Indigo Reef is a 67 unit townhouse gated community situated on over 10 acres in Marathon. This beautiful and private location is the perfect spot for your second home in the Keys or to live year round.
Directly on the Gulf of Mexico, you will enjoy fantastic water views and breathtaking sunsets.
Each unit has a Gulf view and a 35′ deeded dock, for up to a 31′ boat. All units are identical in layout and all are 3 bedrooms, 2.5 baths and 1600 sq. ft.
You can rent these homes weekly for vacation rental income. There is no on-site rental office. You can choose which rental agent or company to use.
- Built in 2006
- Frame construction with metal roofs
- These are Townhomes, not Condos. Monthly HOA fee does not include insurance. Contact me for estimate of expenses.
- 3 bedrooms, 2.5 baths, 1600 sq. ft. of living area
- 35′ deeded dock – maximum boat permitted by HOA is 31′. No boat lifts permitted.
- Gulf of Mexico views
- Tile floors
- Granite counters and stainless appliances in the kitchen
- Small fitness room in the community building
- Rent weekly for income, choose the rental agent you want or rent it yourself
- Closing Costs: When you purchase a unit, you will be required to pay a working capital contribution at Closing that is 2x the monthly HOA fee.
- Some slips are located on baybottom that is leased from the State of Florida. A tax is due to the State at closing, ask me for details.
Currently Listed For Sale – Be sure to click on the address to view the current status. It could be under contract – “pending”.
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.
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I’m the Indigo Reef expert! As of June 2021, I have sold 30 homes in Indigo Reef! If you want to sell or buy, you need to call me!
A little on the history of Indigo Reef: Original owners purchased directly from the developer and paid from $1.1 – 1.6M. Thus, when the market went down, many found themselves in a short sale or foreclosure. Between 2009 and 2011, there were 29 distressed sales and 3 regular sales. In 2012 there were 3 distressed sales and 3 regular sales ($530,000, $550,000 and $650,000). In 2013, there were 7 sales (5 distressed). The majority of these distressed sales are now gone and prices are beginning to increase, as the demand for these properties has always been high.
The homes are townhouses, and are considered like a single family home. They are not condos. Each unit is responsible for paying their own insurance and taxes and pays a homeowner association fee to take care of the common grounds.
The pool is large with room for many and is situated among tropical landscaping.
Each townhome has their own covered parking space. There is additional parking space available as you enter the property. There are also 9′ x 9′ air conditioned storage spaces, located in a separate building on site (subject to availability).