Marathon Homes under $500,000

Marathon Homes under $500,000

Welcome to Marathon, Florida – the jewel of the Florida Keys! Nestled in Monroe County, this vibrant city is renowned for its stunning landscapes, crystal-clear waters, and laid-back island lifestyle. Whether you're looking for a vacation getaway or a permanent residence, Marathon offers a unique blend of natural beauty and community charm.

One of the most appealing aspects of Marathon is its diverse real estate market, with a range of homes available for under $500,000. From cozy waterfront cottages to charming single-family homes, there’s something to suit every taste and budget. Imagine waking up to the gentle sound of waves lapping against the shore, or enjoying a sunset on your own private deck – this could be your daily reality!

Marathon is not just about beautiful homes; it’s also a haven for outdoor enthusiasts. With an abundance of parks, beaches, and marine life, residents can indulge in activities such as fishing, snorkeling, and kayaking. The nearby Sombrero Beach and the iconic Seven Mile Bridge are just a few highlights that make this area a paradise for nature lovers.

The community spirit in Marathon is palpable, with friendly neighbors and local events that bring everyone together. From farmer’s markets to art festivals, there’s always something happening in this lively city.

Whether you're drawn by the stunning scenery, the welcoming community, or the opportunity to own a piece of paradise at an affordable price, Marathon is a place where dreams of island living can come true. Discover your perfect home in this enchanting city today!

Newest Marathon Homes under $500,000

15 Sombrero Blvd Unit 212W, Marathon
$465,000
2 Beds ⋅ 2 Baths ⋅ 621392 MLS
Discover your perfect Florida Keys getaway at 15 Sombrero Blvd, Unit 212 in Marathon! This beautifully updated 2-bedroom, 2-bath condo comes fully furnished with brand-new furnishings, offering a stylish, turnkey retreat ready for you to enjoy from day one. Located in Marathon Country Club Condominium, this inviting unit is just blocks from Sombrero Beach, with convenient access by bike or on foot. Boaters will appreciate the rare opportunity for dockage accommodating boats up to 25 feet with no waiting list,along with quick access to both the ocean and Gulf via a wide, deep canal. Enjoy the community pool and relaxed, resort-style atmosphere while being just minutes from Marathon's shopping, dining, and endless Keys adventures. Whether you're looking for a turnkey vacation escape, a full-time residence, or a place to enjoy the best of the Florida Keys, this fully furnished condo delivers comfort, convenience, and location. Bring your suitcase and start enjoying the Keys--this one is ready for you! Schedule your private showing today.

15 Sombrero Blvd Unit 212W, Marathon
1297 73rd St Unit Ocean, Marathon
$479,000
2 Beds ⋅ 1 Baths ⋅ 621223 MLS
Ocean views - what a gem! This elevated two-bedroom half-duplex offers tons of natural light and peaceful peek-a-boo ocean views from the living area, front porch and fabulous 240sf covered deck. Second in from the ocean on a quiet dead-end street, here's a rare opportunity to buy in a sought-after Middle Keys location at this price with a lot of bang for the buck. Light, bright and neat, this home features a very private low-maintenance yard with room for a pool and your Keys toys, a metal roof, an open floorplan, and no HOA. An opportunity for superb location, price and peek-a-boo ocean views seldom presents itself, so don't wait. Live here and relish in the sunny and laidback Keys lifestyle or rent it out and generate income. Seven-day-minimum rentals are permitted. Popular location near beaches, boat ramps, shopping and activities. FaceTime TOURS ARE AVAILABLE FOR QUALIFIED BUYERS.

1297 73rd St Unit Ocean, Marathon
2000 Coco Plum Dr Unit 503, Marathon
$445,000
1 Beds ⋅ 2 Baths ⋅ 621214 MLS
Bonefish Towers located on Coco Plum is all about the water views. This beautifully updated 1 Bedroom, 1.5 Bathroom 5th floor condo has been totally renovated only a few years ago and will be sold furnished. Elegant entrance, lobby, and entertainment areas. Relax by the heated pool, workout in the gym, enjoy the sauna, socialize on the pier, fish from the dock, and play on the tennis court. Bonefish Towers is a complex that has something for everyone. The property has onsite management, and security. If you are looking for a fine level of living, great amenities, and water views then this condominium complex just may be the one for you.

2000 Coco Plum Dr Unit 503, Marathon
2000 Coco Plum Dr Unit 302, Marathon
$379,000
1 Beds ⋅ 2 Baths ⋅ 621184 MLS
Perched above the shimmering Coco Plum Channel, this beautifully reimagined one bedroom, one- and-a-half bath residence at Bonefish Towers offers ocean views from every window -- a rare opportunity to own in one of Coco Plum 's most coveted addresses. Thoughtfully renovated throughout, the residence showcases a crisp, coastal-inspired aesthetic complemented by raised ceilings in the master bath, kitchen, and foyer. Every detail has been elevated, from the brand-new impact windows and sliding glass doors to the updated air conditioning, kitchen, flooring, electric blinds and so much more. This home is being offered furnished. As one of only thirteen residences in the building with two balconies, it offers an exceptional setting for indoor-outdoor living and unobstructed water views. Resort amenities in the community include a heating swimming pool, update fitness center, tennis/pickleball court, waterfront tiki hut/fishing station, waterfront BBQ area, 24 hour security and plenty of parking. The building is in great shape with two new elevators, a new roof and new exterior paint.

2000 Coco Plum Dr Unit 302, Marathon
105 Ave D Unit APT 113, Marathon
$409,999
1 Beds ⋅ 1 Baths ⋅ 621165 MLS
This beautifully updated one-bedroom, one-bath condo sits on a 200-foot-wide canal with 4-foot control depth and an assigned boat slip which is number 32- second from boat ramp and measures approximately 16+ wide by 46+ long. No bridges between you and open water. When you step inside, you are greeted by fresh color palette, quartz countertops, stainless appliances, new flooring, and a walk-in closet. This is truly a move-in-ready retreat. Step onto the balcony for harbor views and sunsets that don't get old. Licensed for weekly rentals (7-night minimum, annual renewal inspection required), this unit comes with a proven rental history and repeat guests -- real, healthy income, on file. Coco Plum Terraces itself is well run, with strong HOA financials and reserves behind it, offering a heated pool, tiki hut, tennis court, boat ramp, and trailer parking. All financing terms considered. Steps from Coco Plum Beach and minutes from Marathon's local favorites like Sparkys landing restaurant, marinas, and the airport for easy in-and-out access. This stretch of Marathon still holds that quiet, unhurried Keys feel.

105 Ave D Unit APT 113, Marathon
389 N Anglers Dr Unit 206, Marathon
$469,000
2 Beds ⋅ 2 Baths ⋅ 621093 MLS
Waterfront living with designated dockage at a price point that's increasingly hard to find in the Florida Keys. Welcome to Coral Club, ideally located in Marathon's highly desirable Sombrero Beach neighborhood. This spacious 2-bedroom, 2-bath condominium offers an open floor plan, a versatile bonus room perfect for an office or additional guest space, and a private balcony overlooking the canal. Start your mornings with coffee by the water, watch marine life pass by, and enjoy having your boat just steps from home with the opportunity for a designated dock slip, a standout feature in this price range. When you're not out on the water, Sombrero Beach is just a short walk or bike ride away, while grocery stores, restaurants, and the conveniences of Marathon are all nearby. Coral Club offers a heated swimming pool, clubhouse with full kitchen, tiki hut, and private storage room for fishing rods, bikes, beach gear, and all the toys that come with Keys living. Whether you're searching for a full-time residence, weekend escape, or investment property, this is an opportunity to enjoy the best of the Florida Keys lifestyle - waterfront living, dockage, pool, Sombrero Beach, and resort-style amenities all in one location.

389 N Anglers Dr Unit 206, Marathon
1115 Sombrero Blvd Unit 102B, Marathon
$479,000
2 Beds ⋅ 2 Baths ⋅ 620582 MLS
Curated for those seeking the ideal waterfront retreat with the opportunity to make it their own, Spanish Galleon awaits. Waterfront two bedroom, two bathroom ground level condo with just over 1,000 square feet and no stairs to climb. Assignable dockage for a maximum 30-foot LOA vessel, for only $300 per year on a first come, first serve basis. This first-floor location provides effortless access for all ages and is conveniently situated just steps from the community pool and boat slips. Upon entry, you'll be welcomed by peaceful views of Boot Key Harbor from the living area and screened porch, creating the perfect backdrop for everyday living. This residence presents an exceptional opportunity to personalize the flooring to match your own style while adding instant value. Relax by the waterfront community pool or take advantage of the unbeatable Sombrero Boulevard location, just minutes from golf at the Florida Keys Country Club, grocery stores, restaurants, and everyday conveniences. Both the state and city required Building Recertification and Structural Integrity Reserve Study were completed, and the association maintains fully funded reserves, reflecting proactive management and long-term financial stability. Whether you're searching for a full-time residence, seasonal getaway, or investment in one of Marathon's most desirable waterfront communities, this Spanish Galleon condo offers exceptional potential in an outstanding location. Minimum rental period is 28 days, permitted once every six months if advertised online. One pet allowed per unit.

1115 Sombrero Blvd Unit 102B, Marathon
10877 Overseas Hwy Unit APT 35, Marathon
$355,500
1 Baths ⋅ 620452 MLS
Experience elevated island living at Ocean Isles Fishing Village, a beautifully rebuilt 7-acre gated oceanfront community in the heart of the Florida Keys. These newly constructed concrete block residences are built above flood elevation and offer the rare advantage of 7-day rentals, making them an exceptional choice for a vacation getaway, income-producing investment, or full-time residence. This immaculate, spacious studio is currently operating as a successful short-term rental with existing reservations in place. The new owner has the flexibility to honor the bookings for immediate rental income or cancel them for personal use. Thoughtfully designed for comfort and functionality, the studio features a queen-size Murphy bed that easily folds away to maximize living space during the day, tile flooring throughout, a full kitchen with new appliances, and an LG washer/dryer tower. The monthly HOA fee of just $528 includes both wind and flood insurance, providing exceptional value and added peace of mind. Residents enjoy an outstanding collection of resort-style amenities, including an Olympic-size waterfront pool overlooking the marina, an air-conditioned clubhouse, tiki huts, grilling areas, an ice machine, and fish-cleaning stations. Boating enthusiasts will appreciate the private boat ramp, assigned owner boat slips, and the newly rebuilt seawall, bulkhead, docks, and protected marina, safely sheltered by Jack Tar Flats. Ideally located in the heart of Marathon, Ocean Isles Fishing Village is just minutes from restaurants, shopping, attractions, and the airport. With quick access to both the Atlantic Ocean and the Gulf, world-class fishing, diving, boating, and island adventures are always within easy reach. Don't miss this rare opportunity to own an affordable piece of paradise in the Florida Keys, where resort-style amenities, an unbeatable boating lifestyle, and exceptional investment potential come together in one spectacular waterfront community.

10877 Overseas Hwy Unit APT 35, Marathon
105 Ave D, Unit 111, Marathon
$435,000
1 Beds ⋅ 1 Baths ⋅ 620374 MLS
Wake up to waterfront balcony views, spend your days on the water, and generate rental income--all from this beautifully renovated and fully furnished retreat at Coco Plum Terraces. This bright and airy condo features a designer kitchen with white shaker cabinetry, quartz countertops, stainless steel appliances, and a coastal-inspired glass tile backsplash. Recent upgrades include impact windows and impact sliding glass doors, a smart thermostat, Blink video doorbell, new window screens, a new A/C condenser (June 2026), and an outside connection for generator. Coco Plum Terraces offers an exceptional waterfront lifestyle with a heated waterfront pool, tiki hut, trailer parking, and optional boat slips accommodating vessels up to 30 feet. Boaters will appreciate deep-water dockage and direct ocean access with no bridges. Weekly rentals are permitted, making this an opportunity for both personal enjoyment and investment income. Just minutes from Coco Plum Beach, dining, shopping, and world-class fishing, Unit 111 delivers the perfect blend of comfort, convenience, and Florida Keys charm.

105 Ave D, Unit 111, Marathon
6099 Overseas Hwy Unit 42E, Marathon
$300,000
1 Baths ⋅ 620324 MLS
Waterfront, buildable RV lot in Key By the Sea in the heart of Marathon! Enjoy 28' of canal frontage with quick, direct ocean access .A building right and the fifth-wheel (personal property) currently on the site convey with this sale. This lot has a spacious screened-in porch, a storage room, and plenty of dock space to relax and fish. This is a great buy for those looking to build a new, waterfront home down the road who want to utilize their RV till then. Also a great buy for those looking for a slip - at this comparable price, why buy just a slip in a marina when you can have a buildable lot AND a place to keep your boat and RV? Boat lifts are allowed. Community amenities include a boat ramp, laundry room, clubhouse with big TV, pool table, kitchen, etc available for private parties, and an oceanfront pavilion area to take in the open Atlantic views. Boat lifts are allowed. Proximate to grocery stores, shops, restaurants, Sombrero Beach and all things in Keys paradise on the water and on land. There's a lot of bang for your buck and this is priced to sell. FaceTime TOURS ARE AVAILABLE FOR QUALIFIED BUYERS.

6099 Overseas Hwy Unit 42E, Marathon
213 Parrish Dr, Marathon
$499,000
3 Beds ⋅ 1 Baths ⋅ 620215 MLS
Welcome to 213 Parrish Dr. on Grassy Key, FL. This 3 bedroom, 1 bath home is ready for you to make it home and it's priced for you bring your own upgrades and personality. All doors and windows have been upgraded to impact resistant, the living area is a generous open floor plan with large island style kitchen, extra large covered back porch, a huge workshop space underneath the house and the yard is fenced. So, bring your tools and your DIY imagination to make this Keys home shine. Call today for more information and to schedule a private viewing.

213 Parrish Dr, Marathon
329 25th St, Marathon
$499,000
3 Beds ⋅ 3 Baths ⋅ 620207 MLS
Fabulous opportunity to live in the heart of the Keys in Marathon, Florida. This 3-bedroom, 2.5-bath townhome is located in the desirable gated community of Sisters Creek and offers one of the best locations in the neighborhood, situated right next to the resort-style pool. Enjoy open-concept living with an eat-in kitchen, pantry, all-wood cabinetry with pull-out drawers, stainless steel appliances, and a conveniently located half bath on the main living level. An additional den/office area provides flexible space for work, guests, or relaxation. Multiple exterior decks overlook the pool area and manicured tropical grounds, creating the perfect setting to enjoy the Keys lifestyle. A welcoming foyer entry leads to an interior staircase and the main living areas above. On the first level, you will find a substantial 12' x 16' enclosed storage room, providing exceptional space for bicycles, fishing gear, paddleboards, tools, holiday decorations, and all of your Keys lifestyle essentials. This detached townhome also features understory parking for two vehicles, gated entry with an electric security gate, and excellent access to Marathon's marinas, shops, restaurants, and nearby amenities. With a low HOA fee of just $302 per month, this home checks off so many boxes. Centrally located approximately one hour from Key West and one hour from Key Largo, you can enjoy the very best of the Florida Keys from this convenient Marathon location.

329 25th St, Marathon
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