Search for Property

6850 Overseas Highway 101, Marathon, FL 33050

$718,000
Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 1,224 Status: Active
Current Price: $718,000 List Date: 6/01/2025 Last Modified: 9/19/2025

Description

Seller will consider financing with large downpayment. 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

More Information MLS# 615279

Contract Information

Listing Board: Marathon/Lower Keys As is Rght to Inspct: Yes Current Price: $718,000 Listing Date: 2025-06-01 List Price: $718,000

Location, Tax & Legal

Unit #: 101 City: MARATHON Mile Marker: 50.5 Marathon Neighborhood: Mid-Town - Gulf (Sombrero to Airport) Side: Bay/Gulf Flood Zone: AE,AE,AE,VE,VE Alternate Key #: 8708769 Parcel #: 00103523-000100 Zoning: RM - Residential Medium Deed Restrictions: Yes Legal: UNIT 101 REEF AT MARATHON RESORT CLUB II A CONDOMINIUM OR1007-2485 OR1097-1606 OR1836-430D/C OR1837-361AFF OR1837-362 O Taxes: 3197.83 Tax Year: 2024 Pub Sewer HkUp: Yes Street #: 6850 Street Name: Overseas Street Suffix: Highway Key/Island: Marathon State/Province: FL Zip Code: 33050 County: Monroe Subdivision: Reef At Marathon (50.5) Area: 15 - Sombrero Bch Rd to Vaca Cut Gulfside

General Property Description

Realtor.COM Type: Residential - Condo/Townhouse Waterfront: Yes Control Depth: 3 Lot SqFt: 0 Unit/Complex: Complex Pool: Yes Total Units: 8 SqFt Source: Property Data Card Rentals Allowed: Yes Min Rental Days: 7 Style: Condo Year Built: 1984 Living Apx SqFt: 1224 Total Bedrooms: 3 Full Baths: 3 Total Baths: 3

Remarks & Misc

Remarks – Consumer: Seller will consider financing with large downpayment. 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

Association Info

Mandatory Home Owners Asc: Yes 1st Right of Refusal: No Association Fee $: 1375 Assoc/Mnt Fee Per: Monthly

License Info

Transient Rntl Licns: Yes

Fee Includes

Bldg Exterior Mnt: 1 Building Insurance: 1 Cable: 1 Common Area Mnt: 1 Exterminating: 1 Sewer: 1 Water: 1

Dockage

Dock: Wood Basin: 1 Boat Ramp: 1 Dock Privileges: 1 First Come Dock: 1

Tax Exemptions

Homestead: 1

Appliances

Dishwasher: 1 Microwave: 1 Oven: 1 Refrigerator: 1 Stainless Steel Appliance(s): 1

Pets

Pets Allowed: 1

Cooling

Ceiling Fans(s): 1 Ductless: 1

Heating

Ductless: 1

Waterfront

Bay Front: 1

Waterview

No Waterview: 1

Floor

Concrete: 1

Neighborhood Feature

Community Boat Ramp: 1 Community Dockage: 1 Community Pool: 1 Manager on Premises: 1 Tennis Courts: 1

Interior Features

Granite Counter Top: 1 Tray Ceilings: 1

Property Condition

Updated/Remodeled: 1

Building Style

Above Flood: Unknown

Windows/Doors

Impact Rstnce Doors: 1 Impact Rstnce Window: 1 Sliding Glass Doors: 1

Vehicle Storage

Guest Parking: 1 Open Parking: 1 Off Street Parking: 1 Trailer Storage: 1

Construction

CBS: 1 Concrete: 1

Land Size

Less Than 1/4 Acre: 1

Furnished

Negotiable: 1

Terms

Cash: 1 Conventional: 1 Seller Finance Psble: 1

Utilities

Buyer to Verify: 1 Cable Available: 1 Elect Separate Meter: 1 FKAA: 1

Porch/Balcony

Screened Patio: 1

Title

Title Ins - Buyer: 1

Exterior Features

Chickee Hut: 1 Tennis Court(s): 1

Pool Info

In Ground: 1 Concrete: 1 Decked: 1

Pre-Wired

Cable: 1

Roof

Metal Roof: 1

Status Change Info

Status: Active

Property Features

Fee Includes: Bldg Exterior Mnt; Building Insurance; Cable; Common Area Mnt; Exterminating; Sewer; Water Tax Exemptions: Homestead Waterfront: Bay Front Waterview: No Waterview Dockage: Basin; Boat Ramp; Dock Privileges; First Come Dock Property Condition: Updated/Remodeled Vehicle Storage: Guest Parking; Off Street Parking; Open Parking; Trailer Storage Furnished: Negotiable Cooling: Ceiling Fans(s); Ductless Heating: Ductless Utilities: Buyer to Verify; Cable Available; Elect Separate Meter; FKAA Interior Features: Granite Counter Top; Tray Ceilings Pre-Wired: Cable Appliances: Dishwasher; Microwave; Oven; Refrigerator; Stainless Steel Appliance(s) Exterior Features: Chickee Hut; Tennis Court(s) Pool Info: In Ground; Concrete; Decked Construction: CBS; Concrete Floor: Concrete Roof: Metal Roof Pets: Pets Allowed Neighborhood Feature: Community Boat Ramp; Community Dockage; Community Pool; Manager on Premises; Tennis Courts Land Size: Less Than 1/4 Acre Terms: Cash; Conventional; Seller Finance Psble Title: Title Ins - Buyer
Listing Office: Lokation Real Estate
Last Updated: September - 19 - 2025
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.