1. Single-Family Homes in Marathon and Key Colony Beach
Single-family homes in
Marathon and Key Colony Beach are top choices for vacation rentals due to their weekly rental allowances. Waterfront properties, particularly those on canals or with ocean access, command premium rental rates. However, note that some neighborhoods, like Stirrup Key in Marathon, have homeowner’s associations (HOAs) that prohibit short-term rentals, so always confirm HOA rules before investing.
Why Invest?
Waterfront homes attract high demand from vacationers.
Marathon and Key Colony Beach offer a relaxed, tourist-friendly vibe.
2. Half Duplexes and Full Duplexes
Duplexes and half-duplexes are especially popular in
Key Colony Beach for vacation rentals. These properties offer flexibility, allowing owners to rent one or both units while potentially using the other for personal use. Like single-family homes, duplexes in Marathon and Key Colony Beach benefit from the weekly rental allowance, making them excellent income producers.
Why Invest?
Dual rental potential increases revenue streams.
Popular with families and groups seeking spacious accommodations.
Waterfront duplexes are highly desirable.
3. Condos and Townhouses
Not all condos and townhouses in Marathon and Key Colony Beach allow weekly rentals, but those that do are excellent income-generating options. Below is a list of complexes known to permit weekly (or shorter) rentals, though you should always verify with the condo association before purchasing:
Indigo Reef Resort, Casa Calra Key Colony Beach, Monte Christo, Always check the condo’s bylaws, as restrictions may apply even in Marathon.
Why Invest?
Condos often have lower maintenance responsibilities due to association management.
Weekly rental allowances boost income potential.
Waterfront condos are highly sought after by vacationers.
Tips for Maximizing Your Investment
Focus on Waterfront Properties: Properties with canal or ocean access consistently attract higher rental rates and occupancy.
Verify Rental Rules: Confirm zoning and association regulations to ensure weekly rentals are permitted. For condos, request a copy of the association’s bylaws.
Consider Seasonal Demand: Weekly rentals enable you to capitalize on both peak (winter and summer) and shoulder seasons (spring and fall).
Work with a Local Expert: A real
estate agent familiar with the Middle Keys can guide you to properties with proven rental histories and compliant zoning.
Conclusion
For investors seeking income-producing properties, the Middle Keys—particularly Marathon and Key Colony Beach—offer unmatched opportunities in the Florida Keys. With the ability to rent single-family homes and duplexes every week and select condos with favorable rental policies, these areas offer flexibility and high return potential. Focus on waterfront properties and verify all zoning and association rules to ensure your investment aligns with your income goals. Start your search in Marathon and Key Colony Beach today to tap into the lucrative vacation rental market!
Disclaimer: Always consult with a local real estate professional and verify zoning and association rules before purchasing an income property.
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Coldwell Banker Schmitt Real Estate
International President's Circle Since 1999
Senior Buyers/Sellers Agent, ABR
11050 Overseas Highway,
Marathon, Fl 33050
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