TURNKEY Indigo Reef villa is now available! This 3-bedroom, 2.5-bathroom townhome is a boaters dream and income-earning gem. The highly desired Indigo Reef complex offers resort-like amenities for homeowners and guests. This private, gated community is conveniently located minutes from the heart of Marathon, while peacefully tucked away on 10+ acres along the water's edge. The community features a spacious, heated pool with comfortable lounge chairs, an ice machine, kayak storage, a professional-grade gym, plus ample owner storage in the temperature-controlled HOA building -- perfect for bikes and fishing gear. Villa 47 stands out amongst the rest, offering breathtaking open-water views, vaulted ceilings, and a spacious open-concept downstairs living space. Throw open the French doors to expand your entertaining space further and unwind in the shade of the covered porch, overlooking manicured grounds and open water. Upstairs, you'll find a well-thought design with 3 bedrooms, 2 bathrooms, and laundry. Each bedroom features balcony access with the 2nd and 3rd bedrooms opening to the front balcony. The primary ensuite opens to the private, upper back deck overlooking the Gulf, where you can soak up the sun, relish the sunset views, or spend your nights stargazing.This home comes with an assigned covered parking space steps from the front entrance. Off the back porch, you'll find some of the best boating and fishing in the world. The 31' deeded boat slip is protected by mangroves while the deep-water channel is easy to maneuver and allows quick access to the Gulf and ocean via Vaca Cut.Fully furnished and currently a successful weekly vacation rental, the new owner can start earning income immediately with bookings in place through next spring. This home is a must-see! Call today to schedule your showing!
For sale
Price cut: $50K (7/21)
$1,150,000
11600 1st Ave Gulf UNIT 24, Marathon, FL 33050
3beds
1,600sqft
Est.:
Townhouse, Residential - Condo/Townhouse
Built in 2006
1,306.8 Square Feet Lot
$1,050,100 Zestimate®
$719/sqft
$1,100/mo HOA
What's special
- 153 days
- on Zillow |
- 302 |
- 19 |
Zillow last checked: 7 hours ago
Listing updated: July 21, 2025 at 07:28am
Listed by:
Sarah Eckert 772-501-6576,
Coldwell Banker Schmitt Real Estate Co. (KW)
Source: FLKMLS,MLS#: 613988
Originating MLS: Key West Association

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Cooling
- Central Air, Ceiling Fans(s)
Appliances
- Included: Washer, Stainless Steel Appliance(s), Disposal, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
Features
- Built-in Cabinets, Storage, Granite Counters
- Flooring: Tile
- Windows: Drapes/Blinds Incl, Accordion
- Furnished: Yes
Interior area
- Total interior livable area: 1,600 sqft
Video & virtual tour
Property
Parking
- Total spaces: 1
- Parking features: Assigned, Covered, Off Street, Guest
Features
- Patio & porch: Open Porch/Balcony, Deck, Patio
- Exterior features: Boat Slip
- Has private pool: Yes
- Pool features: Heated, In Ground, Concrete
- Has view: Yes
- View description: Bay/Gulf View, Water, Canal
- Has water view: Yes
- Water view: Bay/Gulf View,Water,Canal
- Waterfront features: Bay Front, Open Water, Canal Front, Gulf Front, Waterfront, Dock: Composite, Dock Length: 31, Dockage: Assigned Dock, Boat Slip
Lot
- Size: 1,306.8 Square Feet
- Features: Less Than 1/4 Acre
Details
- Additional parcels included: 00104180002070
- Parcel number: 00104180001470
- Zoning: RM
- Zoning description: Residential Medium
Construction
Type & style
- Home type: Townhouse
- Architectural style: Townhouse
- Property subtype: Townhouse, Residential - Condo/Townhouse
Materials
- Frame, Hardi Board Siding
- Roof: Metal
Condition
- Year built: 2006
Utilities & green energy
- Electric: Elect Separate Meter
- Sewer: Public Sewer
- Water: Water Separate Meter
- Utilities for property: FKAA, Buyer to Verify, Cable Connected
Community & HOA
Community
- Security: Smoke Detector(s), Electric Gate
- Subdivision: Indigo Reef Marina Homes (52.5)
HOA
- Has HOA: Yes
- Services included: Maintenance Grounds
- HOA fee: $1,100 monthly
Location
- Region: Marathon
Financial & listing details
- Price per square foot: $719/sqft
- Annual tax amount: $7,355
- Date on market: 3/4/2025
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