NOT LISTED FOR SALE

780 122nd Street Ocean Marathon, FL 33050

Estimated Value: $938,000 - $1,985,000

4 Beds
3 Baths
1,840 Sq Ft
$903/Sq Ft Est. Value

Last Sold January 31, 2023

Last sale price $1,750,000 $951 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $10,160/month

47 Days on Market

Highlights

  • Airstrip
  • Boat Ramp
  • Dock made with concrete
  • Coral Shores High School Rated A
  • Beach
  • Detached Guest House

About This Home

As of January 2023

Welcome to Banyan Bungalows on the water! 3 units tucked away in a tropical garden setting at the end of a deep water canal. Easy access to Shelter Bay and out through Vaca Cut. This full Duplex looks down the canal with one side having 1 bed/1 bath while the other larger side is a 1 bed/1 bath with an enclosed atrium and bonus guest room/bathroom with separate entrance. The cottage is a detached 1 bed/1 bath w/screened porch overlooking the gardens, pool and water. This large lot also boasts a tiki hut, in-ground concrete pool, and a private beach area. Great family compound or vacation rental perfect for entertaining and water sports. Would make a great Bed and Breakfast or Corporate Retreat. Protected 60' concrete seawall and concrete dock. Property includes substantial bay bottom.

Last Agent to Sell the Property

Joshua Mothner

Coldwell Banker Schmitt Real Estate Co. License #659317 Listed on: 10/06/2022

Coldwell Banker Schmitt Real Estate Co.

Co-Listed By

Teri Hiller

Coldwell Banker Schmitt Real Estate Co. License #3322619

Last Buyer's Agent

554482 554482

Coldwell Banker Schmitt Real Estate Co.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,815

Year Built

  • Built in 1968

Lot Details

  • 0.75 Acre Lot
  • Home fronts a canal
  • Sandy Beach

Parking

  • Off-Street Parking

Home Design

  • Metal Roof

Interior Spaces

  • 1,840 Sq Ft Home
  • Bar
  • Shutters
  • Tile Flooring
  • Canal Views
  • Monitored

Kitchen

  • <<OvenToken>>
  • Range<<rangeHoodToken>>
  • <<microwave>>
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Concrete Pool
  • In Ground Pool
  • Saltwater Pool

Outdoor Features

  • Airstrip
  • Dock made with concrete
  • Deck
  • Shed
  • Tiki or Chickee Hut
  • Rain Gutters

Utilities

  • Central Air
  • Cooling System Mounted To A Wall/Window
  • Heat Pump System
  • Public Hookup Available For Sewer
  • Cable TV Available

Additional Features

  • Detached Guest House
  • Ground Level

Listing and Financial Details

  • Minimum Rental Period: 7
  • Assessor Parcel Number 00100610-000100

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Ederharter Sub Subdivision
  • Rental Restrictions

Recreation

  • Boat Ramp
  • Beach
  • Bike Trail

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,815

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Multi-Units
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Control Depth: 5
  • Dockage Dock: Concrete
  • Fee Includes: None
  • Key Island: Marathon
  • Limited Representation: No
  • Marathon Neighborhood: Vaca East (Vaca to Coco)
  • Mile Marker: 53.50
  • Min Rental Days: 7.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Community Boat Ramp, Bike Paths, Airstrip, Other Area Features, Beach, Fire Hydrant
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 8814.88
  • Vehicle Storage: Off Street Parking
  • Year Built: 1968
  • Alternate Key Number: 1117579
  • Building Style: Ground Level
  • Cooling Heating: Central Air, Heat Pump, Wall/Window Unit(s)
  • Lot Sq Ft: 21818.00
  • Pool Info: In Ground, Concrete, Salt Water
  • Porch Balcony: Deck
  • Shutters: Clam Shell
  • Species List: Yes
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 1840.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Washer, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile
  • Specialty Rooms: Laundry Room
  • Total Bedrooms: 4
  • Accessibility Features: None
  • Sq Ft Remarks: Square Footage may be different than reflected on the property record card

Exterior Features

  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Bar, Storage, Shed, Sandy Beach, Rain Gutters, Detached Guest Qtrs, Chickee Hut
  • Roof: Metal Roof
  • Waterview: Canal View
  • Pool: Yes

Utilities

  • Security: Patrolled Area
  • Utilities: FKAA, Cable Available, Municipal Sewer
  • Heating: None

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE,AE
  • Parcel Number: 00100610-000100
  • Land Size: 1/2 - Less Than 1 AC
  • Acres: 0.75

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2021

Multi Family

  • Total Units: 3.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2022
Closed on
Jan 31, 2023
Sold by
Voorhees Jeffery S
Bought by
Robley Robert Patrick and Robley Lynn Marie
Seller's Agent
Joshua Mothner
Coldwell Banker Schmitt Real Estate Co.
Buyer's Agent
554482 554482
Coldwell Banker Schmitt Real Estate Co.
List Price
$2,200,000
Sold Price
$1,750,000
Premium/Discount to List
-$450,000
-20.45%
Views
2
Current Estimated Value
$1,660,970

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$89,030
Avg. Annual Appreciation
-2.12%

Purchase Details

Listed on
Oct 29, 2018
Closed on
Mar 26, 2019
Sold by
Staudner and Martina
Bought by
Voorhees Jeffery S
Seller's Agent
Joshua Mothner
Coldwell Banker Schmitt Real Estate Co.
Buyer's Agent
Margaret Gonzalez
Coldwell Banker Schmitt Islamorada
List Price
$899,000
Sold Price
$835,000
Premium/Discount to List
-$64,000
-7.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.83%
Original Mortgage
$0
Interest Rate
1%
Mortgage Type
Unknown

Purchase Details

Listed on
Oct 29, 2018
Closed on
Mar 5, 2019
Sold by
Staudner and Martina
Bought by
Voorhees Jeffery S
Seller's Agent
Joshua Mothner
Coldwell Banker Schmitt Real Estate Co.
Buyer's Agent
Margaret Gonzalez
Coldwell Banker Schmitt Islamorada
List Price
$899,000
Sold Price
$835,000
Premium/Discount to List
-$64,000
-7.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$0
Interest Rate
1%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 5, 1996
Sold by
Clair Janet Le
Bought by
Staudner Rupert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
7.83%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 1, 1983
Bought by
Staudner Rupert L and Staudner E

Purchase Details

Closed on
Feb 1, 1973
Bought by
Staudner Rupert L and Staudner E
Source: Public Records

Range of Values:

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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
Robley Robert Patrick $1,750,000 --
Voorhees Jeffery S $835,000 None Listed On Document
Voorhees Jeffery S $835,000 None Listed On Document
Staudner Rupert $100 --
Staudner Rupert $100 --
Staudner Rupert L $122,000 --
Staudner Rupert L $60,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Voorhees Jeffery S $0
Previous Owner Staudner Rupert $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2023 01/31/23 Sold $1,750,000 -10.3% $951 / Sq Ft
11/03/2022 11/03/22 Price Changed $1,950,000 -11.4% $1,060 / Sq Ft
10/06/2022 10/06/22 For Sale $2,200,000 +163.5% $1,196 / Sq Ft
03/05/2019 03/05/19 Sold $835,000 -7.1% $323 / Sq Ft
01/18/2019 01/18/19 Pending -- -- --
10/29/2018 10/29/18 For Sale $899,000 -- $348 / 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
2024 $11,529 $1,466,249 $1,041,762 $424,487
2023 $11,529 $1,404,976 $962,955 $442,021
2022 $9,906 $1,046,594 $648,224 $398,370
2021 $8,815 $747,746 $396,263 $351,483
2020 $8,203 $698,514 $344,338 $354,176
2019 $6,681 $633,907 $0 $0
2018 $6,225 $629,371 $0 $0
2017 $5,671 $533,240 $0 $0
2016 $5,449 $487,395 $0 $0
2015 $5,514 $490,281 $0 $0
2014 $5,189 $424,387 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Joshua Mothner

    Seller's Agent in 2023

    Joshua Mothner

    Coldwell Banker Schmitt Real Estate Co.

    (305) 743-5181

    176 Total Sales

    Joshua Mothner
    Section Image
  • Teri Hiller

    Seller Co-Listing Agent in 2023

    Teri Hiller

    Coldwell Banker Schmitt Real Estate Co.

    (305) 481-0361

    76 Total Sales

    Teri Hiller
    Section Image

  • 5

    Buyer's Agent in 2023

    554482 554482

    Coldwell Banker Schmitt Real Estate Co.

  • Margaret Gonzalez

    Buyer's Agent in 2019

    Margaret Gonzalez

    Coldwell Banker Schmitt Islamorada

    (305) 505-5411

    29 Total Sales

    Margaret Gonzalez
    Section Image
See All Agents

Map

Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 602702

APN: 00100610-000100

Florida Monroe County Marathon 33050

780 122nd Street Ocean, Marathon, FL

This home is located at 780 122nd Street Ocean, Marathon, FL 33050 since 06 October 2022 and is currently estimated at $1,660,970, approximately $902 per square foot. This property was built in 1968. 780 122nd Street Ocean is a home located in Monroe County with nearby schools including Stanley Switlik Elementary School, Marathon Middle High School, and Coral Shores High School.

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