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.
