305-609-4190
59733 Paradise Pl, Marathon FL 33050
Active Mobile Home Waterfront

59733 Paradise Pl, Marathon FL 33050

Marathon, FL, 33050

$700,000

Est. $3,540/mo (20% down)

4
Beds
2
Baths
1,447
Sq Ft
1979
Year Built
Lot Sq Ft
Garage

Photo Gallery (52 photos)

About This Property

Discover an incredible waterfront investment opportunity in the heart of the Florida Keys! Located in the desirable Grassy Key area of Marathon, this property offers the perfect blend of lifestyle and investment potential. The property comes fully furnished, making it even more convenient and ready to enjoy! Just minutes from world-class fishing, boating, waterfront dining, Sombrero Beach, Curry Hammock State Park, Dolphin Research Center, and all the best attractions the Keys have to offer. Whether you're looking for a family vacation home, a high-performing Airbnb investment, or your next luxury development project, this property checks every box. Includes APPROVED PLANS for a stunning modern waterfront residence, saving you valuable time! (5 bedroom / 5 Bathroom with Pool) or purchase AS IS with no plans for $650,000. Enjoy direct ocean access from your 22-foot private dock, making it ideal for boating enthusiasts. Situated on a peaceful canal-front lot in one of the Keys' most active development areas, this is a rare chance to build a luxury home in a market with strong demand. Comparable newly built waterfront homes in the area have achieved values of $3.8 million and higher, presenting an exceptional opportunity for significant return on investment. Don't miss your chance to own a premier waterfront property with endless potential in one of Florida's most sought-after destinations.

Property Details

MLS #

A12055919

Status

Active

Property Type

Residential

Sub Type

Mobile Home

Year Built

1979

Days on Market

28

Pool

No

Waterfront

Yes

Price / Sq Ft

$484

HOA Fee

None

Est. Insurance

$233/mo

Tax Year

2026

Tax Amount

$4,610

Garage

Lot Size

MLS Area

Jg Estates

Subdivision

JG ESTATES

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Flood Zone & Insurance

Flood zone data not available for this listing. Check FEMA directly

Investment Analysis

$4,900
Est. Monthly Rent
0.6%
Cap Rate
3.1%
Cash-on-Cash
$4,305
Net Operating Income

ROI Projections (4% Annual Appreciation)

124%
5-Year ROI
Value: $851,657
271%
10-Year ROI
Value: $1,036,171
447%
15-Year ROI
Value: $1,260,660

Estimates based on area averages. Actual returns may vary. Consult a financial advisor.

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