229 Pescayo AVE, Marathon, FL 33050
229 Pescayo AVE, Marathon, FL 33050
229 Pescayo AVE, Marathon, FL 33050
229 Pescayo AVE, Marathon, FL 33050
229 Pescayo AVE, Marathon, FL 33050
229 Pescayo AVE, Marathon, FL 33050
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Listed by Kim Rabito Show Coldwell Banker Schmitt Real Estate Co.
$ 2,399,000
Est. payment | /mo

4 Beds

5 Baths

2,040 SqFt


$ 2,399,000
Est. payment | /mo

4 Beds

5 Baths

2,040 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,040 sqft

Price per Sqft $1,175

Subdivision Coco Plum Beach (54.5)

MLS Listing ID 619881

Style Above Flood

Bedrooms 4

Full Baths 4

Half Baths 1

HOA Y/N No

Year Built 2023

Annual Tax Amount $13,262

Tax Year 2025

Lot Size 0.250 Acres

Acres 0.38

Lot Dimensions X

Property Sub-Type Single Family Residence

Land Area 2040

Property Description

The numbers: Since January 2024, 229 Pescayo has hosted 113 stays across 860 guest nights and generated $512,831 in accommodation revenue.

$66K+ in confirmed bookings already on the books -- $37,703 booked for 2026, plus 2027 reservations already secured
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.

Location

State FL

County Monroe

Community Bike Paths, Beach

Area 18 - East Of Holiday Inn Us #1 & Coco Plum

Zoning RH - Residential High

Interior

Interior Features Quartz Countertops, Smoke Alarms, Split Bedroom, Storage, Window Treatments

Heating Central

Cooling Central Air, Ceiling Fans(s)

Flooring Tile

Furnishings Furnished

Window Features Impact Rstnce Doors,Impact Rstnce Window

Appliance Dryer, Washer, Dishwasher, Disposal, Microwave, Oven, Wine Cooler, Stainless Steel Appliance(s), Refrigerator

Exterior

Exterior Feature Storage, Lighting

Parking Features Open, Guest, Covered, Carport

Pool Concrete, Heated, In Ground, Decked

Community Features Bike Paths, Beach

Utilities Available Electric Separate Meter, FKAA, Water Separate Meter

Waterfront Description Canal Front

Roof Type Metal Roof

Porch Open Porch/Balcony

Garage No

Building

Architectural Style Above Flood

New Construction Yes

Others

HOA Fee Include None

Tax ID 00363451000500

Security Features On Premises System

Pets Allowed Yes

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229 Pescayo AVE