What a lovely island escape! This updated and oh-so-charming Marathon bungalow is ideally located near everything that makes the Florida Keys magical—world-class diving and fishing, scenic kayak trails, pristine state parks, gorgeous beaches, and, of course, legendary tiki bars.
Designed for easy living from Day 1, this solid concrete home features newer roof, windows, and AC units, plus a beautifully renovated kitchen and bath, a spa, and the convenience of onsite laundry. Fully furnished and completely turnkey, it's an active vacation rental with glowing reviews—giving you the flexibility to enjoy it yourself or let it generate income effortlessly.
Whether you're looking for a laid-back island retreat or a savvy investment, this low-maintenance property is ready to welcome you to island life!
Buyer to verify all information.
Sold for $539,900
$539,900
587 116th St, Marathon, FL 33050
2beds
832sqft
Single Family Residence
Built in 1969
2,613 Square Feet Lot
$532,700 Zestimate®
$649/sqft
$2,658 Estimated rent
Home value
$532,700
$469,000 - $602,000
$2,658/mo
Zestimate® history
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$3,338/mo
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Beautifully renovated kitchenConvenience of onsite laundryNewer roof
Zillow last checked:
Listing updated:
Listed by:
Erin Kiel,
Better Homes and Gardens Real Estate Destinations,
Jaclyn Kelley, Broker 305-923-1042,
Better Homes and Gardens Real Estate Destinations
Bought with:
Lela Ashkarian, 622790
Coldwell Banker Schmitt Real Estate Co.
Source: FLKMLS,MLS#: 613835
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Has Heating (Unspecified Type)
Cooling
- Ductless
Appliances
- Included: Washer, Dryer, Dishwasher, Refrigerator, Range, Oven, Microwave, Stainless Steel Appliance(s)
- Laundry: Laundry Room
Features
- Storage, Walk-in Closet(s)
- Flooring: Tile, Combination
Interior area
- Total structure area: 832
- Total interior livable area: 832 sqft
Property
Features
- Levels: Ground Level
- Patio & porch: Patio
- Has spa: Yes
- Spa features: Heated
Lot
- Size: 2,613 Square Feet
Details
- Additional structures: Shed(s)
- Parcel number: 00345860000000
- Zoning: RM - Residential Medium
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- CBS
Condition
- Year built: 1969
Utilities & green energy
- Utilities for property: Cable Available
Community & HOA
Community
- Subdivision: Little Venice (53.0)
HOA
- Has HOA: No
- Services included: None
Location
- Region: Marathon
Financial & listing details
- Price per square foot: $649/sqft
- Tax assessed value: $417,757
- Annual tax amount: $4,571
- Date on market: 2/22/2025
- Listing terms: No Seller Finance,Cash,Conventional,FHA
Price history
| Date | Event | Price |
|---|---|---|
| 4/28/2025 | Sold | $539,900$649/sqft |
Source:  FLKMLS #613835 Report a problem | ||
| 4/26/2025 | Pending sale | $539,900$649/sqft |
Source: FLKMLS #613835 Report a problem | ||
| 4/15/2025 | Contingent | $539,900$649/sqft |
Source: FLKMLS #613835 Report a problem | ||
| 2/22/2025 | Listed for sale | $539,900+15.1%$649/sqft |
Source: FLKMLS #613835 Report a problem | ||
| 4/27/2022 | Sold | $469,000-2.1%$564/sqft |
Source: FLKMLS #600101 Report a problem | ||
| 4/23/2022 | Pending sale | $479,000$576/sqft |
Source: FLKMLS #600101 Report a problem | ||
| 3/25/2022 | Contingent | $479,000$576/sqft |
Source: FLKMLS #600101 Report a problem | ||
| 3/23/2022 | Listed for sale | $479,000-2%$576/sqft |
Source: FLKMLS #600101 Report a problem | ||
| 3/16/2022 | Contingent | $489,000$588/sqft |
Source: FLKMLS #600101 Report a problem | ||
| 3/13/2022 | Listed for sale | $489,000+16.4%$588/sqft |
Source:  MLKAR #600101 Report a problem | ||
| 12/14/2021 | Listing removed | -- |
Source: FLKMLS #598789 Report a problem | ||
| 12/11/2021 | Listed for sale | $420,000+18.3%$505/sqft |
Source:  Key West AOR #598789 Report a problem | ||
| 8/4/2021 | Sold | $355,000-6.2%$427/sqft |
Source: Public Record Report a problem | ||
| 6/9/2021 | Pending sale | $378,500$455/sqft |
Source: Owner Report a problem | ||
| 6/1/2021 | Price change | $378,500+2.4%$455/sqft |
Source: Owner Report a problem | ||
| 5/2/2021 | Price change | $369,500+1.3%$444/sqft |
Source: Owner Report a problem | ||
| 12/28/2020 | Price change | $364,900-2.7%$439/sqft |
Source: Owner Report a problem | ||
| 11/6/2020 | Listed for sale | $374,900$451/sqft |
Source: Owner Report a problem | ||
| 10/28/2020 | Pending sale | $374,900$451/sqft |
Source: Owner Report a problem | ||
| 10/12/2020 | Price change | $374,900+2.7%$451/sqft |
Source: Owner Report a problem | ||
| 4/14/2020 | Price change | $365,000+4.6%$439/sqft |
Source: Owner Report a problem | ||
| 9/16/2019 | Listed for sale | $349,000-10.5%$419/sqft |
Source: Coldwell Banker Schmitt Real Estate Co. #587318 Report a problem | ||
| 9/1/2019 | Listing removed | $389,900$469/sqft |
Source: Owner Report a problem | ||
| 6/14/2019 | Price change | $389,9000%$469/sqft |
Source: Owner Report a problem | ||
| 5/30/2019 | Listed for sale | $389,950+41.8%$469/sqft |
Source: Owner Report a problem | ||
| 1/24/2005 | Sold | $275,000+66.7%$331/sqft |
Source: Public Record Report a problem | ||
| 6/4/2003 | Sold | $165,000+47.3%$198/sqft |
Source: Public Record Report a problem | ||
| 6/17/1999 | Sold | $112,000$135/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,225 -7.6% | $417,757 -4.2% |
| 2024 | $4,571 +5.6% | $436,275 +7.3% |
| 2023 | $4,328 +28.4% | $406,512 +19.3% |
| 2022 | $3,371 +136.7% | $340,835 +238.8% |
| 2021 | $1,424 +1.8% | $100,587 +1.4% |
| 2020 | $1,399 | $99,199 +2.3% |
| 2019 | $1,399 +1.9% | $96,968 +1.9% |
| 2018 | $1,372 +3.1% | $95,160 +2.1% |
| 2017 | $1,331 +1.9% | $93,203 +2.1% |
| 2016 | $1,306 +0.2% | $91,286 +0.7% |
| 2015 | $1,304 | $90,651 |
Find assessor info on the county website
Neighborhood: 33050
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Nearby schools
GreatSchools rating
- 5/10Stanley Switlik Elementary SchoolGrades: PK-5Distance: 4.1 mi
- 5/10Marathon SchoolGrades: 6-12Distance: 3.4 mi
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Estimated market value
$532,700
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
$532,700
- Florida
- Monroe County
- Marathon
- 33050
- 587 116th St
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