$5,499,000

5 Ocean E Marathon, FL 33050

Estimated payment $31,815/month

Total Views 1,572
4 Beds
5 Baths
5,340 Sq Ft
$1,030 Price per Sq Ft

About This Home

Rising majestically above the sparkling Atlantic, this Concrete Fortress on Marathon's prestigious Ocean E peninsula redefines luxury coastal living. Located within an exclusive gated community of only 16 homes, the residence offers unrivaled privacy and proximity to one of the Florida Keys' most beloved destinations--Sombrero Beach.Inside, 5,340 sq. ft. under air unfolds into soaring living spaces, anchored by an open-concept great room where walls of glass showcase endless sunrise-to-sunset ocean views. The formal dining room is a showstopper with its panoramic backdrop, while the newly renovated kitchen boasts sleek quartz counters and modern finishes.The home's 4 ensuite bedrooms are true sanctuaries, each massive in scale, with two spectacular primary suites offering private sitting rooms and wraparound water vistas. An elevator connects all levels, from the impressive 4-car garage to the bedroom retreats.Outdoors, 4,218 sq. ft. of covered patios and porches invite year-round entertaining. The brand-new oceanfront pool and spa sparkle under the Keys sun, framed by direct ocean access, a private 131' seawall, and a boat lift ready for adventures on the water.Set on a 14,730 sq. ft. lot, built with enduring concrete construction, and positioned in one of Marathon's most exclusive enclaves, this estate is not just a residence--it's a statement of strength, elegance, and timeless oceanfront living. Home is still undergoing renovations including pool decking, artificial turf and landscaping. Please keep checking back for updated photos.

Listing Agent

Lisa Ferringo

Coldwell Banker Schmitt Lower Keys (KW) License #605677 Listed on: 08/08/2025

Coldwell Banker Schmitt Lower Keys (KW)

Map

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,486

Year Built

2001

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Fee: 500.00
  • Mandatory HOA: Yes
  • Control Depth: 4
  • Dockage Dock: Concrete
  • Dockage Dock Length: 131
  • Dockage Seawall: Concrete
  • Fee Includes: Common Area Mnt
  • Key Island: Marathon
  • Limited Representation: No
  • Marathon Neighborhood: Sombrero
  • Mile Marker: 50.00
  • 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
  • Side: Ocean
  • State Province: FL
  • Taxes: 20561.38
  • Title: Negotiable
  • Vehicle Storage: Garage, Off Street Parking, Open Parking, Auto Door Opener
  • Vehicle Storage Cars: 4+
  • Year Built: 2001
  • Alternate Key Number: 1122335
  • Building Style Stilt Column Height: Medium - 5Ft - 9Ft
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Lot Sq Ft: 14730.00
  • Pool Info: In Ground
  • Porch Balcony: Open Porch/Balcony, Patio
  • Association Maintenance Fee Per: Yearly
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 5340.00
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Entrance Foyer, Built-in Cabinets, Quartz Countertops, Bar, Storage, Elevator
  • Total Bathrooms: 5.00
  • Full Bathrooms: 4
  • Appliances: Washer, Stainless Steel Appliance(s), Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile, Concrete
  • Half Bathrooms: 1
  • Specialty Rooms: Laundry Room
  • Windows/Doors: Single Hung Windows, Sliding Glass Doors
  • Total Bedrooms: 4

Exterior Features

  • Dockage: Boat Lift
  • Waterfront: Oceanfront, Open Water
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Hot Tub, Storage, Lanai
  • Roof: Tile Roof, Combo Roof, Concrete Roof
  • Waterview: Ocean View, Open Water View
  • Pool: Yes

Utilities

  • Security: Electric Gate
  • Utilities: FKAA, Cable Available, Buyer to Verify, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: VE
  • Parcel Number: 00104670-000500
  • Land Size: 1/4 - 1/2 Acre
  • Acres: 0.34

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Furnished

Tax Info

  • Tax Year: 2024

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 $20,486 $2,270,921 -- --
2023 $20,486 $2,204,778 $0 $0
2022 $20,271 $2,140,562 $0 $0
2021 $20,676 $2,078,216 $0 $0
2020 $20,083 $2,049,523 $0 $0
2019 $19,654 $2,003,444 $0 $0
2018 $18,595 $1,966,089 $0 $0
2017 $18,252 $1,925,651 $0 $0
2016 $18,453 $1,886,045 $0 $0
2015 $18,263 $1,872,934 $0 $0
2014 $18,605 $1,858,069 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2025 08/08/25 For Sale $5,499,000 +7041.6% $1,030 / Sq Ft
03/29/2021 03/29/21 Sold $77,000 -2.5% --
01/06/2021 01/06/21 Price Changed $79,000 -7.1% --
11/06/2020 11/06/20 For Sale $85,000 -- --
Source: Key West Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $3,250,000 None Listed On Document
Warranty Deed $3,250,000 None Available
Quit Claim Deed $100 --
Warranty Deed $335,000 --
Warranty Deed $300,000 --
Warranty Deed $260,000 --
Deed $14,600 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,250,000 Seller Take Back
Source: Public Records

About the Listing Agent

Lisa Ferringo

Coldwell Banker Schmitt Lower Keys (KW)

(305) 304-0656

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She began her real estate career in 1989 working for luxury condo developer in Miami, FL. She was promoted to Broker of Mystic Point Realty in Aventura, FL in 1995 and then went on to be a top producing agent for Sotheby's International Realty on Miami Beach FL in 1999, where she specialized in Luxury Estates Homes. In 2004 she purchased a vacation home in the Florida Keys and fell in love with the area. Six months later she made the Keys her permanent home. Since joining Coldwell Banker

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Source: Key West Association of REALTORS®

MLS Number: 616083

Key West Association of REALTORS®

APN: 00104670-000500