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  • 12399 Overseas Highway 5, Marathon, FL 33050 (MLS# 619032)

12399 Overseas Highway 5, Marathon, FL 33050

$1,260,000
Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 1,360 Lot Size (sq. ft.): 1,055 Status: Active
Current Price: $1,260,000 List Date: 3/12/2026 Last Modified: 4/10/2026

Description

CORAL LAGOON - 40' Boat Slip + 3 bedroom townhouse that allow for rentals of 2 nights or more in the heart of Marathon! Imagine waking up in the Florida Keys with your boat just steps away and the open water calling. At Coral Lagoon Resort in Marathon, this 3-bedroom, 2-bath townhouse offers the perfect combination of island lifestyle and smart investment potential. The property includes a 40' BOAT SLIP at the marina, giving you quick access to both the Atlantic Ocean and Gulf waters for fishing, diving, and cruising some of the most beautiful waters in the world. Whether it's an early morning run to the reef or sunset at the sandbar, boating is simply part of daily life here. Coral Lagoon is known for its quaint Key West-style architecture, tropical landscaping, and resort-style pool, all within a professionally maintained, low-maintenance community that allows you to enjoy the Keys without the stress of constant upkeep. Even better, short-term rentals are permitted, making this an attractive opportunity for buyers looking to generate income while still enjoying their own private getaway in paradise. Located in the heart of Marathon, you're minutes from waterfront dining, fishing charters, beaches, and everything that makes the Florida Keys lifestyle so special. Whether you're looking for a vacation home, boating retreat, or income-producing property, Coral Lagoon offers a rare opportunity to own a piece of the Keys with both lifestyle and investment appeal. Make time to schedule your appointment for this winning combo as these are limited.

More Information MLS# 619032

Contract Information

Listing Board: Marathon/Lower Keys As is Rght to Inspct: Yes Current Price: $1,260,000 Listing Date: 2026-03-12 List Price: $1,260,000

Location, Tax & Legal

Unit #: 5 City: MARATHON Mile Marker: 53 Marathon Neighborhood: Vaca East (Vaca to Coco) Side: Ocean Flood Zone: AE-8 Alternate Key #: 9088696 Add'l Parcel #1: 00100360-001380 Parcel #: 00100390-000500 Zoning: R-MH - Residential - MH Deed Restrictions: Yes Legal: 5 66 33 FAT DEER KEY PT GOVT LOT 3 (AKA PARCEL 5 THE VILLAGE AT 12399 OVERSEAS) /UNIT 38 BOAT HOUSE MARINA CONDOMINIUM Taxes: 9366.84 Tax Year: 2025 Pub Sewer HkUp: Yes Street #: 12399 Street Name: Overseas Street Suffix: Highway Key/Island: Marathon State/Province: FL Zip Code: 33050 County: Monroe Subdivision: Coral Lagoon Resort (53.0) Area: 18 - East of Holiday Inn US #1 & Coco Plum

General Property Description

Realtor.COM Type: Residential - Condo/Townhouse Waterfront: Yes Control Depth: 3 Lot Size: X Lot SqFt: 1055 Unit/Complex: Unit Pool: Yes Total Units: 1 Acres: 0.02 SqFt Source: Property Data Card Rentals Allowed: With Restrictions Min Rental Days: 2 Style: Townhouse Year Built: 2007 Living Apx SqFt: 1360 Total Bedrooms: 3 Full Baths: 2 Half Baths: 1 Total Baths: 3

Remarks & Misc

Remarks – Consumer: CORAL LAGOON - 40' Boat Slip + 3 bedroom townhouse that allow for rentals of 2 nights or more in the heart of Marathon! Imagine waking up in the Florida Keys with your boat just steps away and the open water calling. At Coral Lagoon Resort in Marathon, this 3-bedroom, 2-bath townhouse offers the perfect combination of island lifestyle and smart investment potential. The property includes a 40' BOAT SLIP at the marina, giving you quick access to both the Atlantic Ocean and Gulf waters for fishing, diving, and cruising some of the most beautiful waters in the world. Whether it's an early morning run to the reef or sunset at the sandbar, boating is simply part of daily life here. Coral Lagoon is known for its quaint Key West-style architecture, tropical landscaping, and resort-style pool, all within a professionally maintained, low-maintenance community that allows you to enjoy the Keys without the stress of constant upkeep. Even better, short-term rentals are permitted, making this an attractive opportunity for buyers looking to generate income while still enjoying their own private getaway in paradise. Located in the heart of Marathon, you're minutes from waterfront dining, fishing charters, beaches, and everything that makes the Florida Keys lifestyle so special. Whether you're looking for a vacation home, boating retreat, or income-producing property, Coral Lagoon offers a rare opportunity to own a piece of the Keys with both lifestyle and investment appeal. Make time to schedule your appointment for this winning combo as these are limited. Directions: Coral Lagoon - located oceanside at Mile Marker 53. Turn at the Coral Lagoon sign on US1. Park in parking lot near marina. Unit 5 is on the rear canal to the right.

Association Info

Mandatory Home Owners Asc: Yes 1st Right of Refusal: No Condo Doc's: Yes Association Fee $: 1094.98 Assoc/Mnt Fee Per: Monthly

Fee Includes

Common Area Mnt: 1

Dockage

Dock Length: 40 Boat Slip: 1

Tax Exemptions

None: 1

Appliances

Dishwasher: 1 Dryer: 1 Microwave: 1 Range: 1 Refrigerator: 1 Washer: 1

Cooling

Ceiling Fans(s): 1 Central Air: 1

Heating

Central: 1

Waterfront

Canal Front: 1

Waterview

Canal View: 1

Neighborhood Feature

Airstrip: 1 Community Boat Ramp: 1 Community Pool: 1

Interior Features

Granite Counter Top: 1 Smoke Alarms: 1 Window Treatments: 1

Specialty Rooms

Other: 1

Building Style

Above Flood: Unknown Townhouse: 1

Vehicle Storage

Guest Parking: 1 Open Parking: 1

Construction

Frame: 1

Land Size

Less Than 1/4 Acre: 1

Furnished

Furnished: 1

Terms

Conventional: 1 FHA: 1 VA: 1

Utilities

Cable Available: 1 FKAA: 1 Municipal Sewer: 1

Porch/Balcony

Deck: 1 Open Porch/Balcony: 1

Pool Info

In Ground: 1 Heated: Yes

Roof

Metal Roof: 1

Status Change Info

Status: Active

Property Features

Fee Includes: Common Area Mnt Tax Exemptions: None Waterfront: Canal Front Waterview: Canal View Dockage: Boat Slip Building Style: Townhouse Vehicle Storage: Guest Parking; Open Parking Furnished: Furnished Cooling: Ceiling Fans(s); Central Air Heating: Central Utilities: Cable Available; FKAA; Municipal Sewer Interior Features: Granite Counter Top; Smoke Alarms; Window Treatments Specialty Rooms: Other Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer Pool Info: In Ground Construction: Frame Roof: Metal Roof Neighborhood Feature: Airstrip; Community Boat Ramp; Community Pool Land Size: Less Than 1/4 Acre Terms: Conventional; FHA; VA
Listing Office: Keller Williams Key West Compass Realty
Last Updated: April - 10 - 2026
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.

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