NOT LISTED FOR SALE

585 116th Street Ocean Marathon, FL 33050

Marathon Area

Estimated Value: $395,000 - $500,812

2 Beds
1.5 Baths
984 Sq Ft
$433/Sq Ft Est. Value

Sale Details

Date Sold: January 21, 2026

Last sale price $390,000 $396 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $2,607 / mo

177 Days on Market

Highlights

  • No HOA
  • Shutters
  • Guest Parking
  • Coral Shores High School Rated A
  • Tile Flooring
  • Ceiling Fan

About This Home

As of January 2026

Vintage 1950s Conch House with Bonus Lot - Endless Potential in the Florida Keys.Step back in time with this classic 1950s conch house, ready for a fresh new vision. This charming fixer-upper offers the perfect opportunity to restore a piece of Florida Keys history or reimagine it entirely. Whether you're looking for a renovation project, a vacation retreat, or a long-term investment, this property is full of potential. The sale includes an additional adjacent parcel, giving you extra space for expansion, parking, a pool, guest cottage, or future development (buyer to verify). With two separate lots included in the price, the possibilities are endless. Located in a peaceful and established neighborhood, you'll enjoy the authentic island vibe, mature trees, and proximity to boating, dining, and all that the Keys lifestyle has to offer.

Last Agent to Sell the Property

Paulette Thompson PA

Ocean Sotheby's International License #3225300 Listed on: 05/23/2025

Ocean Sotheby's International

Co-Listed By

Jass Tremblay

Ocean Sotheby's International License #3287539

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,417

Year Built

  • Built in 1955

Lot Details

  • 5,500 Sq Ft Lot
  • Property is zoned RM-1 - Residential Medium - 1

Home Design

  • Fixer Upper
  • Tar and Gravel Roof

Interior Spaces

  • 984 Sq Ft Home
  • Ceiling Fan
  • Shutters
  • Blinds
  • Utility Room
  • Washer

Kitchen

  • Oven
  • Range

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms

Parking

  • 3 Parking Spaces
  • Guest Parking
  • Open Parking
  • Off-Street Parking

Location

  • Ground Level

Utilities

  • Cooling System Mounted To A Wall/Window
  • Separate Meters
  • Public Hookup Available For Sewer

Community Details

  • No Home Owners Association
  • Little Venice Subdivision
  • Rental Restrictions

Listing and Financial Details

  • Minimum Rental Period: 7
  • Assessor Parcel Number 00345810-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,417

Year Built

Built in 1955

Lot Details

5,500 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • Additional Assessor Parcel Number 1: 00345820-000000
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Marathon
  • Limited Representation: No
  • Marathon Neighborhood: Marathon East - Ocean (Airport to Vaca)
  • Mile Marker: 53.00
  • Min Rental Days: 7.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 3416.67
  • Vehicle Storage: Open Parking, Off Street Parking, Guest Parking
  • Vehicle Storage Cars: 3
  • Year Built: 1955
  • Alternate Key Number: 1423688
  • Building Style: Ground Level
  • Cooling Heating: Wall/Window Unit(s), Ceiling Fans(s)
  • Lot Sq Ft: 5500.00
  • Shutters: Clam Shell
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 984.00
  • Financial Status Standard Sale: Yes
  • Property Condition: Fixer Upper
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Drapes/Blinds Incl
  • Total Bathrooms: 2.00
  • Full Bathrooms: 1
  • Appliances: Washer, Oven, Range, Refrigerator
  • Floor: Tile, Laminate
  • Half Bathrooms: 1
  • Specialty Rooms: Utility Room
  • Total Bedrooms: 2

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: CBS
  • Roof: Tar/Gravel Roof
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: FKAA, Water Separate Meter, Elect Separate Meter, Buyer to Verify

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00345810-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.06

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2024

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
May 23, 2025
Closed on
Dec 30, 2025
Sold by
Bought by
Seller's Agent
Paulette Thompson PA
Ocean Sotheby's International
Buyer's Agent
Creative Technology
List Price
$625,000
Sold Price
$390,000
Premium/Discount to List
-$235,000
-37.6%
Views
258
Current Estimated Value
$426,203

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,203
Avg. Annual Appreciation
18.61%

Purchase Details

Closed on
Nov 6, 2024
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
$390,000 Folio Title
-- None Listed On Document
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
01/21/2026 01/21/26 Sold $390,000 -13.3% $396 / Sq Ft
11/16/2025 11/16/25 Pending -- -- --
09/09/2025 09/09/25 Price Changed $450,000 -9.8% $457 / Sq Ft
07/11/2025 07/11/25 Price Changed $499,000 -20.2% $507 / Sq Ft
05/23/2025 05/23/25 For Sale $625,000 -- $635 / 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 $3,417 $392,964 $242,688 $150,276
2024 $3,176 $407,239 $260,563 $146,676
2023 $3,176 $380,484 $242,688 $137,796
2022 $2,914 $326,308 $188,375 $137,933
2021 $2,623 $243,301 $134,269 $109,032
2020 $2,395 $218,635 $96,009 $122,626
2019 $2,322 $228,811 $112,613 $116,198
2018 $2,123 $215,361 $103,950 $111,411
2017 $1,927 $182,489 $0 $0
2016 $2,025 $218,439 $0 $0
2015 $1,688 $137,193 $0 $0
2014 $1,522 $100,288 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2026

    Paulette Thompson PA

    Ocean Sotheby's International

    (305) 923-4106

    22 Total Sales

    Paulette Thompson PA
    Section Image
  • Jass Tremblay

    Seller Co-Listing Agent in 2026

    Jass Tremblay

    Ocean Sotheby's International

    (305) 304-7508

    26 Total Sales

    Jass Tremblay
    Section Image

  • o

    Buyer's Agent in 2026

    outside of mls

    Outside Of MLS

See All Agents

Map

Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 615161

APN: 00345810-000000

Florida Monroe County Marathon 33050

585 116th Street Ocean, Marathon, FL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.