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12399 Overseas Highway 5, Marathon, FL 33050

$1,260,000
Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 1,360 Lot Size (sq. ft.): 1,055 Status: Active
Current Price: $1,260,000 List Date: 3/12/2026 Last Modified: 4/01/2026

Overview

Description

CORAL LAGOON - 40' Boat Slip + 3 bedroom townhouse that allow for rentals of 2 nights or more in the heart of Marathon! 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, maki ...

Listing Details MLS# 619032

Location, Tax & Legal

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
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

Contract Information

Listing Board
Marathon/Lower Keys
As is Rght to Inspct
Yes

General Property Description

Realtor.COM Type
Residential - Condo/Townhouse
Style
Townhouse
Waterfront
Yes
Control Depth
3
Unit/Complex
Unit
Pool
Yes
Year Built
2007
Total Units
Yes
Lot SqFt
1055
Acres
0.02
Living Apx SqFt
1360
SqFt Source
Property Data Card
Total Bedrooms
3
Full Baths
2
Half Baths
Yes
Total Baths
3
Rentals Allowed
With Restrictions
Min Rental Days
2

Association Info

Mandatory Home Owners Asc
Yes
Condo Doc's
Yes
1st Right of Refusal
No
Association Fee $
1094.98
Assoc/Mnt Fee Per
Monthly

Dockage

Dock Length
40
Boat Slip
Yes

More Information

Building Style

Above Flood
Unknown
Townhouse
Yes

Pool Info

Heated
Yes
In Ground
Yes

Remarks & Misc

Remarks – Consumer
CORAL LAGOON - 40' Boat Slip + 3 bedroom townhouse that allow for rentals of 2 nights or more in the heart of Marathon! 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.

Fee Includes

Common Area Mnt
Yes

Tax Exemptions

None
Yes

Appliances

Dishwasher
Yes
Dryer
Yes
Microwave
Yes
Range
Yes
Refrigerator
Yes
Washer
Yes

Cooling

Ceiling Fans(s)
Yes
Central Air
Yes

Heating

Central
Yes

Waterfront

Canal Front
Yes

Waterview

Canal View
Yes

Neighborhood Feature

Airstrip
Yes
Community Boat Ramp
Yes
Community Pool
Yes

Interior Features

Granite Counter Top
Yes
Smoke Alarms
Yes
Window Treatments
Yes

Specialty Rooms

Other
Yes

Vehicle Storage

Guest Parking
Yes
Open Parking
Yes

Construction

Frame
Yes

Land Size

Less Than 1/4 Acre
Yes

Furnished

Furnished
Yes

Terms

Conventional
Yes
FHA
Yes
VA
Yes

Utilities

Cable Available
Yes
FKAA
Yes
Municipal Sewer
Yes

Porch/Balcony

Deck
Yes
Open Porch/Balcony
Yes

Roof

Metal Roof
Yes

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: April - 01 - 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.