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$1,260,000
Marathon, FL 33050
MLS# 619032
3 beds | 3 baths | 1360 sqft
1 / 41
Property Description
CORAL LAGOON - 40' BOAT SLIP & 3 bedroom TOWNHOUSE allows for rentals of 2 nights or more in the heart of Marathon! New option - there is a dry boat rack available for an additional $150,000. Imagine waking up in the Florida Keys with your boat just steps away and the open water calling. At Coral Lagoon Resort in Marathon, this 3-bedroom, 2-bath townhouse offers the perfect combination of island lifestyle and smart investment potential. The property includes a 40' BOAT SLIP at the marina, giving you quick access to both the Atlantic Ocean and Gulf waters for fishing, diving, and cruising some of the most beautiful waters in the world. Whether it's an early morning run to the reef or sunset at the sandbar, boating is simply part of daily life here. Coral Lagoon is known for its quaint Key West-style architecture, tropical landscaping, and resort-style pool, all within a professionally maintained, low-maintenance community that allows you to enjoy the Keys without the stress of constant upkeep. Even better, short-term rentals are permitted, making this an attractive opportunity for buyers looking to generate income while still enjoying their own private getaway in paradise. Located in the heart of Marathon, you're minutes from waterfront dining, fishing charters, beaches, and everything that makes the Florida Keys lifestyle so special. Whether you're looking for a vacation home, boating retreat, or income-producing property, Coral Lagoon offers a rare opportunity to own a piece of the Keys with both lifestyle and investment appeal. Make time to schedule your appointment for this winning combo as these are limited.
Details
Maps
Contract Information
Listing Board: Marathon/Lower Keys
As is Rght to Inspct: Yes
Current Price: $1,260,000
Listing Date: 2026-03-12
List Price: $1,260,000
Location, Tax & Legal
Unit #: 5
City: MARATHON
Mile Marker: 53
Marathon Neighborhood: Vaca East (Vaca to Coco)
Side: Ocean
Flood Zone: AE-8
Alternate Key #: 9088696
Add'l Parcel #1: 00100360-001380
Parcel #: 00100390-000500
Zoning: R-MH - Residential - MH
Deed Restrictions: Yes
Legal: 5 66 33 FAT DEER KEY PT GOVT LOT 3 (AKA PARCEL 5 THE VILLAGE AT 12399 OVERSEAS) /UNIT 38 BOAT HOUSE MARINA CONDOMINIUM
Taxes: 9366.84
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: 3
Lot Size: X
Lot SqFt: 1055
Unit/Complex: Unit
Pool: Yes
Total Units: 1
Acres: 0.02
SqFt Source: Property Data Card
Rentals Allowed: With Restrictions
Min Rental Days: 2
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: CORAL LAGOON - 40' BOAT SLIP & 3 bedroom TOWNHOUSE allows for rentals of 2 nights or more in the heart of Marathon! New option - there is a dry boat rack available for an additional $150,000.
Imagine waking up in the Florida Keys with your boat just steps away and the open water calling. At Coral Lagoon Resort in Marathon, this 3-bedroom, 2-bath townhouse offers the perfect combination of island lifestyle and smart investment potential.
The property includes a 40' BOAT SLIP at the marina, giving you quick access to both the Atlantic Ocean and Gulf waters for fishing, diving, and cruising some of the most beautiful waters in the world. Whether it's an early morning run to the reef or sunset at the sandbar, boating is simply part of daily life here.
Coral Lagoon is known for its quaint Key West-style architecture, tropical landscaping, and resort-style pool, all within a professionally maintained, low-maintenance community that allows you to enjoy the Keys without the stress of constant upkeep.
Even better, short-term rentals are permitted, making this an attractive opportunity for buyers looking to generate income while still enjoying their own private getaway in paradise.
Located in the heart of Marathon, you're minutes from waterfront dining, fishing charters, beaches, and everything that makes the Florida Keys lifestyle so special.
Whether you're looking for a vacation home, boating retreat, or income-producing property, Coral Lagoon offers a rare opportunity to own a piece of the Keys with both lifestyle and investment appeal.
Make time to schedule your appointment for this winning combo as these are limited.
Directions: Coral Lagoon - located oceanside at Mile Marker 53.
Turn at the Coral Lagoon sign on US1.
Park in parking lot near marina. Unit 5 is on the rear canal to the right.
Association Info
Mandatory Home Owners Asc: Yes
1st Right of Refusal: No
Condo Doc's: Yes
Association Fee $: 1094.98
Assoc/Mnt Fee Per: Monthly
Fee Includes
Common Area Mnt: 1
Dockage
Dock Length: 40
Boat Slip: 1
Tax Exemptions
None: 1
Appliances
Dishwasher: 1
Dryer: 1
Microwave: 1
Range: 1
Refrigerator: 1
Washer: 1
Cooling
Ceiling Fans(s): 1
Central Air: 1
Heating
Central: 1
Waterfront
Canal Front: 1
Waterview
Canal View: 1
Neighborhood Feature
Airstrip: 1
Community Boat Ramp: 1
Community Pool: 1
Interior Features
Granite Counter Top: 1
Smoke Alarms: 1
Window Treatments: 1
Specialty Rooms
Other: 1
Building Style
Above Flood: Unknown
Townhouse: 1
Vehicle Storage
Guest Parking: 1
Open Parking: 1
Construction
Frame: 1
Land Size
Less Than 1/4 Acre: 1
Furnished
Furnished: 1
Terms
Conventional: 1
FHA: 1
VA: 1
Utilities
Cable Available: 1
FKAA: 1
Municipal Sewer: 1
Porch/Balcony
Deck: 1
Open Porch/Balcony: 1
Pool Info
In Ground: 1
Heated: Yes
Roof
Metal Roof: 1
Status Change Info
Status: Active
Property Features
Fee Includes: Common Area Mnt
Tax Exemptions: None
Waterfront: Canal Front
Waterview: Canal View
Dockage: Boat Slip
Building Style: Townhouse
Vehicle Storage: Guest Parking; Open Parking
Furnished: Furnished
Cooling: Ceiling Fans(s); Central Air
Heating: Central
Utilities: Cable Available; FKAA; Municipal Sewer
Interior Features: Granite Counter Top; Smoke Alarms; Window Treatments
Specialty Rooms: Other
Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer
Pool Info: In Ground
Construction: Frame
Roof: Metal Roof
Neighborhood Feature: Airstrip; Community Boat Ramp; Community Pool
Land Size: Less Than 1/4 Acre
Terms: Conventional; FHA; VA
Listing Office: Keller Williams Key West Compass Realty
Last Updated: June - 03 - 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.