Discover a rare investment opportunity in the heart of the Florida Keys with this beautifully upgraded 3-bedroom, 3-bath unit at The Reef in Marathon. Set against the tranquil backdrop of the bay with direct access to the Gulf of Mexico, this versatile property is ideal for investors and island dreamers alike.Designed with flexibility in mind, this unique unit allows for a variety of rental configurations--including vacation rentals, long-term leases, or even keeping a portion for personal use while generating income from the rest. With 7-day rentals permitted, the possibilities are endless.Inside, you'll find thoughtful, high-end finishes throughout, including rich wood cabinetry, granite countertops, stained concrete floors with tile base, and completely renovated bathrooms featuring large walk-in showers. Every detail has been updated to offer comfort, durability, and coastal style.The Reef is a sought-after waterfront community offering resort-style amenities, including a large saltwater pool, tennis courts, and a spacious marina with boat slips available by reservation. Guests and owners enjoy access to bicycles, paddle boats, and paddleboards, as well as convenient parking for boat trailers during their stay.This is more than a vacation home--it's a lifestyle and an income-producing asset, all in one of the most desirable locations in the Florida Keys. Don't miss your chance to own a piece of paradise.Co listed with Zillow
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 3.00
- Full Bathrooms: 3
Interior Features
- Granite Counter Top
- Tray Ceilings
- Furnished Description: Negotiable
- Flooring: Concrete
- Window Features: Sliding Glass Doors, Impact Rstnce Window, Impact Rstnce Doors
Appliances
- Dishwasher
- Stainless Steel Appliance(s)
- Microwave
- Oven
- Refrigerator
Heating and Cooling
- Cooling Features: Ceiling Fans(s), Ductless
- Heating Features: Ductless
Exterior and Lot Features
- Chickee Hut
- Tennis Court(s)
- Porch Description: Screened Patio
Pool and Spa
- Pool Features: In Ground, Decked, Concrete
Waterfront and Water Access
- Bay Front
- Boat Features: Dock Privileges, Basin, Boat Ramp, First Come Dock
Garage and Parking
- Garage Description: Open Parking, Trailer Storage, Off Street Parking, Guest Parking
Homeowners Association
- Association: Yes
- Association Amenities: Cable, Common Area Mnt, Building Insurance, Bldg Exterior Mnt, Water, Exterminating, Sewer
- Association Fee: 1375
- Calculated Total Monthly Association Fees: 1375
- Pet Description: Pets Allowed
Multi-Unit Info
Rental Info
- Lease Term: Min Rental Days: 7.00
Amenities and Community Features
- Community Features: Community Pool, Manager on Premises, Tennis Courts, Community Boat Ramp, Community Dockage
Other Property Info
- Annual Tax Amount: 3197.83
- Source Listing Status: Active
- County: Monroe
- Tax Year: 2024
- Source Property Type: Residential - Condo/Townhouse
- Area: 15 - Sombrero Bch Rd to Vaca Cut Gulfside
- Property Subtype: condo
- Source Neighborhood: Reef At Marathon (50.5)
- Parcel Number: 00103523-000100
- Subdivision: Reef At Marathon (50.5)
- Zoning: RM - Residential Medium
- Property Subtype: Condo
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 1224
- Year Built: 1984
- Construction Materials: CBS, Concrete
- Living Area Source: Property Data Card
- Property Age: 41
- Property Condition: Updated/Remodeled
- Roof: Metal Roof
Utilities
- FKAA
- Cable Available
- Elect Separate Meter
- Buyer to Verify