587 116th Street Ocean
Marathon, FL 33050
2 bd 1 ba 832 sqft Built 1969 Lot 2,750 sqft single_family
Most recent sale
$469,000
Apr 27, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 19, 2025 | Sold | $539,900 | Public Record |
| May 16, 2025 | Listing removed | $539,900 | FloridaKeys |
| Apr 28, 2025 | Sold | $539,900 | FloridaKeys |
| Feb 22, 2025 | Listed | $539,900 | FloridaKeys |
| Sep 2, 2024 | Listing removed | $420,000 | Marathon |
| Apr 27, 2022 | Sold | $469,000 | MLS #600101 |
| Mar 23, 2022 | Price changed | $479,000 | MLS #600101 |
| Mar 13, 2022 | Listed | $489,000 | MLS #600101 |
| Aug 4, 2021 | Sold | $355,000 | Public Record |
| Jul 16, 2020 | Listing removed | $349,000 | FloridaKeys |
| Jan 24, 2005 | Sold | $275,000 | Public Record |
| Jun 4, 2003 | Sold | $165,000 | Public Record |
| Jan 18, 2001 | Sold | $133,000 | Public Record |
| Jun 17, 1999 | Sold | $112,000 | Public Record |
| Jul 30, 1997 | Sold | $89,900 | Public Record |
| Jun 17, 1987 | Sold | $60,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $175,069 | $242,688 | $417,757 | $4,225 |
| 2023 | $163,824 | $242,688 | $406,512 | $4,328 |
| 2022 | $152,460 | $188,375 | $340,835 | $3,679 |
| 2021 | — | — | $100,587 | $1,424 |
| 2020 | — | — | $99,199 | $1,398 |
| 2019 | — | — | $96,968 | $1,372 |
| 2018 | — | — | $95,160 | $1,330 |
| 2017 | — | — | $93,203 | $1,305 |
| 2016 | — | — | $91,286 | $1,303 |
| 2015 | — | — | $90,651 | $1,315 |
| 2014 | — | — | $89,932 | $1,320 |
| 2013 | — | — | $109,054 | $1,517 |
| 2012 | — | — | $114,437 | $1,564 |
| 2011 | — | — | $111,199 | $1,523 |
| 2010 | — | — | $137,245 | $1,801 |
| 2009 | — | — | $142,244 | $1,758 |
| 2008 | — | — | $202,993 | $1,975 |
| 2007 | — | — | $278,776 | $2,609 |
Property facts
Year built
1969
Property type
single_family
Stories
—
Beds
2
Baths
1
Living area
832 sqft
Lot size
2,750 sqft
ZIP code
33050
City
Marathon
Street
116th Street Ocean
Coordinates
24.72812, -81.03211
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,539
Gross rental yield
3.94%
Implied cap rate
2.56%
Trend-extrapolated value
—
Frequently asked questions
When did 587 116th Street Ocean last sell?
587 116th Street Ocean most recently sold on Apr 27, 2022 for $469,000.
What is the current tax assessment for 587 116th Street Ocean?
The most recent total assessment for 587 116th Street Ocean (year 2025) is $417,757 with $4,225 in property tax.
How does 587 116th Street Ocean's assessment compare to its last sale price?
The current assessment is 10.9% below the last sale price of $469,000.
When was 587 116th Street Ocean built?
587 116th Street Ocean was built in 1969.
How does 587 116th Street Ocean compare to others on 116th Street Ocean?
We track 6 other properties on 116th Street Ocean. Browse the list under "Other properties on 116th Street Ocean" to compare beds, baths, and sale history.
What are the property facts for 587 116th Street Ocean?
587 116th Street Ocean is a 2 bed, 1 bath, 832 sqft, 2,750 sqft lot single_family.
Is 587 116th Street Ocean a flip candidate?
Yes — 587 116th Street Ocean appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 587 116th Street Ocean a tax-appeal candidate?
No — 587 116th Street Ocean is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-4.1%
Implied 1-yr
-16.5%
2026 Q3
$819.1K
2026 Q4
$772.9K
ZIP 33050 — Median Price History + Forecast
Explore nearby
Geography
Other properties on 116th Street Ocean