5301 Ocean Terrace 7, Marathon, FL 33050 (MLS# A11980651)

5301 Ocean Terrace 7, Marathon, FL 33050

$390,000
Property Type: Residential Bedrooms: 2 Baths: 1 Square Footage: 776 Status: Active
Current Price: $390,000 List Date: 3/10/2026 Last Modified: 7/23/2026

Overview

Description

Boater's paradise in the heart of Marathon ! Beautifully furnished 2 bed 1 bath waterfront condo featuring stunning canal views and the perfect Florida Keys lifestyle with a private screened terrace ideal for enjoying breezes and unforgettable sunset views.The community offers deep-water dockage accommodating vessels up to 28 ft.Residents also enjoy the heated pool,BBQ area and relaxing outdoor spaces.Located just minutes from beaches, restaurants ,shops and local attractions , this property offers excellent appeal as a vacation gataway or income producing investment as a vacation rental in one of the key's most sought after boating destinations. Seller financing may be available for qualified buyers creating an opportunity for investors or second home buyer.

Listing Details MLS# A11980651

General Property Information

Unit Floor #
Yes
Property Sub Type
Condominium
Bedrooms Total
2
Bathrooms Total
Yes
Bathrooms Full
Yes
Building Area Main
776
Living Area Main
776
Year Built
1971
Senior Community YN
No
Waterfront YN
Yes
Stories Total
2

Property Features

Application Information: 3-4 Weeks Approval Association Fee Includes: Common Areas; Insurance; Maintenance Structure Exterior Features: Barbecue Flooring: Ceramic Tile Leasing Permitted Details: Okay To Lease Property Condition: Updated/Remodeled Appliances: Microwave Architectural Style: Other Construction Materials: CBS Cooling: Wall/Window Unit(s); Other Association Type: Condominium Heating: Other Listing Terms: Conventional; FHA; Owner Will Carry; VA Loan Pets Allowed YN: Yes Possession: Negotiable Security Features: None Special Information: Sold As-Is Tax Information: Tax Reflects No Exemptions Unit Description: Garden Apartment Water View: Canal Waterfront Features: Canal Front Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent

Contract Information

Comp Sale YN
No
Original List Price
415000
Occupant Type
Call Listing Agent

Location and Legal

Country
United States
County Or Parish
Monroe
County Parish Name
Monroe
Street Number
5301
Street Name
Ocean
Street Suffix
Terrace
Unit Number
7
City Name
Marathon
State Or Province
FL
Postal Code
33050
Postal Code +4
2636
Postal Zip
33050
Subdivision Name
TRADE WINDS WEST
Area
5940 - Other Florida County
Geographic Area
Other
Elementary School
Stanley Switlik
Middle Or Junior School
Marathon
High School
Coral Shores
Special Assessment YN
No
Parcel Number
00325131000700
Flood Zone
AE

Financial Information

Association YN
Yes
Association Fee
850
Association Fee Frequency
Monthly
Application Required YN
Yes
Estimated Monthly Assoc Recurring Fee
850
Membership Fee Required YN
No
Tax Annual Amount
4035
Tax Year
2025
Tax Legal Description
APARTMENT NO 7 TRADE WINDS WEST CONDOMINIUM INC OR562-71 OR837-357 OR837-358 OR872-1266 OR874-817 OR872-1266 OR1498-76 OR1815-660 OR1861-206

Status Change Information

Major Change Timestamp
2026-07-23T12:42:30Z
Major Change Type
Price Reduced
Price Change Timestamp
2026-07-23T12:42:30Z
Status Change Date
2026-03-10

More Information

Application Fee Details

Application Fee Required
Yes
Application Fee
100

Entry Information

Entry Level
Yes

Leasing Permitted Details

Leasing Permitted YN
Yes

Parking Information

Open Parking Spaces
Yes

Boat and Dock Information

Dock
Available

Leasing Restrictions

Leasing - Max Times Per Year
2
Leasing - Minimum Number of Days
30

Price Calculations

Current Price To SqFt
502.57

Section Details

Parcel Number MLX
Yes

Originating Details

Originating System Key
438996414
Originating System ID
M00000151
IDX
Listing Office: Realty One Group Evolution
Last Updated: July - 23 - 2026
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