NOT LISTED FOR SALE

5301 Ocean Terrace Unit 5 Marathon, FL 33050

Marathon Area

Estimated Value: $408,991

2 Beds
1 Bath
776 Sq Ft
0.59 Acre Lot

Sale Details

Date Sold: February 13, 2025

Last sale price $415,000 $535 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $3,373 / mo

59 Days on Market

Highlights

  • Beach
  • Harbor Views
  • Furnished
  • Concrete Pool
  • Home fronts a canal
  • Quartz Countertops

About This Home

As of February 2025

Freshly renovated and fully furnished waterfront two bedroom, one bathroom condo located at Tradewinds West in Marathon! First floor location provides easy access with no stairs to climb. New PVC plumbing and sewer lines in unit and throughout entire first floor of the building. Association received the Recertification Letter from the City of Marathon a few years ago, completing all concrete spalling, updated electrical and roof. Step inside Unit 5 and fall in love with the brand new updates: coastal inspired light and bright finishes throughout, porcelain tile floors, quartz countertops in kitchen with new white shaker cabinets, turquoise backsplash, new stainless steel appliances, and a rare in-unit washer & dryer. Convenient bathroom features gorgeous step-in tiled shower, glass enclosure coming soon, new tile flooring, commode and vanity. Both bedrooms are nicely sized with a king size bed in the waterside bedroom, and a queen sized bed in the street side bedroom. Two ductless mini split AC's in unit for additional cooling and a tankless hot water heater for efficiency. Conveys fully furnished, so just bring your toothbrush and bathing suit! Escape to the waterfront screened porch to lounge with a cup of coffee or an evening cocktail. First come first serve dockage available for up to a 28 foot vessel ($250 per year for any space, or $300 for a specific dock space). Sunbathe in the nearby heated salt water pool. Recently upgraded laundry room if needed, plus personal storage unit, kayak / bike storage, and outdoor grills offer an island life full of amenities. With the central location close to grocery stores, restaurants and just a few miles to locally adored Sombrero Beach, what more could you desire? Island life is calling!

Last Agent to Sell the Property

Ally Kelley

Ocean Sotheby's International License #SL3352184 Listed on: 11/19/2024

Ocean Sotheby's International

Last Buyer's Agent

Ally Kelley

Ocean Sotheby's International License #SL3352184 Listed on: 11/19/2024

Ocean Sotheby's International
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

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,740

Year Built

  • Built in 1971 | Remodeled

Lot Details

  • 0.59

HOA Fees

  • $800 Monthly HOA Fees

Property Views

  • Harbor
  • Canal

Home Design

  • Entry on the 1st floor
  • Tar and Gravel Roof

Interior Spaces

  • 776 Sq Ft Home
  • Furnished
  • Storage
  • Tile Flooring

Kitchen

  • Oven
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Quartz Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • Guest Parking
  • Off-Street Parking
  • Assigned Parking

Pool

  • Concrete Pool
  • Heated In Ground Pool

Outdoor Features

  • First Come-First Served Dock
  • Seawall
  • Screened Balcony
  • Outdoor Storage

Utilities

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

Additional Features

  • Home fronts a canal
  • Ground Level

Listing and Financial Details

  • Minimum Rental Period: 30
  • Assessor Parcel Number 00325131-000500

Community Details

Overview

  • Association fees include exterminating, common area mnt, building insurance, bldg exterior mnt
  • 16 Units
  • Tradewinds West Subdivision
  • Rental Restrictions

Recreation

  • Beach

Pet Policy

  • Pets Allowed with Restrictions

Security

  • Complete Accordion Shutters

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,740

Year Built

Built in 1971 | Remodeled

Lot Details

0.59 Acres

HOA Fees

$800 per month

Listing Details

  • Property Type: Residential
  • Style: Condo
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Approval Required: Yes
  • Association Fee: 800.00
  • Mandatory HOA: Yes
  • Dockage Seawall: Concrete
  • Fee Includes: Exterminating, Common Area Mnt, Building Insurance, Bldg Exterior Mnt
  • Key Island: Marathon
  • Limited Representation: No
  • Marathon Neighborhood: Old Town East (25th to Sombrero)
  • Mile Marker: 50.00
  • Min Rental Days: 30.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Beach
  • Off Shore Island: No
  • Pets W Restrictions: Less than 40 lbs
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 3739.58
  • Vehicle Storage: Assigned Parking, Off Street Parking, Guest Parking
  • Year Built: 1971
  • Alternate Key Number: 1399141
  • Building Style: Ground Level
  • Cooling Heating: Ductless
  • Pool Info: In Ground, Concrete
  • Pool Info Heated: Yes
  • Porch Balcony: Screened P/B
  • Association Maintenance Fee Per: Monthly
  • Association Info Condo Docs: Yes
  • Shutters: Accordion
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: No
  • Estimated Living Sq Ft: 776.00
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Unit Complex: Unit
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Interior Amenities: Storage, Quartz Countertops
  • Floor Number: 1.00
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Appliances: Washer, Stainless Steel Appliance(s), Microwave, Oven, Refrigerator, Dishwasher, Dryer
  • Floor: Tile
  • Total Bedrooms: 2

Exterior Features

  • Dockage: First Come Dock
  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Storage
  • Roof: Tar/Gravel Roof
  • Waterview: Canal View, Harbor/Marina View
  • Pool: Yes

Utilities

  • Utilities: FKAA, Cable Available, Elect Separate Meter, Buyer to Verify, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00325131-000500
  • Land Size: 1/2 - Less Than 1 AC

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Furnished

Tax Info

  • Tax Year: 2024

Multi Family

  • Total Units: 16.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 19, 2024
Closed on
Feb 10, 2025
Sold by
Bought by
Seller's Agent
Ally Kelley
Ocean Sotheby's International
Buyer's Agent
Ally Kelley
Ocean Sotheby's International
List Price
$425,000
Sold Price
$415,000
Premium/Discount to List
-$10,000
-2.35%
Views
76
Current Estimated Value
$408,991

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,009
Avg. Annual Appreciation
-0.97%

Purchase Details

Listed on
Mar 10, 2020
Closed on
Dec 9, 2020
Sold by
Bought by
Seller's Agent
Ally Kelley
Ocean Sotheby's International
Buyer's Agent
Ally Kelley
Ocean Sotheby's International
List Price
$295,000
Sold Price
$275,000
Premium/Discount to List
-$20,000
-6.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.35%

Purchase Details

Listed on
Feb 2, 2013
Closed on
Dec 6, 2013
Sold by
Bought by
Seller's Agent
Lea Ruesch
Coldwell Banker Schmitt Real Estate Co.
Buyer's Agent
Thomas Willi
Fathom Realty NC
List Price
$175,000
Sold Price
$161,000
Premium/Discount to List
-$14,000
-8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.94%
Original Mortgage
$96,000
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 10, 2007
Sold by
Bought by

Purchase Details

Closed on
Sep 21, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.57%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 10, 1999
Bought by

Purchase Details

Closed on
Dec 9, 1993
Sold by
Bought by

Purchase Details

Closed on
Feb 1, 1977
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Marathon, FL

See All Agents

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$415,000 None Listed On Document
$275,000 Attorney
$161,000 Attorney
-- Attorney
$300,000 Florida Keys Title Company
$96,000 --
-- --
$29,500 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $96,000
Previous Owner $100,000
Previous Owner $300,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/13/2025 02/13/25 Sold $415,000 -2.4% $535 / Sq Ft
01/17/2025 01/17/25 Pending -- -- --
11/19/2024 11/19/24 For Sale $425,000 +54.5% $548 / Sq Ft
12/11/2020 12/11/20 Sold $275,000 -4.8% $354 / Sq Ft View Prior Sale
11/14/2020 11/14/20 Pending -- -- --
09/16/2020 09/16/20 Price Changed $289,000 -2.0% $372 / Sq Ft
03/10/2020 03/10/20 For Sale $295,000 +83.2% $380 / Sq Ft
12/09/2013 12/09/13 Sold $161,000 -8.0% $207 / Sq Ft View Prior Sale
09/19/2013 09/19/13 Pending -- -- --
02/02/2013 02/02/13 For Sale $175,000 -- $226 / Sq Ft
Source: Marathon and Lower Keys Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $3,895 $344,233 $344,233
2024 $3,669 $344,233 $344,233
2023 $3,669 $327,501 $0 $327,501
2022 $3,394 $275,776 $0 $275,776
2021 $3,178 $224,913 $0 $224,913
2020 $2,964 $233,704 $0 $233,704
2019 $2,789 $215,982 $0 $215,982
2018 $2,469 $170,143 $0 $0
2017 $2,292 $145,012 $0 $0
2016 $2,327 $145,012 $0 $0
2015 $2,207 $130,368 $0 $0
2014 $2,242 $130,368 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 612330

APN: 00325131-000500

Your Personal Tour Guide

Ask me questions while you tour the home.