12690 Overseas Highway 112, Marathon, FL 33050

$994,000

Property Type: Residential Bedrooms: 2 Baths: 3 Square Footage: 1,352 Status: Contingent/Show

Current Price: $994,000 List Date: 12/17/2025 Last Modified: 5/18/2026

Description

Direct oceanfront unit with almost 2 years of dues effectively already covered by income on the books. Close in May and step into a turnkey, high-income-producing rental with over $30,000 already booked after May 2026 as of 3/24/26. Seller will continue booking up until closing, adding even more value. This well-maintained 2-bedroom, 2.5-bath condo offers direct Gulf views, covered parking, impact windows and doors, solid concrete construction, dockage, and weekly rental potential--making it an ideal Keys getaway or investment opportunity.

More Information MLS# 617727

Contract Information

Listing Board: Marathon/Lower Keys As is Rght to Inspct: Yes Potential Short Sale: No Bank Owned: No Species List: No Current Price: $994,000 Listing Date: 2025-12-15 List Price: $994,000

Location, Tax & Legal

Unit #: 112 City: MARATHON Mile Marker: 53.5 Marathon Neighborhood: Vaca East (Vaca to Coco) Side: Ocean Flood Zone: VE-12 Alternate Key #: 8749589 Parcel #: 00100490-000106 Zoning: RH - Residential High Deed Restrictions: Unknown Legal: UNIT 112 GULFPOINTE II, A CONDOMINIUM OR1087-2354 Taxes: 7502.82 Tax Year: 2024 Pub Sewer HkUp: Yes Street #: 12690 Street Name: Overseas Street Suffix: Highway Key/Island: Marathon State/Province: FL Zip Code: 33050 County: Monroe Subdivision: Gulfpointe (53.5) Area: 17 - Vaca Cut - Both Sides Holiday Inn/Key Colony

General Property Description

Realtor.COM Type: Residential - Condo/Townhouse Waterfront: Yes Control Depth: 0 Lot SqFt: 0 Unit/Complex: Unit Pool: Yes Total Units: 0 SqFt Source: Property Data Card Rentals Allowed: Yes Min Rental Days: 7 Style: Condo Year Built: 1989 Living Apx SqFt: 1352 Total Bedrooms: 2 Full Baths: 2 Half Baths: 1 Total Baths: 3

Remarks & Misc

Remarks – Consumer: Direct oceanfront unit with almost 2 years of dues effectively already covered by income on the books. Close in May and step into a turnkey, high-income-producing rental with over $30,000 already booked after May 2026 as of 3/24/26. Seller will continue booking up until closing, adding even more value. This well-maintained 2-bedroom, 2.5-bath condo offers direct Gulf views, covered parking, impact windows and doors, solid concrete construction, dockage, and weekly rental potential--making it an ideal Keys getaway or investment opportunity. Directions: Off US 1 behind the Credit Union, all the way to the end is Gulfpointe 2

Association Info

Mandatory Home Owners Asc: Yes 1st Right of Refusal: Yes Association Fee $: 1395 Assoc/Mnt Fee Per: Monthly

Fee Includes

Bldg Exterior Mnt: 1 Building Insurance: 1 Cable: 1 Common Area Mnt: 1 Exterminating: 1

Dockage

First Come Dock: 1

Tax Exemptions

None: 1

Appliances

Dishwasher: 1 Microwave: 1 Oven: 1 Range: 1 Refrigerator: 1 Stainless Steel Appliance(s): 1

Pets

Pets w/Restrictions: 2 pets under 25lbs

Cooling

Ceiling Fans(s): 1 Central Air: 1

Waterfront

Bay Front: 1 Gulf Front: 1 Open Water: 1

Waterview

Bay/Gulf View: 1 Open Water View: 1

Floor

Carpet: 1 Tile: 1

Neighborhood Feature

Airstrip: 1 Beach: 1 Bike Paths: 1 Community Boat Ramp: 1 Community Pool: 1

Interior Features

Pantry: 1 Smoke Alarms: 1 Storage: 1 Window Treatments: 1

Building Style

Above Flood: Yes Stilt Column Height: Medium - 5Ft - 9Ft

Windows/Doors

Awning Windows: 1 Impact Rstnce Window: 1 Sliding Glass Doors: 1

Vehicle Storage

Car(s): 2 Covered Parking: 1 Assigned Parking: 1

Construction

CBS: 1

Land Size

2 Less Than 5 Acres: 1

Furnished

Furnished: 1

Utilities

Elect Separate Meter: 1 FKAA: 1 Municipal Sewer: 1 Water Separate Meter: 1

Porch/Balcony

Open Porch/Balcony: 1

Pool Info

In Ground: 1 Other: Chiller Heated: Yes Concrete: 1 Decked: 1

Roof

Metal Roof: 1

Financial Status

Auction: No Bank Owned: No Potential Short Sale: No Standard Sale: Yes

Status Change Info

Contingent: Contingent/Show Status: Contingent/Show

Property Features

Fee Includes: Bldg Exterior Mnt; Building Insurance; Cable; Common Area Mnt; Exterminating Tax Exemptions: None Waterfront: Bay Front; Gulf Front; Open Water Waterview: Bay/Gulf View; Open Water View Dockage: First Come Dock Vehicle Storage: Assigned Parking; Covered Parking Furnished: Furnished Cooling: Ceiling Fans(s); Central Air Utilities: Elect Separate Meter; FKAA; Municipal Sewer; Water Separate Meter Interior Features: Pantry; Smoke Alarms; Storage; Window Treatments Appliances: Dishwasher; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s) Pool Info: In Ground; Concrete; Decked Construction: CBS Floor: Carpet; Tile Roof: Metal Roof Neighborhood Feature: Airstrip; Beach; Bike Paths; Community Boat Ramp; Community Pool Land Size: 2 Less Than 5 Acres

Listing Office: Coldwell Banker Schmitt Real Estate Co.

Last Updated: May - 18 - 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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