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Under contract
  • Price cut: $40K (8/20)
    $1,635,000

    540 Sombrero Beach Rd, Marathon, FL 33050

    2beds
    1,170sqft
    : 
    $9,664/mo
    Get pre-qualified
    Single Family Residence
    Built in 1981
    10,018 Square Feet Lot
    $1,545,900 Zestimate®
    $1,397/sqft
    $-- HOA

    What's special

    Immediate boating accessWaterfront homeTravertine deckingThoughtfully designed outdoor livingUpdated landscapingExtensive landscape lighting
    Located in Marathon's desirable Sombrero area, this waterfront home combines immediate boating access, thoughtfully designed outdoor living, and close proximity to Sombrero Beach. The property offers 76 feet of waterfront, a 40-foot dock, and immediate access to open water--an ideal setup for fishing, diving, or simply enjoying life on the water. When you're not on the boat, Sombrero Beach is just moments away. Recent improvements totaling more than $300,000 have transformed the outdoor spaces into an extension of the home. A custom pool and spa with sun shelf, travertine decking, outdoor grilling and bar area, updated landscaping, extensive landscape lighting, multiple covered and screened patios, and a metal roof installed in 2021 are among the property's notable upgrades. A climate-controlled 500-square-foot lower-level bonus area provides additional flexible space for storage, recreation, hobbies, or a home gym. The property has also proven itself as a highly successful vacation rental, with 2026 year-to-date income and existing future bookings already exceeding $100,000 net to the owner. The assumable flood insurance policy, currently just $1,289 per year, further enhances the property's appeal. Looking ahead, existing architectural plans provide the opportunity to add three additional bedrooms, creating a five-bedroom home and further maximizing this sought-after Sombrero Beach location. Enjoy the home as it is today, with its proven rental performance, while retaining the option to expand in the future. Immediate boating access, proximity to Sombrero Beach, thoughtfully designed outdoor living, proven rental performance, and future expansion potential come together in a property that offers the best of Keys living.
    91 days
    695
    41

    Zillow last checked:

    Listing updated:

    Listed by:

    Tracy Chacksfield 312-350-4601,

    Berkshire Hathaway HomeServices Keys Real Estate

    Source: FLKMLS,MLS#: 620395MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 2
      • Full bathrooms: 2
      Cooling
      • Central Air, Ceiling Fans(s)
      Appliances
      • Included: Washer, Dryer, Dishwasher, Refrigerator, Range, Microwave, Disposal, Wine Cooler, Stainless Steel Appliance(s)
      Features
      • Storage, Walk-in Closet(s), Bar, Quartz Countertops
      • Flooring: Tile
      • Furnished: Yes
      Interior area
      • Total structure area: 1,170
      • Total interior livable area: 1,170 sqft

      Property

      Parking
      • Parking features: Storage
      Accessibility
      • Accessibility features: None
      Features
      • Patio & porch: Open Porch/Balcony, Patio, Screened Patio
      • Exterior features: Bar, Built-in Barbecue, Rain Gutters, Lighting, Storage
      • Has private pool: Yes
      • Pool features: In Ground, Concrete, Decked
      • Has spa: Yes
      • Spa features: Heated
      • Fencing: Fenced
      • On waterfront: Yes
      Lot
      • Size: 10,018 Square Feet
      Details
      • Parcel number: 00354940000000
      • Zoning: RM - Residential Medium

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Hardi Board Siding
      Condition
      • Updated/Remodeled
      • New construction: No
      • Year built: 1981

      Community & HOA

      Community
      • Features: Beach, Bike Paths
      • Subdivision: Sombrero Bch Village (49.5)
      HOA
      • Has HOA: No
      • Services included: None
      Location
      • Region: Marathon

      Financial & listing details

      • Price per square foot: $1,397/sqft
      • Tax assessed value: $1,422,175
      • Annual tax amount: $13,207
      • Date on market: 6/24/2026
      • Listing terms: Cash,Conventional,FHA

        Estimated market value

        $1,545,900

        $1.47M - $1.62M

        $4,115/mo

        Price history

        DateEventPrice
        9/23/2026Contingent$1,635,000$1,397/sqft
        Source: FLKMLS #620395 Report a problem
        8/20/2026Price change$1,635,000-2.4%$1,397/sqft
        Source: FLKMLS #620395 Report a problem
        6/24/2026Listed for sale$1,675,000+48.9%$1,432/sqft
        Source: FLKMLS #620395 Report a problem
        4/20/2026Listing removed$20,704$18/sqft
        Source: Zillow Rentals Report a problem
        4/18/2026Listed for rent$20,704$18/sqft
        Source: Zillow Rentals Report a problem
        6/3/2021Sold$1,125,000-2.1%$962/sqft
        Source: FLKMLS #594674 Report a problem
        2/13/2021Listed for sale$1,149,000+17.2%$982/sqft
        Source: Island Breeze Realty, LLC #594674 Report a problem
        7/4/2020Listing removed$980,000$838/sqft
        Source: Island Breeze Realty, LLC #591194 Report a problem
        6/10/2020Listed for sale$980,000+33.3%$838/sqft
        Source: Island Breeze Realty, LLC #591194 Report a problem
        12/2/2004Sold$735,000+23.5%$628/sqft
        Source: FLKMLS #524082 Report a problem
        11/24/2003Sold$595,000+197.5%$509/sqft
        Source: Public Record Report a problem
        3/20/1998Sold$200,000$171/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$13,208 +2.9%$1,420,635 +12.3%
        2024$12,833 +6.4%$1,265,334 +10%
        2023$12,060 +10.7%$1,150,304 +10%
        2022$10,894 +27.3%$1,045,731 +37.6%
        2021$8,558 +5.1%$760,009 +4.1%
        2020$8,143 $729,941 -0.3%
        2019$8,143 -0.3%$732,297 -0.3%
        2018$8,171 +3.1%$734,803 +36%
        2017$7,924 +38.7%$540,321 +2.1%
        2016$5,715 -0.8%$529,208 +0.7%
        2015$5,763 $525,529
        Find assessor info on the county website

        Monthly payment

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        Payment breakdown

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        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 33050

        Getting around

        3 / 100
        Car-Dependent
        68 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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