$3,495,000
 $18,762 est/mo Sourced by Back At You

58652 Overseas Highway,MARATHON, FL 33050

MARATHON, FL 33050

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Description

Enter the bougainvillea-lined gates of Casa Feliz, a private oceanfront retreat on Grassy Key offering expansive water views, a white sand beach, and resort-style living. A strong-producing vacation rental with established history and future bookings in place, this exceptional estate presents an attractive investment opportunity. Set on more than 24,000 square feet of lush grounds with mature landscaping, fruit trees, fresh herbs, and .29 acres of bay bottom, Casa Feliz is designed for relaxation and entertaining. An observation pier provides access for kayaking, paddleboarding, fishing, and enjoying abundant marine life. Dockage is available nearby at Duck Key Marina or Grassy Key Marina, if desired. The property's unique orientation captures both sunrise and sunset views, a rare feature in the Keys. Outdoor amenities include a saltwater pool with cascading waterfalls, spillover spa, and a fully equipped poolside cabana featuring a wet bar, refrigerator, ice maker, and cooking area. A fire table and beachside fire pit offer inviting spaces to gather beneath the stars. Completely renovated down to the studs in 2022, the three-story residence was redesigned to maximize ocean views throughout. Four custom bedroom suites, each with a private en-suite bath, comfortably accommodate guests. The top-floor penthouse suite features a private balcony, 180-degree ocean views, custom 96-inch circular bed, and kitchenette with coffee station. Accordion impact-glass doors create a seamless connection between indoor and outdoor living. The gourmet kitchen features Café appliances, an induction cooktop, quartz countertops, mosaic tile backsplash, wine cooler, glass shelving, and multiple dining areas. Additional highlights include a movie theater, library loft, Control4 smart technology, custom millwork, and a mural by a local artist. Come discover why Grassy Key is the place to be.

Details

MLS #619913
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1981
Days On Site101
Listing Provided ByOcean Sotheby's International | Ally Kelley

Features

Bed(s)4
Bath(s) 4 Total
SQ Feet2,429
PoolYes
ZoningRM - Residential Medium
Acreage0.85
Water FrontYes
Property ViewOpen Water View, Ocean

Taxes

Property14033

Area Information

StateFL
CountyMonroe
CityMARATHON
Zip Code33050
Area19 Crawl Key & Grassy Key
Community NameCrains Sub (58.0)
Listing VS Median (in Crains Sub (58.0))
Price:
$3,495,000
low | high
Med:
$1,995,000
92.918454935622% of Average
sqft:
2,429
low | high
Med:
1,896
71.943186496501% of Average
$ / sqft:
$1,439
low | high
Med:
$1,052
76.871796961301% of Average
On site:
101
low | high
Med:
118
85.593220338983% of Average
Sourced by Back At You

Market Activity 33050

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The data relating to real estate for sale on this web site come s in part from the Internet Data Exchange program of the Marathon and Lower Keys Association of REALTORS®, Inc. MLS. Real Estate listings held by brokerage firms other than Key Colony Beach Realty, Inc. are marked with the MLS logo and detailed information about them includes the name of the listing broker’s office.

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Learn More About This Property

StateFL
CountyMonroe
CityMARATHON
Zip Code33050
Area19 Crawl Key & Grassy Key
Community NameCrains Sub (58.0)
Listing VS Median (in Crains Sub (58.0))
Price:
$3,495,000
low | high
Med:
$1,995,000
92.918454935622% of Average
sqft:
2,429
low | high
Med:
1,896
71.943186496501% of Average
$ / sqft:
$1,439
low | high
Med:
$1,052
76.871796961301% of Average
On site:
101
low | high
Med:
118
85.593220338983% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $2.621M - $4.368M
sqft: 1,500 - 3,000
Listing Updated: August 22, 2026 at 11:40:47 AM PDT