Listing Board: Marathon/Lower Keys

Current Price: $2,399,000

Listing Date: 2026-05-12

List Price: $2,399,000

City: MARATHON

Mile Marker: 54

Marathon Neighborhood: Coco Plum

Side: Ocean

Alternate Key #: 9104808

Parcel #: 00363451000500

Zoning: RH - Residential High

Deed Restrictions: Unknown

Legal: Lot 5 Coco Plum Estates Pb7-95 Or3148-2388 Or3177-570

Taxes: 13262.44

Tax Year: 2025

Pub Sewer HkUp: Yes

Street #: 229

Street Name: Pescayo

Street Suffix: Avenue

Key/Island: Marathon

State/Province: FL

Zip Code: 33050

County: Monroe

Subdivision: Coco Plum Beach (54.5)

Area: 18 - East of Holiday Inn US #1 & Coco Plum

Realtor.COM Type: Residential - Single Family

Waterfront: Yes

Control Depth: 6

Lot Size: X

Lot SqFt: 10907

Pool: Yes

Lot Sqft Source: Property Data Card

Acres: 0.38

SqFt Source: Property Data Card

Rentals Allowed: Yes

Min Rental Days: 7

Style: Single Family

Year Built: 2023

Living Apx SqFt: 2040

Total Bedrooms: 4

Full Baths: 4

Half Baths: 1

Total Baths: 5

Remarks – Consumer: The numbers: Since January 2024, 229 Pescayo has hosted 113 stays across 860 guest nights and generated $512,831 in accommodation revenue. 88% occupancy rate 4.96 / 5.0 guest rating Fully furnished, income-generating from day one -- zero ramp-up period This isn't a fixer-upper with 'potential.' It's a proven, cash-flowing short-term rental with the reviews, occupancy, and forward bookings to prove it -- built in 2023 and already established as one of the area's busiest vacation rentals. Why It Performs: Every finish was chosen to drive nightly rate and occupancy, not just curb appeal. Boaters and premium-amenity guests are the target market, and the property is built to convert them into repeat bookings: 72' of deep-water dockage, water & electric at dock, outdoor lighting Less than 10 minutes to open water & Vaca Cut for Gulf access Heated pool with paver decking Covered entertaining area + large covered upper terrace for shaded, salt-air living 240V EV charger 800 sq ft storage enclosure Aluminum gated vehicle access + security cameras The Property: Double doors open into an open-concept kitchen and living space -- quartz countertops, tile backsplash, built-in wine cooler, and tile flooring throughout. Four master suites, each with a private bath, plus an additional half bath for guests. Sold fully furnished -- dishes, linens, smart TVs, all of it. Bottom Line: No lease-up, no renovation, no guesswork on rates. Bring your boat -- the income is already running.

Mandatory Home Owners Asc: No

1st Right of Refusal: No

Association Fee $: 0

# of City License: 1

None: 1

Dock Length: 72

Dock: Composite

None: 1

Dishwasher: 1

Disposal: 1

Dryer: 1

Microwave: 1

Oven: 1

Refrigerator: 1

Stainless Steel Appliance(s): 1

Washer: 1

Wine Cooler: 1

Pets Allowed: 1

Ceiling Fans(s): 1

Central Air: 1

Central: 1

Canal Front: 1

Canal View: 1

Tile: 1

Beach: 1

Bike Paths: 1

Quartz Countertops: 1

Smoke Alarms: 1

Split Bedroom: 1

Storage: 1

Window Treatments: 1

New Construction: 1

Above Flood: Yes

Stories: 1 Story

Impact Rstnce Doors: 1

Impact Rstnce Window: 1

Carport: 1

Covered Parking: 1

Guest Parking: 1

Open Parking: 1

On Premises System: 1

CBS: 1

Less Than 1/4 Acre: 1

Furnished: 1

Elect Separate Meter: 1

FKAA: 1

Water Separate Meter: 1

Open Porch/Balcony: 1

Lighting: 1

Storage: 1

In Ground: 1

Heated: Yes

Concrete: 1

Decked: 1

Metal Roof: 1

Status: Active