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Sold for $1,985,000
  • $1,985,000

    488 88TH Street Ocean, Marathon, FL 33050

    6beds
    2,465sqft
    Single Family Residence
    Built in 1973
    7,405.2 Square Feet Lot
    $2,080,500 Zestimate®
    $805/sqft
    $7,042 Estimated rent

    Home value

    $2,080,500

    $1.85M - $2.35M

    $7,042/mo

    Zestimate® history
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    What's special

    Designer finishesHeated saltwater poolNew metal roofStunning open-water viewsCoastal-chic updatesWaterfront retreatFresh flooring
    Island Elegance and Open Water Access with Bonuses!Wake up to ocean breezes, endless sunshine, and the sound of gentle waves--this turn-key waterfront retreat in Marathon is your ticket to island living! Whether you're seeking a laid-back second home, a tropical full-time escape, or a vacation home that can offset expenses, this 6-bedroom, 4-bath beauty has everything you need.Set just 4 houses from open water, you'll be cruising the Atlantic in minutes from your 75-foot dock--perfect for boaters, anglers, and watersports lovers! After a day on the water, unwind in your heated saltwater pool, sip cocktails on the shaded patio, or take in the stunning open-water views from the upstairs balcony.Inside, enjoy coastal-chic updates with a new metal roof, impact windows & doors, fresh flooring, and designer finishes. The separate owner's lockout suite adds extra flexibility, and the huge garage + RV parking ensures plenty of space for all your toys.With 7-day rentals allowed, this home offers the perfect balance of relaxation and opportunity--a place to create memories and let island life work for you. Whether you're fishing at sunrise, biking to local restaurants, or watching the sunset from your private dock, this is the Keys lifestyle at its finest!

    Zillow last checked:

    Listing updated:

    Listed by:

    Caroline Hendrix 786-847-3705,

    Coldwell Banker Schmitt Islamorada

    Bought with:

    outside of mls

    Outside Of MLS

    Source: FLKMLS,MLS#: 613855MLS LogoOriginating MLS: Florida Keys

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 4
    • Full bathrooms: 4
    Cooling
    • Central Air, Ceiling Fans(s)
    Appliances
    • Included: Washer, Stainless Steel Appliance(s), Microwave, Oven, Refrigerator, Dishwasher, Dryer
    Features
    • Flooring: Vinyl
    • Doors: Impact Rstnce Doors
    • Windows: Impact Rstnce Window
    • Furnished: Yes
    Interior area
    • Total interior livable area: 2,465 sqft

    Property

    Parking
    • Parking features: Garage
    • Has garage: Yes
    Features
    • Levels: Two,Ground Level
    • Stories: 2
    • Patio & porch: Open Porch/Balcony, Deck, Patio
    • Has private pool: Yes
    • Pool features: In Ground, Salt Water
    • Has view: Yes
    • View description: Ocean, Canal
    • Has water view: Yes
    • Water view: Ocean,Canal
    • Waterfront features: Oceanfront, Canal Front, Waterfront, Seawall: Concrete, Dock: Concrete, Dock Length: 75
    Lot
    • Size: 7,405 sqft
    • Features: Less Than 1/4 Acre
    Details
    • Parcel number: 00349500000000
    • Zoning: RM
    • Zoning description: Residential Medium
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • CBS, Concrete
    • Roof: Metal
    Condition
    • Updated/Remodeled
    • New construction: No
    • Year built: 1973

    Utilities & green energy

    • Sewer: Public Sewer
    • Utilities for property: Buyer to Verify, Cable Available

    Community & neighborhood

    Location
    • Region: Marathon
    • Subdivision: Gulfstream Shore (Marathon) (52.0)

    HOA & financial

    HOA
    • Has HOA: No
    • Services included: None

    Other

    Other facts
    • Listing terms: No Seller Finance,Conventional,Cash

    Price history

    DateEventPrice
    7/15/2025Sold$1,985,000-7.6%$805/sqft
    Source: FLKMLS #613855 Report a problem
    6/24/2025Pending sale$2,149,000$872/sqft
    Source: FLKMLS #613855 Report a problem
    5/5/2025Price change$2,149,000-2.3%$872/sqft
    Source: Key West AOR #613855 Report a problem
    4/16/2025Price change$2,199,000-2.3%$892/sqft
    Source: Key West AOR #613855 Report a problem
    2/24/2025Listed for sale$2,250,000+7.1%$913/sqft
    Source: FLKMLS #613855 Report a problem
    7/20/2023Sold$2,100,000-4.5%$852/sqft
    Source: Public Record Report a problem
    6/22/2023Contingent$2,199,000$892/sqft
    Source: Key West AOR #603635 Report a problem
    5/22/2023Price change$2,199,000-7%$892/sqft
    Source: Key West AOR #603635 Report a problem
    5/13/2023Price change$2,365,000-1%$959/sqft
    Source: Key West AOR #603635 Report a problem
    4/4/2023Price change$2,390,000-2.6%$970/sqft
    Source: MLKAR #603635 Report a problem
    1/5/2023Listed for sale$2,455,000+2.7%$996/sqft
    Source: Key West AOR #603635 Report a problem
    12/31/2022Listing removed--
    Source: MLKAR Report a problem
    11/16/2022Price change$2,390,000-2.6%$970/sqft
    Source: MLKAR #600703 Report a problem
    7/22/2022Price change$2,455,000-3.7%$996/sqft
    Source: MLKAR #600703 Report a problem
    6/15/2022Price change$2,550,000-5.5%$1,034/sqft
    Source: MLKAR #600703 Report a problem
    6/5/2022Price change$2,699,000-3.6%$1,095/sqft
    Source: MLKAR #600703 Report a problem
    4/24/2022Listed for sale$2,799,000+143.4%$1,135/sqft
    Source: MLKAR #600703 Report a problem
    6/21/2021Sold$1,150,000-4.1%$467/sqft
    Source: MLKAR #595704 Report a problem
    4/19/2021Listed for sale$1,199,000+310.6%$486/sqft
    Source: MLKAR #595704 Report a problem
    11/14/1994Sold$292,000$118/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$14,571 -9%$1,642,775 -4.2%
    2024$16,011 +29%$1,715,196 +42.8%
    2023$12,414 +12.7%$1,201,496 +8%
    2022$11,015 +277.3%$1,112,781 +293.2%
    2021$2,920 +14.1%$282,997 +1.4%
    2020$2,558 $279,090 +22.5%
    2019$2,558 +24.4%$227,832 -15.8%
    2018$2,056 -14.5%$270,569 +2.1%
    2017$2,405 +2.4%$265,004 +2.1%
    2016$2,350 -0.6%$259,554 +0.7%
    2015$2,365 $257,750

    Find assessor info on the county website

    Neighborhood: 33050

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $2,080,500
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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
    $2,080,500