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229 Pescayo Avenue, Marathon, FL 33050

$2,399,000
Property Type: Residential Bedrooms: 4 Baths: 5 Square Footage: 2,040 Lot Size (sq. ft.): 10,907 Status: Active
Current Price: $2,399,000 List Date: 5/13/2026 Last Modified: 9/06/2026

Overview

Description

Looking for the best of both worlds? Enjoy your vacation home and let it pay for its self when your not. Since January 2024, 229 Pescayo has hosted 113 stays across 860 guest nights and generated $512,831 in accommodation revenue. An incredible 88% occupancy rate 4.96 / 5.0 guest rating Fully furnished, income-generating from day one -- zero ramp-up period This isn't a fixer-upper with 'potential.' It's a proven, cash-flowing short-term rental with the reviews, occupancy, and forward bookings to prove it -- built in 2023 and already established as one of the area's busiest vacation rentals. Why It Performs: Every finish was chosen to drive nightly rate and occupancy, not just curb appeal. Boaters and premium-amenity guests are the target market, and the property is built to convert them into repeat bookings: 72' of deep-water dockage, water & electric at dock, outdoor lighting Less than 10 minutes to open water & Vaca Cut for Gulf access Heated pool with paver deckin ...

Listing Details MLS# 619881

Location, Tax & Legal

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

Contract Information

Listing Board
Marathon/Lower Keys

General Property Description

Realtor.COM Type
Residential - Single Family
Style
Single Family
Waterfront
Yes
Control Depth
6
Pool
Yes
Year Built
2023
Lot SqFt
10907
Lot Sqft Source
Property Data Card
Acres
0.38
Living Apx SqFt
2040
SqFt Source
Property Data Card
Total Bedrooms
4
Full Baths
4
Half Baths
Yes
Total Baths
5
Rentals Allowed
Yes
Min Rental Days
7

Association Info

Mandatory Home Owners Asc
No
1st Right of Refusal
No

License Info

# of City License
Yes

More Information

Dockage

Dock Length
72
Dock
Composite

Building Style

Above Flood
Yes
# Stories
1 Story

Pool Info

Heated
Yes

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: September - 06 - 2026
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