6850 Overseas Highway 101, Marathon, FL 33050

$650,000

Virtual Tour

https://www.zillow.com/view-imx/246741c5-3491-44a7-8e87-d418ca401fbb?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard

Sitting area facing west (for amazinf Sunsets)

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 1,224 Status: Closed

Current Price: $650,000 List Date: 6/01/2025 Last Modified: 4/24/2026

Overview

Description

Seller will consider financing with large downpayment. Discover a rare investment opportunity in the heart of the Florida Keys with this beautifully upgraded 3-bedroom, 3-bath unit at The Reef in Marathon. Set against the tranquil backdrop of the bay with direct access to the Gulf of Mexico, this versatile property is ideal for investors and island dreamers alike. Designed with flexibility in mind, this unique unit allows for a variety of rental configurations—including vacation rentals, long-term leases, or even keeping a portion for personal use while generating income from the rest. With 7-day rentals permitted, the possibilities are endless. Inside, you'll find thoughtful, high-end finishes throughout, including rich wood cabinetry, granite countertops, stained concrete floors with tile base, and completely renovated bathrooms featuring large walk-in showers. Every detail has been updated to offer comfort, durability, and coastal style. The Reef is a sought-after waterfront co ... (Read more)

Listing Details MLS# 615279

Location, Tax & Legal

Street #: 6850
Street Name: Overseas
Street Suffix: Highway
Key/Island: Marathon
State/Province: FL
Zip Code: 33050
County: Monroe
Subdivision: Reef At Marathon (50.5)
Area: 15 - Sombrero Bch Rd to Vaca Cut Gulfside
Unit #: 101
City: MARATHON
Mile Marker: 50.5
Marathon Neighborhood: Mid-Town - Gulf (Sombrero to Airport)
Side: Bay/Gulf
Flood Zone: AE,AE,AE,VE,VE
Alternate Key #: 8708769
Parcel #: 00103523-000100
Zoning: RM - Residential Medium
Deed Restrictions: Yes
Legal: UNIT 101 REEF AT MARATHON RESORT CLUB II A CONDOMINIUM OR1007-2485 OR1097-1606 OR1836-430D/C OR1837-361AFF OR1837-362 O
Taxes: 3197.83
Tax Year: 2024
Pub Sewer HkUp: Yes

Contract Information

Listing Board: Marathon/Lower Keys
As is Rght to Inspct: Yes

General Property Description

Realtor.COM Type: Residential - Condo/Townhouse
Style: Condo
Waterfront: Yes
Control Depth: 3
Unit/Complex: Complex
Pool: Yes
Year Built: 1984
Total Units: 8
Living Apx SqFt: 1224
SqFt Source: Property Data Card
Total Bedrooms: 3
Full Baths: 3
Total Baths: 3
Rentals Allowed: Yes
Min Rental Days: 7
Lot SqFt: 0

Status Change Info

Under Contract Date: 2025-12-20
Sold Date: 2026-01-19
Sold Comments: Thanks to All for making this a smooth process

Association Info

Mandatory Home Owners Asc: Yes
1st Right of Refusal: No
Association Fee $: 1375
Assoc/Mnt Fee Per: Monthly

License Info

Transient Rntl Licns: Yes

More Information

Dockage

Dock: Wood
Basin: Yes
Boat Ramp: Yes
Dock Privileges: Yes
First Come Dock: Yes

Building Style

Above Flood: Unknown

Remarks & Misc

Remarks – Consumer: Seller will consider financing with large downpayment. Discover a rare investment opportunity in the heart of the Florida Keys with this beautifully upgraded 3-bedroom, 3-bath unit at The Reef in Marathon. Set against the tranquil backdrop of the bay with direct access to the Gulf of Mexico, this versatile property is ideal for investors and island dreamers alike. Designed with flexibility in mind, this unique unit allows for a variety of rental configurations—including vacation rentals, long-term leases, or even keeping a portion for personal use while generating income from the rest. With 7-day rentals permitted, the possibilities are endless. Inside, you'll find thoughtful, high-end finishes throughout, including rich wood cabinetry, granite countertops, stained concrete floors with tile base, and completely renovated bathrooms featuring large walk-in showers. Every detail has been updated to offer comfort, durability, and coastal style. The Reef is a sought-after waterfront community offering resort-style amenities, including a large saltwater pool, tennis courts, and a spacious marina with boat slips available by reservation. Guests and owners enjoy access to bicycles, paddle boats, and paddleboards, as well as convenient parking for boat trailers during their stay. This is more than a vacation home—it's a lifestyle and an income-producing asset, all in one of the most desirable locations in the Florida Keys. Don't miss your chance to own a piece of paradise. Co listed with Zillow

Fee Includes

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

Tax Exemptions

Homestead: Yes

Appliances

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

Pets

Pets Allowed: Yes

Cooling

Ceiling Fans(s): Yes
Ductless: Yes

Heating

Ductless: Yes

Waterfront

Bay Front: Yes

Waterview

No Waterview: Yes

Floor

Concrete: Yes

Neighborhood Feature

Community Boat Ramp: Yes
Community Dockage: Yes
Community Pool: Yes
Manager on Premises: Yes
Tennis Courts: Yes

Interior Features

Granite Counter Top: Yes
Tray Ceilings: Yes

Property Condition

Updated/Remodeled: Yes

Windows/Doors

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

Vehicle Storage

Guest Parking: Yes
Open Parking: Yes
Off Street Parking: Yes
Trailer Storage: Yes

Construction

CBS: Yes
Concrete: Yes

Land Size

Less Than 1/4 Acre: Yes

Furnished

Negotiable: Yes

Terms

Cash: Yes
Conventional: Yes
Seller Finance Psble: Yes

Utilities

Buyer to Verify: Yes
Cable Available: Yes
Elect Separate Meter: Yes
FKAA: Yes

Porch/Balcony

Screened Patio: Yes

Title

Title Ins - Buyer: Yes

Exterior Features

Chickee Hut: Yes
Tennis Court(s): Yes

Pool Info

In Ground: Yes
Concrete: Yes
Decked: Yes

Pre-Wired

Cable: Yes

Roof

Metal Roof: Yes

Property Features

Fee Includes: Bldg Exterior Mnt; Building Insurance; Cable; Common Area Mnt; Exterminating; Sewer; Water Tax Exemptions: Homestead Waterfront: Bay Front Waterview: No Waterview Dockage: Basin; Boat Ramp; Dock Privileges; First Come Dock Property Condition: Updated/Remodeled Vehicle Storage: Guest Parking; Off Street Parking; Open Parking; Trailer Storage Furnished: Negotiable Cooling: Ceiling Fans(s); Ductless Heating: Ductless Utilities: Buyer to Verify; Cable Available; Elect Separate Meter; FKAA Interior Features: Granite Counter Top; Tray Ceilings Pre-Wired: Cable Appliances: Dishwasher; Microwave; Oven; Refrigerator; Stainless Steel Appliance(s) Exterior Features: Chickee Hut; Tennis Court(s) Pool Info: In Ground; Concrete; Decked Construction: CBS; Concrete Floor: Concrete Roof: Metal Roof Pets: Pets Allowed Neighborhood Feature: Community Boat Ramp; Community Dockage; Community Pool; Manager on Premises; Tennis Courts Land Size: Less Than 1/4 Acre Terms: Cash; Conventional; Seller Finance Psble Title: Title Ins - Buyer

Listing Office: Lokation Real Estate

Last Updated: April - 24 - 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.

Search powered by FBS Products