$1,000,000
SOLD MAR 19, 2025

351 Stirrup Key Blvd Marathon, FL 33050

3 Beds
3 Baths
1,802 Sq Ft
0.33 Acres

Recently Sold

$555 Per Sq Ft

39% Below List Price

147 Days on Market

Highlights

  • Airstrip
  • Boat Ramp
  • Balcony
  • Coral Shores High School Rated A
  • Property fronts gulf or ocean
  • Electric Gate

About This Home

As of March 2025

Exceptional Opportunity in the Exclusive Stirrup Key Gated CommunityThis Gulf-front property presents a rare chance to own the least expensive home in one of the most prestigious neighborhoods of the Florida Keys. Nestled on an oversized 0.33-acre lot, this 3-bedroom, 3-bathroom home offers unparalleled value and the potential to craft your ideal coastal retreat.It's being sold AS-IS without a boat slip, making it the perfect canvas for your dream upgrades.Key highlights:Spacious layout: 1,802 sq. ft. of living space with endless possibilities for customization.Prime location: Located near MillionAir at Marathon Airport, ideal for convenient travel.Prestige and Privacy: Secure living in a sought-after gated community, surrounded by upscale homes and breathtaking Gulf views.Opportunities like this don't last long in Stirrup Key. Whether you're a retiree looking for a peaceful getaway or an investor ready to unlock its full potential, this home stands as a remarkable investment in a highly coveted location.Vacant Easy to Show, schedule your showing with us.

Last Agent to Sell the Property

Lela Ashkarian

Coldwell Banker Schmitt Real Estate Co. License #622790 Listed on: 10/09/2024

Coldwell Banker Schmitt Real Estate Co.

Co-Listed By

Natalie Ardis

Coldwell Banker Schmitt Real Estate Co. License #3231276

Last Buyer's Agent

Lela Ashkarian

Coldwell Banker Schmitt Real Estate Co. License #622790 Listed on: 10/09/2024

Coldwell Banker Schmitt Real Estate Co.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,085

Year Built

  • Built in 1980

Lot Details

  • 0.33 Acre Lot
  • Property fronts gulf or ocean
  • Property is zoned RM - Residential Medium

HOA Fees

  • $100 Monthly HOA Fees

Home Design

  • Split Level Home
  • Fixer Upper
  • Metal Roof
  • Stucco

Interior Spaces

  • 1,802 Sq Ft Home
  • Tile Flooring
  • Gulf Views

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Parking

  • 4 Car Garage
  • Electric Gate
  • Off-Street Parking

Outdoor Features

  • Airstrip
  • Balcony

Utilities

  • Central Air
  • Heating Available
  • Public Hookup Available For Sewer

Listing and Financial Details

  • Minimum Rental Period: 365
  • Assessor Parcel Number 00333641-008400

Community Details

Overview

  • Association fees include security
  • Stirrup Key Sub Subdivision
  • Rental Restrictions

Recreation

  • Boat Ramp
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,085

Year Built

Built in 1980

Lot Details

0

HOA Fees

$100 per month

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Fee: 1200.00
  • Mandatory HOA: No
  • Control Depth: 2
  • Document Count: 3
  • Fee Includes: Security
  • Handicap Access: No
  • Key Island: Marathon
  • Limited Representation: No
  • Marathon Neighborhood: Behind the Airport
  • Mile Marker: 52.50
  • Min Rental Days: 365.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Community Boat Ramp, Bike Paths, Airstrip
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 1085.15
  • Title: Title Ins - Buyer
  • Vehicle Storage: Garage, Off Street Parking
  • Vehicle Storage Cars: 4+
  • Year Built: 1980
  • Alternate Key Number: 1410543
  • Building Style: Split Level
  • Cooling Heating: Central Air
  • Lot Sq Ft: 14300.00
  • Porch Balcony: Open Porch/Balcony
  • Association Maintenance Fee Per: Yearly
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 1802.00
  • Property Condition: Fixer Upper
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: No Appliances
  • Floor: Tile
  • Total Bedrooms: 3

Exterior Features

  • Dockage: None
  • Waterfront: Gulf Front, Open Water
  • Waterfront: Yes
  • Construction: CBS, Stucco
  • Roof: Metal Roof
  • Waterview: Bay/Gulf View, Open Water View
  • Pool: No

Utilities

  • Security: Electric Gate
  • Utilities: Buyer to Verify
  • Heating: Electric

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00333641-008400
  • Lot Size: 91x148x129x109
  • Land Size: 1/4 - 1/2 Acre
  • Acres: 0.33

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 9, 2024
Closed on
Mar 19, 2025
Sold by
Presbyterian Kirk Of The Keys Inc
Bought by
Grostefon Robert A and Grostefon Candice F
Seller's Agent
Lela Ashkarian
Coldwell Banker Schmitt Real Estate Co.
Buyer's Agent
Lela Ashkarian
Coldwell Banker Schmitt Real Estate Co.
List Price
$1,650,000
Sold Price
$1,000,000
Premium/Discount to List
-$650,000
-39.39%
Views
57
Current Estimated Value
$1,728,931

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$728,931
Avg. Annual Appreciation
195.73%
Original Mortgage
$700,000
Outstanding Balance
$589,074
Interest Rate
6%
Mortgage Type
New Conventional
Estimated Equity
$1,093,727
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Warranty Deed $1,000,000 None Listed On Document
Warranty Deed $1,000,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $700,000 New Conventional
Closed $700,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/19/2025 03/19/25 Sold $1,000,000 -31.0% $555 / Sq Ft
03/05/2025 03/05/25 Pending -- -- --
12/04/2024 12/04/24 Price Changed $1,450,000 -12.1% $805 / Sq Ft
10/09/2024 10/09/24 For Sale $1,650,000 -- $916 / 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 $1,085 $1,666,263 $1,369,618 $296,645
2023 $1,085 $958,708 $670,956 $287,752
2022 $1,074 $963,384 $670,956 $292,428
2021 $1,041 $699,837 $434,148 $265,689
2020 $1,035 $657,517 $434,148 $223,369
2019 $1,030 $966,771 $741,741 $225,030
2018 $1,022 $1,116,245 $888,030 $228,215
2017 $1,014 $1,116,666 $0 $0
2016 $1,014 $1,048,561 $0 $0
2015 $1,032 $890,122 $0 $0
2014 $1,032 $750,009 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lela Ashkarian

    Seller's Agent in 2025

    Lela Ashkarian

    Coldwell Banker Schmitt Real Estate Co.

    (305) 743-5181

    243 Total Sales

    Lela Ashkarian
    Section Image
  • Natalie Ardis

    Seller Co-Listing Agent in 2025

    Natalie Ardis

    Coldwell Banker Schmitt Real Estate Co.

    (305) 481-3317

    17 Total Sales

    Natalie Ardis
    Section Image
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Map

Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 611771

APN: 00333641-008400

Florida Monroe County Marathon 33050

351 Stirrup Key Blvd, Marathon, FL

This home is located at 351 Stirrup Key Blvd, Marathon, FL 33050 and is currently priced at $1,000,000, approximately $554 per square foot. This property was built in 1980. 351 Stirrup Key Blvd is a home located in Monroe County with nearby schools including Stanley Switlik Elementary School, Marathon Middle High School, and Coral Shores High School.

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