TRANQUILITY BAY

Tranquility Bay is a beautiful resort in Marathon, Florida.   87 Key West style townhouses, condos and a few time shares are situated on a tropically landscaped property with sandy beach, two pools, putting green, fitness center, beach front tiki bar and a gourmet restaurant.  2 bedroom and 3 bedroom units are available.  24 units are located directly on the Gulf of Mexico, about 16 of them are right in the sand, the other 8 are situated on Dolphin Lagoon (no dolphins, just the name!)  The remaining units are located around one of the 2 pools or the putting green.  Each home offers a view of the Gulf of Mexico.

 

Tranquility Bay for sale Marathon Fl

 

Tranquility Bay Current Listings

Featured Properties:

Unit 34 – 3 bedroom for sale

Unit 45 – 3 bedroom end unit for sale  Under Contract!

Unit 60 – 3 bedroom end unit for sale

Unit 72 – 2 bedroom for sale

Unit 73 – 3 bedroom for sale

Units 1-52 and 75-87 are fee simple owned townhomes.  They are NOT condos.  However, the land they sit on is a condo, so the Association is referred to as a Condo Association.  For these units, the owner is responsible for their own insurance and maintenance of the unit.

The remaining units (53-74) are condos and are a Condo Association.  The Association is responsible for the insurance and exterior maintenance.

There is also a Master Homeowner’s Association that is over both of the other Associations which handles all the common areas. Contact me for a copy of the HOA/Condo documents and budget.

FINANCING:  Units are individually owned and can be rented short term (less than a week) through the resort.  You are not able to live here full time, this is designated as a “condo hotel”.  Because of this designation, financing options are limited.  Typically, what you can expect is a 5/1 ARM and I would suggest a local bank:  Lori Bailey at  First State Bank or Mike Kiraly at Centennial Bank.

RENTALS:  All units must be rented through the resort.  Owners get 12 weeks of personal use per year.  For more information about the rental program, please contact the resort at 305-289-0888.

PLEASE NOTE:  The developer has the first right of refusal on all contracts.  This means that he can buy the property from the seller at the price you negotiated.  Once we put a property under contract, we have to request a waiver of his first right of refusal before we can close.

First-time on my website?  Welcome! At some point in your search for properties, you’ll be asked to register and create an account or “portal”.  By registering, you have access to free search tools including the ability to save listings and property searches and to email me directly about a property.  Contact me if you have any questions at 305-766-1745 or by email. Thank you!

While you’re here, sign up for my Weekly Market Report – each Friday, receive in your Inbox:  new listings, price changes, sales, pending sales, back on the market, “What I Would Buy” (good deals) & more!  It’s my clients’ favorite Friday email!  

 

2013 TRANQUILITY BAY SALES

Tip:  You can sort the list by Sold Date, Price, Bedrooms, etc.

2011-2012 Sales:

  • #9 – 2 bedroom $233,000 12/14/12 (Plus $15k for furnishings)  My Sale! Foreclosure
  • #52 – 2 bedroom $259,000 9/5/12 (My Sale!) Short Sale
  • #77 – 3 bedroom beachfront $341,000 8/16/12 Foreclosure   (My Sale!)
  • #86 – 3 bedroom Gulf front (lagoon) $315,000  6/22/12 Short Sale
  • #51 – 2 bedroom – $240,000 unfurnished 6/12/12 Foreclosure
  • #18 – 3 bedroom – $350,000 6/8/12
  • #79 – 3 bedroom direct Gulf front – $350,000 5/17/12 Short Sale
  • #40 – 2 bedroom Beachfront – $340,000 4/2/12 (my sale!) Short Sale
  • #74 – 3 bedroom handicapped unit  (220 sq. ft. more than a regular 3 bedroom), – $385,000 3/30/12
  • #47 – 2 bedroom – $259,900 2/16/12 Foreclosure
  • #20 – 3 bedroom – $285,000 1/25/12 (my listing and my sale!) Short Sale
  • #84 – Direct Gulf front 3 bedroom – $375,000 11/30/11 Short Sale
  • #11 – 2 bedroom – $260,000 – 9/8/11 Foreclosure
  • #23 – 3 bedroom – $312,500 – 6/2/11
  • #43 – 2 bedroom beachfront – $362,500 – 5/13/11 (my listing and my sale!) Short Sale
  • #46 – 2 bedroom – $265,000 5/13/11 (my listing and my sale!) Short Sale

 

 

Tranquility Bay for sale Marathon Fl

 

 

Tranquility Bay for sale Marathon Fl

43 porch view w chairs adult pool with gulf behind
Tranquility Bay-Gazebo and beach Beach grass
Tranquility Bay-Adult pool-putting green beach chairs and umbrellas pano
Tranquility Bay-3 bedroom-living area Tranquility Bay-lagoon pool-view from unit 20
Tranquility-2 bedroom-Master bedroom Tranquility Bay-2bedroom-Living-Dining
Tranquility Bay-beach units Middle row of units-1

Tranquility Bay for sale Marathon Fl

 

Tranquility Bay for sale Marathon Fl

 

Tranquility Bay

 

Tranquility Bay-Floor plan 3 bedroom

 

Floor plans 2 bedroom