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 picturesque island city, part of Monroe County, offers a unique blend of tropical beauty and laid-back island living. With its stunning sunsets, crystal-clear waters, and abundant marine life, Marathon is the perfect destination for those seeking a slice of paradise. Whether you’re an avid fisherman, a boating enthusiast, or simply someone who enjoys lounging on the beach, Marathon has something for everyone.

The real estate market in Marathon is as vibrant as its surroundings. The area boasts a diverse selection of homes, from charming beach cottages to luxurious waterfront estates. Many of these homes are available with FHA financing terms, making it easier for first-time buyers and those looking to invest in their dream home. With FHA loans, you can take advantage of lower down payment options and more flexible credit requirements, making homeownership in this idyllic locale more accessible than ever.

Imagine waking up to the sound of waves gently lapping at the shore, enjoying your morning coffee on a sun-drenched patio, and spending your afternoons exploring the stunning natural beauty of the island. With Marathon’s warm climate and welcoming community, you’ll find that life here is not just about living; it’s about thriving.

If you're ready to make Marathon your home, explore our listings today and discover the perfect property that fits your lifestyle and budget. Your dream island home awaits!

Newest Marathon Homes with FHA Finance Terms

6099 Overseas Hwy Unit LOT 16W, Marathon
$775,000
2 Beds ⋅ 2 Baths ⋅ 621885 MLS
Nearly new and built for the Florida Keys lifestyle, this 2022-built stilt home sits right in the heart of Marathon, and is currently the lowest priced stilted home in Marathon with an owned private dock space on an oceanside canal with a community boat ramp! Your boatslip is right outside your door and is only 5 miles out to Sombrero Reef and 2 miles to the sandbar. Inside, high ceilings and large windows fill every room with natural light. The open kitchen is well lit, anchored by a full pantry, and fitted with nearly new appliances. The spotless interior also features crown molding throughout, neutral paint and flooring, and an open floor plan. Built to Cat V wind load standards with impact windows and doors, metal roof, and an 8-foot piling foundation, means lower insurance costs, peace of mind, and a structure designed to last for decades. The property also features a rainwater collection cistern -- an eco-friendly bonus to keep the garden green without ever touching the water meter. A low monthly HOA covers access to the community clubhouse with a full kitchen, pool table, Tiki, private boat ramp, fish cleaning station, and two scenic sitting areas on the Atlantic Ocean, one with a pavilion for shelter from sun and rain. This home also abuts a conservation area, so there are no backyard neighbors, allowing for additional privacy to entertain and enjoy nature. Whether looking for a vacation retreat, investment property, or full-time residence; if the Florida Keys lifestyle is what you're after, this is where it starts.

6099 Overseas Hwy Unit LOT 16W, Marathon
109 Ave D, Unit 307, Marathon
$325,000
1 Beds ⋅ 1 Baths ⋅ 621829 MLS
AFFORDABLE FLORIDA KEYS PROPERTY...DON'T MISS YOUR OPPORTUNITY TO OWN YOUR PIECE OF PARADISE!! Looking for an affordable way to enter the Florida Keys real estate market? Whether you're a first-time buyer, searching for a weekend getaway, or looking for an investment property with rental income potential, this thoughtfully renovated waterfront community condo offers an exceptional opportunity to enjoy the Keys lifestyle at an attractive price point! Originally designed as a studio, this cleverly redesigned unit offers the comfort and functionality of a one-bedroom layout. A custom partition wall creates a dedicated sleeping area while incorporating beautiful built-in wardrobe & storage. A sliding barn door could easily be added for additional privacy. The inviting interior features a full kitchen with granite countertops, stainless steel appliances, a convenient breakfast bar, updated flooring, & a beautifully renovated bathroom. A screened patio provides the perfect place to enjoy your morning coffee or relax after a day on the water. It also features & in-unit, spacious, storage closet giving you plenty of room to store your things or use as a locked owners closet while it's rented. Boating enthusiasts will appreciate the assigned boat slip, deep-water dockage along a 200-foot-wide canal, private community boat ramp, boat trailer parking, & convenient ocean access. Enjoy the community pool & waterfront gathering areas, all within the desirable Coco Plum Terraces community in Marathon. With a new roof in 2023, updated A/C in 2022, & seven-night minimum rentals permitted, this property offers flexibility for personal enjoyment & potential rental income. At a remarkable price, this is an inviting opportunity to get your foot in the door of the Florida Keys real estate market! Use as a Full-time, seasonal home, or income-producing investment, this charming condo offers an appealing combination of affordability, amenities, & island living at its best!

109 Ave D, Unit 307, Marathon
990 41st St Unit 10, Marathon
$3,475,000
5 Beds ⋅ 6 Baths ⋅ 621813 MLS
Luxury 5-Bedroom Waterfront Home in the Florida Keys Welcome to your dream retreat in Marathon, Florida! This stunning 5-bedroom, 5.5-bath residence sits on the desirable bay side, offering breathtaking water views and endless sunsets. Perfectly designed for comfort and entertaining, the home features an open-concept living space, gourmet kitchen, and spacious bedrooms with en-suite baths for ultimate privacy. Step outside to enjoy resort-style living with a sparkling pool, expansive patio, and direct access to the bay. Boating enthusiasts will love the assigned dock slip, making days on the water effortless. Whether you're seeking a full-time residence, vacation getaway, or investment property, this home delivers the ultimate Keys lifestyle--luxury, relaxation, and adventure right at your doorstep.

990 41st St Unit 10, Marathon
385 Orange Ave, Marathon
$799,000
3 Beds ⋅ 2 Baths ⋅ 621699 MLS
Secluded CBS Stilt house features 4 bedrooms, 3 bathrooms, and a metal roof. Surrounded by natural foliage, it sits on a 15,000 sq. ft. double lot in Crains Subdivision. This property is truly a diamond in the rough with great potential.

385 Orange Ave, Marathon
9104 Aviation Blvd, Marathon
$1,499,000
4 Beds ⋅ 4 Baths ⋅ 621663 MLS
CANALFRONT DUPLEX WITH EXCELLENT BOATING & INVESTMENT POTENTIAL! Discover a fantastic opportunity to own this canalfront duplex in the heart of Marathon, offering excellent boating access and the flexibility of weekly vacation rentals! Situated on a 7,500 sq. ft. lot along an approximately 50' wide, crystal-clear canal, this property features two spacious 2-bedroom, 2-bath residences totaling 1,924 sq. ft. Each unit offers an inviting open floor plan, laundry, a private screened porch overlooking the water perfect for enjoying the tropical breezes and downstairs storage. Boating enthusiasts will appreciate the concrete dockage, with room to accommodate boats up to 36' on each side. Solid CBS construction with impact windows and standing seam metal roof. With weekly rentals permitted, this property presents outstanding income-producing potential, whether you choose to rent both residences or enjoy one while generating income from the other. Conveniently located behind the Marathon Airport with the public boat ramp close by and just minutes from dining, shopping, beautiful Sombrero Beach, and all the attractions that make Marathon a premier Florida Keys destination. An exceptional opportunity to enjoy the Keys lifestyle while capitalizing on the area's strong vacation rental appeal!

9104 Aviation Blvd, Marathon
2110 Dolphin Dr, Marathon
$1,599,000
2 Beds ⋅ 2 Baths ⋅ 621645 MLS
Enjoy the Florida Keys at its best in this solid concrete, 2BR/2BA home in an established, quiet Marathon neighborhood. The fully renovated, open-concept interior spans 1,280 sq ft of updated living space with tile floors and an A/C UV-light system. The gourmet kitchen boasts granite countertops, a multicolored glass tile backsplash, modern cabinetry with fossilized shell knobs, and top-tier stainless steel appliances, including a Bosch induction range. Both bathrooms feature high-end remodels with premium finishes. This stilted, two-story concrete floor home has indoor stairs, features a durable metal roof, providing maximum structural integrity and peace of mind. Capitalize on outstanding vacation rental potential of $100k+ annually, or enjoy it as your private dream home. Located on a deep flow-through canal just 2 minutes from the open Gulf, this boater's paradise features a 60 ft dock with a heavy-duty 15,000-lb boat lift. An approved permit for a 10x20 ft swimming pool is ready to complete your backyard oasis. The lower level provides an additional 936 sq ft of enclosed ground-level storage, a covered carport, a Level 2 EV charging station, and a private waterfront entertaining area. Mechanical upgrades include a whole-house generator, an upgraded electric panel, and a 4-camera security system. Outside, a waterfront tiki hut overlooks the canal, surrounded by low-maintenance landscaping and two fenced areas for dogs. Kayak, paddle board, or boat to world-class fishing and reef diving in minutes!

2110 Dolphin Dr, Marathon
389 N Anglers Dr Unit 107, Marathon
$524,995
2 Beds ⋅ 2 Baths ⋅ 621573 MLS
Morning coffee overlooking the water. A bike ride to Sombrero Beach. Afternoons spent boating, fishing, or relaxing by the pool. This is the Florida Keys lifestyle, and at Coral Club, it's ready to enjoy from day one. Located in a peaceful Marathon neighborhood just one mile from Sombrero Beach, this beautifully updated and furnished 2-bedroom, 2-bath canal-front condo combines waterfront living, comfort, and convenience. This first-floor residence features a bright, open layout, tasteful coastal finishes, and an enclosed patio overlooking the canal. Watch boats cruise by, enjoy your morning coffee, or unwind with an evening cocktail as the waterfront setting makes every day feel like a getaway. Inside, thoughtful updates, stainless steel appliances, an in-unit washer and dryer, and impact-resistant windows and doors offer style and peace of mind. Furnished and move-in ready, all that's left to do is arrive and enjoy. Coral Club amenities include boat slips (subject to availability), a heated and chilled pool, waterfront tiki hut, and clubhouse with a full kitchen and bathroom. Anglers will appreciate the community ice machine, fish freezers, and private storage for fishing gear, kayaks, and beach essentials. Just one mile away, Sombrero Beach offers sandy shores, swimming, volleyball, playgrounds, and picnic areas. Grocery stores, shopping, and waterfront restaurants are conveniently nearby. Whether you're seeking a primary residence, vacation retreat, or investment property, this turnkey Coral Club condo offers the location, amenities, and coastal lifestyle that make the Florida Keys special. Bring your flip-flops, grab your fishing rods, and start living the Keys lifestyle!

389 N Anglers Dr Unit 107, Marathon
473 W 105th St, Marathon
$499,000
2 Beds ⋅ 2 Baths ⋅ 621543 MLS
If you've been looking for a newer-construction Keys home that checks all the practical boxes--built above flood, impact windows and doors, and central air--473 W 105th St. in Marathon is worth a serious look. Built in 2022 to the latest building code, this 2-bedroom, 2-bath home offers 1,120 square feet of comfortable, low-maintenance island living with the peace of mind that comes from modern construction standards. Inside, the open living and dining area flows naturally into a full kitchen with rich wood cabinetry, dark countertops, and a complete appliance package. Crown molding and vinyl plank flooring run throughout the home, giving it a clean, finished feel. A dedicated laundry room with full-size washer and dryer adds everyday convenience. Outside, covered parking for two vehicles underneath the home on a concrete slab, plus additional off-street parking, provides practical storage and convenience. Located on the ocean side of Marathon at Mile Marker 53 with no HOA, this is a solid opportunity to own a move-in-ready Keys home built to modern standards. Please note: The above-ground pool and artificial turf shown do not convey with the sale.

473 W 105th St, Marathon
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
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