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What’s the Average Price for Waterfront Homes in Marathon, FL?

What’s the Average Price for Waterfront Homes in Marathon, FL?

Discovering Paradise: Waterfront Homes in Marathon, FL

Thinking about purchasing a waterfront home in Marathon, Florida? Wondering what waterfront homes in Marathon, FL list and sell for?

Well, you’re in the right place! We’ve got you covered. In this guide, we’ll delve into recent waterfront home prices in Marathon. Plus, we’ll touch on additional expenses such as insurance and taxes.

So, buckle up and let’s dive into your potential waterfront living adventure!

Search Waterfront Properties Marathon

For Sale

Marathon, FL

The Allure of  Waterfront Homes in Marathon, FL

Marathon, FL, is known for its excellent water access. The island has two main pathways to the ocean and the Gulf: the Vaca Cut and the Seven Mile Bridge. There are also many lovely waterfront canals with plenty of waterfront homes to choose from.

This charm has attracted homebuyers looking for a piece of waterfront paradise, leading to a growing demand for these properties over the years. Moreover, since Marathon, FL, allows weekly rentals, it has become a popular spot for real estate investments in the Florida Keys

Factors Influencing Waterfront Home Prices

The price of waterfront homes in Marathon, FL, can vary significantly due to several key factors. Firstly, the location is a major factor, with oceanfront and bayfront properties generally costing more due to their stunning views and immediate water access. Secondly, the size of the waterfront lot plays a significant role, with larger lots often coming with a higher price.

Additionally, homes with extra amenities like boat docks, pools, and outdoor spaces tend to be pricier.  The property type also effects the price of a home. Lastly, the property’s condition and any recent upgrades can also impact its value. It’s important to note that the cost of a waterfront property can have a considerable range depending on these factors.

Coral Club

Average Price Range for Waterfront Homes in Marathon

Single Family Homes

If you are looking to get into a single family waterfront home, the cost of admission is going to be around $1,000,000 and up. 

The current average cost of a waterfront single-family home in Marathon, FL, stands at approximately $3,074,764.

On the lower end of the spectrum, there are smaller, older ground-level homes. As you move up in price, you’ll encounter stilted homes, and at the top end, you’ll discover larger, newly constructed homes.

Half Duplexes

If you’re thinking of going for a half duplex on the water in Marathon, FL, and want to keep some extra cash in your pocket, you’ll need at least $700,000 to dip your toes into the waters of waterfront living. That should snag you a cozy, smaller half duplex. But, if you’re ready to make a splash and go bigger, be prepared to ride the wave up to a cool $1.6 million for a spacious waterfront half duplex.

Full Duplexes

Full waterfront duplexes in Marathon, FL, are a rare find. If you come across one, you might encounter a ground-level fixer-upper starting at around $950,000. On the other hand, if you’re looking for a fully remodeled duplex in a fantastic location with stunning views, you could be looking at an investment of approximately $1.8 million.

Coco Plum Beach

Condos / Townhomes

Condos and townhomes make for a great option when seeking a waterfront home in Marathon, FL. They often offer a more budget-friendly entry into waterfront living. For a cozy one-bedroom, one-bathroom condo, you can expect to invest around $380,000.

If you’re looking for a bit more space with a two-bedroom, two-bathroom unit, prices typically start at around $600,000 and go up from there.

Marathon, FL

For those in search of a spacious three-bedroom, three-bathroom condo, the range is approximately $875,000 and beyond.

As of now, the range for condos/ townhomes available in Marathon varies from $380,000 to $1,699,000!  So you do have options!

Mobile Homes

Mobile homes offer an affordable option for waterfront living in Marathon, FL. However, with ongoing development and building restrictions, their availability is decreasing as they make way for new homes.

For now, you can typically find a waterfront mobile home starting at around $300,000. If you desire a mobile home on a larger lot with extended water frontage, you might find yourself investing around $900,000.

Taxes and Insurance

When it comes to homeownership, one unavoidable expense is property taxes, and let’s face it, no one enjoys paying taxes. However, here’s a silver lining – in Monroe County, you’ll find some of the lowest property taxes in all of Florida, hovering just below 1 percent of your property’s value. As a handy rule of thumb, you can estimate your property taxes by using 1 percent of the purchase price.

Now, onto insurance, another important consideration when buying a home in Marathon, FL. If you’re financing your home with a mortgage, you’ll need to secure Flood, Wind, and Homeowners insurance. The cost of these policies can vary based on the specific property you purchase. To get the most accurate insurance quotes, your best bet is to have a chat with a local insurance agent who can tailor coverage to your needs and property.

Conclusion

In conclusion, Marathon, FL, offers diverse waterfront properties to fit various budgets. Pricing varies based on location, size, amenities, and condition. Don’t forget to consider insurance and property taxes, with Monroe County having low tax rates.

For those dreaming of waterfront homes for sale in Marathon, FL, partnering with local experts is key. With its stunning water access, Marathon is your gateway to waterfront living. Dive into condo life, explore single-family homes, or embrace mobile home charm—the choice is yours in Marathon’s waterfront paradise.

Get Access to Customized Searches for waterfront homes for sale in Marathon, FL.

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Gain access to personalized property searches, fine-tuned to match your unique preferences and requirements.

Let us help you find the perfect waterfront home that suits your dream lifestyle.

Reach out today to kickstart your journey toward owning a personalized waterfront paradise.

Search Waterfront Properties Marathon

For Sale

Did you find your dream home for sale in Marathon, FL?  – Then be sure to head on over to our Buying Page, where we answer some of the most common questions buyers have! 

Ready to sell your waterfront home in Marathon, FL? Contact us today for expert guidance and pricing information.

Amy Prumo & Thomas Carden

Prumo & Carden

Amy’s success as a Florida Keys Elite Agent and Diamond Award Winner is truly awe-inspiring. With over 13 years of experience in the real estate industry, she has cemented her position as a trailblazer and pioneer. Her unwavering commitment to excellence is reflected in her impressive academic credentials, which include a Master’s Degree in Marketing and Management. Amy’s marketing programs are simply unmatched, ensuring that your property is showcased to the widest audience of potential buyers, thus guaranteeing maximum exposure.

 

Tom is an accomplished expert in the Building, Planning, Zoning and Development field, with an extensive career spanning over several years. He has worked in the Civil Engineering Department for the USAF and was the Building Official/Director of Building Planning and Zoning for a municipality for over a decade. Additionally, he is the owner of Alliance Custom Builders, a testament to his entrepreneurial spirit. Tom’s impressive track record includes building homes in both Marathon and Key Colony Beach. He holds twenty licenses through the International Code council, including Commercial & Residential Plan Reviewer and Certified Building Official, cementing his position as a true leader in his field.

Sign up for our Newletter or Download our free List of Service Providers 

Includes Local home Inspectors and Insurance Compaines 

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So what does ROGO Exempt mean?  Rogo is an acronym that stands for Rate Of Growth Ordinance. Rogo is a point system that the state of Florida uses to regulate how much NEW construction is allowed in the Florida Keys.  Read more here, on Rogo.  A vacant parcel that is...

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Understanding Downstairs Enclosures in the Florida Keys

Understanding Downstairs Enclosures in the Florida Keys

Downstairs Enclosures: What You Need to Know

Background

Living in the Florida Keys comes with unique challenges, especially when it comes to understanding the rules regarding downstairs spaces in homes.

Rules for Downstairs Enclosures

Here in the Florida Keys, the entire area is at risk of flooding, so there are important rules to follow. If your house was built after 1974, one key rule is that the lowest floor of your home must be above the flood level. This is crucial to prevent flood damage to your property.  Homes that were built before 1974 and have living areas below flood are grandfathered in.

What You Can Do In Your Downstairs Enclosure?

If you have a downstairs area in your home, it’s essential to know that it can only be used for limited purposes. Specifically, these spaces are reserved for parking your vehicles or storing items like lawnmowers, tools, and equipment that you would typically keep outdoors.

Downstairs Enclosure

Understanding Flood Levels

To make informed decisions about your property, you need to grasp the concept of flood levels. The flood level is the lowest point in your home where you can have living space. To find out the specific flood levels for your area, you can easily check online flood maps.

Difference Between Spaces

To avoid any confusion, it’s vital to differentiate between your regular living spaces and other areas in your home. Living spaces are where you cook, eat, sleep, and spend your daily life. Other floors, like your downstairs area, are designated for parking vehicles or storage, such as tools and equipment.

Using Enclosure Spaces Wisely

When it comes to using the storage spaces below your home, keep in mind that they should exclusively serve for parking cars or storing items like lawnmowers and tools. It’s essential not to place furniture or belongings that can’t withstand exposure to water in these areas. The purpose of these spaces is to provide a safe and dry spot for items typically stored outside.

Downstairs Enclosure

Seeking Guidance

If you ever find yourself uncertain about these rules or need further clarification, don’t hesitate to reach out and contact us. 

You can also contact the folks at the Monroe County Growth Management Division, Office of Floodplain Management. You can give them a call at 305.453-8759. They are there to assist you in understanding and complying with the regulations governing downstairs enclosures in the Florida Keys.

Good

Downstairs Enclosure

Bad

Downstairs Enclosure

Downstairs Enclosure

New Regulations Came out about downstairs enclosures

so be sure to read our other post

Buying a home in the Florida Keys – Downstairs Enclosures 

– Florida Keys Building – Downstairs Enclosures

You might also want to check out :

– Breaking Down Flood Maps in the Florida Keys  

If your thinking about buying a home in the FloridaKeys, be sure to check out our main Buying Page for some really great information!

You can also Contact Us with any of your buying questions.  We would love to hear from you.

Amy Prumo & Thomas Carden

Prumo & Carden

Amy’s success as a Florida Keys Elite Agent and Diamond Award Winner is truly awe-inspiring. With over 13 years of experience in the real estate industry, she has cemented her position as a trailblazer and pioneer. Her unwavering commitment to excellence is reflected in her impressive academic credentials, which include a Master’s Degree in Marketing and Management. Amy’s marketing programs are simply unmatched, ensuring that your property is showcased to the widest audience of potential buyers, thus guaranteeing maximum exposure.

 

Tom is an accomplished expert in the Building, Planning, Zoning and Development field, with an extensive career spanning over several years. He has worked in the Civil Engineering Department for the USAF and was the Building Official/Director of Building Planning and Zoning for a municipality for over a decade. Additionally, he is the owner of Alliance Custom Builders, a testament to his entrepreneurial spirit. Tom’s impressive track record includes building homes in both Marathon and Key Colony Beach. He holds twenty licenses through the International Code council, including Commercial & Residential Plan Reviewer and Certified Building Official, cementing his position as a true leader in his field.

Sign up for our Newletter or Download our free List of Service Providers 

Includes Local home Inspectors and Insurance compaines 

Newsletter Signup Form
Service Provider Download

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Florida Keys Flood Plan

Florida Keys Flood Plan Management Florida Keys Flood Plan is under review. Recently we shared with you the new ordinance that was adopted that effected downstairs enclosures here in the Florida Keys.  The new ordinance caused a lot of commotion in the community and...

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Buying a home in the Florida Keys – Downstairs Enclosures

Buying a home in the Florida Keys with a Downstairs Enclosure?  If you answered yes, then you are going to want to know about this crucial information if the home you are buying has a downstairs enclosure. Ordinance No. 026-2022. - Enclosures Monroe County passed...

Florida Keys Investment Property

Florida Keys Investment Property

Florida Keys Investment Property

Explore a world of possibilities in the vibrant Florida Keys real estate market, brimming with investment properties waiting to be discovered. Whether you are on the lookout for lucrative short-term rentals, multi-family homes for sale, or your dream vacation home, rest assured, we have you covered!

In this tropical paradise, your options are as diverse as the colorful coral reefs that surround us. You can choose from an extensive range of properties, including single-family houses, condominiums, townhomes, duplexes, and triplexes.

The appeal of high rental income isn’t limited to a particular season; it’s a year-round affair, thanks to our perpetually sunny climate and continuous stream of visitors.

If you’re considering investing in a vacation rental or a multi-family home, especially those allowing legal 7-day or shorter rentals, you’re unlocking a golden opportunity to reside in the captivating tropical haven that is the Florida Keys.

The Florida Keys

Focus on the Middle Keys

When it comes to maximizing rental income with Florida Keys investment property, the Middle Keys take the spotlight. Specifically, Marathon and Key Colony Beach offer a unique advantage, thanks to their accommodating municipal policies that permit weekly rentals.

While many other keys typically require a minimum stay of 28 days, there are hidden gems scattered throughout that do allow for weekly rentals.

Waterfront Single Family Homes 

If you’re aiming for a Florida Keys investment property that truly stands out, envision a waterfront single-family home with a pool. This combination performs exceptionally well in attracting guests and generating income. However, if a pool isn’t part of the equation, fret not, as long as your property boasts waterfront access, you’re on the right path to maximizing your rental revenue.

In the Florida Keys, waterfront is the key to a successful investment.

Key Colony Beach

Key Colony Beach

Key Colony Beach epitomizes the essence of a miniature resort and presents a prime real estate investment opportunity. This picturesque city appeals not only to vacationers but also to winter residents seeking warmth and savvy investors looking to diversify their real estate portfolio. Whether you’re contemplating a vacation home, exploring rental income potential, or crafting a long-term investment strategy, Key Colony Beach provides a versatile backdrop for your real estate goals.

For an in-depth exploration of everything Key Colony Beach has to offer don’t forget to visit our dedicated main page.

SEARCH KEY COLONY BEACH HOMES HERE

Please note a new window will open

Marathon, Florida Keys

Marathon isn’t just for vacationers; it’s a real estate haven. You’ll find family houses, vacation rentals, and sale properties. Perfect for investors seeking Florida Keys opportunities. Whether you’re drawn to the allure of rental income potential, long-term capital appreciation, or the dream of owning a piece of the Florida Keys, Marathon offers a diverse landscape to explore and invest in.

SEARCH MARATHON HOMES HERE

Please note a new window will open

Middle Keys Condos / Townhomes

In the Middle Keys, condominiums and townhouses offer a range of rental options, but it’s essential to note that not all of them permit weekly rentals. In fact, the majority do not.

However, for those seeking weekly or shorter rental opportunities, here’s a list of properties that allow such arrangements:

Additionally, there are resort properties like Hawk’s Cay and Tranquility Bay for those looking for a different vacation experience.

If you’re planning for a slightly longer stay, consider properties with a two-week minimum rental requirement, such as Casa Clara and The Cay, both located on Key Colony Beach. These options provide flexibility to accommodate various preferences for your Middle Keys getaway.

For a more comprehensive look at Marathon, make sure to explore our main page.

Faro Blanco

Conclusion

In conclusion, the Middle Keys offer a diverse array of rental options, from condos and townhouses to resort properties, catering to different vacation preferences and real estate investment opportunities. Whether you’re seeking a short-term getaway, a potential source of rental income, or a long-term investment with the potential for capital growth, the Middle Keys have something to offer.

Explore the unique charm of this tropical paradise, where the tranquil beauty of the Florida Keys meets the potential for a lucrative real estate portfolio.

It’s time to embark on your Middle Keys adventure, combining the allure of vacation living with smart property investment choices, and create lasting memories in this enchanting coastal haven.

Learn More About Building in the Keys Here

Amy Prumo & Thomas Carden

Prumo & Carden

Amy’s success as a Florida Keys Elite Agent and Diamond Award Winner is truly awe-inspiring. With over 13 years of experience in the real estate industry, she has cemented her position as a trailblazer and pioneer. Her unwavering commitment to excellence is reflected in her impressive academic credentials, which include a Master’s Degree in Marketing and Management. Amy’s marketing programs are simply unmatched, ensuring that your property is showcased to the widest audience of potential buyers, thus guaranteeing maximum exposure.

 

Tom is an accomplished expert in the Building, Planning, Zoning and Development field, with an extensive career spanning over several years. He has worked in the Civil Engineering Department for the USAF and was the Building Official/Director of Building Planning and Zoning for a municipality for over a decade. Additionally, he is the owner of Alliance Custom Builders, a testament to his entrepreneurial spirit. Tom’s impressive track record includes building homes in both Marathon and Key Colony Beach. He holds twenty licenses through the International Code council, including Commercial & Residential Plan Reviewer and Certified Building Official, cementing his position as a true leader in his field.

Sign up for our Newletter or Download our free List of Service Providers 

Includes Local home Inspectors and Insurance compaines 

Newsletter Signup Form
Service Provider Download

 Changes to Wind Insurance

Florida Keys Insurance Florida Keys Insurance is always changing.  It is important to stay to to date on all the insurance changes so you understand what you need before you buy a home here. Recently a new sentate bill was passed which effects wind insurance in the...

Need to Know ABC’s Of The Florida Keys -Acronyms

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What you need to know about Flood Insurance in the Florida Keys

When you are purchasing a home in the Florida Keys, one of the lender requirements is to obtain Flood Insurance.  The big question is how much does Flood Insurance Cost?  Well, there is no straight forward answer to this question as each house is unique.  I will go...

Breaking Down Flood Maps in the Florida Keys

Flood Maps in the Florida Keys, can be a bit confusing.  So I am going to break it down for you to make it as simple as possible. So lets get one thing straight, basically everywhere in the Florida Keys is in a Flood Zone. I know some of you are going to come at me...

Top 10 Tips for Building in the Florida Keys

10 Tips for Building in the Florida Keys The time has come, you have secured your parcel in the Florida Keys; you have your building allocation; you paid for your permit and impact fees. Finally, you are ready to move on to the next adventure of building a home in the...

Must Know – Market Rate Building Rights Vs. Affordable

Understanding Market Rate Building Rights Vs. Affordable Building Rights I know building in the Florida Keys is complicated!  Often you will see real estate listings that say, “Market Rate Building Right or Affordable Building Right.”  So what are they and what’s the...

Facts you need to know about Rogo Exempt Lots

So what does ROGO Exempt mean?  Rogo is an acronym that stands for Rate Of Growth Ordinance. Rogo is a point system that the state of Florida uses to regulate how much NEW construction is allowed in the Florida Keys.  Read more here, on Rogo.  A vacant parcel that is...

The Truth about Rogo Points.

Ok, so here is the truth about Rogo points. Any person who is looking to build a new home in the Florida Keys must obtain a building allocation. You can get an allocation by purchasing one on the open market ( transferable building right) or going through Rogo. Rogo...

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Marathon Florida Pet-Friendly Condos

Marathon Florida Pet-Friendly Condos

Marathon Florida Pet-Friendly Condos: Bringing Your Fur Baby to Paradise!

Explore Marathon’s top pet-friendly condos for pets of all sizes.

So, you’re eager to buy a condo in the Florida Keys, but you also want to bring your beloved fur baby with you. After all, your pet is family. Fortunately, Marathon boasts numerous condo buildings, and we’ve compiled the ultimate list of pet-friendly condos suitable for pets of all sizes!

Please be aware that some condos may require board approval for pets, and there may also be restrictions on the number of pets allowed. For more details, please follow the condo links (please note that condo links are currently in progress).

Marathon Florida Pet-Friendly Condos
Marathon Florida Pet-Friendly Condos
Marathon Florida Pet-Friendly Condos
Amy Prumo & Thomas Carden

Prumo & Carden

Amy’s success as a Florida Keys Elite Agent and Diamond Award Winner is truly awe-inspiring. With over 13 years of experience in the real estate industry, she has cemented her position as a trailblazer and pioneer. Her unwavering commitment to excellence is reflected in her impressive academic credentials, which include a Master’s Degree in Marketing and Management. Amy’s marketing programs are simply unmatched, ensuring that your property is showcased to the widest audience of potential buyers, thus guaranteeing maximum exposure.

 

Tom is an accomplished expert in the Building, Planning, Zoning and Development field, with an extensive career spanning over several years. He has worked in the Civil Engineering Department for the USAF and was the Building Official/Director of Building Planning and Zoning for a municipality for over a decade. Additionally, he is the owner of Alliance Custom Builders, a testament to his entrepreneurial spirit. Tom’s impressive track record includes building homes in both Marathon and Key Colony Beach. He holds twenty licenses through the International Code council, including Commercial & Residential Plan Reviewer and Certified Building Official, cementing his position as a true leader in his field.

Sign up for our Newletter or Download our free List of Service Providers 

Includes Local home Inspectors and Insurance compaines 

Newsletter Signup Form
Service Provider Download

5 Expert Tips to getting your offer accepted in the Florida Keys

5 Expert Tips to getting your offer accepted in the Florida Keys Imagine you've found your dream home in the Florida Keys, and now you're eager to make an offer that gets accepted. Here are five valuable tips to getting your offer accepted. 1. Offer Wisely: Avoid...

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What do you mean I can’t build on my own land

What do you mean I can’t build on my land? Why can't I just build on my own land? If you're thinking about snagging a piece of empty land down in the Florida Keys with big dreams of putting up your own house one day, hold your horses and do some digging first. It's...

Monroe County Home and Adjoining Vacant Lot- Less than Fee Program

LESS THAN FEE PROGRAM - Do you happen to own both a lovely house and the vacant lot right next door in Monroe County? We've got some great news that might pique your interest – say hello to the County Commission's "Less than Fee" Program! So what is the “Less than Fee...

Florida Keys Flood Plan

Florida Keys Flood Plan Management Florida Keys Flood Plan is under review. Recently we shared with you the new ordinance that was adopted that effected downstairs enclosures here in the Florida Keys.  The new ordinance caused a lot of commotion in the community and...

Buying a Home in the Florida Keys

Buying a Home in the Florida Keys As a real estate agent, I can tell you that buying a home in the Florida Keys is a unique and exciting experience. The Florida Keys is a chain of islands that stretches over 120 miles.  The Florida Keys is known for its laid-back...

Buying a home in the Florida Keys – Downstairs Enclosures

Buying a home in the Florida Keys with a Downstairs Enclosure?  If you answered yes, then you are going to want to know about this crucial information if the home you are buying has a downstairs enclosure. Ordinance No. 026-2022. - Enclosures Monroe County passed...

5 Expert Tips to getting your offer accepted in the Florida Keys

5 Expert Tips to getting your offer accepted in the Florida Keys

5 Expert Tips to getting your offer accepted in the Florida Keys

Imagine you’ve found your dream home in the Florida Keys, and now you’re eager to make an offer that gets accepted. Here are five valuable tips to getting your offer accepted.

1. Offer Wisely: Avoid Lowballing Sellers

When a property hits the market, offering a lowball price isn’t your best strategy. In nearly 99% of cases, this will result in a flat-out rejection, not the outcome you desire. Effective negotiation involves presenting an offer that’s closer to the list price or within a reasonable range to prompt a counteroffer. Keeping the negotiation alive is key.

Some buyers opt for lowball offers on homes that have been listed for a while, which can be effective. However, it’s crucial to review the listing history, price reductions, and their frequency with your agent before taking this approach. Exceptional agents, like our team, often go the extra mile by communicating with the listing agent. Sometimes, you’ll discover that certain sellers have overpriced their property and lack motivation to sell.

Gulfpointe

Current Market 

In the Florida Keys, buyers typically secure an average discount of around 10 percent off the original list price, so offering within that range should be well-received. With an average time on the market of approximately 80 days, buyers can easily identify properties that have lingered and are likely overpriced. It’s worth noting that the typical seller in the Florida Keys often needs to make at least one price reduction, typically around 4 percent, while their property is listed. Understanding these current market statistics should empower you to make a more informed decision when determining the price for your offer.

Condos in Marathon - Marathon Country Club West and East

2. Time is of the Essence

When it comes to the Florida Keys real estate market, time plays a crucial role. The standard contract outlines timelines for various aspects, including the deposit, inspection period, financing contingency, and closing. Most sellers aim to sell quickly while getting the best price, so adhering to these standard timelines is often appreciated. If you can expedite any of these timeframes, your offer is likely to be more attractive to sellers than one with longer deadlines.

Cash Offers

For cash offers in the Florida Keys, the standard timeline typically looks like this:

  • Deposit: Due within 3 days from effective date
  • Inspection Period/ Cancel: within 15 days from effective date
  • 2nd Deposit: Some agents may include this on day 16, depending on the initial deposit amount.
  • Closing: Within 30 days of acceptance.

This means that cash offers in the Florida Keys typically wrap up in just 30 days.

Note Effective Date – is the date when the last one of the Buyer and Seller has signed and delivered the offer

Florida Keys

Financing Offers

Financing offers in the Florida Keys come with a few additional steps, thanks to the involvement of a third party: the bank. Here’s a breakdown of the standard timeline for financing offers in this region:

  • Deposit: Due within 3 days of acceptance.
  • Inspection Period / Cancel: Within 15 days of the effective date.
  • 2nd Deposit due on day 15
  • Appraisal / Loan Approval: Expected within 30 days of the effective date.
  • Closing: Typically within 45 days of the effective date.

Ideally, a financing contract should close within 45 days. However, in reality, lenders may occasionally require more time. Additionally, since there’s a limited number of appraisers in the Florida Keys, delays can occur when they’re backed up. Insurance requirements by lenders can also contribute to delays. In some cases, you might encounter a 45-day loan period with a 60-day closing to accommodate these potential delays.

3. Have a pre-approval and or proof of fund ready.

If you plan to secure a mortgage for your new home, it’s wise to speak with a lender and obtain a pre-approval for your mortgage. Including a copy of this pre-approval letter with your offer is a powerful signal to the seller that you’re a serious buyer who has progressed further in the home-buying process than those without pre-approval.

Some buyers opt to include a pre-qualification letter with their offer. Here’s the difference:

Pre-Qualification: This is a preliminary estimate of the amount you could afford for your new home and the sum a lender might be willing to lend you. It’s a simpler process compared to pre-approval.

Pre-Approval: With a pre-approval letter, you provide the mortgage lender with concrete documentation of your income, assets, and debts. The bank typically conducts a credit check to verify your financial and employment details, sometimes involving a fee. Once your finances receive the bank’s approval, you receive a commitment letter specifying the loan amount they’ll provide for your home purchase.

Both real estate agents and sellers often place more trust in pre-approval over pre-qualification.

Ocean Isle Fishing Village

4.  Use a Local Lender

Since we are on the topic of lending, now is a good time to tell you that if you are going to buy a home in the Florida Keys, you should use a local lender.

Using a local lender can greatly facilitate the process. The Florida Keys have a complex web of rules and regulations, encompassing building rights, allocations, TBRs, SFA lists, mobile homes, co-ops, and a diverse range of property types. Navigating this intricacy can be challenging for a lender unfamiliar with the area. Having experienced deals falling apart with non-local lenders, most Florida Keys real estate agents would advise you to go local—it’s a decision that can significantly benefit you.

5.  Limit your Additional Terms

While making an offer, it’s essential to avoid overloading the seller with excessive demands. Some buyers tend to ask for extensive repairs or alterations before the closing date. To maintain a straightforward and appealing offer, it’s wise to limit additional requests so that the seller doesn’t perceive you as a burdensome buyer.

When it comes to furniture in the Florida Keys, it’s quite common for buyers to request that a property be sold furnished. Many sellers are more than willing to accommodate this request simply because they prefer not to deal with the hassle of moving furniture, especially if the house is intended for rental purposes. This arrangement often turns out to be mutually beneficial for both parties. However, there are instances where the seller resides in the home full-time, and in such cases, they typically prefer to keep their furniture. Being considerate of the seller’s circumstances is always advantageous.

So there you have it—our top 5 pro tips for getting your offer accepted in the Florida Keys!

Amy Prumo & Thomas Carden

Prumo & Carden

Amy’s success as a Florida Keys Elite Agent and Diamond Award Winner is truly awe-inspiring. With over decade of experience in the real estate industry, she has cemented her position as a trailblazer and pioneer. Her unwavering commitment to excellence is reflected in her impressive academic credentials, which include a Master’s Degree in Marketing and Management. Amy’s marketing programs are simply unmatched, ensuring that your property is showcased to the widest audience of potential buyers, thus guaranteeing maximum exposure.

 

Tom is an accomplished expert in the Building, Planning, Zoning and Development field, with an extensive career spanning over several years. He has worked in the Civil Engineering Department for the USAF and was the Building Official/Director of Building Planning and Zoning for a municipality for over a decade. Additionally, he is the owner of Alliance Custom Builders, a testament to his entrepreneurial spirit. Tom’s impressive track record includes building homes in both Marathon and Key Colony Beach. He holds twenty licenses through the International Code council, including Commercial & Residential Plan Reviewer and Certified Building Official, cementing his position as a true leader in his field.

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5 Expert Tips to getting your offer accepted in the Florida Keys

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Marathon, Florida – Top 5 Condo Complexes with Premier Dockage

Marathon, Florida – Top 5 Condo Complexes with Premier Dockage

Top 5 Condo Complexes with Premier Dockage in Marathon, Florida

Welcome to our exciting blog post where we dive into the sun-soaked world of Marathon, Florida, and explore the top condominium complexes that offer not just luxurious living but also the ultimate boating experience. We understand that when it comes to selecting your dream condo in this tropical paradise, it’s not just about the interior decor or ocean views—it’s also about the dockage. To help you make an informed choice, we’ve established a set of criteria that include:

  • Location: Proximity to the ocean and Gulf access.
  • Dock Facilities: Quality and maintenance of the docks.
  • Boat Size: Accommodation for various boat sizes.
  • Amenities: Added perks like boat lifts, cleaning stations, and storage.
  • Accessibility: Ease of access to the docks from the condos.
  • Dock Ownership: Determine if docks are deeded or assigned to units.

Join us as we navigate these criteria to unveil the top five condo complexes that offer the perfect blend of Florida Keys living and boating paradise. Get ready to set sail on this adventure with us!

The Florida Keys

Indigo Reef: A Dockside Paradise

Nestled on the Gulfside, Indigo Reef takes the lead on our list. What sets it apart? Situated conveniently close to Vaca Cut, it offers effortless access to both the ocean and the Gulf.

The docks here are more than just a place to moor your boat—they’re your boat’s haven.  With the addition of a break-wall your your vessel stays safe and sound. Moreover, the wide canals at  Indigo Reef provide ample space for boats to navigate safely. It’s not just about having access; it’s about having peace of mind, knowing that your boating experience here is not only convenient but also secure.

These docks boast quality craftsmanship, constructed with Trex that’s not only durable but also in fantastic condition.

Indigo
Indigo

Convenience is the name of the game; find electric and water hook-ups right at the docks, eliminating any hassle. But wait, there’s more! Indigo Reef welcomes dock boxes, adding an extra layer of storage convenience for your boating essentials. Anglers will appreciate the several fish cleaning stations and don’t forget to take a dip in the inviting pool to cool off after a day of fishing.

What truly sets Indigo Reef apart is that each condo unit comes with its own deeded dock space, ensuring that you have dedicated access to your slip. No more worrying about availability or sharing—your boat’s spot is reserved. Plus, the generous allowance for boats up to 31 feet means you can bring your beloved watercraft with confidence.

Indigo reef is the perfect waterfront lifestyle.

Treasury Cay: Your Coastal Haven in Coco Plum Beach

Located in the Coco Plum Beach neighborhood, Treasury Cay’s condos offer a splendid boating experience. Their fantastic location is only minutes away from Vaca Cut.  Which makes getting to bay side easy.  When it comes to boating, convenience reigns supreme here.

The docks at Treasury Cay are more than just well-maintained; they’re a testament to quality. Owners are allowed to install boat lifts, and you’ll find that most docks are equipped one. Set against a generous 200-foot-wide canal, navigating your boat becomes a breeze. With room for vessels up to 35 feet, your boating dreams can become a reality.

For the avid anglers, there are fish cleaning stations and conveniently located water sources nearby. Plus, with each unit coming complete with a garage, you’ll have ample space to stow away your fishing gear and all things boat-related.

At Treasury Cay the units over look the canal, granting you the advantage of keeping a watchful eye on your boat directly from your living room.

Each unit at Treasury Cay comes with its own assigned dock space.  This means you won’t need to worry about finding an available spot or your boat being moved. Plus you will be able to  access your boat quickly and efficiently.

If you crave a home where your passion for boating is seamlessly integrated into your daily life, look no further – Treasury Cay awaits.

TREASURY CAY
TREASURY CAY

Coco Plum Terrace: Your Oceanfront Oasis for Boating Bliss

Tucked away in the charming Coco Plum neighborhood, you’ll find the delightful Coco Plum Terrace condominium. Positioned on the ocean side, it offers a quick and undeniable access point to the bay side via Vaca Cut, making it a boater’s paradise.

But here’s the real gem: each unit comes with an assigned 40-foot boat slip, complete with the convenience of power and water hook-ups. And if you have a larger vessel or a sailboat, no worries, there’s an opportunity to accommodate it as well. The flexibility here ensures that your boating dreams can set sail without limitations. Coco Plum Terrace truly understands the importance of your maritime adventures.

Owners can bring their own dry storage boxes for added convenience. Additionally, they have access to water sources and a nearby fish cleaning station. What’s more, there’s a convenient boat ramp available to make your boating experience even smoother!

Other fantastic amenities at Coco Plum Terrace include a heated/chilled pool with newly remodeled pool bathrooms, on-site trailer storage facilities and even designated storage spaces for kayaks, bikes, and paddle boards.

Coco Plum Terrace

Don’t forget, the docks are conveniently located right outside the condo units, ensuring that your boating adventures are just a stone’s throw away from your home.

Coco Plum Terrace truly offers the complete waterfront lifestyle experience.

Marathon Condos - Coco Plum Terrace

Coral Lagoon: Your Coastal Escape with Luxury Marina Living

Coral Lagoon is on the bayside in Marathon, Florida.  These townhome style condos enjoy some of the best boating access in the keys.  Located in deep water and with a nearby marina these condos have the best boating.  Fantastic access to the vaca but which makes going to the bay side a breeze.

The docks are extremely well maintained and there is electric and water on site.  Dry storage box are allowed

Most docks at coral lagoon are 40 feet, how ever there are larger options such as 50 feet for your vessels.

With a large fish cleaning station under a tik hut you get out of the sun. With the marina right next door owner have access to fuel and can purchase a dry rack to if they wanted.

Most of the docks are located right nearby the unit.  However a few might be a bit down.  Either way, your dock is only a few feet away.

The docks at Coral Lagoon are deed.  So you have your very own secured space and no  is going to make you move. It worth noting that the condos do pay an extra HOA fee for the dock.

Coral Lagoon provides an all-encompassing, luxurious marina lifestyle. It’s a place where boating dreams set sail, and every day feels like a vacation.

CORAL LAGOON

Harbor House Condos: Your Premier Waterfront Retreat for Boating Enthusiasts

Harbor House units aren’t just condos; they’re your VIP pass to epic boating escapades with deep-water access that’ll make you want to do a happy dance.

Not only is the water deep, but it’s also protected. You can cut through Sister Creek to explore the ocean or go through the harbor and under the Seven-Mile Bridge to access the bay. Either way, you’ve got excellent boating right at your fingertips.

Docking just got a whole lot more fun and way less hassle because Harbor House now allows the installation of boat lifts.

HARBOR HOUSE

Owners also have the flexibility to bring their own dry storage boxes. Furthermore, there is access to water sources and a nearby fish cleaning station.  Also a boat ramp too!

But that’s not all. These condos are strategically positioned, allowing you to keep a close eye on your boat right from your unit.

Residents at the Harbor House condominium are assigned dock spaces, each accommodating up to a 30-foot boat.

Overall, the blend of location, dock amenities, and the ability to see your boat from your living space creates an unparalleled waterfront living experience.

HARBOR HOUSE

Conclusion

So, there you have it – our top 5 picks for the best condos with dockage in Marathon, the Florida Keys. Each of these waterfront havens offers a unique blend of convenience, amenities, and breathtaking views that cater to the boating enthusiast in you.

Check out more Condos in Marathon HERE

Local resource link – City of Marathon

Amy Prumo & Thomas Carden

Prumo & Carden

Amy’s success as a Florida Keys Elite Agent and Diamond Award Winner is truly awe-inspiring. With over 13 years of experience in the real estate industry, she has cemented her position as a trailblazer and pioneer. Her unwavering commitment to excellence is reflected in her impressive academic credentials, which include a Master’s Degree in Marketing and Management. Amy’s marketing programs are simply unmatched, ensuring that your property is showcased to the widest audience of potential buyers, thus guaranteeing maximum exposure.

 

Tom is an accomplished expert in the Building, Planning, Zoning and Development field, with an extensive career spanning over several years. He has worked in the Civil Engineering Department for the USAF and was the Building Official/Director of Building Planning and Zoning for a municipality for over a decade. Additionally, he is the owner of Alliance Custom Builders, a testament to his entrepreneurial spirit. Tom’s impressive track record includes building homes in both Marathon and Key Colony Beach. He holds twenty licenses through the International Code council, including Commercial & Residential Plan Reviewer and Certified Building Official, cementing his position as a true leader in his field.

Sign up for our Newletter or Download our free List of Service Providers 

Includes Local home Inspectors and Insurance compaines 

Newsletter Signup Form
Service Provider Download

5 Expert Tips to getting your offer accepted in the Florida Keys

5 Expert Tips to getting your offer accepted in the Florida Keys Imagine you've found your dream home in the Florida Keys, and now you're eager to make an offer that gets accepted. Here are five valuable tips to getting your offer accepted. 1. Offer Wisely: Avoid...

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