$587,500
●
Condo -
Off Market
1998 W Overseas Highway #A4
Marathon, FL 33050
3 Beds
2 Baths
2,100 Ft²
$4,917
Est. Monthly
$1,459
HOA / Fees
0.87%
Cap Rate
About This Property
Nestled in the heart of the Florida Keys, Faro Blanco is a resort
feel Condominium located in a gated community a total of 16
units 4 units-4 floors. Marina in front where you can find
accommodations for fishing, watersports, or rent dockage for your
personal watercraft. As you enter your met by an open concept
living space, that integrates living dining & kitchen areas. Split
bedrooms, primary en-suite encompassing the westside of this large
condo, walk in & lk out closets. Bedrooms 2&3 on eastside, with
arched entry way. French doors lead out to enclosed balcony/entire
wall of sliders use as a Florida room or light bright office or a
spot to enjoy the view. Tennis court 2 pools. Pets allowed. New
elevators all building inspection work completed, covered parking.
Washer& dryer in unit.
Unit Size
2,100 Ft²
Days on Market
323 days
Land Size
-
Price per sqft
$293
Property Type
Condo
Property Taxes
$437
HOA Dues
$1,459
Year Built
-
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 5 months ago (Beaches MLS #F10517929)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 22, 2026 | Sold | ||
| Sold | |||
| Jun 15, 2026 | In contract | - | |
| In contract | |||
| Apr 1, 2026 | Price Decreased |
$615,000
↓ $5K
(0.8%) | |
| Price Decreased | |||
| Oct 30, 2025 | Price Decreased |
$620,000
↓ $29K
(4.5%) | |
| Price Decreased | |||
| Sep 19, 2025 | Price Decreased |
$649,000
↓ $26K
(3.9%) | |
| Price Decreased | |||
Show More
Property Highlights
Parking Available
Garage
Elevator
Parking Details
Has Carport
Parking Features: Assigned, Covered, Carport, Detached Carport, Guest
Open Parking Spaces: 2
Interior Details
Full Bathrooms: 2
Interior Features: Breakfast Bar, Built-in Features, High Ceilings, Other, Storage, BedroomOnMainLevel, DualSinks, LivingDiningRoom, SplitBedrooms, SeparateShower
Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator, Water Heater, Washer
Flooring Type: Ceramic Tile
Door Features: French Doors
Rooms: 2
Exterior Details
Has Property Attached
Square Footage: 2100
Security Features: Gated Community, Other, Security Fence
Property Condition: Resale
Year Built: 1983
Waterfront Features: Bayfront, NoFixedBridges, Other
Building Name: 1998
Building Area Total: 2100
Window Features: Blinds, Drapes, Rods
Construction Materials: Block
Patio and Porch Features: Glass Enclosed, Porch
Financial Details
Tax Assessed Value: $512,000
Tax Annual Amount: $5,248
Utilities Details
Cooling Type: Ceiling Fan(s), Electric
Heating Type: None
Location Details
HOA/Condo/Coop Fee Includes: Maintenance Grounds, Maintenance Structure, Sewer, Trash, Water, CommonAreas
HOA/Condo/Coop Amenities: Maintenance Grounds, Other, Storage, Elevator(s)
HOA Fee: $1,459
HOA Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/03/2025
|
3 Bed
|
2 Bath
|
2100 ft²
|
$675,000
3 Bed
2 Bath
2100 ft²
|
$587,500
-12.96%
06/22/2026
|
Dorry Santiago
Keller Williams Realty Profess
| |
|
12/29/2023
|
3 Bed
|
2 Bath
|
1650 ft²
|
$998,775
3 Bed
2 Bath
1650 ft²
|
-
-
|
Frank Griffiths
Ocean Sotheby's International Realty (Admin)
| |
|
12/24/2021
|
3 Bed
|
2 Bath
|
1650 ft²
|
$599,000
3 Bed
2 Bath
1650 ft²
|
-
-
|
Tundra Mann
Island Breeze Realty
| |
|
03/20/2021
|
3 Bed
|
2 Bath
|
1650 ft²
|
$650,000
3 Bed
2 Bath
1650 ft²
|
-
-
|
-
| |
|
12/15/2020
|
3 Bed
|
2 Bath
|
1650 ft²
|
$589,000
3 Bed
2 Bath
1650 ft²
|
-
-
|
Alexia Mann
Island Breeze Realty, LLC
| |
|
10/04/2019
|
3 Bed
|
2 Bath
|
1800 ft²
|
$425,000
3 Bed
2 Bath
1800 ft²
|
-
-
|
-
| |
|
07/30/2017
| |
3 Bed
|
2 Bath
|
1650 ft²
|
-
3 Bed
2 Bath
1650 ft²
|
-
-
|
-
|
Building Info
About Marathon
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Listed by: Dorothy F Santiago
Keller Williams Realty Profess
Last Updated: 5 months ago
Data Source: Beaches MLS, MLS# F10517929
All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker's offer of compensation is made to participants of BeachesMLS, where the listing is filed, as well as participants of MLSs participating in MLSAdvantage or a data share with BeachesMLS.
Keller Williams Realty Profess
Last Updated: 5 months ago
Data Source: Beaches MLS, MLS# F10517929
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