Tranquility Bay

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Tranquillity Bay

Tranquility Bay is 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 units are located directly on the water. Every unit offers breath taking views of the Gulf of Mexico.

Resort information

Rental

Tranquility Bay’s rental model, which allows nightly rentals, is a significant advantage for investment buyers. This flexibility opens up a range of opportunities to maximize rental income, making it an attractive option for those looking to invest in the property.

3 Associations

Master – All units are included in the Master Association

Pirates Cove I – Units 53-74 with building insurance included in the monthly fees.

Pirates Cove II – Units 1-52 and 75-87 are townhomes that are owned fee simple, rather than condos. Building Insurance is included in the monthly fees.

Management

Tranquility Bay requires that all units be managed by the onsite rental company, ensuring that the resort is maintained to the highest standards and that guests enjoy a seamless vacation experience. As an owner, this arrangement offers a hassle-free ownership experience, as management takes care of all aspects of renting and maintaining the property.

However, this convenience comes at a cost, as the management company charges for its services. While this expense can cut into the owner’s profits, it’s important to note that the rental company’s expertise can maximize rental income and ensure that the property is well-maintained, potentially resulting in a more significant return on investment.

Overall, Tranquility Bay’s onsite rental management offers owners a hands-off approach to property ownership, while still providing a profitable investment opportunity.

Owner Use

All units must be rented through the resort. Owners get up to 5 weeks of personal use per year.

Interior

Tranquility Bay maintains a consistent guest experience by ensuring that all interiors are identical and furnished the same way.

As an owner, you won’t be able to decorate or furnish units according to your personal preferences. This approach aims to provide guests with a consistent experience and ensure that they know what to expect when they return for another stay.

While this may seem restrictive to some owners, it’s important to note that this strategy has been proven to enhance guest satisfaction and improve rental income potential.

First Right of Refusal

When considering purchasing a property at Tranquility Bay, it’s important to note that the developer holds the first right of refusal on all contracts. Essentially, this means that if a seller receives an offer on their property, the developer has the option to buy the property at the same price that was negotiated between the seller and buyer.

Owners Closets

Most owners who purchase in the resort use the closet under the stairs to store their personal items. There are no garages or extra storage areas any where on the resort.

Docks

There are NO docks at Tranquility Bay

Trailer Storage

There is No Trailer Storage at Tranquility Bay

Pets

No Pets Allowed

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The information provided is dependable but lacks guarantees. Condominiums frequently revise their rules and regulations, making it essential to consistently verify details with the Homeowner Associations.