12690 Overseas Highway 112, Marathon, FL 33050

$960,000

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Property Type: Residential Bedrooms: 2 Baths: 3 Square Footage: 1,352 Status: Closed

Current Price: $960,000 List Date: 12/17/2025 Last Modified: 6/29/2026

Overview

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.

Listing Details MLS# 617727

Location, Tax & Legal

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
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

Contract Information

Listing Board: Marathon/Lower Keys
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
Species List: No

General Property Description

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

Status Change Info

Under Contract Date: 2026-05-15
Sold Date: 2026-06-29

Association Info

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

Building Style

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

More Information

Vehicle Storage

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

Pool Info

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

Pets

Pets w/Restrictions: 2 pets under 25lbs

Financial Status

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

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

Fee Includes

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

Dockage

First Come Dock: Yes

Tax Exemptions

None: Yes

Appliances

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

Cooling

Ceiling Fans(s): Yes
Central Air: Yes

Waterfront

Bay Front: Yes
Gulf Front: Yes
Open Water: Yes

Waterview

Bay/Gulf View: Yes
Open Water View: Yes

Floor

Carpet: Yes
Tile: Yes

Neighborhood Feature

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

Interior Features

Pantry: Yes
Smoke Alarms: Yes
Storage: Yes
Window Treatments: Yes

Windows/Doors

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

Construction

CBS: Yes

Land Size

2 Less Than 5 Acres: Yes

Furnished

Furnished: Yes

Utilities

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

Porch/Balcony

Open Porch/Balcony: Yes

Roof

Metal Roof: Yes

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: June - 29 - 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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