Seller's Agent in 2025
Erin Kiel
LPT Realty, LLC
(636) 579-8185
5 in this area
41 Total Sales
587 116th Street Ocean Marathon, FL 33050
2
Beds
1
Bath
832
Sq Ft
2,750
Sq Ft Lot
Highlights
- Spa
- No HOA
- Impact Glass
- Coral Shores High School Rated A
- Stainless Steel Appliances
- Walk-In Closet
About This Home
As of April 2025What a lovely island escape! This updated and oh-so-charming Marathon bungalow is ideally located near everything that makes the Florida Keys magical--world-class diving and fishing, scenic kayak trails, pristine state parks, gorgeous beaches, and, of course, legendary tiki bars.Designed for easy living from Day 1, this solid concrete home features newer roof, windows, and AC units, plus a beautifully renovated kitchen and bath, a spa, and the convenience of onsite laundry. Fully furnished and completely turnkey, it's an active vacation rental with glowing reviews--giving you the flexibility to enjoy it yourself or let it generate income effortlessly.Whether you're looking for a laid-back island retreat or a savvy investment, this low-maintenance property is ready to welcome you to island life!Buyer to verify all information.
Co-Listed By
Better Homes and Gardens Real Estate Destinations License #3157271
Last Buyer's Agent
Lilas Ashkarian
C 21 Keysearch Realty
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,571
Year Built
- Built in 1969
Lot Details
- 2,750 Sq Ft Lot
- Property is zoned RM - Residential Medium
Parking
- Off-Street Parking
Home Design
- Tar and Gravel Roof
Interior Spaces
- 832 Sq Ft Home
- Storage
- Tile Flooring
Kitchen
- Oven
- Range
- Microwave
- Dishwasher
- Stainless Steel Appliances
Bedrooms and Bathrooms
- 2 Bedrooms
- Walk-In Closet
- 1 Full Bathroom
Laundry
- Laundry Room
- Dryer
- Washer
Home Security
- Impact Glass
- Fire and Smoke Detector
Outdoor Features
- Spa
- Patio
- Shed
Location
- Ground Level
Utilities
- Ductless Heating Or Cooling System
- Public Hookup Available For Sewer
- Cable TV Available
Community Details
- No Home Owners Association
- Little Venice Subdivision
Listing and Financial Details
- Minimum Rental Period: 7
- Assessor Parcel Number 00345860-000000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 21, 2025
Closed on
Apr 28, 2025
Sold by
Gibson Teresa M
Bought by
Charles Luc H and Mascary Kerne-Suze
Seller's Agent
Erin Kiel
LPT Realty, LLC
Buyer's Agent
Lilas Ashkarian
C 21 Keysearch Realty
List Price
$539,900
Sold Price
$539,900
Views
38
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
-$2,839
Avg. Annual Appreciation
-0.76%
Original Mortgage
$20,000
Outstanding Balance
$16,260
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$520,801
Purchase Details
Closed on
Feb 14, 2025
Sold by
Gibson-Garratt Teresa M and Garratt Neil C
Bought by
Gibson Teresa M
Purchase Details
Closed on
Jul 28, 2021
Sold by
Labance Richard and Charlton Stacy
Bought by
Gannon Joseph and Gannon Tracy
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
3%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 18, 2005
Sold by
Miller John W and Barbera Barbara
Bought by
Labance Richard and Charlton Stacy
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 15, 2003
Sold by
Yankey Richard H and Yankey Linda L
Bought by
Barbera Barbara and Miller John W
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
5.79%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 18, 2001
Sold by
Salado Nicholas
Bought by
Yankey Richard H and Yankey Linda L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,945
Interest Rate
7.53%
Mortgage Type
FHA
Purchase Details
Closed on
Jun 17, 1999
Sold by
Zukauakas Iren
Bought by
Salado Nicholas
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,400
Interest Rate
7.04%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Jul 1, 1997
Bought by
Labance Richard
Purchase Details
Closed on
Jun 1, 1987
Bought by
Labance Richard
Purchase Details
Closed on
Oct 1, 1980
Bought by
Labance Richard
Purchase Details
Closed on
May 1, 1979
Bought by
Labance Richard
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 | $539,900 | None Listed On Document | |
| Warranty Deed | $539,900 | None Listed On Document | |
| Warranty Deed | $539,900 | None Listed On Document | |
| Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | $355,000 | Townsend Title Ins Agcy Llc | |
| Warranty Deed | $275,000 | -- | |
| Warranty Deed | $165,000 | -- | |
| Warranty Deed | $133,000 | -- | |
| Warranty Deed | $112,000 | -- | |
| Warranty Deed | $89,900 | -- | |
| Warranty Deed | $60,000 | -- | |
| Warranty Deed | $35,000 | -- | |
| Deed | $30,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $20,000 | New Conventional | |
| Closed | $20,000 | New Conventional | |
| Open | $508,750 | FHA | |
| Closed | $508,750 | FHA | |
| Previous Owner | $288,000 | New Conventional | |
| Previous Owner | $220,000 | Purchase Money Mortgage | |
| Previous Owner | $155,000 | New Conventional | |
| Previous Owner | $130,945 | FHA | |
| Previous Owner | $78,400 | Credit Line Revolving | |
| Closed | $45,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/28/2025 04/28/25 | Sold | $539,900 | 0.0% | $649 / Sq Ft | |
| 04/26/2025 04/26/25 | Pending | -- | -- | -- | |
| 02/21/2025 02/21/25 | For Sale | $539,900 | +15.1% | $649 / Sq Ft | |
| 04/27/2022 04/27/22 | Sold | $469,000 | -2.1% | $564 / Sq Ft | View Prior Sale |
| 03/26/2022 03/26/22 | Pending | -- | -- | -- | |
| 03/23/2022 03/23/22 | Price Changed | $479,000 | -2.0% | $576 / Sq Ft | |
| 03/13/2022 03/13/22 | For Sale | $489,000 | -- | $588 / Sq Ft |
Source: Florida Keys Board 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 |
|---|---|---|---|---|
| 2025 | $4,571 | $417,757 | $242,688 | $175,069 |
| 2024 | $4,328 | $436,275 | $260,563 | $175,712 |
| 2023 | $4,328 | $406,512 | $242,688 | $163,824 |
| 2022 | $3,680 | $340,835 | $188,375 | $152,460 |
| 2021 | $1,424 | $100,587 | $0 | $0 |
| 2020 | $1,399 | $99,199 | $0 | $0 |
| 2019 | $1,372 | $96,968 | $0 | $0 |
| 2018 | $1,331 | $95,160 | $0 | $0 |
| 2017 | $1,306 | $93,203 | $0 | $0 |
| 2016 | $1,304 | $91,286 | $0 | $0 |
| 2015 | $1,315 | $90,651 | $0 | $0 |
| 2014 | $1,321 | $89,932 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Erin Kiel
-
Jaclyn Kelley, Broker
J
Seller Co-Listing Agent in 2025
Jaclyn Kelley, Broker
Better Homes and Gardens Real Estate Destinations
(305) 451-1020
5 in this area
46 Total Sales
-
L
Buyer's Agent in 2025
Lilas Ashkarian
C 21 Keysearch Realty
-
Sheryl Phillips
Seller's Agent in 2022
Sheryl Phillips
Coldwell Banker Schmitt Real Estate Co.
(248) 935-3728
29 in this area
52 Total Sales
-
Richard Phillips
R
Seller Co-Listing Agent in 2022
Richard Phillips
Coldwell Banker Schmitt Real Estate Co.
(248) 505-4058
28 in this area
49 Total Sales
Map
Source: Florida Keys Board of REALTORS®
MLS Number: 613835
APN: 00345860-000000
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
- 11554 5th Avenue Ocean
- 585 116th Street Ocean
- 699 116th Street Ocean
- 11563 4th Avenue Ocean
- 11405 3rd Avenue Ocean
- 11725 3rd Avenue Ocean
- 11348 4th Avenue Ocean
- 11399 6th Avenue Ocean
- 11339 5th Avenue Ocean
- 11401 1st Ave
- 11284 3rd Avenue Ocean
- 11600 1st Ave Unit 23
- 11050 5th Avenue Ocean
- 9701 Gulf of Mexico Blvd Unit Lot 4
- 480 109th Street Ocean
- 11890 1st Avenue Gulf Unit 3
- 0 Gulf of Mexico Blvd Unit 613238
- 211 120th Street Gulf Unit B
- 10877 Overseas Hwy Unit 43
- 10877 Overseas Hwy Unit 30