Marathon Homes with FHA Finance Terms

Marathon Homes with FHA Finance Terms

Welcome to Marathon, Florida – a hidden gem nestled in the heart of the Florida Keys! This vibrant city, located in Monroe County, offers a unique blend of natural beauty, rich history, and a laid-back lifestyle that’s perfect for those seeking a tropical paradise. Known for its stunning waterfront views, Marathon is surrounded by crystal-clear waters, making it a haven for boating, fishing, and diving enthusiasts. With its friendly community and an array of outdoor activities, you’ll find that Marathon is not just a place to live; it’s a lifestyle.

As you explore the real estate options in Marathon, you’ll discover a variety of charming homes that cater to different tastes and budgets. Whether you’re looking for a cozy waterfront cottage or a modern family home, there’s something for everyone. One of the standout features of the housing market in Marathon is the availability of homes that qualify for FHA financing terms. This means that first-time homebuyers and those looking to invest can take advantage of lower down payment options and more flexible credit requirements, making the dream of owning a piece of this paradise more attainable.

Embrace the island life with year-round sunshine, breathtaking sunsets, and a welcoming community. From local festivals to stunning parks and nature reserves, Marathon is rich in culture and adventure. Don’t miss your chance to find your perfect home in this idyllic city where the ocean breeze and warm smiles await you!

Newest Marathon Homes with FHA Finance Terms

10877 Overseas Highway Unit 82, Marathon
$699,000
1 Beds ⋅ 2 Baths ⋅ 621492 MLS
Ocean Isles Fishing Village is a one-of-a-kind answer to your Florida Keys paradise lifestyle. And this condo is something special. This unique 1-bedroom, 2-full-bath design gives you a true front-row, MILLION-dollar view of the Atlantic Ocean and the beautiful waterfront swimming pool. Morning coffee may never taste the same again! Built in 2022, this 850 sq. ft. oceanfront condo gives you incredible water views from both levels. Better yet, the elevator is right next to the unit, making life a little easier for anyone who prefers to skip the stairs. Step inside to an open living area, a fully equipped kitchen with granite countertops, coastal-style flooring, a full bathroom, and a balcony looking straight out over the Atlantic. Upstairs, the spacious primary suite is your own private getaway with a second full bathroom and private balcony. Open the door, feel the ocean breeze, and remember why you came to the Keys in the first place. Built high above flood elevation with solid CBS construction, impact windows, and a metal roof, this condo is being offered turnkey. Bring your flip-flops and toothbrush. The gated 7-acre community offers plenty to keep you busy, or happily doing nothing at all. Enjoy the large elevated waterfront pool, updated marina, private boat ramp, assigned boat slips, fish-cleaning stations, tiki huts, grilling areas, and air-conditioned clubhouse. Come for the million-dollar view. Stay for the Florida Keys lifestyle.

10877 Overseas Highway Unit 82, Marathon
58030 Overseas Hwy, Marathon
$3,500,000
3 Beds ⋅ 2 Baths ⋅ 621475 MLS
Great opportunity in the Middle Florida Keys! Owner financing available. This beautifully remodeled luxury oceanfront home is ideal as a full-time residence, vacation retreat, or income-producing investment. The property has a weekly vacation rental license and is currently used by the owner as a second home and part-time vacation rental. The home features three bedrooms, plus an additional room currently used as a fourth bedroom. Enjoy a beautiful, heated oceanfront pool, a smokeless fire-pit area, and breathtaking, unobstructed Atlantic Ocean views from all three levels. The property also includes boulders seawall. Recent improvements include a new roof and new air-conditioning unit, both installed in 2025. Completely remodeled with high-quality finishes, this exceptional property offers comfort, luxury, spectacular views, and excellent vacation-rental potential. Please note: The listing agent has a personal interest in this property.

58030 Overseas Hwy, Marathon
499 Sombrero Beach Rd, Marathon
$1,595,000
3 Beds ⋅ 2 Baths ⋅ 621413 MLS
Welcome to 499 Sombrero Beach Road, a fantastic opportunity to own a piece of the Florida Keys lifestyle in Marathon! Ideally situated just off U.S. Highway 1 at approximately Mile Marker 50, this property offers a convenient location with easy access to Sombrero Beach, local restaurants, shopping, boating, fishing, and everything that makes Marathon such a sought-after Keys destination. This property provides a great balance of accessibility and the laid-back atmosphere the Middle Keys are known for. One of the few sand beaches of the Keys- Sombrero Beach is just down the bike path, a wonderful place to enjoy a day in the sun, take a swim, or catch a spectacular Keys sunset. Marathon is renowned for its world-class recreational opportunities, including boating, offshore and backcountry fishing, diving, snorkeling, and waterfront adventures. From this location, you'll be conveniently positioned to explore the surrounding islands while still being close to everyday amenities, restaurants, marinas, and local attractions. On site 56' dock was replaced in 2023 and features fish cleaning station, water and electric. The wide canal and premium 5' deep water access allows for larger boats than the average Keys property. Whether you're looking for a full-time residence, a vacation getaway, or an investment opportunity, 499 Sombrero Beach Road is a perfect opportunity. Established, professionally managed, licensed, weekly vacation rental. Come experience the relaxed pace, tropical surroundings, and endless outdoor recreation that make Marathon such a special place to call home. Updates include remodeled kitchen and baths, impact French doors, a metal roof (2021), and AC (2023). It's fully turnkey, with furnishings and future bookings included.

499 Sombrero Beach Rd, Marathon
11405 3rd Ave, Marathon
$579,999
2 Beds ⋅ 2 Baths ⋅ 621381 MLS
Stunning property in Little Venice, fully furnished and located in the heart of the Florida Keys. This 2BD/2BA home, with an additional extra room, is ready for you to make your own piece of paradise! Enjoy an oversized living and dining area for entertaining, complete with plank tile flooring throughout. Both bathrooms feature stylish accented subway tile and matching modern fixtures. The kitchen offers a pass-through bar, sleek stainless-steel appliances, shaker cabinets with under cabinet lighting, and beautiful quartz countertops. The exterior includes accordion shutters and a 5V crimp metal roof. Paved parking provides plenty of room for a boat on this corner lot. Just minutes from Sombrero Beach grocery stores, restaurants, shops, and marinas .

11405 3rd Ave, Marathon
970 95th St, Marathon
$679,999
3 Beds ⋅ 2 Baths ⋅ 621378 MLS
YOUR FLORIDA KEYS GETAWAY AWAITS! Welcome to your slice of paradise in the heart of Marathon! This beautifully updated 3-bedroom, 2-bath concrete home sits on an oversized lot and offers the ideal combination of modern comfort, durability, and exceptional outdoor living. Step inside and you'll find a move-in-ready home with no projects to tackle. The thoughtfully updated interior features tile flooring throughout, elegant quartz countertops, newer appliances, and beautifully renovated bathrooms. Impact windows and doors, a metal roof, and a newer A/C unit (2022) add comfort, efficiency, and peace of mind. The third bedroom is currently configured as a convenient walk-through office, making it an ideal setup for working from home, a private workspace, or a flexible bonus room. The space can easily be adapted to suit your needs, whether you envision it as a home office, guest space, hobby room, or traditional third bedroom. But the real magic happens outside. The oversized, fenced lot provides abundant space for parking multiple vehicles, boats, an RV, and all of your Florida Keys toys. The backyard is made for entertaining, featuring a charming tiki hut, plenty of room to relax, and ample space to add a pool and create your own private oasis. The home is also elevated on a crawl space, providing additional elevation compared with a typical ground-level home. Located on a quiet street in a desirable Marathon neighborhood, you're just a short walk from the oceanfront dog park and kayak launch. Restaurants, beaches, grocery stores, and boat ramps are all conveniently nearby, while Key West is approximately an hour away and Miami approximately two hours. Whether you're looking for a full-time residence, vacation retreat, or investment property, this home offers the flexibility and lifestyle you've been looking for. And for an easy transition into island living, the home can be sold furnished. All that's missing is you. Schedule your private sho

970 95th St, Marathon
108 Ave D, Marathon
$5,499,000
6 Beds ⋅ 6 Baths ⋅ 621304 MLS
Experience exceptional waterfront living in this impressive Spanish-inspired concrete residence, built in 2019 and offering approximately 8,107 square feet of construction and 16,500 square feet lot size. Thoughtfully elevated and designed with an emphasis on space, quality, and comfort, this remarkable home showcases a highly customized interior with refined finishes throughout. Solid wood interior doors, generous room proportions, and carefully designed living spaces reflect the attention to detail found throughout the residence. Expansive recreational and entertainment areas on both the first and second floors provide exceptional flexibility for hosting, relaxing, and enjoying everyday family living. The home's substantial concrete construction and elevated design complement its commanding presence, while the spacious interior offers an ideal combination of elegance and functionality. Positioned along an exceptionally Deepwater, wide-canal home with direct ocean access, the property provides an impressive waterfront setting and a sense of privacy and tranquility. A distinctive luxury residence offering exceptional scale, generous entertainment spaces, and outstanding waterfront appeal. Ideally located near the airport and surrounded by a variety of restaurants, dining options, and everyday conveniences, the home offers an excellent balance of privacy, accessibility, and lifestyle.

108 Ave D, Marathon
57457 Morton St, Marathon
$2,695,000
2 Beds ⋅ 2 Baths ⋅ 621246 MLS
A rare combination of land, privacy, boating, and open-water living awaits on approximately half an acre of Gulf-front paradise in Grassy Key. With panoramic water views, a private beach, waterfront dock with a 20,000-pound boat lift, heated concrete pool, and lush tropical grounds, this property captures the very best of Florida Keys living. Surrounded by mature landscaping, the two-bedroom, two-bath residence enjoys a peaceful, private setting with beautiful Gulf views. Light-filled living spaces embrace the waterfront surroundings, while the kitchen features granite countertops and stainless steel appliances. Both bedrooms offer private baths for owners and guests alike. Step outside and the Keys lifestyle comes alive. Walk to your private sandy beach, lower the boat from your 20,000-pound lift for a day on the water, relax beside the heated pool, or watch the sun disappear over the Gulf from your own shoreline. Expansive grounds and tropical landscaping provide a level of space and privacy that can be difficult to find in the Keys. The property also boasts an exceptional rental history, consistently renting approximately 50 weeks per year and generating roughly $175,000 in annual rental revenue--a testament to the tremendous appeal of this waterfront setting. Whether you're searching for a private Keys retreat or a proven vacation rental investment, this Grassy Key property offers an extraordinary combination of lifestyle and opportunity. Private beach. Open Gulf views. Boating. Pool. Half an acre of tropical privacy. This is the Florida Keys lifestyle people dream about.

57457 Morton St, Marathon
11285 3rd Ave, Marathon
$990,000
3 Beds ⋅ 2 Baths ⋅ 621222 MLS
This is a great opportunity to purchase a Concrete Block Deep Water Access Canal Front Home in the Heart of Marathon on the Gulf side of US 1 below $1M. With about a 4 foot control depth and an existing concrete seawall in place and about 77 feet of frontage, this property can easily accommodate the larger center consoles. Open Water Access in just a few minutes to the Gulf and about 10 minutes to the Atlantic Ocean. The home features 3 Beds, 2 baths, with 1,242 sqft on a large 8,485 offering sqft lot with a Concrete Driveway, Room to Park a RV, Boat Trailer, and room for a pool. The rear Covered Screen Lanai overlooks the canal, and the Covered Carport has built in Storage closets. The home features a Metal Roof and inside it does offer original 1960's charm with a ton of potential as right now it has original Kitchen Cabinets, Terrazzo Floors, Mini Splits in almost all the rooms for efficient air conditioning and original windows. Both baths have original tile showers with 1 being a Full Shower and the other featured a tub/shower combo. With the house right next door just selling at 11295 3rd Avenue Gulf for $1.45M, you have a unique opportunity to acquire, make smart renovations and be sitting on strong positive equity if done right. Due to the lot size, you can even choose to knock down the existing house and build a Brand-New Modern home to your exact specs and take advantage of the deep-water canal. We currently have plans for homes ranging from 1750 sqft to just below 4000 from the well-respected local builders, Design Center. We also have local lenders in place to offer construction financing up to 80%. So much potential and routes you can with this one.

11285 3rd Ave, 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
410 101st St Ocean St Unit B, Marathon
$622,500
3 Beds ⋅ 3 Baths ⋅ 621193 MLS
Mid Town Marathon Townhome -- Deed Restricted Affordable Housing Spread out in this 3-bedroom, 3-bath half-duplex built for townhome-style living across three full floors. The open living, kitchen, and dining space is flooded with natural light through floor-to-ceiling high-impact windows -- bright, airy, and made for everyday living. The kitchen offers stainless steel appliances and generous storage, including two pantries. Step outside to a cute, fenced-in backyard, ideal for kids and pets. Covered parking accommodates two vehicles, and a washer/dryer hookup adds everyday convenience. This home is part of Marathon's deed-restricted affordable housing program. Please call agent for more details on this property.

410 101st St Ocean St Unit B, Marathon
11295 6th Ave, Marathon
$1,150,000
3 Beds ⋅ 2 Baths ⋅ 621176 MLS
Welcome to 11295 6th Ave Gulf -- a waterfront corner lot in one of Marathon's best-kept-secret neighborhoods. Nestled on a quiet street directly across from a nature preserve, this 3-bedroom, 2-bath canal home delivers something almost impossible to find in the Keys: real privacy, real waterfront, and real potential. Eighty feet of deep-water canal frontage on an oversized 8,000 sq ft corner lot. One canal from the Gulf of America with 10-minute access to Vaca Cut -- your gateway to world-class offshore fishing, diving, lobstering, and reef exploration. The spacious vaulted-ceiling screened porch overlooking the canal is where you'll spend every morning and evening. A 385 sq ft concrete dock with davits is ready for your boat. The corner lot provides ample parking for trailers, vehicles, and toys -- a true premium in the Keys. This is also a performing investment property. The home operates as an active vacation rental on Airbnb and VRBO with verified income. Sold fully furnished and turnkey -- a new owner can generate income from day one. Recent updates include a new 2025 HVAC system, 2025 impact sliding glass door, hurricane shutters on all windows, and all furnishings included. The home is solid, comfortable, and rental-ready as-is -- with room to add your own personal touches and make it truly yours. For the visionary buyer: build up on this premium corner lot and you could be rewarded with Gulf of America views. An elevated waterfront home on this lot -- with a nature preserve across the street and 80 feet of canal -- would be one of the most compelling properties in Marathon. The location is irreplaceable. The potential is limitless. Come see it.

11295 6th Ave, 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
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