1306 &1308 51St Street Gulf, Marathon, FL 33050

$1,050,000
Property Type: Residential Bedrooms: 4 Baths: 2 Square Footage: 1,568 Lot Size (sq. ft.): 10,000 Status: Active
Current Price: $1,050,000 List Date: 1/18/2026 Last Modified: 3/11/2026

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 white terrazzo 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.

More Information MLS# 618176

Contract Information

Current Price: $1,050,000 Listing Date: 2026-01-18 Listing Board: Marathon/Lower Keys List Price: $1,050,000 As is Rght to Inspct: Yes Potential Short Sale: No Bank Owned: No Species List: No

Location Tax Legal

Street #: 1306 &1308 Street Name: 51St Street Gulf Key/Island: Marathon State/Province: FL Zip Code: 33050 County: Monroe Subdivision: Woodburns Sub (49.5) Area: 13 - 7 Mile Bridge to Sombrero Bch Rd E & W

General Property Description

Realtor.COM Type: Multi-family Style: Duplex Waterfront: No Pool: No Year Built: 1969 Lot SqFt: 10000 Lot Sqft Source: Property Data Card Acres: 0.23 Living Apx SqFt: 1568 SqFt Source: Property Data Card Total Bedrooms: 4 Full Baths: 2 Total Baths: 2 Rentals Allowed: Yes Min Rental Days: 7

Status Change Info

Status: Active

Association Info

Mandatory Home Owners Asc: No 1st Right of Refusal: No

Building Style

Above Flood: Yes Stilt Column Height: Medium - 5Ft - 9Ft Stories: 2 Stories

Vehicle Storage

Car(s): 4+

Financial Status

Auction: No Bank Owned: No Potential Short Sale: No Standard Sale: Yes

Property Features

Fee Includes: None Tax Exemptions: None Waterfront: None Waterview: No Waterview Dockage: None Property Condition: Updated/Remodeled Vehicle Storage: Carport; Covered Parking; Guest Parking; Open Parking; RV Parking Open; Trailer Storage Furnished: Unfurnished Cooling: Ceiling Fans(s); Central Air Utilities: Elect Separate Meter; FKAA; Municipal Sewer; Water Separate Meter Appliances: Dishwasher; Microwave; Oven; Range; Refrigerator Construction: CBS Shutters: Other Floor: Terrazzo Roof: Concrete Roof Pets: Pets Allowed Neighborhood Feature: Airstrip; Beach; Bike Paths; Community Boat Ramp Land Size: Less Than 1/4 Acre
Listing Office: Coldwell Banker Schmitt Real Estate Co.
Last Updated: March - 11 - 2026
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