229 Pescayo Avenue, Marathon, FL 33050

$2,399,000
Property Type: Residential Bedrooms: 4 Baths: 5 Square Footage: 2,040 Lot Size (sq. ft.): 10,907 Status: Active
Current Price: $2,399,000 List Date: 5/13/2026 Last Modified: 8/24/2026

Description

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

More Information MLS# 619881

Contract Information

Current Price: $2,399,000 Listing Date: 2026-05-12 Listing Board: Marathon/Lower Keys List Price: $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

Status Change Info

Status: Active

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

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: August - 24 - 2026
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