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: 1/16/2026

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

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

Location Tax Legal

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

Status Change Info

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

Association Info

Mandatory Home Owners Asc: No 1st Right of Refusal: No

License Info

Transient Rntl Licns: Yes

Dockage

Dock Length: 50 Dock: Concrete Seawall: Concrete

Building Style

Above Flood: Unknown Stories: 1 Story

Pool Info

Other: Chiller Heated: Yes

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: January - 16 - 2026
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.