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$1,095,000
Marathon, FL 33050
MLS# 621845
3 beds | 3 baths | 1360 sqft
1 / 40
Property Description
An exceptional opportunity to own a proven income-producing waterfront property in the heart of the Florida Keys! Located in the desirable Coral Lagoon Resort in Marathon, this 3-bedroom, 2.5-bath end-unit townhome offers the perfect combination of investment potential and personal enjoyment. Nightly rentals are permitted, and the property features a well-established vacation rental business with a documented history of gross rental income. Financial records available upon request. Enjoy the advantage of purchasing an established income-producing property while reserving time for your own Florida Keys getaway! Offering 1,360 square feet of living space, this two-story townhome features an open-concept living and dining area, kitchen with granite countertops, and covered outdoor living spaces overlooking the water. Upstairs, the spacious primary suite opens to a generous private balcony. Boaters will appreciate the included 40-foot deeded boat slip #13 located directly outside the back door! Enjoy quick access to the Atlantic Ocean, Gulf, reefs, sandbars, and world-class fishing. Coral Lagoon features lush tropical landscaping, a heated resort-style pool, and convenient access to the adjacent Boat House Marina with fuel, boat ramp, and boating services. Recent improvements include a new HVAC system and washer/dryer in spring 2026, professionally cleaned dryer vents in summer 2026, and replacement oven and dishwasher within the past three years. Metal roof! Conveniently located near Marathon's restaurants, shopping, and attractions. Whether you're seeking an established vacation rental investment, personal waterfront retreat, or both, this property offers the Florida Keys lifestyle with a proven rental history!
Details
Maps
Contract Information
Listing Board: Key West Association
As is Rght to Inspct: Yes
Current Price: $1,095,000
Listing Date: 2026-10-30
List Price: $1,095,000
Location, Tax & Legal
Unit #: # 10
City: MARATHON
Mile Marker: 53
Marathon Neighborhood: Vaca East (Vaca to Coco)
Side: Ocean
Alternate Key #: 9088661
Parcel #: 00100390001000
Zoning: MU - M - Mixed Use - Maritime
Deed Restrictions: Unknown
Legal: 5 66 33 Fat Deer Key Pt Govt Lot 3 (Aka Parcel 10 The Village At 12399 Overseas) Or2290-1331 Or2290-1420 Or2296-861 Or27
Taxes: 8721.09
Tax Year: 2025
Pub Sewer HkUp: Yes
Street #: 12399
Street Name: Overseas
Street Suffix: Highway
Key/Island: Marathon
State/Province: FL
Zip Code: 33050
County: Monroe
Subdivision: Coral Lagoon Resort (53.0)
Area: 18 - East of Holiday Inn US #1 & Coco Plum
General Property Description
Realtor.COM Type: Residential - Condo/Townhouse
Waterfront: Yes
Control Depth: 5
Lot Size: X
Lot SqFt: 1057
Unit/Complex: Unit
Pool: Yes
Acres: 0.02
SqFt Source: Tax Records
Rentals Allowed: Yes
Style: Townhouse
Year Built: 2007
Living Apx SqFt: 1360
Total Bedrooms: 3
Full Baths: 2
Half Baths: 1
Total Baths: 3
Remarks & Misc
Remarks – Consumer: An exceptional opportunity to own a proven income-producing waterfront property in the heart of the Florida Keys! Located in the desirable Coral Lagoon Resort in Marathon, this 3-bedroom, 2.5-bath end-unit townhome offers the perfect combination of investment potential and personal enjoyment. Nightly rentals are permitted, and the property features a well-established vacation rental business with a documented history of gross rental income. Financial records available upon request. Enjoy the advantage of purchasing an established income-producing property while reserving time for your own Florida Keys getaway!
Offering 1,360 square feet of living space, this two-story townhome features an open-concept living and dining area, kitchen with granite countertops, and covered outdoor living spaces overlooking the water. Upstairs, the spacious primary suite opens to a generous private balcony.
Boaters will appreciate the included 40-foot deeded boat slip #13 located directly outside the back door! Enjoy quick access to the Atlantic Ocean, Gulf, reefs, sandbars, and world-class fishing. Coral Lagoon features lush tropical landscaping, a heated resort-style pool, and convenient access to the adjacent Boat House Marina with fuel, boat ramp, and boating services.
Recent improvements include a new HVAC system and washer/dryer in spring 2026, professionally cleaned dryer vents in summer 2026, and replacement oven and dishwasher within the past three years. Metal roof!
Conveniently located near Marathon's restaurants, shopping, and attractions. Whether you're seeking an established vacation rental investment, personal waterfront retreat, or both, this property offers the Florida Keys lifestyle with a proven rental history!
Directions: USE GPS to 12399 Overseas Highway. Through roundabout, #10 on right. Dock #13 directly out back
Association Info
Mandatory Home Owners Asc: Yes
1st Right of Refusal: No
Association Fee $: 881.4
Fee Includes
Common Area Mnt: 1
Exterminating: 1
Sewer: 1
Water: 1
Dockage
Dock Length: 40
Dock: Concrete
Boat Ramp: 1
Boat Slip: 1
Seawall: Concrete
Tax Exemptions
None: 1
Appliances
Dishwasher: 1
Disposal: 1
Dryer: 1
Microwave: 1
Oven: 1
Range: 1
Refrigerator: 1
Stainless Steel Appliance(s): 1
Washer: 1
Pets
Pets Allowed: 1
Waterfront
Canal Front: 1
Waterview
Canal View: 1
Harbor/Marina View: 1
Building Style
Above Flood: Unknown
Townhouse: 1
Construction
Frame: 1
Land Size
Less Than 1/4 Acre: 1
Utilities
Cable Available: 1
FKAA: 1
Municipal Sewer: 1
Sewer Available: 1
Pool Info
In Ground: 1
Concrete: 1
Status Change Info
Status: Active
Property Features
Fee Includes: Common Area Mnt; Exterminating; Sewer; Water
Tax Exemptions: None
Waterfront: Canal Front
Waterview: Canal View; Harbor/Marina View
Dockage: Boat Ramp; Boat Slip
Building Style: Townhouse
Utilities: Cable Available; FKAA; Municipal Sewer; Sewer Available
Appliances: Dishwasher; Disposal; Dryer; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer
Pool Info: In Ground; Concrete
Construction: Frame
Pets: Pets Allowed
Land Size: Less Than 1/4 Acre
Listing Office: LoKation Real Estate
Last Updated: October - 30 - 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.