NOT LISTED FOR SALE

488 88th Street Ocean Unit Ocean Marathon, FL 33050

Estimated Value: $2,048,859 - $2,258,000

6 Beds
4 Baths
2,465 Sq Ft
$869/Sq Ft Est. Value

Last Sold July 14, 2023

Last sale price $2,100,000 $852 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $12,893/month

152 Days on Market

Highlights

  • Airstrip
  • Ocean View
  • Heated In Ground Pool
  • Coral Shores High School Rated A
  • Beach
  • RV or Boat Parking

About This Home

As of July 2023

NOW OFFERED FULLY FURNISHED! Just professionally staged for tropical vacation rentals, including bedding, housewares and everything else you need for a turn key Vacation Home or Rental. Completely renovated canal & pool home just 4 in from open water. Perfect for families or will make an amazing vacation rental. Brand new: metal roof, impact windows and impact doors qualify for maximum windstorm credits. New flooring and 6 panel doors throughout entire house. New trim inside and out. All rooms and trim painted in modern colors. New lighting and ceiling fans. Downstairs you'll find newly painted kitchen cabinets with a Samsung smart fridge. Living room and dining room have new recessed lighting and new shiplap ceiling with sliding glass doors out to the pool. 1 bedroom and bathroom downstairs. Head up the brand new stairs and railing to the 4 spacious bedrooms and 2 bathrooms. Both upstairs bathrooms have been completely redone. Brand new tiled showers, toilets, vanities and custom designer sinks. The two east facing bedrooms have open water views. Two of the bedrooms open onto the tiled balcony with open water views and overlooking the pool and canal. From the backyard, you can access the 6th bedroom and bathroom which has a brand new mini split ac. This can be used as an owners lockout unit since it is separate from the main house. There is a shaded tile deck out back on the ground floor. Brand new pool with heater and salt system overlooking the canal with a concrete seawall of 75ft. Landscaping was just planted to beautify both the front and back yard. A new front porch and plantings in front brings curb appeal to the front yard. Entire outside of the house has new stucco and paint. The freshly painted garage has a washer and dryer and is large enough for 2 cars, with plenty of room for parking in front of the house as well. Alongside the garage is enough space to park an RV. Weekly(7 day) rentals allowed.

Last Agent to Sell the Property

Dawn McComish

Lokation Real Estate License #3021595 Listed on: 01/04/2023

Lokation Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,920

Year Built

  • Built in 1973 | Remodeled

Lot Details

  • 7,275 Sq Ft Lot
  • Home fronts a canal
  • Fenced
  • Sprinkler System
  • Property is zoned RM - Residential Medium

Property Views

  • Ocean
  • Canal

Home Design

  • Metal Roof
  • Pre-Cast Concrete Construction
  • Stucco

Interior Spaces

  • 2,465 Sq Ft Home
  • Ceiling Fan
  • Vinyl Flooring
  • Impact Glass

Kitchen

  • <<OvenToken>>
  • <<microwave>>
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Garage
  • Open Parking
  • RV or Boat Parking

Pool

  • Heated In Ground Pool
  • Fiberglass Pool
  • Saltwater Pool
  • Pool Deck

Outdoor Features

  • Airstrip
  • Seawall
  • Balcony
  • Exterior Lighting

Utilities

  • Central Air
  • Ductless Heating Or Cooling System
  • Separate Meters
  • Public Hookup Available For Sewer
  • Cable TV Available

Listing and Financial Details

  • Homestead Exemption
  • Minimum Rental Period: 7
  • Assessor Parcel Number 00349500-000000

Community Details

Overview

  • No Home Owners Association
  • Gulfstream Shore Subdivision
  • RV Parking in Community

Recreation

  • Beach
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,920

Year Built

Built in 1973 | Remodeled

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 Length: 75
  • Dockage Seawall: Concrete
  • Document Count: 1
  • 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, Airstrip, Bike Paths
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 2919.65
  • Title: Title Ins - Buyer
  • Vehicle Storage: Garage, RV Parking Open, Open Parking
  • Vehicle Storage Cars: 2
  • Year Built: 1973
  • Alternate Key Number: 1427268
  • Cooling Heating: Central Air, Ductless, Ceiling Fans(s)
  • Lot Sq Ft: 7275.00
  • Pool Info: In Ground, Decked, Fiberglass, Salt Water
  • Pool Info Heated: Yes
  • Porch Balcony: Open Porch/Balcony
  • Species List: No
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Yes
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 2465.00
  • Pre Wired: Cable
  • Financial Status Standard Sale: Yes
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Appliances: Washer, Stainless Steel Appliance(s), Microwave, Oven, Refrigerator, Dishwasher, Dryer
  • Floor: Vinyl
  • Windows/Doors: Impact Rstnce Window, Impact Rstnce Doors
  • Total Bedrooms: 6

Exterior Features

  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: CBS, Stucco, Concrete
  • Exterior Features: Fencing, Sprinkler System, Lighting
  • Roof: Metal Roof
  • Waterview: Ocean View, Open Water View, Canal View
  • Pool: Yes

Utilities

  • Utilities: FKAA, Cable Available, Elect Separate Meter, Water Separate Meter, Municipal Sewer

Lot Info

  • Deed Restrictions: No
  • Flood Zone: AE
  • Parcel Number: 00349500-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.17

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2023
Closed on
Jul 13, 2023
Sold by
Zhb Investments Llc
Bought by
Hamker Blaise Ryan and Hamker Joseph H
Seller's Agent
Dawn McComish
Lokation Real Estate
Buyer's Agent
Creative Technology
List Price
$2,455,000
Sold Price
$2,100,000
Premium/Discount to List
-$355,000
-14.46%
Views
138
Current Estimated Value
$2,140,965

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,965
Avg. Annual Appreciation
2.85%
Original Mortgage
$1,470,000
Outstanding Balance
$1,441,660
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
$781,009

Purchase Details

Closed on
Jun 18, 2021
Sold by
Kindell Gary L
Bought by
Zhb Investments Llc

Purchase Details

Closed on
Jul 5, 1994
Sold by
Neubauer H Duane and Neubauer Joan M
Bought by
Kindell Gary L and Kindell Mary L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,000
Interest Rate
8.78%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Hamker Blaise Ryan $2,100,000 Carrillo Title Agency
Zhb Investments Llc $1,150,000 Brokers Title
Kindell Gary L $292,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hamker Blaise Ryan $1,470,000
Previous Owner Zhb Investments Llc $805,000
Previous Owner Kindell Gary L $104,600
Previous Owner Kindell Gary L $56,255,000
Previous Owner Kindell Gary L $75,000
Previous Owner Kindell Gary L $217,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2023 07/14/23 Sold $2,100,000 -4.5% $852 / Sq Ft
05/22/2023 05/22/23 Price Changed $2,199,000 -7.0% $892 / Sq Ft
05/12/2023 05/12/23 Price Changed $2,365,000 -1.0% $959 / Sq Ft
04/04/2023 04/04/23 Price Changed $2,390,000 -2.6% $970 / Sq Ft
01/04/2023 01/04/23 For Sale $2,455,000 -- $996 / 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 $12,414 $1,715,196 $851,684 $863,512
2023 $12,414 $1,460,410 $836,625 $623,785
2022 $11,015 $1,112,781 $609,063 $503,718
2021 $2,920 $282,997 $0 $0
2020 $2,558 $279,090 $0 $0
2019 $2,056 $227,832 $0 $0
2018 $2,405 $270,569 $0 $0
2017 $2,350 $265,004 $0 $0
2016 $2,365 $259,554 $0 $0
2015 $2,360 $257,750 $0 $0
2014 $2,661 $255,704 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 603635

APN: 00349500-000000