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12690 Overseas Highway 112, Marathon, FL 33050

$994,000
Property Type: Residential Bedrooms: 2 Baths: 3 Square Footage: 1,352 Status: Active
Current Price: $994,000 List Date: 12/17/2025 Last Modified: 4/01/2026

Overview

Description

Direct oceanfront unit with almost 2 years of dues effectively already covered by income on the books. Close in May and step into a turnkey, high-income-producing rental with over $30,000 already booked after May 2026 as of 3/24/26. Seller will continue booking up until closing, adding even more value. This well-maintained 2-bedroom, 2.5-bath condo offers direct Gulf views, covered parking, impact windows and doors, solid concrete construction, dockage, and weekly rental potential--making it an ideal Keys getaway or investment opportunity.

Listing Details MLS# 617727

Location, Tax & Legal

Street #
12690
Street Name
Overseas
Street Suffix
Highway
Key/Island
Marathon
State/Province
FL
Zip Code
33050
County
Monroe
Subdivision
Gulfpointe (53.5)
Area
17 - Vaca Cut - Both Sides Holiday Inn/Key Colony
Unit #
112
City
MARATHON
Mile Marker
53.5
Marathon Neighborhood
Vaca East (Vaca to Coco)
Side
Ocean
Flood Zone
VE-12
Alternate Key #
8749589
Parcel #
00100490-000106
Zoning
RH - Residential High
Deed Restrictions
Unknown
Legal
UNIT 112 GULFPOINTE II, A CONDOMINIUM OR1087-2354
Taxes
7502.82
Tax Year
2024
Pub Sewer HkUp
Yes

Contract Information

Listing Board
Marathon/Lower Keys
As is Rght to Inspct
Yes
Potential Short Sale
No
Bank Owned
No
Species List
No

General Property Description

Realtor.COM Type
Residential - Condo/Townhouse
Style
Condo
Waterfront
Yes
Unit/Complex
Unit
Pool
Yes
Year Built
1989
Living Apx SqFt
1352
SqFt Source
Property Data Card
Total Bedrooms
2
Full Baths
2
Half Baths
Yes
Total Baths
3
Rentals Allowed
Yes
Min Rental Days
7
Control Depth
0
Lot SqFt
0
Total Units
0

Association Info

Mandatory Home Owners Asc
Yes
1st Right of Refusal
Yes
Association Fee $
1395
Assoc/Mnt Fee Per
Monthly

Building Style

Above Flood
Yes
Stilt Column Height
Medium - 5Ft - 9Ft

More Information

Vehicle Storage

Car(s)
2
Covered Parking
Yes
Assigned Parking
Yes

Pool Info

Other
Chiller
Heated
Yes
In Ground
Yes
Concrete
Yes
Decked
Yes

Pets

Pets w/Restrictions
2 pets under 25lbs

Financial Status

Auction
No
Bank Owned
No
Potential Short Sale
No
Standard Sale
Yes

Remarks & Misc

Remarks – Consumer
Direct oceanfront unit with almost 2 years of dues effectively already covered by income on the books. Close in May and step into a turnkey, high-income-producing rental with over $30,000 already booked after May 2026 as of 3/24/26. Seller will continue booking up until closing, adding even more value. This well-maintained 2-bedroom, 2.5-bath condo offers direct Gulf views, covered parking, impact windows and doors, solid concrete construction, dockage, and weekly rental potential--making it an ideal Keys getaway or investment opportunity.
Directions
Off US 1 behind the Credit Union, all the way to the end is Gulfpointe 2

Fee Includes

Bldg Exterior Mnt
Yes
Building Insurance
Yes
Cable
Yes
Common Area Mnt
Yes
Exterminating
Yes

Dockage

First Come Dock
Yes

Tax Exemptions

None
Yes

Appliances

Dishwasher
Yes
Microwave
Yes
Oven
Yes
Range
Yes
Refrigerator
Yes
Stainless Steel Appliance(s)
Yes

Cooling

Ceiling Fans(s)
Yes
Central Air
Yes

Waterfront

Bay Front
Yes
Gulf Front
Yes
Open Water
Yes

Waterview

Bay/Gulf View
Yes
Open Water View
Yes

Floor

Carpet
Yes
Tile
Yes

Neighborhood Feature

Airstrip
Yes
Beach
Yes
Bike Paths
Yes
Community Boat Ramp
Yes
Community Pool
Yes

Interior Features

Pantry
Yes
Smoke Alarms
Yes
Storage
Yes
Window Treatments
Yes

Windows/Doors

Awning Windows
Yes
Impact Rstnce Window
Yes
Sliding Glass Doors
Yes

Construction

CBS
Yes

Land Size

2 Less Than 5 Acres
Yes

Furnished

Furnished
Yes

Utilities

Elect Separate Meter
Yes
FKAA
Yes
Municipal Sewer
Yes
Water Separate Meter
Yes

Porch/Balcony

Open Porch/Balcony
Yes

Roof

Metal Roof
Yes

Property Features

Fee Includes: Bldg Exterior Mnt; Building Insurance; Cable; Common Area Mnt; Exterminating Tax Exemptions: None Waterfront: Bay Front; Gulf Front; Open Water Waterview: Bay/Gulf View; Open Water View Dockage: First Come Dock Vehicle Storage: Assigned Parking; Covered Parking Furnished: Furnished Cooling: Ceiling Fans(s); Central Air Utilities: Elect Separate Meter; FKAA; Municipal Sewer; Water Separate Meter Interior Features: Pantry; Smoke Alarms; Storage; Window Treatments Appliances: Dishwasher; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s) Pool Info: In Ground; Concrete; Decked Construction: CBS Floor: Carpet; Tile Roof: Metal Roof Neighborhood Feature: Airstrip; Beach; Bike Paths; Community Boat Ramp; Community Pool Land Size: 2 Less Than 5 Acres
Listing Office: Coldwell Banker Schmitt Real Estate Co.
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.
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