NOT LISTED FOR SALE

5 Ocean E Marathon, FL 33050

Estimated Value: $4,399,000 - $5,430,000

4 Beds
4.5 Baths
5,340 Sq Ft
$950/Sq Ft Est. Value

Last Sold June 21, 2024

Last sale price $3,250,000 $609 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $28,159/month

126 Days on Market

Highlights

  • Airstrip
  • Ocean Front
  • Dock made with concrete
  • Coral Shores High School Rated A
  • Beach
  • Boat Lift

About This Home

As of June 2024

Nestled within the prestigious gated community of Ocean East, this luxurious oceanfront residence is a true gem, offering beautiful water views to the South AND the North! In an exclusive community of 16 homes, this waterfront estate offers an impressive 9,558 sqft under roof with 4,218 sqft of that being balconies, patios, and decks. The oceanfront allure is undeniable with its panoramic views extending to historic Sombrero Lighthouse, adding maritime charm to the stunning vistas. The private dock features 131 ft of stately concrete seawall, boat lift, lit fish-cleaning station, water, power, commercial hose reel, built-in swim ladder and electric davit. Soak in the mesmerizing scenery of both the SUNRISE and SUNSET from the southern-facing waterfront balconies on the main and upper levels of this home. The property provides room to add a pool and hot tub. Four generously sized bedrooms, each featuring their own private en-suites. The master suite has a large walk-in closet and en-suite bathroom, complete with jetted KOHLER tub, two vanities, and separate water closet. The kitchen features granite countertops, stainless steel refrigerator, glass cooktop, and gorgeous water views! The open-concept floorplan has luxurious travertine marble floors throughout, solid-core doors and Hunter Douglas window treatments. The large office space could easily be converted into an additional bedroom. Coveted ELEVATOR for convenience! The four-car garage and separate climate-controlled storage room offer ample space for vehicles and storage. Concrete barrel-tile roof adds to the Mediterranean charm. As a resident of this exclusive enclave, you'll be surrounded by multi-million dollar homes in a luxurious neighborhood, the ''Beverly Hills of Marathon FL'' ensuring that any enhancements you choose to make will be a valuable investment. Experience the pinnacle of coastal living enjoying the views of the dolphins playing, manatees grazing, and resident osprey fishing!

Last Agent to Sell the Property

Sam Williams

Coldwell Banker Schmitt Real Estate Co. License #3186658 Listed on: 01/18/2024

Coldwell Banker Schmitt Real Estate Co.

Last Buyer's Agent

Lisa Ferringo

Coldwell Banker Schmitt Lower Keys (KW) License #605677

Coldwell Banker Schmitt Lower Keys (KW)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $20,486

Year Built

  • Built in 2001

Lot Details

  • 0.34 Acre Lot
  • Ocean Front
  • Property is zoned RM - Residential Medium

HOA Fees

  • $42 Monthly HOA Fees

Home Design

  • Tile Roof

Interior Spaces

  • 5,340 Sq Ft Home
  • Elevator
  • Ceiling Fan
  • Shutters
  • Single Hung Windows
  • Sliding Doors
  • Workshop
  • Tile Flooring
  • Ocean Views
  • Complete Accordion Shutters
  • Laundry Room

Kitchen

  • Oven
  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms

Parking

  • 4 Car Garage
  • Automatic Garage Door Opener
  • Electric Gate

Outdoor Features

  • Airstrip
  • Seawall
  • Boat Lift
  • Dock made with concrete
  • Balcony
  • Patio

Utilities

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

Listing and Financial Details

  • Homestead Exemption
  • Minimum Rental Period: 7
  • Assessor Parcel Number 00104670-000500

Community Details

Overview

  • Ocean East Subdivision

Recreation

  • Beach
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,486

Year Built

Built in 2001

Lot Details

0.34 Acres

HOA Fees

$42 per month

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Approval Required: No
  • Association Fee: 500.00
  • Mandatory HOA: No
  • Voluntary HOA: Yes
  • Dockage Dock: Concrete
  • Dockage Seawall: Concrete
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • 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: Fire Hydrant, Bike Paths, Airstrip, Beach
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Seller Finance
  • Side: Ocean
  • State Province: FL
  • Taxes: 20486.20
  • Vehicle Storage: Garage, Auto Door Opener
  • Vehicle Storage Cars: 4+
  • Year Built: 2001
  • Alternate Key Number: 1122335
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Lot Sq Ft: 14730.00
  • Porch Balcony: Open Porch/Balcony, Patio
  • Association Maintenance Fee Per: Yearly
  • Shutters: Accordion, Panel
  • Species List: No
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 5340.00
  • Financial Status Auction: No
  • Financial Status Standard Sale: Yes
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Elevator
  • Total Bathrooms: 5.00
  • Full Bathrooms: 4
  • Appliances: Dishwasher, Oven, Range, Refrigerator
  • Floor: Tile
  • Half Bathrooms: 1
  • Specialty Rooms: Laundry Room, Workshop
  • Windows/Doors: Single Hung Windows, Sliding Glass Doors
  • Total Bedrooms: 4

Exterior Features

  • Dockage: Boat Lift, Other Dockage
  • Waterfront: Oceanfront, Open Water
  • Waterfront: Yes
  • Construction: CBS
  • Roof: Tile Roof
  • Waterview: Ocean View, Open Water View
  • Pool: No

Utilities

  • Security: Electric Gate
  • Utilities: FKAA, Elect Separate Meter, Water Separate Meter, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: VE-13
  • Parcel Number: 00104670-000500
  • Land Size: 1/4 - 1/2 Acre
  • Acres: 0.34

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2024
Closed on
Jun 21, 2024
Sold by
Simmons Susan M
Bought by
Thompson-Shelley Family Revocable Living Trus and Thompson
Seller's Agent
Sam Williams
Coldwell Banker Schmitt Real Estate Co.
Buyer's Agent
Lisa Ferringo
Coldwell Banker Schmitt Lower Keys (KW)
List Price
$4,500,000
Sold Price
$3,250,000
Premium/Discount to List
-$1,250,000
-27.78%
Views
60
Current Estimated Value
$5,074,731

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,824,731
Avg. Annual Appreciation
29.57%
Original Mortgage
$2,250,000
Outstanding Balance
$1,229,392
Interest Rate
5%
Mortgage Type
Seller Take Back
Estimated Equity
$3,845,339

Purchase Details

Closed on
Jan 30, 2006
Sold by
Adelman Lynn
Bought by
Simmons Allen L and Simmons Susan M

Purchase Details

Closed on
Jul 31, 1998
Sold by
Richard and Adelman Lynn Adelman
Bought by
Adelman Lynn

Purchase Details

Closed on
Dec 2, 1997
Sold by
Ben S Elliott Co & Tr and Helen M Elliott Co & Tr
Bought by
Adelman Richard and Adelman Lynn

Purchase Details

Closed on
Sep 1, 1993
Bought by
Simmons Allen L and Simmons Susan

Purchase Details

Closed on
Apr 1, 1992
Bought by
Simmons Allen L and Simmons Susan

Purchase Details

Closed on
Feb 1, 1976
Bought by
Simmons Allen L and Simmons Susan
Source: Public Records
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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
Thompson-Shelley Family Revocable Living Trus $3,250,000 None Listed On Document
Simmons Allen L $3,250,000 None Available
Adelman Lynn $100 --
Adelman Richard $335,000 --
Simmons Allen L $300,000 --
Simmons Allen L $260,000 --
Simmons Allen L $14,600 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thompson-Shelley Family Revocable Living Trus $2,250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/21/2024 06/21/24 Sold $3,250,000 -9.7% $609 / Sq Ft
05/09/2024 05/09/24 Price Changed $3,600,000 -12.2% $674 / Sq Ft
03/12/2024 03/12/24 Price Changed $4,100,000 -8.9% $768 / Sq Ft
01/18/2024 01/18/24 For Sale $4,500,000 -- $843 / Sq Ft
Source: Marathon and Lower Keys Association of REALTORS®

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
2025 $20,561 $3,263,520 $2,010,240 $1,253,280
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

Agents Affiliated with this Home

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Map

Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 608246

APN: 00104670-000500

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