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1306 &1308 51St Street Gulf

Marathon, FL 33050
  • $1,050,000
  • STATUS: Active
  • ON SITE: 93 Days
  • MLS #: 618176
UPDATED: 239 min ago
$1,050,000
  • 4
    BEDS
  • 0.23
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,568
    SQFT
  • $670
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1969
County:

School Ratings & Info

Description

Discover this beautifully updated full duplex in the heart of Marathon, set on an oversized 10,000 sq ft lot among mature native trees that provide shade and privacy year-round. Elevated on a stilted structure with a concrete roof, this solid CBS concrete construction property offers durability, peace of mind, and long-term value. Each unit has been fully remodeled with grey faux wood floors, granite countertops, and stainless steel appliances, creating a clean, modern coastal feel. Recent upgrades include new HVAC systems and impact windows for added comfort, efficiency, and storm readiness. This duplex has a strong income history, previously grossing approximately $69,000 annually. One side is currently being left vacant for easy showings, making this an excellent opportunity for investors, employee housing, or living in one unit while renting the other. The elevated design, concrete roof, and oversized lot make this property both practical and appealing, offering valuable space for parking, storage, or business use. With four covered parking bays under the homes, there is excellent potential for additional storage or the option to create fully enclosed garages. This flexible setup makes the property especially attractive for employee housing, providing peace of mind for your staff along with usable square footage and room to support personal or business needs. Centrally located near shopping, dining, marinas, and beaches, this is a rare multifamily opportunity in the Florida Keys.

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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Saltwater Real Estate Florida Keys Inc are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.saltwaterkeys.com/homes/172237168
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1306 &1308 51St Street Gulf Marathon, FL 33050

  • Price: $1,050,000
  • Status: Active
  • On Site: 93 Days
  • Updated: 239 min ago
  • MLS #: 618176
4
Beds
2
Baths
0
½ Baths
0.23
Acres
1,568
SQFT
$670
$/SQFT
1969
Built
Neighborhood:
Woodburns Sub (49.5)
County:
Monroe
Area:
13 - 7 Mile Bridge To Sombrero Bch Rd E & W
Property Description
Discover this beautifully updated full duplex in the heart of Marathon, set on an oversized 10,000 sq ft lot among mature native trees that provide shade and privacy year-round. Elevated on a stilted structure with a concrete roof, this solid CBS concrete construction property offers durability, peace of mind, and long-term value. Each unit has been fully remodeled with grey faux wood floors, granite countertops, and stainless steel appliances, creating a clean, modern coastal feel. Recent upgrades include new HVAC systems and impact windows for added comfort, efficiency, and storm readiness. This duplex has a strong income history, previously grossing approximately $69,000 annually. One side is currently being left vacant for easy showings, making this an excellent opportunity for investors, employee housing, or living in one unit while renting the other. The elevated design, concrete roof, and oversized lot make this property both practical and appealing, offering valuable space for parking, storage, or business use. With four covered parking bays under the homes, there is excellent potential for additional storage or the option to create fully enclosed garages. This flexible setup makes the property especially attractive for employee housing, providing peace of mind for your staff along with usable square footage and room to support personal or business needs. Centrally located near shopping, dining, marinas, and beaches, this is a rare multifamily opportunity in the Florida Keys.
Exterior Features

Architectural Style [] Attached Garage YN No Building Stories 2 Stories Construction Materials CBS Dockage None Exterior Features [] Parking Features OpenRV Access/ParkingStorage Patio And Porch Features Open Porch/Balcony Pool Features [] Pool Private YN No Roof Concrete Roof Shutters Other Vehicle Storage CarportOpen ParkingGuest ParkingRV Parking OpenTrailer StorageCovered Parking Vehicle Storage Cars 4+ View [] Waterview No Waterview Window Features [] Windows Doors Impact Rstnce Window

Interior Features

Accessibility Features [] Appliances DishwasherRefrigeratorRangeOvenMicrowave Cooling Central AirCeiling Fans(s) Cooling YN Yes Flooring Terrazzo Furnished Unfurnished Interior Features [] Laundry Features [] Levels [] Rooms Total 0

Property Features

Above Flood Yes Association Fee 0 Association Fee Includes None Association YN No Association1st Right Of Refusal No Bank Owned No Building Features [] Community Features Community Boat RampBeachBike Paths Control Depth 0 Deed Restricts Unknown Electric [] Flood Zone AE-9 Frontage Type [] Green Energy Generation [] Green Water Conservation [] Land Size Less Than 1/4 Acre Listing Terms [] Marathon Nbhd Old Town East (25th to Sombrero) Mile Marker 49.5 Min Rental Days 7 New Construction YN No Off Shore Island YN No Other Equipment [] Other Structures [] Pets Allowed Yes Potential Short Sale No Property Condition Updated/Remodeled Property Sub Type Duplex Public Sewer Hookup Yes Rental Allowed Yes Security Features [] Special Licenses [] Stilt Column Height Medium - 5Ft - 9Ft Tax Annual Amount 6926.92 Tax Legal Description BK B THE WEST 100FT OF LT 12 WOODBURNS SUB PB2-29 KEY VACA Tax Year 2025 Utilities Water Separate MeterElect Separate Meter Utilities Info FKAAMunicipal SewerWater Separate MeterElect Separate Meter Water Source [] Waterfrnt No Waterfront None Waterfront Features [] Waterfront YN No Zoning RM - Residential Medium

Listing courtesy of Samuel Williams of Coldwell Banker Schmitt Real Estate Co.: 305-743-5181.


The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Saltwater Real Estate Florida Keys Inc are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
 
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Saltwater Real Estate Florida Keys Inc
1075 Duval Street Ste 15C
Key West FL, 33040