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Turnkey island getaway in the heart of Marathon! This charming 1-bedroom, 1-bath home at 5301 Ocean Terrace comes fully furnished and ready for immediate enjoyment. HOA redid all the piping throughout the building, HOA includes pool usage and Boat slips of 28ft. Come see this unit today!

Highlights

  • Residential
  • Condominium
  • Built in 1971
  • $825/mo HOA
  • Waterfront
  • 60 days on Market

  • Bedrooms
    1
  • Bathrooms
    1
  • Year Built
    1971
  • Stories
    2.0
  • Architectural Style
    Other
  • Construction Materials
    Aluminum Siding
  • Living Area
    656.0
  • Interior Features
    Master Downstairs
  • Appliances
    Microwave, Disposal
  • Flooring
    Tile
  • Furnished
    Furnished
  • Exterior Features
    Other
  • Patio And Porch
    Deck
  • Security Features
    Other
  • Cooling
    Central Air, Electric
  • Heating
    Central

  • Lot Features
    Waterfront
  • Water Front
    Yes
  • View
    Bay

  • Area
    5940 Florida Other
  • County
    Monroe
  • City
    Marathon
  • Neighborhood
    TRADE WINDS WEST
  • Zip Code
    33050

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Frequently Asked Questions

How do I schedule a tour of 5301 Ocean Ter #1?

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 Ter #1.

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 Ter #1?

Click Ask a Question to talk with our team. You already know it is a 1 bed, 1 bath, listed for $330,000. 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 do I get a virtual tour of 5301 Ocean Ter #1?

Yes! A virtual tour is available for 5301 Ocean Ter #1. Click here to view the full walkthrough and explore every room at your own pace. If you would like a guided virtual showing or have questions along the way, we can connect you with our local expert to walk you through it live.

How much is the monthly mortgage payment for 5301 Ocean Ter #1?

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 Ter #1 at around $2,195. 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 Ter #1?

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 Ter #1?

In most cases, yes. Whether 5301 Ocean Ter #1 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 Ter #1?

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 $330,000 with 656 sqft of space—that comes out to approximately $503 per square foot.

How long has this property been on the market?

5301 Ocean Ter #1 was listed on September 14, 2026, which means it's been on the market for 60 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 Ter #1?

The most recent public record shows annual property taxes for 5301 Ocean Ter #1 were approximately $3,802. 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 $825 paid monthly.

This covers access to community features including: Boat Dock, Boating.

Is 5301 Ocean Ter #1 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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Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Copyright 2026, MIAMI REALTORS MLS. All rights reserved.

Last Updated: November 13, 2026 at 10:53AM | Source: MIAMI REALTORS MLS | MLS#: A12088612