Two Waterfront Homes on Four Open Water Gulf-Front Lots - A Rare Opportunity1401 51st St & 1235 51st Gulf St, Marathon, FL 33050, are being sold together as a unique waterfront compound offering breathtaking open water views, privacy, and endless possibilities. This package includes two stilted homes totaling four bedrooms, four bathrooms, and a guest suite and more, along with a newly built three-bay garage featuring two hydraulic car lifts and a 42-foot-long bay within a 1,211 sq. ft. concrete bunker constructed in 2015.Situated on over 55,000 square feet of uplands, the property provides ample space for a private estate, rental investment, or development opportunity. It is not on SFA, and building rights are available for purchase if expansion is desired. A deep-water dock is already in place, with approximately 575 feet of shoreline offering additional dockage potential.This gated and fully fenced compound is surrounded by lush, mature tropical landscaping, creating an unparalleled sense of seclusion. Motorized drive-through gates on both ends provide access to a beautifully maintained property featuring meandering pathways, a coral-cut shoreline, and a firepit at the water's edge. Two small uninhabited islands just offshore add to the unique charm of this exceptional retreat.Located in the heart of Marathon, this property combines privacy, convenience, and direct boating access. Whether you are looking for a private family compound, an income-producing investment, or a coastal sanctuary, this offering is truly one of a kind. See properties listed separately in mls#613880 and mls#613879
For sale
Price cut: $600K (6/11)
$5,798,000
1401&1235 51st St, Marathon, FL 33050
4beds
3,212sqft
Est.:
Single Family Residence
Built in 1968
1.35 Acres Lot
$-- Zestimate®
$1,805/sqft
$-- HOA
What's special
Deep-water dockCoral-cut shorelineLush mature tropical landscapingBreathtaking open water viewsStilted homesMeandering pathways
- 170 days
- on Zillow |
- 474 |
- 30 |
Zillow last checked: 7 hours ago
Listing updated: August 13, 2025 at 03:50am
Listed by:
Samuel Davis Williams 305-289-6559,
Coldwell Banker Schmitt Real Estate Co.
Source: FLKMLS,MLS#: 613881
Originating MLS: Marathon/Lower Keys

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Open house
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Cooling
- Central Air, Ceiling Fans(s)
Appliances
- Included: Dishwasher, Stainless Steel Appliance(s), Microwave, Oven, Range, Refrigerator
Features
- Doors: Sliding Glass Doors
- Windows: Accordion
Interior area
- Total interior livable area: 3,212 sqft
Video & virtual tour
Property
Parking
- Total spaces: 4
- Parking features: Carport, Off Street
- Has carport: Yes
Features
- Patio & porch: Screened P/B
- Has view: Yes
- View description: Bay/Gulf View, Water
- Has water view: Yes
- Water view: Bay/Gulf View,Water
- Waterfront features: Bay Front, Open Water, Gulf Front, Waterfront, Dock: Wood, Dock Length: 92, Dockage: Other Dockage
Lot
- Size: 1.35 Acres
- Features: 1 Less Than 2 Acres
Details
- Additional parcels included: 00325320000000
- Parcel number: 00325300000000
- Zoning: RM
- Zoning description: Residential Medium
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Concrete
- Roof: Metal
Condition
- Year built: 1968
Utilities & green energy
- Electric: Elect Separate Meter
- Sewer: Municipal Sewer, Public Sewer
- Water: Water Separate Meter
- Utilities for property: FKAA
Community & HOA
Community
- Subdivision: Woodburns Sub (49.5)
HOA
- Has HOA: No
- Services included: None
Location
- Region: Marathon
Financial & listing details
- Price per square foot: $1,805/sqft
- Annual tax amount: $20,555
- Date on market: 2/25/2025
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