Last Buyer's Agent

Elizabeth Greco-DeGrenier

Florida Keys Realty, Inc. License #SL3320042

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,959

Year Built

  • Built in 1990

Lot Details

  • 7,500 Sq Ft Lot
  • Home fronts a canal
  • Property is zoned RM - Residential Medium

Home Design

  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 936 Sq Ft Home
  • Ceiling Fan
  • Single Hung Windows
  • Storage
  • Tile Flooring
  • Canal Views
  • Complete Accordion Shutters

Kitchen

  • <<OvenToken>>
  • Range<<rangeHoodToken>>
  • Dishwasher
  • Stainless Steel Appliances
  • Granite Countertops
  • Built-In or Custom Kitchen Cabinets

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Dock made with wood
  • Balcony
  • Shed
  • Tiki or Chickee Hut

Utilities

  • Central Air
  • Cooling System Mounted To A Wall/Window
  • Public Hookup Available For Sewer

Listing and Financial Details

  • Minimum Rental Period: 7
  • Assessor Parcel Number 00324950-000000

Community Details

Overview

  • No Home Owners Association
  • Marameade Amd Subdivision
  • Rental Restrictions

Recreation

  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,959

Year Built

Built in 1990

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: 4
  • Dockage Dock: Wood
  • Dockage Dock Length: 75
  • Document Count: 1
  • Fee Includes: None
  • Key Island: Marathon
  • Limited Representation: No
  • Marathon Neighborhood: Old Town East (25th to Sombrero)
  • Mile Marker: 49.50
  • Min Rental Days: 7.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Bike Paths
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 6959.24
  • Title: Negotiable
  • Vehicle Storage: Open Parking, Off Street Parking
  • Year Built: 1990
  • Alternate Key Number: 1398870
  • Cooling Heating: Central Air, Ceiling Fans(s), Wall/Window Unit(s)
  • Lot Sq Ft: 7500.00
  • Porch Balcony: Open Porch/Balcony
  • Shutters: Accordion
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 936.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Built-in Cabinets, Storage, Granite Counter Top
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Washer, Stainless Steel Appliance(s), Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile
  • Windows/Doors: Single Hung Windows
  • Total Bedrooms: 2

Exterior Features

  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: Frame
  • Exterior Features: Chickee Hut, Storage, Shed
  • Roof: Shingle Roof
  • Waterview: Canal View
  • Pool: No

Utilities

  • Utilities: FKAA, Buyer to Verify, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00324950-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.17

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 10, 2025
Sold by
Schreiber Squib and Schreiber Margaret
Bought by
305 50Th Street Ocean Land Trust and 305 Ocean Llc
Current Estimated Value
$946,707

Purchase Details

Listed on
May 3, 2023
Closed on
Oct 27, 2023
Sold by
Simon Brendan J and Simon Teri E
Bought by
Schreiber Squib and Schreiber Margaret Leigh
Seller's Agent
Lisa Ferringo
Coldwell Banker Schmitt Lower Keys (KW)
Buyer's Agent
Elizabeth Greco-DeGrenier
Florida Keys Realty, Inc.
List Price
$999,900
Sold Price
$935,000
Premium/Discount to List
-$64,900
-6.49%
Views
109

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.58%
Original Mortgage
$435,000
Interest Rate
7.18%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 24, 2020
Closed on
Sep 17, 2020
Sold by
Lujardo Mariano M
Bought by
Simon Brendan J and Simon Teri E
Seller's Agent
Lynn Lucas
Berkshire Hathaway HomeServices Keys Real Estate
Buyer's Agent
Angela Nunez
Coldwell Banker Schmitt Real Estate Co.
List Price
$649,900
Sold Price
$625,000
Premium/Discount to List
-$24,900
-3.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.83%

Purchase Details

Closed on
Oct 22, 2013
Sold by
Lujardo Mariano M and Lujardo Magaly C
Bought by
Lujardo Mariano M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$391,500
Interest Rate
4.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 4, 2007
Sold by
Robinson Thomas J
Bought by
Lujardo Mariano M and Lujardo Magaly C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,500
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 2, 2007
Sold by
Schubert Carl
Bought by
Lujardo Mariano M and Lujardo Magaly C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,500
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 1, 2007
Sold by
Mchenry Gregory
Bought by
Lujardo Mariano M and Lujardo Magaly C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,500
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 1, 1988
Bought by
Lujardo Mariano M

Purchase Details

Closed on
Jul 1, 1979
Bought by
Lujardo Mariano M
Source: Public Records

Range of Values:

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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
305 50Th Street Ocean Land Trust -- None Listed On Document
Schreiber Squib $935,000 None Listed On Document
Simon Brendan J $625,000 True Title Florida Keys Inc
Lujardo Mariano M -- Attorney
Lujardo Mariano M $500,000 Century Title Corporation
Lujardo Mariano M -- Century Title Corporation
Lujardo Mariano M -- Century Title Corporation
Lujardo Mariano M -- Century Title Corporation
Lujardo Mariano M -- Century Title Corporation
Lujardo Mariano M -- Century Title Corporation
Lujardo Mariano M -- Century Title Corporation
Lujardo Mariano M $38,000 --
Lujardo Mariano M $17,300 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Schreiber Squib $435,000
Previous Owner Lujardo Mariano M $391,500
Previous Owner Lujardo Mariano M $392,000
Previous Owner Lujardo Mariano M $472,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/27/2023 10/27/23 Sold $935,000 -4.1% $999 / Sq Ft
09/03/2023 09/03/23 Pending -- -- --
07/08/2023 07/08/23 Price Changed $975,000 -2.5% $1,042 / Sq Ft
05/03/2023 05/03/23 For Sale $999,900 +60.0% $1,068 / Sq Ft
09/18/2020 09/18/20 Sold $625,000 -3.8% $668 / Sq Ft
01/24/2020 01/24/20 For Sale $649,900 -- $694 / 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 $7,863 $793,166 $599,250 $193,916
2023 $7,863 $867,313 $669,750 $197,563
2022 $6,959 $646,580 $444,150 $202,430
2021 $6,429 $502,751 $301,388 $201,363
2020 $5,875 $487,501 $301,388 $186,113
2019 $5,677 $504,383 $317,250 $187,133
2018 $5,045 $425,224 $238,688 $186,536
2017 $4,740 $393,532 $0 $0
2016 $4,619 $380,715 $0 $0
2015 -- $305,533 $0 $0
2014 -- $251,407 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lisa Ferringo

    Seller's Agent in 2023

    Lisa Ferringo

    Coldwell Banker Schmitt Lower Keys (KW)

    (305) 797-1221

    637 Total Sales

    Lisa Ferringo
    Section Image
  • Lynn Lucas

    Seller's Agent in 2020

    Lynn Lucas

    Berkshire Hathaway HomeServices Keys Real Estate

    (305) 393-0559

    179 Total Sales

    Lynn Lucas
    Section Image

  • A

    Buyer's Agent in 2020

    Angela Nunez

    Coldwell Banker Schmitt Real Estate Co.

See All Agents

Map

Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 605410

APN: 00324950-000000

Florida Monroe County Marathon 33050

305 50th Street Ocean, Marathon, FL

This home is located at 305 50th Street Ocean, Marathon, FL 33050 since 03 May 2023 and is currently estimated at $946,707, approximately $1,011 per square foot. This property was built in 1990. 305 50th Street Ocean is a home located in Monroe County with nearby schools including Stanley Switlik Elementary School, Marathon Middle High School, and Coral Shores High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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