375000 INSTANT EQUITY MARATHON FL 5BR4BA TURNKEY LUXURY WATERFRONT 123FT DOCKAGE SELLER FINANCING AVAILABLE ARV 5400000

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$375,000 IN INSTANT EQUITY ON A DUCK KEY DEEPWATER ESTATE - 123 FEET OF DOCKAGE, 10-FOOT DRAFT, OPEN WATER. BUY-NOW $5,100,500. ARV $5,400,000. SELLER FINANCING AVAILABLE. You are getting it at $5,100,500 - with the deepest, longest private dockage of virtually any Middle Keys home at this price point. 123 feet of concrete dockage with a 10-foot draft on the open waters of Lake Lucille, Duck Key. That draft is the scarce asset - it accommodates a serious sportfisher or motor yacht that simply cannot get into most Keys canal properties. Dockage of this depth and length rarely trades in the Middle Keys, and it is what supports both the resale and the luxury-rental exit. PROPERTY HIGHLIGHTS 4,762 sqft, 5 bedrooms, 3 full baths + 1 half bath, built 1993, 0.55 acre gated parcel Concrete block (CBS) construction on pilings, tile roof, impact-resistant windows and doors Private resort-style pool, large heated spa, waterfall, covered cabana bar and exterior bath Travertine marble throughout, chef's kitchen with granite, wet bar, wine cooler, fireplace Two dramatic living areas, main-level primary suite opening to the pool deck Two-car garage plus massive lower-level storage Outdoor kitchen, built-in grill, gazebo, hot tub, privacy fencing, security system Open water views; rentals allowed per MLS data Zoning: IS (Improved Subdivision). 2025 taxes: $28,216 THE NUMBERS Asking (Starting Price): $5,050,000 Buy-Now: $5,100,500 ARV: $5,400,000 Estimated Reno: $0 - $10,000 - TURN-KEY. This is a finished, high-end estate. No rehab required. EMD: $25,000 INSTANT EQUITY AT BUY-NOW: approximately $375,000 TERMS COMPS AND VALUATION 154 N Indies Dr (direct neighbor, 4 bd / 4 ba, ~4,100 sqft): SOLD at $5,525,000 Subject was listed at $5,990,000 ($1,258/sqft) on 4/1/2026; listing removed 7/9/2026 Zillow Zestimate on the subject: $5,369,500 (estimated range $5.10M - $5.64M) Last arm's-length sale: $3,055,000 (July 2021) - the market has moved substantially since 2025 county assessment: $3,123,743 ARV of $5,400,000 is set conservatively BELOW both the neighboring closed sale and the subject's own retail asking price. LOCATION Duck Key, Marathon, Monroe County - the Middle Keys. Gated island community, minutes to Hawks Cay Resort, roughly midway between Key Largo and Key West on US-1. Open-water access. EXIT STRATEGIES Cosmetic refresh and resale at ARV - the retail buyer pool for deepwater Duck Key estates is thin but well-capitalized Luxury long-term rental (Zillow Rent Zestimate: $7,561/mo) or high-end seasonal/vacation rental - rentals are allowed Hold as a trophy asset: 123 feet of 10-foot-draft dockage is functionally irreplaceable in this market Take it down on seller-financed terms and hold, wrap, or resell after seasoning Phone: Property is being sold AS-IS, WHERE-IS. Buyer to pay all closing costs and title insurance. Cash or hard money only - no conventional or FHA financing. All offers require a $5,000 non-refundable earnest money deposit and an average 7-14 day close of escrow. Equal Opportunity Housing. Broker participation welcome at 3% on top of the buy-now price.

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