Residential

229 Pescayo Avenue, Marathon

$2,399,000.00

Bedroom 4 bedrooms
Full Bathroom 4 full baths
Half Baths 1 half baths

  • MLS #: 619881
  • Address: 229 Pescayo Avenue, Marathon, FL 33050
  • Date Listed: 5/12/2026
  • Days on Market: 119
  • SQFT: 2040
  • Acres: 0.38
  • Restrictions: Unknown
  • Subdivision: Coco Plum Beach (54.5)

Location Location

Agent Comments Agent Comments
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.

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

Interior Features Interior Features
  • Cool System: Central Air, Ceiling Fans(s)
  • Heat System: Central
  • Floors: Tile
  • Interior: Quartz Countertops, Smoke Alarms, Split Bedroom, Storage, Window Treatments

Exterior Features Exterior Features
  • Parking: Open, Guest, Covered, Carport
  • Roof: Metal
  • Pool: Yes
  • Exterior: Lighting, Storage

Additional Features Additional Features
  • County: Monroe
  • Property Type: Single Family Residence
  • Tax Number: 2147483647
  • Waterfront Features: Canal Front
  • Water/Sewer: Elect Separate Meter, FKAA, Water Separate Meter
  • Stories: 1 Story
  • Year Built: 2023