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New construction
  • Price cut: $50K (6/23)
    $2,450,000

    229 Pescayo Ave, Marathon, FL 33050

    4beds
    2,040sqft
    : 
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    Single Family Residence
    Built in 2023
    0.38 Acres Lot
    $2,365,400 Zestimate®
    $1,201/sqft
    $-- HOA

    What's special

    Heated poolAdditional half bathBeautiful quartz countertopsLarge covered terraceCovered entertaining areaPaver deckingTile flooring throughout
    Built in 2023 and already one of the busiest vacation rentals, this turnkey waterfront property delivers immediate income with 2026 bookings already in place. Designed from the ground up for serious boaters and guests who demand premium amenities. Every detail has been selected to drive occupancy, command top nightly rates, and minimize owner headaches. Located in popular Coco Plum, less than 10 minutes from the open water & Vaca Cut for Gulf access. 72' of deep water dockage, heated pool, paver decking, water & electric at dock with outdoor lighting, covered entertaining area, 240V EV charger, 800 sq ft storage enclosure, aluminum gate for secure vehicle access & security cameras for peace of mind. Follow the stairs up the back to the large covered terrace where you can find shelter in the shade while still enjoying the fresh salt air. Head through the double doors into the open kitchen and living area where you will find 4 master suites all with private bathrooms, tile flooring throughout, beautiful quartz countertops, tile backsplash, built in wine cooler and additional half bath. Property is being sold furnished from dishes to linens to smart tvs. Nothing to do but bring your boat and start enjoying the Keys Salt Life. Seller owns the bay bottom!
    70 days
    |
    481
    |
    38
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Kim Rabito Show 305-304-8591,

    Coldwell Banker Schmitt Real Estate Co.

    Source: FLKMLS,MLS#: 619881MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 5
      • Full bathrooms: 4
      • 1/2 bathrooms: 1
      Heating
      • Has Heating (Unspecified Type)
      Cooling
      • Central Air, Ceiling Fans(s)
      Appliances
      • Included: Washer, Dryer, Dishwasher, Refrigerator, Oven, Microwave, Disposal, Wine Cooler, Stainless Steel Appliance(s)
      Features
      • Storage, Quartz Countertops
      • Flooring: Tile
      • Furnished: Yes
      Interior area
      • Total structure area: 2,040
      • Total interior livable area: 2,040 sqft
      Video & virtual tour

      Property

      Parking
      • Parking features: Open
      • Has uncovered spaces: Yes
      Features
      • Patio & porch: Open Porch/Balcony
      • Exterior features: Lighting, Storage
      • Has private pool: Yes
      • Pool features: In Ground, Concrete, Decked
      • On waterfront: Yes
      Lot
      • Size: 0.38 Acres
      Details
      • Parcel number: 00363451000500
      • Zoning: RH - Residential High

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • CBS
      Condition
      • New Construction
      • New construction: Yes
      • Year built: 2023

      Utilities & green energy

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

      Community & HOA

      Community
      • Features: Beach, Bike Paths
      • Security: On Premises System
      • Subdivision: Coco Plum Beach (54.5)
      HOA
      • Has HOA: No
      • Services included: None
      Location
      • Region: Marathon

      Financial & listing details

      • Price per square foot: $1,201/sqft
      • Tax assessed value: $1,788,214
      • Annual tax amount: $13,262
      • Date on market: 5/13/2026

        Estimated market value

        $2,365,400

        $2.25M - $2.48M

        $5,850/mo

        Price history

        DateEventPrice
        6/23/2026Price change$2,450,000-2%$1,201/sqft
        Source: Key West AOR #619881 Report a problem
        5/13/2026Listed for sale$2,500,000$1,225/sqft
        Source: Key West AOR #619881 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$13,262 +7.1%$1,249,813 +10%
        2024$12,382 +177.3%$1,136,194 +202.6%
        2023$4,465 +16.5%$375,487 +7.1%
        2022$3,834 $350,456
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 33050

        Getting around

        4 / 100
        Car-Dependent
        28 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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