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Welcome to your perfect waterfront retreat! This condo is located at the end of the building and has been beautifully maintained. Comes fully furnished, move-in ready and offers everything you need for comfort and convenience. Step inside to an inviting, open-concept living space that shows very well. Kitchen features quartz countertops, tasteful backsplash and new stainless steel appliances. Enjoy peaceful mornings and relaxing evenings on the screened-in porch overlooking the water, the ideal spot to unwind and take in the view. The condo's prime central location puts you just minutes away from shopping, grocery stores, dining, and your favorite food and beverage spots--everything you need is right at your doorstep. Bonus storage closet outside entrance for your gear. Complex offers heated swimming pool, outdoor common area, on-site laundry and boat dockage. Easy keys living awaits! Call Today!

Highlights

  • Residential
  • Condominium
  • Built in 1971
  • $850/mo HOA
  • Waterfront
  • 159 days on Market

  • Bedrooms
    1
  • Bathrooms
    1
  • Year Built
    1971
  • Parking Features
    Off Street, Assigned, Guest
  • Interior Features
    Storage
  • Appliances
    Dishwasher, Microwave, Range, Stainless Steel Appliance(s)
  • Flooring
    Tile
  • Furnished
    Furnished
  • Exterior Features
    Storage
  • Pool Features
    In Ground, Salt Water
  • Cooling
    Ductless

  • Water Front Features
    Canal Front
  • Water Front
    Yes
  • View
    Canal
  • Utilities
    Cable Available

  • Area
    13 - 7 Mile Bridge to Sombrero Bch Rd E & W
  • County
    Monroe
  • City
    Marathon
  • Neighborhood
    Tradewinds West (50.0)
  • Zip Code
    33050

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Frequently Asked Questions

How do I schedule a tour of 5301 Ocean Terrace #APARTMENT 2?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 5301 Ocean Terrace #APARTMENT 2.

They know residentials in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 5301 Ocean Terrace #APARTMENT 2?

Click Ask a Question to talk with our team. You already know it is a 1 bed, 1 bath, listed for $365,000. We can talk through recent upgrades, potential seller motivation, how this condominium compares to others in Marathon, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 5301 Ocean Terrace #APARTMENT 2?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 5301 Ocean Terrace #APARTMENT 2 at around $2,323. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 5301 Ocean Terrace #APARTMENT 2?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Monroe County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 5301 Ocean Terrace #APARTMENT 2?

In most cases, yes. Whether 5301 Ocean Terrace #APARTMENT 2 is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Marathon's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 5301 Ocean Terrace #APARTMENT 2?

We can handle that for you. Our preferred local agent specializes in residentials in Marathon and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $365,000 with 656 sqft of space—that comes out to approximately $556 per square foot.

How long has this property been on the market?

5301 Ocean Terrace #APARTMENT 2 was listed on June 08, 2026, which means it's been on the market for 159 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1971, making it approximately 55 years old.

What are the property taxes for 5301 Ocean Terrace #APARTMENT 2?

The most recent public record shows annual property taxes for 5301 Ocean Terrace #APARTMENT 2 were approximately $2,945. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is there an HOA fee for this property, and what does it cover?

This home has an HOA fee of $850 paid monthly.

Is 5301 Ocean Terrace #APARTMENT 2 still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2026 Florida Keys Board of REALTORS®, Inc.