524 Sombrero Beach Rd Marathon, FL 33050
4
Beds
2.5
Baths
2,180
Sq Ft
7,840
Sq Ft Lot
Highlights
- Airstrip
- Ocean View
- Beach
- Coral Shores High School Rated A
- Boat Ramp
- Dock made with wood
About This Home
As of October 2024Welcome to 524 Sombrero Beach Road, your dream home & an exceptional investment opportunity! With its proven track record as a highly successful vacation rental, five star VRBO rating & continued popularity, this stunning vacation property offers a unique blend of tropical charm & luxurious amenities. Nestled in a serene, beautifully landscaped setting and this home boasts a fenced backyard. The lush greenery and vibrant flora create an inviting, tropical ambiance, making you feel like you're in your own private oasis. The centerpiece of the backyard is a large, heated pool, perfect for refreshing dips or lounging in the Florida sun. This outdoor space is an entertainer's dream, featuring an outdoor kitchen and a spacious deck that overlooks the open water. Enjoy breathtaking sunrise views each morning and unwind in the evening with a picturesque backdrop. The master bedroom offers private access to a balcony, where you can sip your morning coffee while taking in the stunning scenery. Features an en-suite bathroom with a double vanity sink and a glass-enclosed shower, ensuring you start your day feeling refreshed and pampered. Ideally located just one block from Sombrero Beach, this property allows you to enjoy sun, sand, and surf at your leisure. With ample parking and trailer storage, you can bring along your boat for added adventure. This home's prime location and outstanding amenities have made it a highly successful vacation rental. Guests love the proximity to the beach, the stunning views, and the luxurious features that make every stay memorable. As a new owner, you can continue to benefit from its established rental income, making it a fantastic investment opportunity. Don't miss the chance to own this tropical paradise. Whether you're looking for a personal getaway or a lucrative investment, this property offers the best of both worlds. Contact us today to schedule a viewing and discover why this home is the ultimate Florida destination!
Last Agent to Sell the Property
Coldwell Banker Schmitt Real Estate Co. License #3186658 Listed on: 05/25/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $10,396
Year Built
- Built in 1970
Lot Details
- 7,840 Sq Ft Lot
- Home fronts a canal
- Property is zoned RM - Residential Medium
Property Views
- Ocean
- Canal
Interior Spaces
- 2,180 Sq Ft Home
- Furnished
- Ceiling Fan
- Shutters
- Sliding Doors
- Storage
- Tile Flooring
- Impact Glass
Kitchen
- <<OvenToken>>
- Range<<rangeHoodToken>>
- <<microwave>>
- Dishwasher
- Stainless Steel Appliances
Bedrooms and Bathrooms
- 4 Bedrooms
Parking
- 4 Parking Spaces
- Guest Parking
- Open Parking
- Off-Street Parking
Pool
- Heated In Ground Pool
- Fiberglass Pool
Outdoor Features
- Airstrip
- Seawall
- Dock made with wood
- Balcony
- Deck
- Patio
Location
- Ground Level
Utilities
- Central Air
- Separate Meters
- Public Hookup Available For Sewer
Listing and Financial Details
- Minimum Rental Period: 7
- Assessor Parcel Number 00354830-000000
Community Details
Overview
- No Home Owners Association
- Sombrero Bch Village Subdivision
Recreation
- Boat Ramp
- Beach
- Bike Trail
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 25, 2024
Closed on
Oct 23, 2024
Sold by
Klima Dennis and Klima Dorothy
Bought by
Izzo Thomas and Izzo Christine
Seller's Agent
Sam Williams
Coldwell Banker Schmitt Real Estate Co.
Buyer's Agent
Kasey Platt
Florida Keys Real Estate Group
List Price
$1,945,000
Sold Price
$1,600,000
Premium/Discount to List
-$345,000
-17.74%
Views
232
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,002
Avg. Annual Appreciation
3.55%
Original Mortgage
$1,200,000
Outstanding Balance
$1,194,058
Interest Rate
6.08%
Mortgage Type
New Conventional
Estimated Equity
$446,684
Purchase Details
Closed on
Nov 29, 2018
Sold by
Larry R Wise
Bought by
Klima Dennis and Klima Dorothy
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$580,000
Interest Rate
4.81%
Purchase Details
Closed on
Sep 9, 2016
Sold by
Agee Jeffrey S and Schanel Judith S
Bought by
Klima Dennis
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
3.43%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 3, 2016
Sold by
Roger W Olsen
Bought by
Klima Dennis and Klima Dorothy
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
3.43%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 3, 2016
Sold by
Klima Dennis
Bought by
Somers James F
Purchase Details
Listed on
Jan 10, 2012
Closed on
Jun 29, 2012
Sold by
Pickard Joseph A
Bought by
Klima Dennis and Klima Dorothy
Seller's Agent
Karen Cooper
Florida Keys Real Estate Group
Buyer's Agent
Hill/ Nardone
Prestige Realty BPK
List Price
$685,000
Sold Price
$550,000
Premium/Discount to List
-$135,000
-19.71%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.73%
Original Mortgage
$450,000
Interest Rate
5.5%
Mortgage Type
Stand Alone First
Purchase Details
Closed on
Apr 12, 2005
Sold by
Townsend Robert T
Bought by
Pickard Joseph A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$605,101
Interest Rate
1.75%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
Sep 9, 1998
Sold by
Robert T Townsend Tr
Bought by
Townsend Robert T
Purchase Details
Closed on
Mar 1, 1984
Bought by
Klima Dennis and Klima Dorothy
Purchase Details
Closed on
Feb 1, 1973
Bought by
Klima Dennis and Klima Dorothy
Similar Homes in Marathon, FL
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,600,000 | None Listed On Document | |
| Deed | $730,000 | -- | |
| Warranty Deed | $675,000 | None Available | |
| Deed | -- | -- | |
| Warranty Deed | $710,000 | None Available | |
| Quit Claim Deed | -- | Attorney | |
| Warranty Deed | $550,000 | Attorney | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $865,000 | -- | |
| Quit Claim Deed | $100 | -- | |
| Warranty Deed | $140,000 | -- | |
| Deed | $40,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,200,000 | New Conventional | |
| Previous Owner | $944,000 | New Conventional | |
| Previous Owner | $489,000 | New Conventional | |
| Previous Owner | $41,000 | Credit Line Revolving | |
| Previous Owner | $580,000 | No Value Available | |
| Previous Owner | -- | No Value Available | |
| Previous Owner | $150,000 | Purchase Money Mortgage | |
| Previous Owner | $625,000 | No Value Available | |
| Previous Owner | -- | No Value Available | |
| Previous Owner | $450,000 | Stand Alone First | |
| Previous Owner | $605,101 | Fannie Mae Freddie Mac |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/30/2024 10/30/24 | Sold | $1,600,000 | -7.2% | $734 / Sq Ft |
| 07/25/2024 07/25/24 | Price Changed | $1,724,999 | -1.4% | $791 / Sq Ft |
| 06/06/2024 06/06/24 | Price Changed | $1,749,000 | -10.1% | $802 / Sq Ft |
| 05/25/2024 05/25/24 | For Sale | $1,945,000 | +253.6% | $892 / Sq Ft |
| 06/30/2012 06/30/12 | Sold | $550,000 | -19.7% | $312 / Sq Ft |
| 06/01/2012 06/01/12 | Pending | -- | -- | -- |
| 01/10/2012 01/10/12 | For Sale | $685,000 | -- | $388 / Sq Ft |
Source: Marathon and Lower Keys Association of REALTORS®
Tax History Compared to Growth
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 | $10,396 | $1,326,510 | $872,435 | $454,075 |
| 2023 | $10,396 | $1,213,487 | $782,746 | $430,741 |
| 2022 | $9,377 | $985,962 | $589,098 | $396,864 |
| 2021 | $8,404 | $702,439 | $342,451 | $359,988 |
| 2020 | $6,294 | $538,844 | $0 | $0 |
| 2019 | $6,177 | $526,730 | $0 | $0 |
| 2018 | $5,907 | $516,909 | $0 | $0 |
| 2017 | $5,809 | $506,278 | $0 | $0 |
| 2016 | $5,853 | $495,865 | $0 | $0 |
| 2015 | $5,360 | $444,958 | $0 | $0 |
| 2014 | $5,819 | $439,425 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Sam Williams
Seller's Agent in 2024
Sam Williams
Coldwell Banker Schmitt Real Estate Co.
(305) 289-6532
635 Total Sales
-
Kasey Platt
K
Buyer's Agent in 2024
Kasey Platt
Florida Keys Real Estate Group
(305) 393-7044
7 Total Sales
-
K
Seller's Agent in 2012
Karen Cooper
Florida Keys Real Estate Group
-
H
Buyer's Agent in 2012
Hill/ Nardone
Prestige Realty BPK
-
P
Buyer's Agent in 2012
P. Morgan Hill & Paula Nardone
Exit Realty Florida Keys MTH
Map
Source: Marathon and Lower Keys Association of REALTORS®
MLS Number: 610155
APN: 00354830-000000
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