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Sold for $3,840,000
  • $3,840,000

    360 12th St, Marathon, FL 33051

    5beds
    3,578sqft
    Single Family Residence
    Built in 1977
    0.42 Acres Lot
    $3,856,200 Zestimate®
    $1,073/sqft
    $-- Estimated rent

    Home value

    $3,856,200

    $3.43M - $4.32M

    Not available

    Zestimate® history
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    What's special

    Waterfront estateOne-car garageGenerous islandLarge bedroomTwo full lotsGenerously sized laundry roomGreat room
    A Truly Rare Waterfront Estate in Key Colony Beach — Privacy, Scale, and Turnkey Perfection Perfectly centered on two full lots, this exceptional Key Colony Beach residence offers a rare level of privacy and space paired with 165 feet of deep-water canal frontage & premier boating access. Fully renovated in 2024, the two-story home is thoughtfully designed for entertaining, guest comfort & everyday coastal living. The first floor serves as a private guest and recreation level, featuring a large bedroom & a spacious nearby full bathroom with double vanities & a separate shower and toilet room. A comfortable TV and lounge area is complemented by a bar, refrigerator, & game table, creating an ideal space for relaxing or hosting guests. This level also includes a one-car garage, a dedicated half-garage for bikes and gear, air-conditioned storage ideal for dive or fishing equipment, & a rare full-length pass-through garage connecting the front of the home directly to the waterfront, with a golf-cart-sized rear garage door providing seamless dock access. The second floor is the main living level & showcases an expansive open-concept kitchen, great room, and oversized dining area with seating for twelve. Filled with natural light, the space is equally suited for large gatherings or relaxed everyday living. The chef's kitchen features premium cabinetry, high-end appliances, and a generous island. Four additional bedrooms are located on this level each with its own en-suite bathroom. The primary suite includes a private balcony, walk-in closet, double vanity, private water closet, and spa-style shower, with a generously sized laundry room also located on this level. Outdoor living defines the property, with two boat lifts rated for 24K & 15K pounds, quick access to both the ocean and Gulf, and a completely remodeled heated saltwater pool surrounded by expansive covered and open patio areas. The east-facing rear exposure offers beautiful morning light & shaded afternoon A Truly Rare Waterfront Estate in Key Colony Beach  Privacy, Scale, and Turnkey Perfection This exceptional Key Colony Beach residence is perfectly centered on two full lots, offering an extraordinary level of privacy and space paired with 165 feet of deep-water canal frontage and premier boating access. Fully renovated in 2024, the two-story home is thoughtfully designed to balance entertaining, guest comfort, and everyday coastal living. The first floor functions as a private guest and recreation level, featuring a large bedroom and a spacious nearby full bathroom with double vanities and a separate shower and toilet room. A comfortable TV and lounge area is complemented by a bar, refrigerator, and game table, creating an ideal space for relaxing or hosting guests. The ground level also includes a one-car garage, an additional half-garage dedicated to bikes and gear, and air-conditioned storage ideal for dive equipment or fishing gear. A rare full-length pass-through garage connects the front of the home directly to the waterfront, with a golf-cart-sized rear garage door providing seamless dock accessan exceptional feature for serious anglers and boaters. The second floor serves as the main living level and showcases an expansive open-concept kitchen, great room, and oversized dining area with seating for twelve. Designed for both functionality and flow, the space is filled with natural light and is equally suited for large gatherings or relaxed everyday living. The chef's kitchen features premium cabinetry, high-end appliances, and a generous island. Four additional bedrooms are located on this level, each with its own en-suite bathroom, offering privacy and comfort for family and guests. The primary suite is a true retreat, featuring a private balcony, walk-in closet, double vanity, private water closet, and spa-style shower. A generously sized laundry room is also conveniently located on this level. Outdoor living is a defining feature of the property. The home sits on 165 feet of waterfront with two boat lifts, one rated for 24,000 pounds and the other for 15,000 pounds, providing exceptional flexibility for a range of vessels. Quick access to both the ocean and the Gulf makes this an ideal choice for avid boaters and anglers. The completely remodeled heated saltwater pool is surrounded by expansive patio areas, both covered and open, creating multiple spaces for entertaining, relaxing, or enjoying the tropical Keys lifestyle year-round. The home's orientation further enhances its appeal, offering beautiful morning light and shaded afternoons when returning from the water. Located within the highly sought-after and walkable community of Key Colony Beach, the home is surrounded by amenities including pickleball and tennis courts, a par-3 golf course, multiple parks, and a true neighborhood atmosphere rarely found in the Keys.

    Zillow last checked:

    Listing updated:

    Listed by:

    Jessica Borraccino 305-619-2648,

    Coldwell Banker Schmitt Real Estate Co.

    Bought with:

    Ally Kelley, SL3352184

    Ocean Sotheby's International

    Source: FLKMLS,MLS#: 617684MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 6
    • Full bathrooms: 5
    • 1/2 bathrooms: 1
    Cooling
    • Central Air, Ceiling Fans(s)
    Appliances
    • Included: Washer, Dryer, Dishwasher, Refrigerator, Range, Oven, Microwave
    Features
    • Storage, Walk-in Closet(s)
    Interior area
    • Total structure area: 3,578
    • Total interior livable area: 3,578 sqft

    Property

    Parking
    • Parking features: Storage
    • Has garage: Yes
    Features
    • Patio & porch: Open Porch/Balcony
    • Exterior features: Bar, Lighting, Outdoor Kitchen, Storage
    • Has private pool: Yes
    • Pool features: In Ground, Concrete
    • Fencing: Fenced
    • On waterfront: Yes
    Lot
    • Size: 0.42 Acres
    Details
    • Parcel number: 00077580000000
    • Zoning: R-1A - Key Colony Single Family

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Combo Construction
    Condition
    • Updated/Remodeled
    • New construction: No
    • Year built: 1977

    Utilities & green energy

    • Utilities for property: Elect Separate Meter

    Community & HOA

    Community
    • Features: Beach, Bike Paths
    • Security: Security Guard
    • Subdivision: Key Colony Bch 2nd Addn (53.5)
    HOA
    • Has HOA: No
    • Services included: None
    Location
    • Region: Marathon

    Financial & listing details

    • Price per square foot: $1,073/sqft
    • Tax assessed value: $2,786,460
    • Annual tax amount: $19,336
    • Date on market: 12/12/2025
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    6/23/2026Sold$3,840,000-3.9%$1,073/sqft
    Source: FLKMLS #617684 Report a problem
    6/23/2026Pending sale$3,995,000$1,117/sqft
    Source: FLKMLS #617684 Report a problem
    5/12/2026Contingent$3,995,000$1,117/sqft
    Source: MLKAR #617684 Report a problem
    3/18/2026Price change$3,995,000-9.2%$1,117/sqft
    Source: Key West AOR #617684 Report a problem
    12/12/2025Listed for sale$4,400,000+76%$1,230/sqft
    Source: Key West AOR #617684 Report a problem
    8/25/2022Sold$2,500,000-23.1%$699/sqft
    Source: FLKMLS #600863 Report a problem
    8/2/2022Pending sale$3,250,000$908/sqft
    Source: FLKMLS #600863 Report a problem
    7/21/2022Contingent$3,250,000$908/sqft
    Source: Key West AOR #600863 Report a problem
    7/19/2022Price change$3,250,000-7.1%$908/sqft
    Source: Key West AOR #600863 Report a problem
    5/4/2022Listed for sale$3,500,000+84.2%$978/sqft
    Source: Key West AOR #600863 Report a problem
    8/11/2004Sold$1,900,000$531/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$22,594 +16.8%$2,194,085 +11.2%
    2024$19,336 -13.7%$1,973,111 -13.2%
    2023$22,397 +147.6%$2,273,544 +142.8%
    2022$9,045 -1.1%$936,509 +3%
    2021$9,147 +4.9%$909,233 +1.4%
    2020$8,723 $896,680 +2.3%
    2019$8,723 +2.2%$876,521 +1.9%
    2018$8,534 +5.8%$860,178 +3.2%
    2017$8,063 +5.7%$833,182 +2.1%
    2016$7,628 -2%$816,046 +0.7%
    2015$7,783 $810,373
    Find assessor info on the county website

    Neighborhood: 33051

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $3,856,200
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $3,856,200