Riggs Subd Homes for Sale

Riggs Subd is a residential community in Marathon, Florida.

Pure Equity Realty covers Riggs Subd and the Marathon area. We list for 1%, which includes photography, MLS syndication, and negotiation support. Buyers pay nothing for representation. For current market data, see Florida Realtors' market statistics.

Our MLS feed shows 7 Riggs Subd Marathon homes for sale as of October 2026. The median asking price is $253,000. Asking prices run from $100,000 to $575,000.

That is 77% below the Marathon median of $1.09M. On a per-foot basis, homes here ask about $312 per square foot, compared with $659 across Marathon. So the median price buys roughly 800 square feet of living area.

Listings here have averaged 180 days on the market. That tracks the Marathon average of 209 days, so pricing and terms follow the wider city market.

Homes listed in Riggs Subd date from 1991 to 2020. That puts them between 6 and 35 years old.

The range straddles 2002, when Florida adopted its statewide building code. Therefore two similar-looking homes here can carry very different insurance premiums. Ask for the wind mitigation report on any home you consider, since it drives much of that difference.

In addition, most Florida insurers ask for a four-point inspection on homes 30 years or older. It covers the roof, electrical, plumbing and HVAC. Updated systems usually make coverage easier to place.

Here is what the median Riggs Subd price means in Florida closing terms. At $253,000, a 20% down payment comes to about $51,000, leaving a loan near $202,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $707. Next, the intangible tax of 0.2% adds about $404. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the Riggs Subd median, that is about $1,768.

Finally, owner-occupants should file for the Florida homestead exemption by March 1. It removes up to $50,000 of assessed value. After that, Save Our Homes caps yearly assessment increases at 3% or inflation, whichever is lower. To see what these numbers mean for your budget, get pre-approved before you tour.

Recent Riggs Subd listings show assignments to Stanley Switlik (elementary), Marathon (middle) and Coral Shores (high). However, boundaries can change each year, so confirm the assignment for a specific address with the county school district.