Located in Marathon's desirable Sombrero area, this waterfront home combines immediate boating access, thoughtfully designed outdoor living, and close proximity to Sombrero Beach. The property offers 76 feet of waterfront, a 40-foot dock, and immediate access to open water--an ideal setup for fishing, diving, or simply enjoying life on the water. When you're not on the boat, Sombrero Beach is just moments away. Recent improvements totaling more than $300,000 have transformed the outdoor spaces into an extension of the home. A custom pool and spa with sun shelf, travertine decking, outdoor grilling and bar area, updated landscaping, extensive landscape lighting, multiple covered and screened patios are among the property's notable upgrades. A climate-controlled 500-square-foot lower-level bonus area provides additional flexible space for storage, recreation, hobbies, or a home gym. The property has also proven itself as a highly successful vacation rental, with 2026 year-to-date income and existing future bookings already exceeding $100,000 net to the owner. The assumable flood insurance policy, currently just $1,289 per year, further enhances the property's appeal. Looking ahead, existing architectural plans provide the opportunity to add three additional bedrooms, creating a five-bedroom home and further maximizing this sought-after Sombrero Beach location. Enjoy the home as it is today, with its proven rental performance, while retaining the option to expand in the future. Immediate boating access, proximity to Sombrero Beach, thoughtfully designed outdoor living, proven rental performance, and future expansion potential come together in a property that offers the best of Keys living.
Single-familyProperty Type
1981Year Built
10,005 sq ftLot Size
$1,397Price/Sq.Ft.
Listed by Tracy Chacksfield• Berkshire Hathaway HomeServices Keys Real Estate
Established vacation rental property steadily producing significant rental income! This turn-key home is less than a mile from Sombrero Beach & situated on a recently dredged canal that provides immediate ocean access from its 40 ft. dock w/ potential to expand. Both Ocean & canal views pour into the masterfully renovated living spaces filled with high-end finishings including dreamy quartz kitchen, crown molding & plank tile flooring. Exquisite master suite w/ spacious spa-inspired bath, walk in-closet & private balcony access. The over-sized, tropically landscaped fenced lot maximizes privacy while enjoying the screened & heated pool. Just off the pool, a large enclosed bonus space. Updates like hardi board siding, hurricane impact windows/doors & metal roof proved their worth w/ Irma
MARMLS #A10874907
Jul 13, 2020
Listing Removed
—
Jun 12, 2020
Listed
$980,000
$838/sq ft
FLKMLS #591194
Jul 4, 2020
Listing Removed
—
Jun 10, 2020
Listed
$980,000
$838/sq ft
FLKMLS #524082
Dec 2, 2004
Sold
$735,000
$628/sq ft
Oct 15, 2004
Listed
$765,000
$654/sq ft
FLKMLS #518032
Nov 20, 2003
Sold
$595,000
$509/sq ft
Sep 2, 2003
Listed
$595,000
$509/sq ft
Public Records
Mar 20, 1998
Sold
$200,000
$171/sq ft
Public Records
Mar 1, 1986
Sold
$99,000
$85/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$13,208 (+2.9%)
2024
$12,833 (+6.4%)
2023
$12,060 (+10.7%)
2022
$10,894 (+27.3%)
$722,861 + $322,870
$1,045,731
2021
$8,558 (+5.1%)
$420,210 + $339,799
$760,009
2020
$8,143 (−0.3%)
$420,210 + $309,731
$729,941
2019
$8,171 (+3.1%)
$420,210 + $309,731
$729,941
2018
$7,924 (+38.7%)
$395,198 + $339,605
$734,803
2017
$5,715 (−0.2%)
2015
$5,724 (−1.5%)
2014
$5,812
Public record
Public record
Zoning
Beds
2
Baths
2
Stories
2
Lot width
—
Lot depth
—
Lot size
10,005 Sq. Ft.
Year renovated
2007
Finished Sq. Ft.
1,170
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,170
Year built
1981
Style
Single Family Residential
County
Monroe County
APN
1466 32 00354940000000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 9, 2026.
RM
Residential Medium District
The RM District is intended to establish areas of low-to medium-density residential uses characterized principally by single-family detached and two-family dwellings, designated within the Residential Medium RM future land use category on the Future Land Use Map FLUM.
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Housing-Other
Infrastructure
Housing-Mobile home park
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
Heat Factor
We're working on getting current and accurate heat risk information for this home.
10/10 Wind Factor
99% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Marathon, FL • 33050
Average low and high temperatures (°F)
72
64
75
68
79
71
80
75
85
79
88
82
89
82
89
82
87
79
83
78
79
73
76
70
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
98/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 10% for direct sun exposure in Marathon. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.1 hrs
7.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 540 Sombrero Beach Rd
$1,550,289
$85K under list price of $1.64M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $940K to $1.9M.