$1,300,000
UNDER CONTRACT $300K PRICE DROP

435 121st Street Gulf Marathon, FL 33050

Estimated payment $7,642/month

Total Views 21,402
3 Beds
3 Baths
1,731 Sq Ft
$751 Price per Sq Ft

Highlights

  • Airstrip
  • Property fronts gulf or ocean
  • Balcony
  • Coral Shores High School Rated A
  • No HOA
  • 1-minute walk to Curry Hammock State Park

About This Home

Endless Views, Endless Possibilities - Your Waterfront Dream Home Awaits!This unique waterfront property, designed in the shape of a riverboat, offers an exceptional opportunity to create your ideal coastal retreat. Nestled on a prime 6,500 sq ft lot, the home boasts spectacular, unobstructed views of the Gulf of Mexico from nearly every room, with a living area lined with windows that frame the breathtaking scenery.Still owned by the family who originally built it, this fixer-upper is a rare canvas for those with vision and a passion for customization. Whether you choose to renovate and transform the current structure or demolish and build your dream home from the ground up, the possibilities are truly endless. With plenty of space for a pool, tiki bar, or outdoor entertainment area, this property provides the perfect backdrop for luxurious waterfront living.Located on sought-after Vaca Cut, you'll have quick access to both the Ocean and the Gulf, offering unparalleled convenience for boating and water enthusiasts. The sellers are highly motivated, so don't miss your chance to secure this one-of-a-kind property and create your very own piece of paradise!

Listing Agent

Jessica Boyanton P.A.

LPT Realty, LLC License #SL3364816 Listed on: 01/06/2025

LPT Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,595

Year Built

  • Built in 1981

Lot Details

  • 6,500 Sq Ft Lot
  • Property fronts gulf or ocean
  • Property Fronts a Bay or Harbor
  • Property is zoned RM - Residential Medium

Home Design

  • Fixer Upper
  • Concrete Roof

Interior Spaces

  • 1,731 Sq Ft Home
  • Elevator
  • Ceiling Fan
  • Single Hung Windows
  • Blinds
  • Tile Flooring
  • Gulf Views

Kitchen

  • Oven
  • Range
  • Microwave

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Home Security

  • Monitored
  • Complete Accordion Shutters

Parking

  • 4 Parking Spaces
  • Carport
  • Open Parking

Outdoor Features

  • Airstrip
  • Rip-Rap
  • Balcony
  • Outdoor Storage

Utilities

  • Central Air
  • Separate Meters
  • Public Hookup Available For Sewer

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 00357540-000000

Community Details

Overview

  • No Home Owners Association
  • Hawaiian Village Subdivision

Recreation

  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,595

Year Built

Built in 1981

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
  • Contingent: Contingent/Show
  • Control Depth: 4
  • Dockage Seawall: Rip Rap
  • Document Count: 1
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Marathon
  • Limited Representation: No
  • Marathon Neighborhood: Vaca East (Vaca to Coco)
  • Mile Marker: 53.50
  • Min Rental Days: 7.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Airstrip, Bike Paths
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 8594.77
  • Title: Title Ins - Buyer
  • Vehicle Storage: Carport, Open Parking
  • Vehicle Storage Cars: 4+
  • Year Built: 1981
  • Alternate Key Number: 1439576
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Lot Sq Ft: 6500.00
  • Porch Balcony: Open Porch/Balcony
  • Shutters: Accordion
  • Species List: No
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 1731.00
  • Property Condition: Fixer Upper
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: UnderContract
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Elevator
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Refrigerator, Microwave, Oven, Range
  • Floor: Tile, Other
  • Windows/Doors: Single Hung Windows
  • Total Bedrooms: 3

Exterior Features

  • Waterfront: Bay Front, Open Water, Gulf Front
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Storage
  • Roof: Concrete Roof
  • Waterview: Bay/Gulf View, Open Water View
  • Pool: No

Utilities

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

Lot Info

  • Deed Restrictions: No
  • Flood Zone: AE,VE,VE
  • Parcel Number: 00357540-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.15

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2023

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $8,595 $1,012,509 -- --
2023 $8,595 $984,439 $0 $0
2022 $7,822 $791,070 $0 $0
2021 $7,325 $719,771 $0 $0
2020 $7,084 $662,514 $277,875 $384,639
2019 $7,370 $691,583 $301,031 $390,552
2018 $7,479 $728,484 $324,480 $404,004
2017 $7,726 $753,876 $0 $0
2016 $5,576 $703,425 $0 $0
2015 $3,988 $637,333 $0 $0
2014 $3,735 $622,434 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2025 09/09/25 Price Changed $1,300,000 -18.8% $751 / Sq Ft
01/06/2025 01/06/25 For Sale $1,600,000 -- $924 / Sq Ft
Source: Marathon and Lower Keys Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Accommodation
Interfamily Deed Transfer -- Attorney
Interfamily Deed Transfer -- Attorney
Quit Claim Deed -- --
Quit Claim Deed -- --
Quit Claim Deed -- --
Warranty Deed $20,000 --
Warranty Deed $102,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $89,356 Unknown
Open $285,000 Unknown
Closed $100,000 Unknown
Closed $25,000 Credit Line Revolving
Source: Public Records

Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 612989

APN: 00357540-000000