Beautiful, 2021-built, fully furnished 2/2 home offers 960SF of living space with stunning Atlantic Ocean views. The spacious kitchen is perfect for entertaining. Sold with a landlease (~$1,249/mo.) covering ext. maint. & RE taxes. Enjoy exclusive community amenities: modern lounge,fire pits, sundeck, & outdoor kitchen. Ideal move-in ready home or vacation rental!
This extraordinary 1.5-acre, resort-style estate is a rare gem, offering unmatched luxury, privacy, and investment potential. Nestled on 3 platted lots with 500 feet of pristine water frontage, this property offers endless possibilities: preserve as a private oasis, subdivide, or build an additional home to expand your vision. Offered $1.5 million under the 2024 appraisal, this exceptional estate creates instant equity and is a unique opportunity for discerning buyers. Boasting immediate access to the Atlantic Ocean, this estate is a boaterâ??s paradise, ideal for world-class fishing, diving, and water adventures. The private boat basin accommodates vessels up to 60 feet, complemented by a newly installed 28,000-pound boat lift and a 10,000-pound jet ski lift, making it a dream for boating enthusiasts. Inside, the home is thoughtfully designed with vaulted ceilings, expansive hallways, and a bright, open layout that exudes elegance and comfort. Natural light floods the spacious living areas, showcasing breathtaking water views from nearly every room. This property is perfect for entertaining, offering 7 bedrooms and 7 bathrooms, providing ample accommodations for guests and significant vacation rental income potential. Outdoors, the newly renovated saltwater pool and spa are surrounded by lush tropical landscaping, creating a serene retreat. A lighted tennis court, gazebo, and peaceful palm grove further enhance the resort-style experience. Whether you're relaxing by the pool, playing a match on the tennis court, or taking in the stunning waterfront views, the outdoor spaces are designed for unforgettable moments. Additional features include hurricane-rated windows and doors, a whole-house generator, a large cistern, and a state-of-the-art ADT security system for peace of mind. A modern in-house gym and private guest quarters add to the convenience and luxury of this spectacular home. Located just one block from Sombrero Beach, this estate offers the perfect blend of tranquility and accessibility. With Marathon Airport only minutes away, you can easily fly into this tropical paradise or enjoy a scenic drive along the iconic Overseas Highway. This premier estate embodies the best of the Florida Keys lifestyle, combining modern amenities, timeless elegance, and an unbeatable location. Donâ??t miss this rare opportunity to own a piece of paradise.
Experience breathtaking open water vistas from each room through the expansive screened-in balcony. This Marina Villa condo showcases a split bedroom design, where the primary bedroom and its ensuite connect to one bedroom which feature twin beds, while the second suite and bathroom provide guest privacy at the opposite end of the residence. The condo boasts numerous enhancements, such as custom tile inlays in the bathrooms, tile and high-end vinyl flooring, and a fully equipped kitchen with a double bowl farmhouse sink. Additional storage cage on the ground level to store bikes and water toys. Covered parking available on the ground level with an elevator for added convenience. It is part of the Preferred rental program with a proven rental income.
Stunning Ocean Views! This is an amazing 2 bedroom 2 bath condominium situated overlooking the pristine waters at Hawks Cay Resort and Marina. Located on the prestigious island of Duck Key in the beautiful Florida Keys. This condo is beautifully upgraded with the Hawks Cay Resort Coastal furniture package, impact resistant windows/sliders, stainless steel appliances and is located in a very prime waterfront area at Hawks Cay Resort. Close to both the main resort, marina and restaurants. Take advantage of 61 acres of resort amenities if registered in the resorts rental program and earn income while not using the property. Keep all of your water toys secure in the external storage cage area included on lower level behind the garage. Covered and uncovered parking available on ground level.
Discover an exceptional opportunity to own a three-bedroom, two-bathroom condominium within the prestigious Hawks Cay Resort. This unique floor plan is located in one of just two buildings approved for year-round residential living, making it perfect as a full-time residence, a vacation retreat, or a lucrative investment property. Designed with an open-concept layout, this condo has seen minimal rental use, preserving its pristine condition. The screened-in porch spans the entire backside of the unit, offering breathtaking views and easy access through sliding doors from two bedrooms and the living area. Custom blinds throughout the interior add to its refined coastal charm. The kitchen stands out with upgraded countertops and stainless-steel appliances, blending style and functionality.
Welcome to a breathtaking beach house in Tranquility Bay Resort, where luxury meets profitability. This 3-bedroom, 3-bathroom waterfront townhome offers the perfect blend of a tropical escape and an income-producing investment.Nestled in an idyllic location just steps from the Gulf and pristine white sandy beaches, this stunning property boasts direct open-water views of the bay. The ground floor features a spacious living area, a convenient half bathroom, and a private porch perfect for relaxing or entertaining. Upstairs, the primary bedroom includes an en-suite bath and a large private porch with mesmerizing water views, while two additional guest bedrooms, a full bathroom, and a laundry area complete the second floor.Tranquility Bay Resort offers an array of amenities, including two resort-style pools, a sandy beach, a tiki bar for sipping cocktails while enjoying stunning sunsets, a fitness center, a Jack Nicklaus putting green, and the award-winning Butterfly Cafe. With beautifully landscaped grounds and endless opportunities for watersports, this is the ultimate destination for relaxation and recreation.As one of the top income-producing properties in the Middle Keys, Tranquility Bay Beach Homes have earned multiple TripAdvisor awards and are a favorite among guests. Owners can enjoy up to 35 days annually for personal use while generating rental income. On-site management handles all operations, providing effortless ownership and peace of mind.This turnkey property is more than a home--it's your opportunity to balance personal enjoyment with smart investment potential. Experience the Florida Keys lifestyle, where relaxation and returns meet. Don't wait--your slice of paradise awaits at Tranquility Bay Resort!
This extraordinary Mid-Century modern single-family home is a private tropical oasis at the (rarely available) end of a canal with direct-ocean access. The luxury resort-style patio features Travertine tile, a heated pool with a sun shelf, and custom landscape lighting for evening entertaining. The home's original craftsmanship is high-lighted by tongue and groove Florida Pine ceilings, grand archways, and wooden beams. The floor to ceiling windows and doors provide for natural light flowing into the home from sunrise until sunset. The open-concept living area connects to an updated kitchen with stainless steel appliances and granite countertops. The master suite boasts a hand-scraped Acacia Hardwood accent wall, barn doors, an oversized Travertine shower, and a floating sink. Two additional bedrooms in a separate wing provide guest privacy with a shared updated bathroom with an Italian marble shower.This oversized fenced lot at 8,362 sq/ft provides a tropical sanctuary in paradise. Whether you're looking for an established and profitable rental property or you're ready to embrace the dream of a Florida Keys lifestyle, this turnkey property delivers.
Sprawling Sombrero Beach newly renovated retreat on an oversized lot with pool, private sandy beach and Open Water Views! Currently utilized as a successful vacation rental this home boasts loads of space and elevated amenities for a family or income-producing investment opportunity! An expansive dock allows for shallow draft boating, kayaking and paddle boarding adventures with ease, just minutes to excellent fishing and diving. Fillet your fresh catch at the convenient fillet station. Cool off after a day on the water in the in-ground pool, and enjoy a cocktail paired with stunning Sunset Views in the shade of a tiki hut from your private sandy beach! Inside, this home boasts two spacious floors with loads of room to relax and unwind. Downstairs, a generous guest bedroom and bonus room used as fourth bedroom are located just off of a sizable recreational room with access to a large covered porch and the sparkling pool beyond. Upstairs features gorgeous Open Water Views as the focal point of the open concept main living space. The newly designed kitchen features quartz counters, new cabinetry & appliances surrounded on all sides by walls of impact glass and Open Water Views, an ideal backdrop for cooking and entertaining. The well-appointed primary suite comes complete with walk-in closet, porch access, and new ensuite bathroom. An additional guest bedroom offers comfortable accommodation also with newly renovated en suite bathroom. The sprawling upstairs covered porch provides ample space for grilling and al fresco dining. Take in breathtaking views of the Open Ocean, beach, pool, and manicured yard from this breezy vantage point. Nestled on nearly half an acre, with lush tropical landscaping, this spectacular property feels tranquil and private while still just minutes to Sombrero Beach, fantastic restaurants, and grocery stores in town.
Discover Paradise at Tranquility Bay Beach House Resort in the Florida Keys. Step into your very own two-bedroom tropical retreat in the heart of Marathon! This stunning villa offers breathtaking ocean and pool views, all while being just steps from the resort's premier amenities. Whether you're seeking the ultimate Florida Keys getaway or a savvy investment opportunity, this property delivers it all. With excellent rental income potential, it's a smart choice for investors looking to balance relaxation with returns. Picture yourself unwinding on the beautifully landscaped grounds, taking a dip in one of two tropical pools, a morning workout session in the fitness center, or a stroll along the pristine white sandy beach, your paradise awaits.
Immerse yourself in a tropical paradise where luxury knows no bounds. This breathtaking five-acre oceanfront estate, with 244 feet of private ocean frontage, is the crown jewel of the Florida Keys. From the moment you pass through the gates, you'll be captivated by a world of elegance, privacy, and unparalleled amenities. At the heart of this premier estate lies a resort-style pool oasis, complete with waterfalls, a waterslide, and a Tahitian-style river with private bedroom balconies offering entrance to the pool and leading to a swim-up tiki barâ??perfect for lavish entertaining or tranquil escapes. The custom-designed 5,600+/- square foot main residence by D'Asign Source showcases exquisite craftsmanship and architectural brilliance. A separate 2,999 sq.ft. guest house offers a private retreat with its own kitchen, multiple bathrooms, and spacious living areas, ideal for hosting guests or staff. A private marina and boat ramp provide direct access to the world-famous waters of the Keys, with the bait shack nestled alongside for all things fishing and boating. Inside, every corner of this estate is designed to impress. A gourmet kitchen, opulent guest suites with private balconies offering entrance to the the lush poolscape, and a luxurious movie theater ensure every moment here is extraordinary. The primary en-suite dazzles with a stunning bathroom offering a retreat style sanctuary. Beyond the elegance, the estate is built with durability and functionality in mind, featuring impact-resistant windows and doors, generator, and cistern. Outside, explore expansive porches, a rain forest and fruit orchard, multiple garages, a carriage house, a tortoise habitat and even the potential for a private hangar. This estate isn't just a home; it's a lifestyleâ??your personal resort blending tropical serenity, architectural excellence, and unmatched prestige. Discover the ultimate in coastal living, where every day feels like an extraordinary getaway.
Nestled on a secluded 2-acre lot in Grassy Key, Marathon, this gated waterfront estate boasts 4,000 sq. ft. and is highlighted with a ton of amenities including two docks, 4 post boat lift, private sandy beach and an infinity-edge elevated pool blending seamlessly with the gulf and featuring a built-in table and chairs for relaxing or entertaining. Expansive covered areas by the pool offer shaded spots for lounging and has direct access to the living areas. Double entry doors with intricate carved wood details welcome you into a light-filled home. The open-concept living area is graced by large windows and sliding glass doors that frame panoramic views and create a seamless connection between indoors and outdoors. A striking marble fireplace serves as the focal point. Every element of this home reflects thoughtful design, from the impact-rated doors and windows, in-house elevator plus marble floors, exquisite cabinetry, and refined finishes enhancing the home's timeless appeal. The main kitchen is a chef's delight, featuring granite countertops, two wine coolers, and abundant cabinetry. A cozy dining nook encased in windows offers stunning gulf views, creating the perfect setting for every meal. The primary suite is a sanctuary of luxury, featuring panoramic gulf views, a two-sided fireplace, and direct access to the pool. The en-suite bathroom offers a private sauna, jetted tub, walk-in shower, and makeup counter, creating a spa-like retreat. The guest quarters are designed for comfort and independence, offering a morning kitchen and two guest suites. Each suite includes its own en-suite bathroom and generous closet space, ensuring privacy and convenience for visitors. The large office can also serve as a 4th Bedroom. Additional amenities include a home theater room complete with reclining seats and bar plus an oversized 3-car garage with lift.
Beautiful 4/2/1 plus loft, 2620 sf under air, 4920 total sf on an oversized 13,135 gulf lot, gorgeous open water views, backyard oasis with sand and travertine deck, pool, jacuzzi, dock, 12 ft wide deeded marina slip included in the sale ($150K value), approved permit to extend the dock with a 20K lb boat lift, two jet sky lifts, plus pilings to dock a 50 ft boat! And plenty of side yard to park multiple watercrafts! Enjoy dramatic Sunrises and romantic Sunsets! Have peace of mind with CBS construction, 11 ft above sea level, a metal roof & a newer home (2018) built with the best construction materials. All impact windows and doors! It is located inside the exclusive gated community of Stirrup Key. Boat ramp inside the community!
This beautifully designed two-story home offers an excellent opportunity for buyers, whether for personal enjoyment or investment. Built in 1997, the spacious residence features three bedrooms and two bathrooms, with stylish finishes throughout. The open-concept layout allows for seamless indoor-outdoor living, with a generous back porch overlooking a private, fenced backyard. Lush tropical landscaping and hot tub, creates a tranquil retreat for relaxation and entertainment. The two-car garage has been converted into a versatile game room with a ping pong table and refrigerator. An assumable flood insurance policy adds value and peace of mind. Whether you're seeking a full-time residence, vacation retreat, or income-producing rental, this property is a versatile and attractive option.
Nestled in beautiful Marathon Florida, this concrete-built gem offers a peekaboo view of the Gulf of Mexico and an unbeatable location. The freshly painted interior and exterior, coupled with recent remodeling, give this home a modern, move-in-ready appeal. The large fenced yard is perfect for outdoor activities and offers ample space for future expansions like a pool or home addition. A freestanding concrete storage building in the backyard provides additional utility. Enjoy peace of mind with impact windows and doors, as well as PVC plumbing under the home, eliminating concerns about outdated cast iron pipes. Boating enthusiasts will love the neighborhood's public boat ramp, just around the corner, offering easy access to world-class fishing and diving in the Gulf of Mexico.
Stirrup Key is 1 of Marathon's most established Gated Communities, which offers it owns private boat ramp to all residents & this is a RARE opportunity to own a New Construction Custom Built home behind the gates of Stirrup Key by the local and well respected builders Design Center who have chosen to take a high-end modern design with this 3 Story, 5 Bed , 5 Bath Pool Home with 3467 sqft living with multiple rear patios overlooking the home's water view. Home is scheduled to be completed in the next 2 to 3 months. Exterior highlights include a Modern Long Paver Driveway that leads to the home's Enclosed Garage and also Carport for additional parking, EV charging station, Concrete Block Construction, Poured Solid Columns, a Metal Roof, Energy Efficient Spray Foam Insulation, Hurricane Impact Windows & Doors thru out including a pre-wire for a Home Generator providing peace of mind. The home is designed so entry will be on the ground level adjacent to the garage to simplify things. On the rear of both living levels are Large Balconies with Custom Welded Handrails. The Custom Kitchen will feature Solid Wood Soft Close Cabinets including 42'' Uppers and LED under cabinet lighting with Modern Hardware and Cabinet Crown, GE Profile Appliances, Quartz Counters, a Modern Backsplash & Upgraded Plumbing Fixtures. Each of the Baths will have Custom Tile Floors, Designer Tiled Showers with Frameless Shower Glass & Modern Lighting, Mirrors, Faucets, Toilets, etc.. Additional Interior highlights include 5' Baseboards, 8FT Solid Core Doors with Modern Hardware, Led Recess Lighting thru out, Zero Maintenance Vinyl Plank Flooring thru out, 10FT Ceiling Heights, Expansive Closets in each of the Bedrooms, & so much more. The backyard will feature a Custom Built Heated Concrete Pool with Travertine Paver Deck, Pebble Pool Finish with Sunshelf & Color LED's. There are at least 5 rooms in the home that have Water Views. Plenty of room to park a Boat with Trailer or RV
Discover coastal charm in this two bedroom, two and one half bath home in the heart of Tranquility Bay! Fully furnished and featuring granite countertops, stainless steel appliances, and a convenient half-bath downstairs. Centrally located on the tropical grounds, your back porch view includes the lush Jack Nicklaus putting green and open-water views of the Gulf. Unwind and enjoy the private 2.5-acre white sandy beach or take a dip in one of the three pools this resort has to offer. Staying active here is a breeze! Kayaks, jet skis, and paddleboards are all available on site. Imagine catching an incredible sunset at the oceanside tiki bar after fine-dining at the resort restaurant. This opportunity is perfect for making memories -- and rental income! Owners can enjoy up to 35 days annually and have the rest of the year to generate those rental dollars. There's truly something here for everyone.
Looking for a first class marina to keep your boat? The Boat House Marina is the place to be in the Middle Keys! Secure covered storage, scheduled in/out service included in your monthly fees, fuel, fish cleaning, boat ramp and even a pool! Rack 56C should accommodate up to a 36' LOA, max beam of 9.628' and max height of 8.3', perfect for flats boats or those with no hard T tops, due to the limited height. See stats in the photo list. Buyer to confirm personally that his boat will fit in the rack and to schedule a dry fitting if necessary. Quick boating access to the ocean and the gulf.
Beautifully Decorated, 2019 Like New12x36 1BR/1BA Park Model, in a 55 Community, Galway Bay. Home is on a leased/rented lot. The lot rent (estimated) is$1000.00 per month ($12,000/yr.) and includes trash, clubhouse and community activities. The actual lot rent TBD by Galway Mobile home park management. The home is beautifully decorated, fully furnished and ready for you to move in today, just bring your toothbrush. The kitchen has granite looking counter tops, upgraded fixtures, and a Stainless-Steel farmhouse sink. There are custom cabinets and a pantry. Impact-resistant glass, Sliding glass doors, extra-large fenced yard area with your own Tropical Oasis.
Welcome to Coral Club, located in the desirable waterfront neighborhood of Sombrero Beach. This 2-bedroom, 2-bathroom condominium features an open floor plan and offers the tranquility and lifestyle only the Florida Keys can provide.Enjoy your morning coffee on the private balcony overlooking the canal, where you can watch a variety of marine life swim by. The condo also includes a bonus room, perfect for a home office or extra guest space.Just steps away is your private storage room--ideal for beach gear or fishing rods. The white sand shores of Sombrero Beach are just a short walk or bike ride away, with a grocery store and restaurants conveniently located nearby.The community amenities include a heated pool, clubhouse with a full kitchen and half bath, and a tiki hut, perfect for entertaining or relaxing with neighbors.Whether you're seeking a primary residence, vacation getaway, or investment property, this home checks all the boxes. All assessments have been paid in full.This is truly a must SEA!
Discover a rare opportunity to own an oversized boat slip with live-aboard approval in the desirable Cocoplum neighborhood of Marathon. Offering an impressive 22' width, 80' length, and 6' draft, this slip easily accommodates larger vessels, and a recently removed piling maximizes your available space. Nestled on the ocean side, you'll enjoy direct, fast, no-bridge access to the open water, perfect for avid boaters and anglers. Positioned at the end of the marina in a secure, gated section, the slip offers added privacy and quicker navigation straight to the ocean. A spacious Tiki hut extends your living area onto land, creating an inviting space for relaxing, entertaining, and embracing the island lifestyle. Stylish faux-wall panels on each side provide privacy while still capturing refreshing tropical breezes. It's a versatile, blank canvas ready for your personal touch. The marina features a community pavilion, bath house, and laundry facility, and this slip includes multiple storage units for all your gear and equipment. With a strong monthly rental potential and an unbeatable location, large slips with dedicated land-living amenities like this are truly hard to find. Don't miss the chance to experience this exceptional boat slip in paradise. Your ideal Keys retreat awaits!
Discover the perfect investment or vacation home nestled in Marathon Key, one of the Florida Keys most sought-after areas. This renovated 2-bed 2-bath gem is ready for you to move in or start generating rental income immediately. Situated in the only key that allows short-term rentals it comes fully equipped w/ brand new ss appliances, quartz counters, brand-new furniture, including 4 luxurious queen beds. With impact windows, a new roof, & plenty of parking for a boat, jet ski or RV. This property has been meticulously updated to provide you with a worry-free living. Imagine the passive income you could earn by sharing this slice of paradise with discerning travelers. Or, make it your very own retreat, just 1 mile to the boat ramp, steps to shopping, dining & the stunning Coco Plum Beach!
Casa Manana Shores, located in the heart of Marathon, is a developer's dream or a private owner's potential paradise. This secured gulf front estate offers 3.86 acres of land and is surrounded by an eight foot concrete wall with three gated entrances. The property boasts approximately 540 linear feet of Highway frontage and 695 linear feet of water frontage. It offers 218 feet of concrete seawall, including a cut-in protected boat slip. There is even room for a helicopter landing pad to be installed. This unique property is zoned mixed-use commercial and comes with one commercial transferable building right. It is currently a private residence with a separate garage and workshop. The 10,852 square foot mansion is solid concrete construction. It has ten bedrooms, six and a half bathrooms, a sauna, game room and great room. Repairs are needed, and the interior needs significant updating. An attached partially screened enclosure holds an impressive 12 ft deep swimming pool that measures 25 x 50 ft. The garage/workshop is a separate structure with two rooms with a mini split air conditioner. The existing structures could be demolished for those with a vision, leaving you with a 3.86 acre blank canvas in the center of town. Its versatile zoning designation offers multiple possibilities for residential and/or commercial use. Over the years it has previously housed a motel with a marina, a 19-unit trailer park, and a restaurant. This property presents the opportunity to create the ultimate secluded retreat of your dreams!
LUXURIOUS townhome in desirable INDIGO REEF located in Marathon! One of the most beautiful units in this upper end development with immaculate interior finishes and spectacular OPEN WATER views right out your back door. Take a short walk to your deeded 31' boat slip offering the only BOAT LIFT in the development. Easy bay and Atlantic Ocean access to enjoy amazing fishing, snorkeling and diving or take a boat ride to nearby waterfront restaurants. Fully furnished and spacious 3bd/2.5ba, open living area floor plan. Enjoy breathtaking sunsets from the large patio off of the living room or master bedroom. Indigo Reef offers beautifully manicured grounds with lush tropical landscaping. Assigned covered parking and enclosed a/c spacious storage area. Outstanding amenities include a resort style pool and fitness center. Weekly rentals allowed making this an amazing investment. You will truly love living the FL Keys Lifestyle in Indigo Reef! Following is a list of outstanding features.....12,000 LB custom boat lift with remote and auto stop. PVC dipped piles. 2022 Trane A/C with new composite A/C condenser platform. Foam insulated walk around attic storage, climate controlled with ceiling drop down attic ladder. Second attic storage in carport with ceiling drop down attic ladder. 2022 ADT monitored touch screen alarm system with CCTV camera system and app controlled viewing. App controlled keypad door lock and Wifi hub. App controlled A/C thermostat. Whole home Surge Protector. Sony wall mounted LED smart TVs. Built in Samsung Surround sound System in living room. Sony Surround sound in Master Bedroom. Custom kitchen wall tile, above and below LED cabinet lighting with custom cabinet crown. Matching GE Profile kitchen appliances with glass top oven. Reverse Osmosis drinking water and ice. Ultra high end silver imbedded window treatments. Exotic ceiling fans in all bedrooms and living room. Samsung washer and dryer.
Welcome to Faro Blanco! Located on the city of Marathon in the beautiful Fl. Keys. This unit boasts 3 large bed, 2 full bath/room to entertain. Owners LK closet. A full size, washer & dryer, water heater & AC all 2 years &under, stls steel kitchen appliances, new counter tops, solid reserves, a few steps away from Faro Blanco resort, use of the resorts pools, discounts at pool bar & restaurant. Boat slips can be rented at the Faro Blanco Marina or rent a boat as needed. Gated community, 4 units per floor, 4 floors per building total16 units per building 32 units on premises two buildings. Hallways have new paint and flooring Covered parking & new elevators 45 min to Key West approx. 2 hours to Miami. The unit is enjoyed by owners and renters/ a 30 day min stay. Furnishings are negotiable.
Secure and covered dry rack storage at the Boat House Marina! A first class operation in Marathon in the Middle Keys, this is where you want to keep your boat. Rack 30A should accommodate up to a 36' LOA, 8.56' max beam and 11.09' max height. See stats in photo list. Schedule a dry fitting if necessary. Monthly association fees include scheduled in/out service, fish cleaning tiki, boat ramp and pool. There is also fuel on site. Quick boating access to both the ocean and gulf side.

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Marathon is located in Florida. Marathon, Florida has a population of 9,622. Marathon is more family-centric than the surrounding county with 21.39% of the households containing married families with children. The county average for households married with children is 20.65%.
The median household income in Marathon, Florida is $63,375. The median household income for the surrounding county is $73,153 compared to the national median of $69,021. The median age of people living in Marathon is 48.9 years.
The average high temperature in July is 90 degrees, with an average low temperature in January of 62.8 degrees. The average rainfall is approximately 45.1 inches per year, with 0 inches of snow per year.