$1,500,000
$200K PRICE DROP

500 Sombrero Beach Rd Marathon, FL 33050

Estimated payment $8,977/month

Total Views 41,780
2 Beds
2 Baths
1,057 Sq Ft
$1,419 Price per Sq Ft

Highlights

  • Very Popular Property
  • Ocean View
  • Boat Ramp
  • Coral Shores High School Rated A
  • Dock made with wood
  • Heated In Ground Pool

About This Home

Welcome to your tropical paradise dream island escape in the FL Keys, located in the heart of Marathon! Wake up each day to post card worthy ocean views right from your deck. Step outside and boat directly through the channel with direct ocean access nearby. Boat ramp is included! Property is a short walk to Sombrero Beach, and within easy strolls to local shops and restaurants in central Marathon.With an open-concept layout, soaring cathedral ceilings, and sleek tile floors throughout, the home is designed for comfort and relaxed coastal living.The property offers an expansive corner lot with plenty of room for an RV! Whether you're looking for a tranquil vacation getaway, or a profitable investment property, or a little of both, this home delivers.This home is a dream for savvy investors, boating enthusiasts, or anyone seeking a turnkey Florida Keys cruise-and-chill residence. Don't miss this rare opportunity to own a slice of paradise in one of the most sought-after areas of the Florida Keys!This property is rented as a vacation rental - perfect for investors too!The listing includes furniture, and an air-conditioned Golf Cart!Property includes a boat ramp that is shared with 5-6 other properties located on the same block; and maintenance of boat ramp can be shared with these properties.

Listing Agent

Belmis Montesino

Iconic Miami Realty, LLC License #3243480 Listed on: 06/10/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,821

Year Built

  • Built in 1990

Lot Details

  • 0.25 Acre Lot
  • Home fronts a canal
  • Fenced
  • Property is zoned RL - Residential Low

Property Views

  • Ocean
  • Canal

Home Design

  • Frame Construction
  • Metal Roof

Interior Spaces

  • 1,057 Sq Ft Home
  • 1-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Shutters
  • Single Hung Windows
  • Blinds
  • Sliding Doors
  • Workshop
  • Tile Flooring

Kitchen

  • Oven
  • Range
  • Granite Countertops
  • Built-In or Custom Kitchen Cabinets

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Complete Accordion Shutters
  • Fire and Smoke Detector

Parking

  • 4 Parking Spaces
  • Covered Parking
  • Open Parking
  • Off-Street Parking
  • RV or Boat Parking

Outdoor Features

  • Heated In Ground Pool
  • Seawall
  • Boat Ramp
  • Dock made with wood
  • Balcony
  • Outdoor Storage

Utilities

  • Central Heating and Cooling System
  • Public Hookup Available For Sewer
  • Cable TV Available

Community Details

  • Property has a Home Owners Association
  • Sombrero Bch Village Subdivision
  • RV Parking in Community

Listing and Financial Details

  • Assessor Parcel Number 00354810-000100

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,821

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Approval Required: No
  • Mandatory HOA: Yes
  • Control Depth: 5
  • Dockage Dock: Wood
  • Dockage Dock Length: 40
  • 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: 49.50
  • Min Rental Days: 7.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Side: Ocean
  • State Province: FL
  • Taxes: 11821.24
  • Vehicle Storage: Open Parking, Covered Parking, RV Parking Open, Off Street Parking
  • Vehicle Storage Cars: 4+
  • Year Built: 1990
  • Alternate Key Number: 8790112
  • Building Style Stilt Column Height: Medium - 5Ft - 9Ft
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Lot Sq Ft: 10805.00
  • Pool Info: In Ground
  • Pool Info Heated: Yes
  • Porch Balcony: Open Porch/Balcony
  • Shutters: Accordion, Panel
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 1 Story
  • Estimated Living Sq Ft: 1057.00
  • Pre Wired: Cable
  • Financial Status Standard Sale: Yes
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Built-in Cabinets, Walk-in Closet(s), Smoke Alarms, Granite Counter Top, Cathedral Ceilings
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Washer, Oven, Range, Refrigerator, Dryer
  • Floor: Tile
  • Specialty Rooms: Workshop
  • Windows/Doors: Single Hung Windows, Sliding Glass Doors
  • Total Bedrooms: 2
  • Accessibility Features: None

Exterior Features

  • Dockage: Boat Ramp
  • Waterfront: Canal Front, Open Water
  • Waterfront: Yes
  • Construction: Frame
  • Exterior Features: Fencing, Storage
  • Roof: Metal Roof
  • Waterview: Ocean View, Open Water View, Canal View
  • Pool: Yes

Utilities

  • Utilities: FKAA, Water Separate Meter, Municipal Sewer
  • Heating: Central

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE,AE
  • Parcel Number: 00354810-000100
  • Lot Size: 111 x 137 x 56W X 117
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.25

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2024

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 $11,061 $1,335,962 $1,098,328 $237,634
2023 $11,061 $1,216,153 $995,789 $220,364
2022 $9,776 $926,688 $749,435 $177,253
2021 $6,964 $598,850 $435,658 $163,192
2020 $6,862 $598,323 $435,658 $162,665
2019 $6,634 $574,661 $409,726 $164,935
2018 $6,658 $605,669 $409,726 $195,943
2017 $6,124 $542,702 $0 $0
2016 $6,038 $526,776 $0 $0
2015 $5,528 $464,305 $0 $0
2014 $5,520 $451,018 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2025 09/15/25 Price Changed $1,500,000 -6.3% $1,419 / Sq Ft
07/31/2025 07/31/25 Price Changed $1,600,000 -3.0% $1,514 / Sq Ft
07/17/2025 07/17/25 Price Changed $1,650,000 -2.9% $1,561 / Sq Ft
06/10/2025 06/10/25 For Sale $1,700,000 +77.3% $1,608 / Sq Ft
04/15/2021 04/15/21 Sold $959,000 0.0% $907 / Sq Ft
03/04/2021 03/04/21 For Sale $959,000 +42.1% $907 / Sq Ft
09/09/2016 09/09/16 Sold $675,000 -2.0% $639 / Sq Ft
08/25/2016 08/25/16 Pending -- -- --
04/20/2016 04/20/16 For Sale $689,000 +37.8% $652 / Sq Ft
04/30/2013 04/30/13 Sold $500,000 -5.5% $422 / Sq Ft
03/22/2013 03/22/13 Pending -- -- --
06/01/2012 06/01/12 For Sale $529,000 -- $446 / Sq Ft
Source: Florida Keys Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $959,000 Florida Title Professional
Warranty Deed $100 None Listed On Document
Warranty Deed $100 None Listed On Document
Warranty Deed $500,000 Attorney
Interfamily Deed Transfer $270,000 None Available
Warranty Deed $600,000 --
Quit Claim Deed -- --
Warranty Deed $285,000 --
Warranty Deed $225,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $767,200 New Conventional
Previous Owner $150,000 No Value Available
Previous Owner $150,000 Commercial
Previous Owner $392,000 New Conventional
Previous Owner $561,800 Negative Amortization
Previous Owner $480,000 Unknown
Previous Owner $471,000 New Conventional
Previous Owner $35,000 Credit Line Revolving
Source: Public Records

About the Listing Agent

Belmis Montesino

Iconic Miami Realty, LLC

(786) 685-4676

Section Image

Belmis has been involved in the real estate and mortgage industries for more than twelve years. She started as a Private Banker, then a Bank Manager and soon after a Mortgage Broker. She even had a radio show teaching the do’s and don’t(s) of finance. Her strong background in Banking and Financial Services quickly made her show a success. Belmis is currently the Principal Broker of ICONIC Miami Realty, specializing in Luxury Real Estate. She loves to help her clients achieve their goals. Her

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Source: Florida Keys Board of REALTORS®

MLS Number: 615389

Florida Keys Board of REALTORS®

APN: 00354810-000100