The Best Condos in Marathon for Rental Investments

If you’re looking to invest in real estate in Marathon, Florida, there’s no better time than now. This island city drawing visitors from all over the world.  With the influx of tourists comes a growing demand for rental properties, making it an ideal location for real estate investments.

Condos, in particular, are a great option for investors looking for a low-maintenance property that can generate steady rental income. But with so many options available, it can be tough to know where to start. That’s why we’ve compiled a list of the top condo investment opportunities in Marathon, Florida. These condos offer high value and excellent potential for lucrative returns. Read on to discover the best condos for investments in Marathon, Florida.

Tranquility Bay Marathon

Tranquility Bay, a stunning beach resort in Marathon.  The property includes 3 pools, a putting green, fitness center, beach tiki bar and upscale restaurant.  Your going love the white sandy beach and the tropical landscaping too.

The property is made up of 87 townhomes that are either 2 bedrooms or 3 bedrooms. 24 of the townhomes are located directly on the water. Every unit offers breath taking views of the Gulf of Mexico.

Rentals

Tranquility Bay’s rental model sets it apart from other investment properties in the area. Tranquility Bay operates much like a hotel, offering guests the option to rent units on a nightly basis, which is relatively uncommon in Marathon.

Nightly rentals offer several advantages over weekly rentals. First, nightly rentals provide more flexibility for guests, as they can choose to stay for a shorter or longer period, depending on their schedule and preferences. This flexibility can increase the appeal of the property and attract a wider range of guests, resulting in higher occupancy rates and rental income.

In addition, nightly rentals can maximize rental income potential, as they allow owners to charge higher rates for shorter stays. This is because nightly rentals are in higher demand and tend to command a higher nightly rate than weekly rentals.

Another advantage of nightly rentals is that they allow management to adjust pricing more easily in response to market fluctuations or changes in demand. This flexibility can help owners optimize their rental income potential by adjusting rates to match demand and maximize occupancy.

Management

Tranquility Bay owners must use the onsite rental manager and are only allowed to use the units 5 weeks a year.

Dock

There are No Docks at Tranquility Bay

Overall, Tranquility Bay’s rental model is highly profitable, and owners can earn a substantial income from the units.

Coral Lagoon

Located in Marathon, Florida, just off Overseas Highway, Coral Lagoon is a delightful townhome community. Built in 2007, this property consists of 25 townhomes, featuring 3 bedrooms and 2.5 baths.

Coral Lagoon’s most notable feature is that the majority of its owners possess a deeded boat slip, making it the perfect location for individuals who enjoy exploring the waters surrounding Marathon.

Rental

While most rentals in Marathon are typically weekly, Coral Lagoon offers the option to rent on a nightly basis, providing greater flexibility for guests who require shorter stays.

Offering nightly rentals can also be beneficial for property owners as it can increase the property’s occupancy rate, providing more opportunities to generate rental income.

Additionally, offering nightly rentals can increase the property’s visibility to potential guests who are looking for a shorter stay, giving it a competitive edge in the market.

Management

Owners can rent the units themselves or hire a local rental manger.

Gulf Pointe I & Gulf Pointe II

The units in Gulf Pointe resemble townhomes, with kitchen and living area and a half bathroom on the first floor and two bedrooms and two bathrooms on the second floor. There are a total of 10 buildings, with four units in each building.

Located on the tranquil Gulfside, these units provide guests with stunning views of the surrounding water. While each unit offers an exceptional waterfront view, some units may offer even better views than others due to their location within the complex.

Dockage

Dockage is available at these units on a first come, first serve basis, with priority given to owners.

Rental – 7 Days

By allowing 7-day rentals, owners can generate a steady stream of income throughout the year.

By offering guests the opportunity to stay for a full week, owners can attract guests who are looking for a longer vacation experience. This can help to build a loyal customer base, as many guests enjoy returning to the same property for extended stays.

Secondly, repeat customers can help to increase the visibility and reputation of the property in the rental market. Satisfied guests are likely to leave positive reviews and recommend the property to others, which can lead to increased bookings and higher rates.

Indigo Reef

Indigo Reef is not just any community of townhouses – it is a secure, upscale neighborhood that boasts a grand total of 67 luxurious townhouses, occupying an expansive 10-acre area. Each unit is designed to offer optimal comfort and convenience, with 3 spacious bedrooms and 2.5 beautifully appointed bathrooms, spanning over 1,600 square feet of living space.

Rental – 7 Days

Indigo Reef allows for short-term rentals with a minimum duration of seven days, providing owners with a great opportunity to earn sustainable income by renting out their units.

Compared to monthly rentals, short-term rentals are much easier to market and attract a wider range of potential renters, increasing the likelihood of occupancy and generating more revenue.

With the flexibility to rent out your unit on a weekly basis, you can take full advantage of the lucrative vacation rental market in Marathon and make the most out of your investment.

Dock

Each unit comes equipped with a deeded dock that spans 35 feet and can comfortably accommodate a boat of up to 31 feet in length.

Management

No onsite rental management company.  Owners are free to choose the rental agent or company they prefer.

Top Condos in Marathon for Investment

So there you have it, are top investment properties for potential buyers. These condos offer desirable features such as great location, waterfront views, attractive amenities, and flexible rental options, which are essential for maximizing return on investment in the competitive vacation rental market of the Florida Keys.

Whether you are a seasoned real estate investor or a first-time buyer, these condos present excellent opportunities for generating passive income and building equity in a highly sought-after location.

More Condos for Sale in Marathon

Prumo & Carden

310-384-5647 – Amy

Amy’s success as a Florida Keys Elite Agent and Diamond Award Winner is truly awe-inspiring. With over a 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.