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
Overview
Description
...
(Read more)
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.
Listing Details MLS# 618176
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
- City
- MARATHON
- Off Shore Island
- No
- Mile Marker
- 49.5
- Marathon Neighborhood
- Old Town East (25th to Sombrero)
- Side
- Bay/Gulf
- Flood Zone
- AE-9
- Alternate Key #
- 1399540
- Parcel #
- 00325460-000000
- Zoning
- RM - Residential Medium
- Deed Restrictions
- Unknown
- Legal
- BK B THE WEST 100FT OF LT 12 WOODBURNS SUB PB2-29 KEY VACA
- Taxes
- 6926.92
- Tax Year
- 2025
- Pub Sewer HkUp
- Yes
Contract Information
- Listing Board
- Marathon/Lower Keys
- As is Rght to Inspct
- Yes
- Potential Short Sale
- No
- Bank Owned
- No
- Species List
- No
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
- Control Depth
- 0
- Total Units
- 0
Association Info
- Mandatory Home Owners Asc
- No
- 1st Right of Refusal
- No
- Association Fee $
- 0
Building Style
- Above Flood
- Yes
- Stilt Column Height
- Medium - 5Ft - 9Ft
- Stories
- 2 Stories
More Information
Vehicle Storage
- Car(s)
- 4+
- Carport
- Yes
- Covered Parking
- Yes
- Guest Parking
- Yes
- Open Parking
- Yes
- RV Parking Open
- Yes
- Trailer Storage
- Yes
Financial Status
- Auction
- No
- Bank Owned
- No
- Potential Short Sale
- No
- Standard Sale
- Yes
Remarks & Misc
- Remarks – Consumer
- 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.
- Directions
- US1 head South turn on 51st Street Gulf on your right hand side.
Fee Includes
- None
- Yes
Dockage
- None
- Yes
Tax Exemptions
- None
- Yes
Appliances
- Dishwasher
- Yes
- Microwave
- Yes
- Oven
- Yes
- Range
- Yes
- Refrigerator
- Yes
Pets
- Pets Allowed
- Yes
Cooling
- Ceiling Fans(s)
- Yes
- Central Air
- Yes
Waterfront
- None
- Yes
Waterview
- No Waterview
- Yes
Floor
- Terrazzo
- Yes
Neighborhood Feature
- Airstrip
- Yes
- Beach
- Yes
- Bike Paths
- Yes
- Community Boat Ramp
- Yes
Property Condition
- Updated/Remodeled
- Yes
Windows/Doors
- Impact Rstnce Window
- Yes
Construction
- CBS
- Yes
Land Size
- Less Than 1/4 Acre
- Yes
Furnished
- Unfurnished
- Yes
Utilities
- Elect Separate Meter
- Yes
- FKAA
- Yes
- Municipal Sewer
- Yes
- Water Separate Meter
- Yes
Porch/Balcony
- Open Porch/Balcony
- Yes
Roof
- Concrete Roof
- Yes
Shutters
- Other
- 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
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.
