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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:
2/28/2026
Description
Discover this beautifully updated full duplex in the heart of Marathon, ideally situated on an oversized 10,000 sq ft lot and tucked 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 — a rare combination in the Florida Keys.
Each unit has been fully remodeled and features white terrazzo floors throughout, stainless steel appliances, and granite countertops, creating a clean, modern coastal aesthetic. Recent upgrades include new HVAC systems and impact windows, ensuring 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 to allow for easy showings, presenting a seamless transition for the next owner. The flexibility of this property makes it ideal for living in one unit and renting the other, employee housing, or as a 1031 exchange opportunity to shelter gains while generating cash flow. Photos for other side will be added soon.
The concrete roof and elevated construction provide added confidence against the elements and make this an excellent option for both personal use and business continuity. With ample parking for guests, vehicles, or recreational toys, and a central Marathon location close to shopping, dining, marinas, and beaches, this property delivers convenience, functionality, and versatility.
Very few multifamily opportunities exist in the Keys that combine location, structure, income potential, and move-in readiness like this one.
Clean, centrally located, and ready to live in or rent — don't miss this rare chance to own your piece of paradise 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: February - 28 - 2026
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.
