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Sold for $1,050,000
  • $1,050,000

    11600 1st Ave Gulf #47, Marathon, FL 33050

    3beds
    1,600sqft
    Townhouse
    Built in 2006
    1,306 Square Feet Lot
    $1,064,000 Zestimate®
    $656/sqft
    $3,626 Estimated rent

    Home value

    $1,064,000

    $926,000 - $1.22M

    $3,626/mo

    Zestimate® history
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    What's special

    TURNKEY Indigo Reef villa is now available! This 3-bedroom, 2.5-bathroom townhome is a boaters dream and income-earning gem. The highly desired Indigo Reef complex offers resort-like amenities for homeowners and guests. This private, gated community is conveniently located minutes from the heart of Marathon, while peacefully tucked away on 10+ acres along the water's edge. The community features a spacious, heated pool with comfortable lounge chairs, an ice machine, kayak storage, a professional-grade gym, plus ample owner storage in the temperature-controlled HOA building — perfect for bikes and fishing gear. Villa 47 stands out amongst the rest, offering breathtaking open-water views, vaulted ceilings, and a spacious open-concept downstairs living space. Throw open the French doors to expand your entertaining space further and unwind in the shade of the covered porch, overlooking manicured grounds and open water. Upstairs, you'll find a well-thought design with 3 bedrooms, 2 bathrooms, and laundry. Each bedroom features balcony access with the 2nd and 3rd bedrooms opening to the front balcony. The primary ensuite opens to the private, upper back deck overlooking the Gulf, where you can soak up the sun, relish the sunset views, or spend your nights stargazing. This home comes with an assigned covered parking space steps from the front entrance. Off the back porch, you'll find some of the best boating and fishing in the world. The 31' deeded boat slip is protected by mangroves while the deep-water channel is easy to maneuver and allows quick access to the Gulf and ocean via Vaca Cut. Fully furnished and currently a successful weekly vacation rental, the new owner can start earning income immediately with bookings in place through next spring. This home is a must-see! Call today to schedule your showing!

    Zillow last checked:

    Listing updated:

    Listed by:

    Sarah Eckert 772-501-6576,

    Coldwell Banker Schmitt Real Estate Co. (KW)

    Bought with:

    outside of mls

    Outside Of MLS

    Source: FLKMLS,MLS#: 613988MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 2
    • 1/2 bathrooms: 1
    Cooling
    • Central Air, Ceiling Fans(s)
    Appliances
    • Included: Washer, Dryer, Dishwasher, Refrigerator, Range, Oven, Microwave, Disposal, Stainless Steel Appliance(s)
    Features
    • Built-in Features, Granite Counters, Storage
    • Flooring: Tile
    • Furnished: Yes
    Interior area
    • Total structure area: 1,600
    • Total interior livable area: 1,600 sqft

    Property

    Features
    • Patio & porch: Open Porch/Balcony, Deck, Patio
    • Has private pool: Yes
    • Pool features: In Ground, Concrete
    • On waterfront: Yes
    Lot
    • Size: 1,306 Square Feet
    Details
    • Additional parcels included: 00104180-002070
    • Parcel number: 00104180001470
    • Zoning: RM - Residential Medium

    Construction

    Type & style
    • Home type: Townhouse
    • Architectural style: Townhouse
    • Property subtype: Townhouse
    Materials
    • Frame, Hardi Board Siding
    Condition
    • Year built: 2006

    Utilities & green energy

    • Utilities for property: Water Separate Meter, Elect Separate Meter

    Community & HOA

    Community
    • Security: Security Gate
    • Subdivision: Indigo Reef Marina Homes (52.5)
    HOA
    • Has HOA: Yes
    • Services included: Common Area Mnt
    • HOA fee: $1,100 monthly
    Location
    • Region: Marathon

    Financial & listing details

    • Price per square foot: $656/sqft
    • Tax assessed value: $886,581
    • Annual tax amount: $7,355
    • Date on market: 3/4/2025

    Price history

    DateEventPrice
    12/22/2025Sold$1,050,000-8.7%$656/sqft
    Source: FLKMLS #613988 Report a problem
    12/22/2025Pending sale$1,150,000$719/sqft
    Source: FLKMLS #613988 Report a problem
    10/2/2025Contingent$1,150,000$719/sqft
    Source: Key West AOR #613988 Report a problem
    7/21/2025Price change$1,150,000-4.2%$719/sqft
    Source: FLKMLS #613988 Report a problem
    3/4/2025Listed for sale$1,200,000-4%$750/sqft
    Source: FLKMLS #613988 Report a problem
    2/16/2025Listing removed$1,250,000$781/sqft
    Source: FLKMLS #612217 Report a problem
    11/11/2024Listed for sale$1,250,000-6.4%$781/sqft
    Source: MLKAR #612217 Report a problem
    2/8/2024Listing removed--
    Source: FLKMLS #605987 Report a problem
    10/26/2023Price change$1,335,000-2.9%$834/sqft
    Source: FLKMLS #605987 Report a problem
    7/16/2023Listed for sale$1,375,000+25%$859/sqft
    Source: FLKMLS #605987 Report a problem
    10/10/2007Sold$1,100,000-15.1%$688/sqft
    Source: Public Record Report a problem
    8/25/2006Sold$1,295,000$809/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$7,441 +1.2%$751,290 +10%
    2024$7,356 +3.1%$682,991 +10%
    2023$7,134 +13.2%$620,901 +10%
    2022$6,304 +12.4%$564,455 +10%
    2021$5,608 +1.5%$513,141 -0.1%
    2020$5,528 $513,529 -4.9%
    2019$5,528 -4.5%$539,884 -0.5%
    2018$5,787 +3.2%$542,471 -7.8%
    2017$5,609 -7.3%$588,606 +9.7%
    2016$6,049 +11.8%$536,684 +14.8%
    2015$5,411 $467,627
    Find assessor info on the county website

    Neighborhood: 33050

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,064,000
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,064,000