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$2,500,000
229 Pescayo Avenue
Marathon, FL 33050
MLS# 619881
4 beds  |  5 baths  |  2040 sqft


DEEP WATER DOCKAGE STRAIGHT TO OCEAN LESS THAN 10 MINUTES
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DEEP WATER DOCKAGE STRAIGHT TO OCEAN LESS THAN 10 MINUTES 2023 CBS CONSTRUCTION HIGH IMPACT WINDOWS DOORS METAL ROOF SPACIOUS, BUILT FOR ENTERTAINING TURF FOR YARD GAMES AND SUN BATHING BACKYARD BEAUTIFUL POOL HEATED FOR WINTER SWIMMING COVERED DINING AREA FOR GRILLING OUTDOOR FRIDGE, ICE MAKER AND BAIT FREEZER WALKWAY TO COMPOSITE DOCK LESS THAN 10 MINUTES TO OPEN OCEAN AND VACA CUT ENTRY WAY TO INTERIOR LIVING SPACES GORGEOUS TILE BACKSPLASH LARGE ISLAND QUARTZ COUNTER TOPS OPEN INVITING KITCHEN KITCHEN LIVING ROOM LIVING ROOM LIVING ROOM HALF BATH OFF LIVING ROOM AND KITCHEN SPACIOUS BEDROOMS BED 1 TWO MASTERS HAVE A PRIVATE ENTRANCE OFF BACK PATIO FULL TILE SHOWERS WITH GLASS SHOWER ENCLOSURES BATH 1 ANOTHER MASTER WITH PRIVATE ENTRANCE OFF BALCONY BED2 BATH2 BATH2 BED3 BED3 BATH3 BATH3 BED4 BATH4 WASHER & DRYER COVERED, GATED PARKING WITH EV CHARGER THE ISLAND OF COCO PLUM

Property Description
Built in 2023 and already one of the busiest vacation rentals, this turnkey waterfront property delivers immediate income with 2026 bookings already in place. Designed from the ground up for serious boaters and guests who demand premium amenities. Every detail has been selected to drive occupancy, command top nightly rates, and minimize owner headaches. Located in popular Coco Plum, less than 10 minutes from the open water & Vaca Cut for Gulf access. 73' of deep water dockage, heated pool, paver decking, water & electric at dock with outdoor lighting, covered entertaining area, 240V EV charger, 800 sq ft storage enclosure, aluminum gate for secure vehicle access & security cameras for piece of mind. Follow the stairs up the back to the large covered terrace where you can find shelter in the shade while still enjoying the fresh salt air. Head through the double doors into the open kitchen and living area where you will find 4 master suites all with private bathrooms, tile flooring throughout, beautiful quartz countertops, tile backsplash, built in wine cooler and additional half bath. Property is being sold furnished from dishes to linens to smart tvs. Nothing to do but bring your boat and start enjoying the Keys Salt Life. Seller owns the bay bottom!

Details
Maps
Documents
Contract Information
Listing Board: Marathon/Lower Keys
Current Price: $2,500,000
Listing Date: 2026-05-12
List Price: $2,500,000
Location, Tax & Legal
City: MARATHON
Mile Marker: 54
Marathon Neighborhood: Coco Plum
Side: Ocean
Alternate Key #: 9104808
Parcel #: 00363451000500
Zoning: RH - Residential High
Deed Restrictions: Unknown
Legal: Lot 5 Coco Plum Estates Pb7-95 Or3148-2388 Or3177-570
Taxes: 13262.44
Tax Year: 2025
Pub Sewer HkUp: Yes
Street #: 229
Street Name: Pescayo
Street Suffix: Avenue
Key/Island: Marathon
State/Province: FL
Zip Code: 33050
County: Monroe
Subdivision: Coco Plum Beach (54.5)
Area: 18 - East of Holiday Inn US #1 & Coco Plum
General Property Description
Realtor.COM Type: Residential - Single Family
Waterfront: Yes
Control Depth: 6
Lot Size: X
Lot SqFt: 10907
Pool: Yes
Lot Sqft Source: Property Data Card
Acres: 0.38
SqFt Source: Property Data Card
Rentals Allowed: Yes
Min Rental Days: 7
Style: Single Family
Year Built: 2023
Living Apx SqFt: 2040
Total Bedrooms: 4
Full Baths: 4
Half Baths: 1
Total Baths: 5
Remarks & Misc
Remarks – Consumer: Built in 2023 and already one of the busiest vacation rentals, this turnkey waterfront property delivers immediate income with 2026 bookings already in place. Designed from the ground up for serious boaters and guests who demand premium amenities. Every detail has been selected to drive occupancy, command top nightly rates, and minimize owner headaches. Located in popular Coco Plum, less than 10 minutes from the open water & Vaca Cut for Gulf access. 73' of deep water dockage, heated pool, paver decking, water & electric at dock with outdoor lighting, covered entertaining area, 240V EV charger, 800 sq ft storage enclosure, aluminum gate for secure vehicle access & security cameras for piece of mind. Follow the stairs up the back to the large covered terrace where you can find shelter in the shade while still enjoying the fresh salt air. Head through the double doors into the open kitchen and living area where you will find 4 master suites all with private bathrooms, tile flooring throughout, beautiful quartz countertops, tile backsplash, built in wine cooler and additional half bath. Property is being sold furnished from dishes to linens to smart tvs. Nothing to do but bring your boat and start enjoying the Keys Salt Life. Seller owns the bay bottom!
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Association Fee $: 0
License Info
# of City License: 1
Fee Includes
None: 1
Dockage
Dock Length: 73
Dock: Composite
Tax Exemptions
None: 1
Appliances
Dishwasher: 1
Disposal: 1
Dryer: 1
Microwave: 1
Oven: 1
Refrigerator: 1
Stainless Steel Appliance(s): 1
Washer: 1
Wine Cooler: 1
Pets
Pets Allowed: 1
Cooling
Ceiling Fans(s): 1
Central Air: 1
Heating
Central: 1
Waterfront
Canal Front: 1
Waterview
Canal View: 1
Floor
Tile: 1
Neighborhood Feature
Beach: 1
Bike Paths: 1
Interior Features
Quartz Countertops: 1
Smoke Alarms: 1
Split Bedroom: 1
Storage: 1
Window Treatments: 1
Property Condition
New Construction: 1
Building Style
Above Flood: Yes
Stories: 1 Story
Windows/Doors
Impact Rstnce Doors: 1
Impact Rstnce Window: 1
Vehicle Storage
Carport: 1
Covered Parking: 1
Guest Parking: 1
Open Parking: 1
Security
On Premises System: 1
Construction
CBS: 1
Land Size
Less Than 1/4 Acre: 1
Furnished
Furnished: 1
Utilities
Elect Separate Meter: 1
FKAA: 1
Water Separate Meter: 1
Porch/Balcony
Open Porch/Balcony: 1
Exterior Features
Lighting: 1
Storage: 1
Pool Info
In Ground: 1
Heated: Yes
Concrete: 1
Decked: 1
Roof
Metal Roof: 1
Status Change Info
Status: Active
Property Features
Fee Includes: None
Tax Exemptions: None
Waterfront: Canal Front
Waterview: Canal View
Property Condition: New Construction
Vehicle Storage: Carport; Covered Parking; Guest Parking; Open Parking
Furnished: Furnished
Cooling: Ceiling Fans(s); Central Air
Heating: Central
Utilities: Elect Separate Meter; FKAA; Water Separate Meter
Interior Features: Quartz Countertops; Smoke Alarms; Split Bedroom; Storage; Window Treatments
Appliances: Dishwasher; Disposal; Dryer; Microwave; Oven; Refrigerator; Stainless Steel Appliance(s); Washer; Wine Cooler
Exterior Features: Lighting; Storage
Pool Info: In Ground; Concrete; Decked
Construction: CBS
Floor: Tile
Roof: Metal Roof
Pets: Pets Allowed
Neighborhood Feature: Beach; Bike Paths
Security: On Premises System
Land Size: Less Than 1/4 Acre

Listing Office: Coldwell Banker Schmitt Real Estate Co.

Last Updated: May - 14 - 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.