NOT LISTED FOR SALE

600 E 63rd St Marathon, FL 33050

Estimated Value: $1,408,539 - $1,851,000

7 Beds
4 Baths
2,986 Sq Ft
$539/Sq Ft Est. Value

Last Sold April 17, 2024

Last sale price $1,500,000 $502 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $9,441/month

269 Days on Market

Highlights

  • Dock made with wood
  • Home fronts a canal
  • No HOA
  • Coral Shores High School Rated A
  • Granite Countertops
  • Stainless Steel Appliances

About This Home

As of April 2024

Excellent investment opportunity at this income-producing triplex in a prime location! Rare in the Florida Keys, this triplex is located in Marathon where 7-day rentals are permitted, generate passive income with ease. The lower level boasts two 2 bedroom, 1 bathroom units, recently upgraded with wood-look tile flooring, quartz countertops and stainless steel appliances in the kitchens, and updated bathroom finishes. Upstairs is a sizeable 3 bedroom, 2 bathroom unit offering stunning views of the canal below and an oversized 100 ft. dock. Enjoy peace of mind no matter the weather with sturdy concrete construction and metal roof. Additional improvements include upgraded plumbing and electric systems, and fresh interior and exterior paint. The property also offers an abundance of on-site parking. Excellent central location providing proximity to exciting restaurants and shops in town. Take advantage of this incredible investment opportunity in beautiful Marathon, Florida!

Last Agent to Sell the Property

Lisa Ferringo

Coldwell Banker Schmitt Lower Keys (KW) License #605677 Listed on: 06/23/2023

Coldwell Banker Schmitt Lower Keys (KW)

Last Buyer's Agent

Sandra Tuttle

American Caribbean Real Estate Lower Keys

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,677

Year Built

  • Built in 1972

Lot Details

  • 7,500 Sq Ft Lot
  • Home fronts a canal
  • Fenced

Home Design

  • Metal Roof

Interior Spaces

  • 2,986 Sq Ft Home
  • Ceiling Fan
  • Storage
  • Tile Flooring
  • Canal Views
  • Impact Glass

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Granite Countertops
  • Quartz Countertops
  • Built-In or Custom Kitchen Cabinets

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Dock made with wood
  • Balcony
  • Screened Patio

Utilities

  • Central Air
  • Public Hookup Available For Sewer

Listing and Financial Details

  • Minimum Rental Period: 7
  • Assessor Parcel Number 00339850-000000

Community Details

Overview

  • No Home Owners Association
  • Sheryl Sub Subdivision
  • Rental Restrictions

Recreation

  • Bike Trail

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,677

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Multi-Units
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Dockage Dock: Wood
  • Fee Includes: None
  • Key Island: Marathon
  • Limited Representation: No
  • Marathon Neighborhood: Mid-Town - Ocean (Sombrero to 71st)
  • Mile Marker: 50.50
  • Min Rental Days: 7.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Bike Paths
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 9677.03
  • Title: Negotiable
  • Vehicle Storage: Open Parking, Off Street Parking
  • Year Built: 1972
  • Alternate Key Number: 1417467
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Lot Sq Ft: 7500.00
  • Porch Balcony: Open Porch/Balcony, Screened Patio
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 2986.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Built-in Cabinets, Quartz Countertops, Storage, Granite Counter Top
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Appliances: Washer, Stainless Steel Appliance(s), Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile
  • Windows/Doors: Impact Rstnce Window, Impact Rstnce Doors
  • Total Bedrooms: 7

Exterior Features

  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Fencing
  • Roof: Metal Roof
  • Waterview: Canal View
  • Pool: No

Utilities

  • Utilities: FKAA, Buyer to Verify, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE,AE
  • Parcel Number: 00339850-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.17

Rental Info

  • Rentals Allowed: With Restrictions

Tax Info

  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 17, 2025
Sold by
Young Eric and Young Sara
Bought by
City Of Marathon
Current Estimated Value
$1,609,635

Purchase Details

Listed on
Jun 23, 2023
Closed on
Apr 15, 2024
Sold by
Deep Blue Holdings Llc
Bought by
Young Eric and Young Sara
Seller's Agent
Lisa Ferringo
Coldwell Banker Schmitt Lower Keys (KW)
Buyer's Agent
Sandra Tuttle
American Caribbean Real Estate Lower Keys
List Price
$1,899,900
Sold Price
$1,500,000
Premium/Discount to List
-$399,900
-21.05%
Views
149

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.21%
Original Mortgage
$1,125,000
Interest Rate
6.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 28, 2015
Sold by
Longstreth Craig and Lunsford Nancy A
Bought by
Jhr Manor Lane Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$461,250
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 12, 2009
Sold by
Longstreth Craig
Bought by
Longstreth Craig and Lunsford Nancy A

Purchase Details

Closed on
Apr 1, 1993
Bought by
Jhr Manor Lane Llc

Purchase Details

Closed on
Sep 1, 1987
Bought by
Jhr Manor Lane Llc

Purchase Details

Closed on
May 1, 1981
Bought by
Jhr Manor Lane Llc

Purchase Details

Closed on
Feb 1, 1977
Bought by
Jhr Manor Lane Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
City Of Marathon -- None Listed On Document
Young Eric $1,500,000 None Listed On Document
Jhr Manor Lane Llc $615,000 Accommodation
Longstreth Craig -- None Available
Jhr Manor Lane Llc $155,000 --
Jhr Manor Lane Llc $165,000 --
Jhr Manor Lane Llc $130,000 --
Jhr Manor Lane Llc $72,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Young Eric $1,125,000
Previous Owner Jhr Manor Lane Llc $461,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/17/2024 04/17/24 Sold $1,500,000 -11.7% $502 / Sq Ft
03/18/2024 03/18/24 Pending -- -- --
01/08/2024 01/08/24 Price Changed $1,699,000 -2.9% $569 / Sq Ft
09/27/2023 09/27/23 Price Changed $1,749,000 -2.8% $586 / Sq Ft
08/15/2023 08/15/23 Price Changed $1,799,000 -5.3% $602 / Sq Ft
06/23/2023 06/23/23 For Sale $1,899,900 +97.4% $636 / Sq Ft
07/20/2020 07/20/20 Sold $962,500 -1.3% $424 / Sq Ft View Prior Sale
05/18/2020 05/18/20 For Sale $975,000 -- $430 / Sq Ft
Source: Marathon and Lower Keys Association of REALTORS®

Tax History Compared to Growth

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
2025 $12,094 $1,411,103 $790,830 $620,273
2024 $10,945 $1,274,283 $736,020 $538,263
2023 $10,945 $1,070,341 $508,950 $561,391
2022 $9,677 $900,739 $326,250 $574,489
2021 $9,028 $751,078 $251,213 $499,865
2020 $6,963 $552,687 $132,131 $420,556
2019 $7,510 $634,121 $262,969 $371,152
2018 $7,338 $642,623 $256,594 $386,029
2017 $7,146 $663,038 $0 $0
2016 $6,594 $546,485 $0 $0
2015 $5,615 $511,522 $0 $0
2014 -- $365,809 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lisa Ferringo

    Seller's Agent in 2024

    Lisa Ferringo

    Coldwell Banker Schmitt Lower Keys (KW)

    (305) 797-1221

    73 in this area

    580 Total Sales

    Lisa Ferringo
    Section Image

  • S

    Buyer's Agent in 2024

    Sandra Tuttle

    American Caribbean Real Estate Lower Keys

  • D

    Seller's Agent in 2020

    David Grego

    Island Breeze Realty Branch Office

    Section Image
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Map

Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 605758

APN: 00339850-000000

Florida Monroe County Marathon 33050

600 E 63rd St, Marathon, FL

Not Listed for Sale

MultiFamily

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