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$2,399,000
229 Pescayo Avenue
Marathon, FL 33050
MLS# 619881
4 beds  |  5 baths  |  2040 sqft


LESS THAN 10 MINUTES TO OPEN OCEAN AND VACA CUT
  1 / 35  
LESS THAN 10 MINUTES TO OPEN OCEAN AND VACA CUT SPACIOUS, BUILT FOR ENTERTAINING GORGEOUS TILE BACKSPLASH LARGE ISLAND QUARTZ COUNTER TOPS OPEN INVITING KITCHEN KITCHEN LIVING ROOM LIVING ROOM LIVING ROOM SPACIOUS BEDROOMS BED 1 TWO MASTERS HAVE A PRIVATE ENTRANCE OFF BACK PATIO HALF BATH OFF LIVING ROOM AND KITCHEN FULL TILE SHOWERS WITH GLASS SHOWER ENCLOSURES BATH 1 ANOTHER MASTER WITH PRIVATE ENTRANCE OFF BALCONY BED2 BATH2 BATH2 BED3 BED3 BATH3 BATH3 BED4 BATH4 WASHER & DRYER BEAUTIFUL POOL HEATED FOR WINTER SWIMMING COVERED DINING AREA FOR GRILLING OUTDOOR FRIDGE, ICE MAKER AND BAIT FREEZER COVERED, GATED PARKING WITH EV CHARGER THE ISLAND OF COCO PLUM DEEP WATER DOCKAGE STRAIGHT TO OCEAN LESS THAN 10 MINUTES 2023 CBS CONSTRUCTION HIGH IMPACT WINDOWS DOORS METAL ROOF TURF FOR YARD GAMES AND SUN BATHING

Property Description
Looking for the best of both worlds? Enjoy your vacation home and let it pay for its self when your not. Since January 2024, 229 Pescayo has hosted 113 stays across 860 guest nights and generated $512,831 in accommodation revenue. An incredible 88% occupancy rate 4.96 / 5.0 guest rating Fully furnished, income-generating from day one -- zero ramp-up period This isn't a fixer-upper with 'potential.' It's a proven, cash-flowing short-term rental with the reviews, occupancy, and forward bookings to prove it -- built in 2023 and already established as one of the area's busiest vacation rentals. Why It Performs: Every finish was chosen to drive nightly rate and occupancy, not just curb appeal. Boaters and premium-amenity guests are the target market, and the property is built to convert them into repeat bookings: 72' of deep-water dockage, water & electric at dock, outdoor lighting Less than 10 minutes to open water & Vaca Cut for Gulf access Heated pool with paver decking Covered entertaining area + large covered upper terrace for shaded, salt-air living 240V EV charger 800 sq ft storage enclosure Aluminum gated vehicle access + security cameras The Property: Double doors open into an open-concept kitchen and living space -- quartz countertops, tile backsplash, built-in wine cooler, and tile flooring throughout. Four master suites, each with a private bath, plus an additional half bath for guests. Sold fully furnished -- dishes, linens, smart TVs, all of it. Bottom Line: No lease-up, no renovation, no guesswork on rates. Bring your boat -- the income is already running.

Details
Maps
Documents
Contract Information
Current Price: $2,399,000
Listing Date: 2026-05-12
Listing Board: Marathon/Lower Keys
Monthly Rent: $2,399,000
Location, Tax & Legal
Street #: 229
Street Name: Pescayo
Street Suffix: Avenue
Key/Island: Marathon
State/Province: FL
Zip Code: 33050
County: Monroe
Subdivision: Coco Plum Beach (54.5)
Area: 18 - East of Holiday Inn US #1 & Coco Plum
General Property Description
Realtor.COM Type: Residential - Single Family
Style: Single Family
Waterfront: Yes
Control Depth: 6
Pool: Yes
Year Built: 2023
Lot Size: X
Lot SqFt: 10907
Lot Sqft Source: Property Data Card
Acres: 0.38
Living Apx SqFt: 2040
SqFt Source: Property Data Card
Total Bedrooms: 4
Full Baths: 4
Half Baths: 1
Total Baths: 5
Rentals Allowed: Yes
Min Rental Days: 7
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
License Info
# of City License: 1
Dockage
Dock Length: 72
Dock: Composite
Building Style
Above Flood: Yes
# Stories: 1 Story
Pool Info
Heated: Yes
Status Change Info
Status: Active
Property Features
Fee Includes: None
Tax Exemptions: None
Waterfront: Canal Front
Waterview: Canal View
Property Condition: New Construction
Vehicle Storage: Carport; Covered Parking; Guest Parking; Open Parking
Furnished: Furnished
Cooling: Ceiling Fans(s); Central Air
Heating: Central
Utilities: Elect Separate Meter; FKAA; Water Separate Meter
Interior Features: Quartz Countertops; Smoke Alarms; Split Bedroom; Storage; Window Treatments
Appliances: Dishwasher; Disposal; Dryer; Microwave; Oven; Refrigerator; Stainless Steel Appliance(s); Washer; Wine Cooler
Exterior Features: Lighting; Storage
Pool Info: In Ground; Concrete; Decked
Construction: CBS
Floor: Tile
Roof: Metal Roof
Pets: Pets Allowed
Neighborhood Feature: Beach; Bike Paths
Security: On Premises System
Land Size: Less Than 1/4 Acre

Listing Office: Coldwell Banker Schmitt Real Estate Co.

Last Updated: September - 06 - 2026

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