949 24th Street Ocean, Marathon, FL 33050

$1,699,000
Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 1,368 Lot Size (sq. ft.): 3,850 Status: Closed
Current Price: $1,699,000 List Date: 6/19/2025 Last Modified: 7/23/2025

Description

Brand-New Waterfront Vacation Rental with $160K in Booked 2025 Revenue! Fully Furnished & Turn-Key. Slack Tide Cove is a stunning, income-producing waterfront home in Marathon, Florida. Completed in 2024, this CBS concrete new construction features high-quality finishes, custom steelwork, and organic modern coastal design. The property is fully furnished and turn-key, actively operating as a vacation rental with $160,000 in gross rental income already on the books for 2025. The 3-bedroom, 2.5-bath layout offers open, sunlit living spaces and seamless indoor-outdoor flow. Enjoy unobstructed water views with no neighbors across the canal, a brand-new 50 ft. concrete dock, and new seawall with underwater dock lights, and completed with a heated or chilled pool. Ocean lovers will appreciate the direct access to the Atlantic and easy boating to the Gulf via the iconic 7 Mile Bridge. Custom fence material is included. Buyer to complete installation and grade beam at their cost. Shipping cost to be negotiated between parties. No permit has been opened for this project so there is no delay in closing! Whether you're looking for a luxury Keys escape, a high-performing investment property, or both, Slack Tide Cove is your perfect piece of paradise.

More Information MLS# 615489

Contract Information

Listing Board: Marathon/Lower Keys As is Rght to Inspct: Yes Species List: No Current Price: $1,699,000 Listing Date: 2025-06-18 Sold Price: $1,699,000

Location, Tax & Legal

City: MARATHON Mile Marker: 49.5 Marathon Neighborhood: Old Town East (25th to Sombrero) Side: Ocean Flood Zone: AE Alternate Key #: NA Parcel #: 00102220-000000 Zoning: RM - Residential Medium Deed Restrictions: Unknown Legal: 9/16 66 32 KEY VACCAS FILLED BAY BTM SOUTH & ADJ LOT 10 BLK 1 SOMBRERO SUBD NO 2 OR142-1601 OR1261-2160 OR1293-1072 OR1 Taxes: 2589.4 Tax Year: 2024 Pub Sewer HkUp: Yes Street #: 949 Street Name: 24th Street Ocean Key/Island: Marathon State/Province: FL Zip Code: 33050 County: Monroe Subdivision: Vaca Village (49.5) Area: 13 - 7 Mile Bridge to Sombrero Bch Rd E & W

General Property Description

Realtor.COM Type: Residential - Single Family Waterfront: Yes Control Depth: 3 Lot SqFt: 3850 Pool: Yes Lot Sqft Source: Property Data Card SqFt Source: Property Data Card Rentals Allowed: Yes Min Rental Days: 7 Style: Single Family Year Built: 2024 Living Apx SqFt: 1368 Total Bedrooms: 3 Full Baths: 2 Half Baths: 1 Total Baths: 3

Remarks & Misc

Remarks – Consumer: Brand-New Waterfront Vacation Rental with $160K in Booked 2025 Revenue! Fully Furnished & Turn-Key. Slack Tide Cove is a stunning, income-producing waterfront home in Marathon, Florida. Completed in 2024, this CBS concrete new construction features high-quality finishes, custom steelwork, and organic modern coastal design. The property is fully furnished and turn-key, actively operating as a vacation rental with $160,000 in gross rental income already on the books for 2025. The 3-bedroom, 2.5-bath layout offers open, sunlit living spaces and seamless indoor-outdoor flow. Enjoy unobstructed water views with no neighbors across the canal, a brand-new 50 ft. concrete dock, and new seawall with underwater dock lights, and completed with a heated or chilled pool. Ocean lovers will appreciate the direct access to the Atlantic and easy boating to the Gulf via the iconic 7 Mile Bridge. Custom fence material is included. Buyer to complete installation and grade beam at their cost. Shipping cost to be negotiated between parties. No permit has been opened for this project so there is no delay in closing! Whether you're looking for a luxury Keys escape, a high-performing investment property, or both, Slack Tide Cove is your perfect piece of paradise. Directions: Take US-1 to 24th Street Ocean in Marathon.

Association Info

Mandatory Home Owners Asc: No 1st Right of Refusal: No Association Fee $: 0

License Info

Transient Rntl Licns: Yes

Fee Includes

None: 1

Dockage

Dock Length: 50 Dock: Concrete Seawall: Concrete

Tax Exemptions

None: 1

Appliances

Dishwasher: 1 Dryer: 1 Microwave: 1 Oven: 1 Range: 1 Refrigerator: 1 Stainless Steel Appliance(s): 1 Washer: 1

Pets

Pets Allowed: 1

Cooling

Central Air: 1

Waterfront

Canal Front: 1

Waterview

Canal View: 1 Harbor/Marina View: 1 Ocean View: 1

Floor

Tile: 1

Interior Features

Pantry: 1 Smoke Alarms: 1

Property Condition

New Construction: 1

Building Style

Above Flood: Unknown Stories: 1 Story

Windows/Doors

Impact Rstnce Doors: 1 Impact Rstnce Window: 1

Construction

CBS: 1 Concrete: 1

Land Size

Less Than 1/4 Acre: 1

Furnished

Furnished: 1

Terms

Cash: 1 Conventional: 1 FHA: 1

Utilities

Buyer to Verify: 1 Elect Separate Meter: 1 FKAA: 1

Porch/Balcony

Open Porch/Balcony: 1 Patio: 1

Exterior Features

Fencing: 1 Lighting: 1

Pool Info

In Ground: 1 Other: Chiller Heated: Yes Concrete: 1

Roof

Metal Roof: 1

Status Change Info

Sold Date: 2025-07-23 Sold Price: $1,699,000 Status: Closed

Property Features

Fee Includes: None Tax Exemptions: None Waterfront: Canal Front Waterview: Canal View; Harbor/Marina View; Ocean View Property Condition: New Construction Furnished: Furnished Cooling: Central Air Utilities: Buyer to Verify; Elect Separate Meter; FKAA Interior Features: Pantry; Smoke Alarms Appliances: Dishwasher; Dryer; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer Exterior Features: Fencing; Lighting Pool Info: In Ground; Concrete Construction: CBS; Concrete Floor: Tile Roof: Metal Roof Pets: Pets Allowed Land Size: Less Than 1/4 Acre Terms: Cash; Conventional; FHA
Listing Office: Engel & Völkers Marathon
Last Updated: July - 23 - 2025
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