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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: 3/11/2026

Overview

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 s ...

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.