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$999,000
Marathon, FL 33050
MLS# 621068
3 beds | 3 baths | 1600 sqft
1 / 62
Property Description
THE LOWEST-PRICED UNIT CURRENTLY ON THE MARKET AT INDIGO REEF, OFFERED UNDER $1 MILLION! An incredible opportunity to own in one of Marathon's most sought-after Gulf-front communities at a price rarely seen. Fully Furnished, turn-key, and ready for its next owner! Tucked away on more than 10 acres along the Gulf of Mexico, Indigo Reef offers the perfect combination of privacy, resort-style amenities, boating, and convenience, all just minutes from the heart of Marathon. Villa 23 is a spacious 3-bedroom, 2.5-bath townhome offering approximately 1,600 sq. ft., an open-concept floor plan, vaulted ceilings in the primary bedroom, and beautiful, unobstructed Gulf views from inside the villa and its covered porches. Freshly painted interior in 2025, the home features tile flooring, granite countertops, stainless steel appliances, and comes fully furnished and turn-key. For boaters, a separately deeded 35-ft boat slip conveys with the property and is located just steps from the villa, with quick access to both the Gulf and Atlantic through Vaca Cut. Spend the day fishing or boating, then come home, pour a Key lime margarita, and watch another unforgettable Keys sunset from your own Gulf-view porch. Indigo Reef offers a heated resort-style pool, fitness room, ice machine, kayak storage, lush tropical grounds, gated entry, and generous owner storage in the climate-controlled HOA building with room for bikes, fishing gear, and more. The villa also includes a covered parking space conveniently located near the unit, with additional parking available. Weekly vacation rentals are permitted, offering flexibility as a vacation home, investment property, or your own private Keys escape. With open-water views, deeded boating, resort-style amenities, weekly rental potential, furnishings included, and a price under $1M, Villa 23 represents an exceptional opportunity at Indigo Reef. Don't miss your chance to own a piece of the Keys lifestyle at an incredible value
Details
Maps
Documents
Contract Information
Listing Board: Marathon/Lower Keys
As is Rght to Inspct: Yes
Bank Owned: Yes
Species List: Yes
Current Price: $999,000
Listing Date: 2026-08-23
List Price: $999,000
Location, Tax & Legal
Unit #: 23
City: MARATHON
Off Shore Island: No
Mile Marker: 52.5
Marathon Neighborhood: Marathon East - Gulf (Airport to Vaca)
Senior Community YN: No
Side: Bay/Gulf
Flood Zone: AE
Alternate Key #: 9090618
Add'l Parcel #1: 00104180-002300
Parcel #: 00104180-001230
Zoning: RH - Residential High
Deed Restrictions: Yes
Legal: RESIDENTIAL UNIT 23 INDIGO REEF MARINA HOMES &
BOAT DOCK SPACE SW 31 INDIGO REEF MARINA HOMES
Taxes: 8590.32
Tax Year: 2025
Pub Sewer HkUp: Yes
Street #: 11600
Street Name: 1St Avenue Gulf
Key/Island: Marathon
State/Province: FL
Zip Code: 33050
County: Monroe
Subdivision: Indigo Reef Marina Homes (52.5)
Area: 15 - Sombrero Bch Rd to Vaca Cut Gulfside
General Property Description
Realtor.COM Type: Residential - Condo/Townhouse
Waterfront: Yes
Control Depth: 3
Lot SqFt: 1152
Unit/Complex: Unit
Pool: Yes
Lot Sqft Source: Property Data Card
Total Units: 0
Acres: 0.03
SqFt Source: Property Data Card
Rentals Allowed: Yes
Min Rental Days: 7
Style: Townhouse
Year Built: 2006
Living Apx SqFt: 1600
Total Bedrooms: 3
Full Baths: 2
Half Baths: 1
Total Baths: 3
Remarks & Misc
Remarks – Consumer: THE LOWEST-PRICED UNIT CURRENTLY ON THE MARKET AT INDIGO REEF, OFFERED UNDER $1 MILLION! An incredible opportunity to own in one of Marathon's most sought-after Gulf-front communities at a price rarely seen. Fully Furnished, turn-key, and ready for its next owner!
Tucked away on more than 10 acres along the Gulf of Mexico, Indigo Reef offers the perfect combination of privacy, resort-style amenities, boating, and convenience, all just minutes from the heart of Marathon.
Villa 23 is a spacious 3-bedroom, 2.5-bath townhome offering approximately 1,600 sq. ft., an open-concept floor plan, vaulted ceilings in the primary bedroom, and beautiful, unobstructed Gulf views from inside the villa and its covered porches. Freshly painted interior in 2025, the home features tile flooring, granite countertops, stainless steel appliances, and comes fully furnished and turn-key.
For boaters, a separately deeded 35-ft boat slip conveys with the property and is located just steps from the villa, with quick access to both the Gulf and Atlantic through Vaca Cut. Spend the day fishing or boating, then come home, pour a Key lime margarita, and watch another unforgettable Keys sunset from your own Gulf-view porch.
Indigo Reef offers a heated resort-style pool, fitness room, ice machine, kayak storage, lush tropical grounds, gated entry, and generous owner storage in the climate-controlled HOA building with room for bikes, fishing gear, and more. The villa also includes a covered parking space conveniently located near the unit, with additional parking available.
Weekly vacation rentals are permitted, offering flexibility as a vacation home, investment property, or your own private Keys escape.
With open-water views, deeded boating, resort-style amenities, weekly rental potential, furnishings included, and a price under $1M, Villa 23 represents an exceptional opportunity at Indigo Reef.
Don't miss your chance to own a piece of the Keys lifestyle at an incredible value
Directions: From US 1 turn onto 1st Ave Gulf, Gate will open automatically. Take the road to the stop sign and turn right house on left.
Association Info
Mandatory Home Owners Asc: Yes
1st Right of Refusal: No
Condo Doc's: Yes
Association Fee $: 1219
Assoc/Mnt Fee Per: Monthly
Fee Includes
Cable: 1
Common Area Mnt: 1
Security: 1
Other: 1
Dockage
Dock Length: 35
Dock: Composite
Boat Slip: 1
Tax Exemptions
None: 1
Appliances
Dishwasher: 1
Dryer: 1
Microwave: 1
Oven: 1
Range: 1
Refrigerator: 1
Stainless Steel Appliance(s): 1
Washer: 1
Pets
Pets w/Restrictions: see condo docs
Cooling
Ceiling Fans(s): 1
Central Air: 1
Heat Pump: 1
Heating
Electric: 1
Waterfront
Bay Front: 1
Canal Front: 1
Gulf Front: 1
Open Water: 1
Waterview
Bay/Gulf View: 1
Canal View: 1
Open Water View: 1
Floor
Carpet: 1
Tile: 1
Neighborhood Feature
Airstrip: 1
Beach: 1
Bike Paths: 1
Community Boat Ramp: 1
Community Pool: 1
Tennis Courts: 1
Other Area Features: 1
Interior Features
Cathedral Ceilings: 1
Drapes/Blinds Incl: 1
Granite Counter Top: 1
Smoke Alarms: 1
Split Bedroom: 1
Storage: 1
Window Treatments: 1
Specialty Rooms
Gym: 1
Other: 1
Building Style
Above Flood: Yes
Stories: 2 Stories
Townhouse: 1
Windows/Doors
Aluminum Windows: 1
French Doors: 1
Other Windows/Doors: 1
Vehicle Storage
Car(s): 4+
Carport: 1
Guest Parking: 1
Open Parking: 1
Assigned Parking: 1
Security
Electric Gate: 1
Construction
Frame: 1
Hardi Board Siding: 1
Land Size
Less Than 1/4 Acre: 1
Furnished
Furnished: 1
Terms
Cash: 1
Conventional: 1
FHA: 1
VA: 1
Utilities
Buyer to Verify: 1
Cable Available: 1
Elect Separate Meter: 1
FKAA: 1
Water Separate Meter: 1
Porch/Balcony
Deck: 1
Open Porch/Balcony: 1
Title
Title Ins - Buyer: 1
Exterior Features
Fencing: 1
Lanai: 1
Outdoor Shower: 1
Sprinkler System: 1
Storage: 1
Pool Info
In Ground: 1
Heated: Yes
Concrete: 1
Pre-Wired
Cable: 1
Roof
Metal Roof: 1
Financial Status
Bank Owned: Yes
Status Change Info
Status: Active
Property Features
Fee Includes: Cable; Common Area Mnt; Security; Other
Tax Exemptions: None
Waterfront: Bay Front; Canal Front; Gulf Front; Open Water
Waterview: Bay/Gulf View; Canal View; Open Water View
Dockage: Boat Slip
Building Style: Townhouse
Vehicle Storage: Carport; Assigned Parking; Guest Parking; Open Parking
Furnished: Furnished
Cooling: Ceiling Fans(s); Central Air; Heat Pump
Utilities: Buyer to Verify; Cable Available; Elect Separate Meter; FKAA; Water Separate Meter
Interior Features: Cathedral Ceilings; Drapes/Blinds Incl; Granite Counter Top; Smoke Alarms; Split Bedroom; Storage; Window Treatments
Pre-Wired: Cable
Specialty Rooms: Gym; Other
Appliances: Dishwasher; Dryer; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer
Exterior Features: Fencing; Lanai; Outdoor Shower; Sprinkler System; Storage
Pool Info: In Ground; Concrete
Construction: Frame; Hardi Board Siding
Floor: Carpet; Tile
Roof: Metal Roof
Neighborhood Feature: Airstrip; Beach; Bike Paths; Community Boat Ramp; Community Pool; Tennis Courts; Other Area Features
Security: Electric Gate
Land Size: Less Than 1/4 Acre
Terms: Cash; Conventional; FHA; VA
Title: Title Ins - Buyer
Declarations 
Listing Office: Coldwell Banker Schmitt Real Estate Co.
Last Updated: August - 23 - 2026
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.