101 11 Street Ocean Unit 3
About This Property
Also just priced perfectly and the grounds are all well taken care of, all you have to do is bring yourself. Walk right in to this raised home, with all the modern features that you can ask for. Kitchen, living room, bathroom with guest bedroom are all on first floor, all for great entertaining. Walk right up stairs to a primary second floor with a great sized bedroom and bathroom with a breakfast nook for you to feel like you never need to leave, until you walk right out to your balcony for those endless ocean views.
Plenty of parking and right next to all the great restaurants that Marathon Key has to offer. Call today for your private showing.
Please note, this is property is subject to a land lease agreement.
Listed By
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 28, 2026 | Listed by RE/MAX All Keys Real Estate | $449,000 | |
| Listed by RE/MAX All Keys Real Estate | |||
| Sep 16, 2026 | Listed by Ocean Sothebys Intl Realty | $459,900 | |
| Listed by Ocean Sothebys Intl Realty | |||
| |||
|
For those seeking an easier way to experience the Florida Keys—with breathtaking water views, boating access, community amenities, and rental potential—this exceptional end-unit residence offers something truly special. Positioned to capture expansive open-water views stretching to Isla Bella and beyond, this newer-construction, elevated two-bedroom, two-full-bath home enjoys a highly desirable end-unit location with an added sense of openness and privacy. An upper-level flex space opens to an expansive deck—an idyllic setting for morning coffee, sunset cocktails, or simply taking in the beauty of the Keys. Offered fully furnished and turnkey, with covered parking, the home is equally suited as a personal island retreat, low-maintenance second home, or income-producing rental property. Community amenities include a swimming pool, clubhouse, fish-cleaning station, sun deck, outdoor kitchen, boat slips, and more. World-class fishing, snorkeling, and diving are at your fingertips, with immediate access to open water and the renowned fishing grounds of the Humps approximately 30 miles offshore. Waterfront dining is just minutes away, while the iconic Seven Mile Bridge and pedestrian bridge to historic Pigeon Key are moments from home. Key West is approximately 45 minutes south, with Miami roughly two hours north. Arrive, unpack, and begin enjoying the Keys from day one—with an end-unit setting and breathtaking views that are truly difficult to replicate.
| |||
| Sep 11, 2026 | Price Decreased |
$424,999
↓ $35K
(7.6%) | |
| Price Decreased | |||
| May 30, 2026 | Listed by Ocean Sothebys Intl Realty | $459,900 | |
| Listed by Ocean Sothebys Intl Realty | |||
| |||
|
For someone looking for an easier way to enjoy the Florida Keys—with boating access, water views, community amenities, and rental income—this is an opportunity worth exploring.
Land-lease communities offer a unique and often more approachable path to owning in the Florida Keys—and for the right buyer, the lifestyle and value can make tremendous sense.
This newer-construction, elevated two-bedroom, two-full-bath home offers beautiful marina views, along with glimpses of the Gulf and open water from the balcony. An additional flex space on the upper level opens to an expansive deck, creating even more room to relax and enjoy the surrounding scenery.
Offered fully furnished and turnkey, with covered parking, it is equally suited as a personal Keys retreat, low-maintenance second home, or income-producing rental property. January, February, and March 2027 are already booked, representing $22,500 in gross rental income.
The monthly lot fee is $1,377/mo and $300/mo for dockage. Community amenities include a swimming pool, clubhouse, fish-cleaning station, sun deck, outdoor kitchen, boat slips, and more.
The location places you close to waterfront dining on both the ocean and Gulf sides, with easy access to the two-mile pedestrian bridge leading to historic Pigeon Key. The iconic Seven Mile Bridge is moments away, with Key West approximately 45 minutes south and Miami roughly two hours north.
Arrive, unpack, and begin enjoying the Keys from day one.
| |||
| Jan 19, 2026 | Listed by Coldwell Banker Schmitt Real E | $475,000 | |
| Listed by Coldwell Banker Schmitt Real E | |||
| |||
|
The Keys are calling! Welcome to this beautifully appointed 2-bedroom, 2-bath residence offering the island lifestyle you’ve been dreaming of—without the steep price tag. This light-filled home features a stylish granite and stainless-steel kitchen, central air conditioning, and convenient interior laundry, making everyday living both comfortable and effortless.
Step outside to the third-floor balcony, where open water and ocean views create the perfect backdrop for morning coffee or evening sunsets.
Located within a true oceanfront community, residents enjoy an impressive array of amenities, including a resort-style pool, covered parking, kayak launch area, and a waterfront community lounge complete with a sun deck, fire pits, and an outdoor kitchen with stainless-steel grill—ideal for relaxing or entertaining.
Perfectly situated in the heart of Marathon, just 2.5 hours from Miami and approximately one hour from Key West, this property delivers the best of the Florida Keys lifestyle with convenience and accessibility.
With no HOA fees, property taxes included, and a full-time property management company maintaining the common areas, ownership here is truly low maintenance—just arrive and enjoy island living. This is the most affordable new-construction opportunity in the Keys, offering unmatched amenities for the price.
Please note: the property is subject to monthly lot rent
| |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017