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

$2,695,000
2 Beds ⋅ 2 Baths ⋅ 621246 MLS
A rare combination of land, privacy, boating, and open-water living awaits on approximately half an acre of Gulf-front paradise in Grassy Key. With panoramic water views, a private beach, waterfront dock with a 20,000-pound boat lift, heated concrete pool, and lush tropical grounds, this property captures the very best of Florida Keys living. Surrounded by mature landscaping, the two-bedroom, two-bath residence enjoys a peaceful, private setting with beautiful Gulf views. Light-filled living spaces embrace the waterfront surroundings, while the kitchen features granite countertops and stainless steel appliances. Both bedrooms offer private baths for owners and guests alike. Step outside and the Keys lifestyle comes alive. Walk to your private sandy beach, lower the boat from your 20,000-pound lift for a day on the water, relax beside the heated pool, or watch the sun disappear over the Gulf from your own shoreline. Expansive grounds and tropical landscaping provide a level of space and privacy that can be difficult to find in the Keys. The property also boasts an exceptional rental history, consistently renting approximately 50 weeks per year and generating roughly $175,000 in annual rental revenue--a testament to the tremendous appeal of this waterfront setting. Whether you're searching for a private Keys retreat or a proven vacation rental investment, this Grassy Key property offers an extraordinary combination of lifestyle and opportunity. Private beach. Open Gulf views. Boating. Pool. Half an acre of tropical privacy. This is the Florida Keys lifestyle people dream about.

57457 Morton St, Marathon
$990,000
3 Beds ⋅ 2 Baths ⋅ 621222 MLS
This is a great opportunity to purchase a Concrete Block Deep Water Access Canal Front Home in the Heart of Marathon on the Gulf side of US 1 below $1M. With about a 4 foot control depth and an existing concrete seawall in place and about 77 feet of frontage, this property can easily accommodate the larger center consoles. Open Water Access in just a few minutes to the Gulf and about 10 minutes to the Atlantic Ocean. The home features 3 Beds, 2 baths, with 1,242 sqft on a large 8,485 offering sqft lot with a Concrete Driveway, Room to Park a RV, Boat Trailer, and room for a pool. The rear Covered Screen Lanai overlooks the canal, and the Covered Carport has built in Storage closets. The home features a Metal Roof and inside it does offer original 1960's charm with a ton of potential as right now it has original Kitchen Cabinets, Terrazzo Floors, Mini Splits in almost all the rooms for efficient air conditioning and original windows. Both baths have original tile showers with 1 being a Full Shower and the other featured a tub/shower combo. With the house right next door just selling at 11295 3rd Avenue Gulf for $1.45M, you have a unique opportunity to acquire, make smart renovations and be sitting on strong positive equity if done right. Due to the lot size, you can even choose to knock down the existing house and build a Brand-New Modern home to your exact specs and take advantage of the deep-water canal. We currently have plans for homes ranging from 1750 sqft to just below 4000 from the well-respected local builders, Design Center. We also have local lenders in place to offer construction financing up to 80%. So much potential and routes you can with this one.

11285 3rd Ave, Marathon
$445,000
1 Beds ⋅ 2 Baths ⋅ 621214 MLS
Bonefish Towers located on Coco Plum is all about the water views. This beautifully updated 1 Bedroom, 1.5 Bathroom 5th floor condo has been totally renovated only a few years ago and will be sold furnished. Elegant entrance, lobby, and entertainment areas. Relax by the heated pool, workout in the gym, enjoy the sauna, socialize on the pier, fish from the dock, and play on the tennis court. Bonefish Towers is a complex that has something for everyone. The property has onsite management, and security. If you are looking for a fine level of living, great amenities, and water views then this condominium complex just may be the one for you.

2000 Coco Plum Dr Unit 503, Marathon
$622,500
3 Beds ⋅ 3 Baths ⋅ 621193 MLS
Mid Town Marathon Townhome -- Deed Restricted Affordable Housing Spread out in this 3-bedroom, 3-bath half-duplex built for townhome-style living across three full floors. The open living, kitchen, and dining space is flooded with natural light through floor-to-ceiling high-impact windows -- bright, airy, and made for everyday living. The kitchen offers stainless steel appliances and generous storage, including two pantries. Step outside to a cute, fenced-in backyard, ideal for kids and pets. Covered parking accommodates two vehicles, and a washer/dryer hookup adds everyday convenience. This home is part of Marathon's deed-restricted affordable housing program. Please call agent for more details on this property.

410 101st St Ocean St Unit B, Marathon
$1,150,000
3 Beds ⋅ 2 Baths ⋅ 621176 MLS
Welcome to 11295 6th Ave Gulf -- a waterfront corner lot in one of Marathon's best-kept-secret neighborhoods. Nestled on a quiet street directly across from a nature preserve, this 3-bedroom, 2-bath canal home delivers something almost impossible to find in the Keys: real privacy, real waterfront, and real potential. Eighty feet of deep-water canal frontage on an oversized 8,000 sq ft corner lot. One canal from the Gulf of America with 10-minute access to Vaca Cut -- your gateway to world-class offshore fishing, diving, lobstering, and reef exploration. The spacious vaulted-ceiling screened porch overlooking the canal is where you'll spend every morning and evening. A 385 sq ft concrete dock with davits is ready for your boat. The corner lot provides ample parking for trailers, vehicles, and toys -- a true premium in the Keys. This is also a performing investment property. The home operates as an active vacation rental on Airbnb and VRBO with verified income. Sold fully furnished and turnkey -- a new owner can generate income from day one. Recent updates include a new 2025 HVAC system, 2025 impact sliding glass door, hurricane shutters on all windows, and all furnishings included. The home is solid, comfortable, and rental-ready as-is -- with room to add your own personal touches and make it truly yours. For the visionary buyer: build up on this premium corner lot and you could be rewarded with Gulf of America views. An elevated waterfront home on this lot -- with a nature preserve across the street and 80 feet of canal -- would be one of the most compelling properties in Marathon. The location is irreplaceable. The potential is limitless. Come see it.

11295 6th Ave, Marathon
$409,999
1 Beds ⋅ 1 Baths ⋅ 621165 MLS
This beautifully updated one-bedroom, one-bath condo sits on a 200-foot-wide canal with 4-foot control depth and an assigned boat slip which is number 32- second from boat ramp and measures approximately 16+ wide by 46+ long. No bridges between you and open water. When you step inside, you are greeted by fresh color palette, quartz countertops, stainless appliances, new flooring, and a walk-in closet. This is truly a move-in-ready retreat. Step onto the balcony for harbor views and sunsets that don't get old. Licensed for weekly rentals (7-night minimum, annual renewal inspection required), this unit comes with a proven rental history and repeat guests -- real, healthy income, on file. Coco Plum Terraces itself is well run, with strong HOA financials and reserves behind it, offering a heated pool, tiki hut, tennis court, boat ramp, and trailer parking. All financing terms considered. Steps from Coco Plum Beach and minutes from Marathon's local favorites like Sparkys landing restaurant, marinas, and the airport for easy in-and-out access. This stretch of Marathon still holds that quiet, unhurried Keys feel.

105 Ave D Unit APT 113, Marathon
$725,000
3 Beds ⋅ 2 Baths ⋅ 621127 MLS
Welcome to effortless Keys living in the heart of Marathon! This charming canal-front 3 bed/ 2 bath single-family home blends coastal-chic style, boating, comfort, and convenience in one easy-to-enjoy package. Designed for a turn-key, low-maintenance lifestyle, the home is elevated above flood and features impact windows and doors, a new metal roof (2024), newer A/C (2021), an on-demand water heater, and was tented in 11/2024. Step inside to a bright, open-concept floor plan where modern coastal finishes complement the home's relaxed Keys character. Updates include wood style luxury vinyl plank flooring, stainless steel appliances, granite countertops, and a new washer and dryer. Both the primary and guest bathrooms have a fresh, modern feel with stylish tile, updated vanities, lighted mirrors, and glass shower enclosures. The comfortable layout works beautifully for everyday living, entertaining, or welcoming guests. Outside is where the Keys lifestyle really comes alive. Enjoy approximately 37.7 feet of solid concrete dockage on a canal with deeper water depth, creating a great setup for boaters. From here, you'll have convenient access to both the Atlantic Ocean and Gulf via the Seven Mile Bridge. After a successful day on the water, clean your catch at the fish-cleaning station with outdoor sink, then relax in the shade on the expansive east-facing porch with composite Trex decking & enjoy the tropical breezes. The property also offers a private fenced side area for additional storage, plus convenient access to a nearby public boat ramp, city park with community events & festivals, Boot Key Harbor, shopping, and restaurants. No HOA adds even more flexibility. With weekly (7-day) rentals allowed, this property offers excellent versatility as a full-time residence, second home, or vacation rental/investment property. Move-in ready, furnished, weather-ready, and filled with Keys charm, this Marathon waterfront home is ready to become your next Keys getaway...

390 25th St, Marathon
$999,000
3 Beds ⋅ 3 Baths ⋅ 621097 MLS
THE LOWEST-PRICED UNIT CURRENTLY ON THE MARKET AT INDIGO REEF, OFFERED UNDER $1 MILLION! An incredible opportunity to own in one of Marathon's most sought-after Gulf-front communities at a price rarely seen. Fully Furnished, turn-key, and ready for its next owner! Tucked away on more than 10 acres along the Gulf of Mexico, Indigo Reef offers the perfect combination of privacy, resort-style amenities, boating, and convenience, all just minutes from the heart of Marathon. Villa 23 is a spacious 3-bedroom, 2.5-bath townhome offering approximately 1,600 sq. ft., an open-concept floor plan, vaulted ceilings in the primary bedroom, and beautiful, unobstructed Gulf views from inside the villa and its covered porches. Freshly painted interior in 2025, the home features tile flooring, granite countertops, stainless steel appliances, and comes fully furnished and turn-key. For boaters, a separately deeded 35-ft boat slip conveys with the property and is located just steps from the villa, with quick access to both the Gulf and Atlantic through Vaca Cut. Spend the day fishing or boating, then come home, pour a Key lime margarita, and watch another unforgettable Keys sunset from your own Gulf-view porch. Indigo Reef offers a heated resort-style pool, fitness room, ice machine, kayak storage, lush tropical grounds, gated entry, and generous owner storage in the climate-controlled HOA building with room for bikes, fishing gear, and more. The villa also includes a covered parking space conveniently located near the unit, with additional parking available. Weekly vacation rentals are permitted, offering flexibility as a vacation home, investment property, or your own private Keys escape. With open-water views, deeded boating, resort-style amenities, weekly rental potential, furnishings included, and a price under $1M, Villa 23 represents an exceptional opportunity at Indigo Reef. Don't miss your chance to own a piece of the Keys lifestyle at an incredible value. 3D tour ava

11600 1st Ave Unit 23, Marathon
$469,000
2 Beds ⋅ 2 Baths ⋅ 621093 MLS
Waterfront living with designated dockage at a price point that's increasingly hard to find in the Florida Keys. Welcome to Coral Club, ideally located in Marathon's highly desirable Sombrero Beach neighborhood. This spacious 2-bedroom, 2-bath condominium offers an open floor plan, a versatile bonus room perfect for an office or additional guest space, and a private balcony overlooking the canal. Start your mornings with coffee by the water, watch marine life pass by, and enjoy having your boat just steps from home with the opportunity for a designated dock slip, a standout feature in this price range. When you're not out on the water, Sombrero Beach is just a short walk or bike ride away, while grocery stores, restaurants, and the conveniences of Marathon are all nearby. Coral Club offers a heated swimming pool, clubhouse with full kitchen, tiki hut, and private storage room for fishing rods, bikes, beach gear, and all the toys that come with Keys living. Whether you're searching for a full-time residence, weekend escape, or investment property, this is an opportunity to enjoy the best of the Florida Keys lifestyle - waterfront living, dockage, pool, Sombrero Beach, and resort-style amenities all in one location.

389 N Anglers Dr Unit 206, Marathon
$1,539,000
3 Beds ⋅ 2 Baths ⋅ 621017 MLS
Proven rental income meets the Florida Keys lifestyle in this solid CBS Marathon home featuring 60 ft. of concrete dockage with instant Gulf access. This well-established weekly rental property averages $105K in annual gross rental income and boasts 144 VRBO reviews with a 9.8 rating. (Future rentals must be honored by buyer). Enjoy a heated cocktail pool with sun shelf and waterfall spa, plus a fenced, low-maintenance yard and ample paver parking for boat trailers, RVs, and vehicles. Additional highlights include impact windows and doors, a metal roof and two storage sheds. Come see why this established, beloved neighborhood is such a special place to call home!

1791 Grouper Dr, Marathon
$1,400,000
4 Beds ⋅ 3 Baths ⋅ 620983 MLS
Prime waterfront living on Sombrero Beach Road! This vibrant 4BD/3BA retreat (1,840 sq. ft.) delivers the total Florida Keys lifestyle. Walk to sandy Sombrero Beach, keep your boat at your private 30-ft dock with direct ocean access, and relax in your secluded tropical backyard with a private in-ground pool. An ideal personal getaway or income generator, boasting $45k+ rental income in 2025 and $60k+ in 2026. Beach, boat, pool, and proven performance--schedule your private tour today!

241 Sombrero Beach Rd Unit # 1, Marathon
$220,000
2 Beds ⋅ 2 Baths ⋅ 620980 MLS
One Owner. One Vision. One Seriously Good Price. Since 1981, this Florida Keys condo has had exactly one owner -- and he took excellent care of it. What he didn't do is renovate it, which means you're not buying someone else's idea of renovated. You're buying a blank canvas with great bones, and the lowest price tag on any condo in the entire Florida Keys. Upstairs: two bedrooms and a full bath, tucked away from the action. Downstairs: a convenient half bath and open floor plan with balcony. The layout works. The bones are solid. The rest is up to you. Outside, fresh paint gives the building a tropical look and covered parking means your car won't be baking in the sun when you get in. The neighborhood is quiet -- genuinely quiet, not ''quiet'' realtor-speak. Is it original condition? Yes. Is that a nice way of saying it needs updating? Also yes. But here's the thing: everyone's welcome to make it their own, and at this price, in this location, you can renovate exactly the way you want instead of living with someone else's 2019 flip-job decisions. This is the rare Keys listing where ''priced to move'' actually means something. Original charm, honest bones, and an entry point to island living that doesn't require winning the lottery first. HOA includes wind and flood insurance. Bring your vision (and maybe a paint roller). This one won't stay the cheapest condo in the Keys for long.

109 Stirrup Key Woods Rd Unit 1A1, Marathon
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