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Sold for $3,301,000
  • $3,301,000

    1401 51st St, Marathon, FL 33050

    3beds
    2,428sqft
    Single Family Residence
    Built in 1974
    1.05 Acres Lot
    $3,301,900 Zestimate®
    $1,360/sqft
    $6,843 Estimated rent

    Home value

    $3,301,900

    $2.97M - $3.67M

    $6,843/mo

    Zestimate® history
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    What's special

    Custom dockWraparound balconySecluded island retreatSpacious bedroomsNew metal roofCoral-cut shorelineManicured paradise
    Private Waterfront Estate in the Florida KeysThis gated, one-acre estate offers the ultimate blend of privacy, nature, and waterfront living in the heart of the Florida Keys. Nestled among lush, mature tropical landscaping, the property feels like a secluded island retreat. As you pass through the gates, you are welcomed by a beautifully manicured paradise with a coral-cut shoreline, a firepit at the water's edge, and panoramic sunset views over the open water. Just offshore, two small uninhabited islands provide a unique opportunity for exploration.The 3-bedroom, 3-bathroom home is designed for comfort and indoor-outdoor living, with an open concept living room, kitchen, and dining area that seamlessly flows into multiple outdoor living spaces. The upper level includes two spacious bedrooms and two bathrooms, while the conforming lower level offers an additional bedroom, bath, sitting area, and a separate entrance--perfect for guests or an in-law suite. A tool/storage room on the ground floor adds to the convenience of this beautiful estate. The wraparound balcony that surrounds the entire home includes several screened-in areas, enhancing the flow of indoor-outdoor living.Updated with a new metal roof in 2024, the home features stainless steel appliances and breathtaking water views. The property boasts approximately 520 feet of shoreline and a custom dock, including an 84-foot by 4-foot dock with a 21-foot by 8-foot extension and a double floating dock for two jet skis--perfect for boating enthusiasts. Covered parking for four cars is available under the elevated home, with additional parking along the entrance way leading to a circular driveway.Set on three originally platted lots (12, 13, and 14), the property offers the flexibility to separate, redevelop, or keep as a private compound. Located just a short walk from fine dining, shopping, and more, this rare waterfront offering combines serenity, convenience, and endless possibilities.

    Zillow last checked:

    Listing updated:

    Listed by:

    Joshua James Mothner 305-942-9519,

    Coldwell Banker Schmitt Real Estate Co.,

    Teri Hiller 305-481-0361,

    Coldwell Banker Schmitt Real Estate Co.

    Bought with:

    outside of mls

    Outside Of MLS

    Source: FLKMLS,MLS#: 613880MLS LogoOriginating MLS: Marathon/Lower Keys

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 3
    Cooling
    • Central Air, Ceiling Fans(s)
    Appliances
    • Included: Dishwasher, Stainless Steel Appliance(s), Microwave, Oven, Range, Refrigerator
    Features
    • Flooring: Tile
    • Doors: Sliding Glass Doors
    • Windows: Accordion
    Interior area
    • Total interior livable area: 2,428 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Carport, Off Street
    • Has carport: Yes
    Features
    • Levels: Two
    • Stories: 2
    • 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: 90, Dockage: Other Dockage
    Lot
    • Size: 1.05 Acres
    • Features: 1 Less Than 2 Acres
    Details
    • Parcel number: 00325320000000
    • Zoning: RM
    • Zoning description: Residential Medium
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • CBS
    • Roof: Metal
    Condition
    • Year built: 1974

    Utilities & green energy

    • Electric: Elect Separate Meter
    • Sewer: Municipal Sewer, Public Sewer
    • Water: Water Separate Meter
    • Utilities for property: FKAA

    Community & neighborhood

    Community
    • Community features: Beach, Bike Paths, Airport/Runway
    Location
    • Region: Marathon
    • Subdivision: Woodburns Sub (49.5)

    HOA & financial

    HOA
    • Has HOA: No
    • Services included: None

    Price history

    DateEventPrice
    6/18/2026Sold$3,301,000-8.3%$1,360/sqft
    Source: FLKMLS #613880 Report a problem
    4/30/2026Pending sale$3,600,000$1,483/sqft
    Source: FLKMLS #613880 Report a problem
    3/4/2026Contingent$3,600,000$1,483/sqft
    Source: Key West AOR #613880 Report a problem
    3/4/2026Price change$3,600,000-4.9%$1,483/sqft
    Source: FLKMLS #613880 Report a problem
    2/4/2026Price change$3,785,000-9.9%$1,559/sqft
    Source: FLKMLS #613880 Report a problem
    8/28/2025Price change$4,199,000-6.7%$1,729/sqft
    Source: Key West AOR #613880 Report a problem
    6/11/2025Price change$4,499,000-10%$1,853/sqft
    Source: Key West AOR #613880 Report a problem
    5/8/2025Price change$4,999,000-5.7%$2,059/sqft
    Source: Key West AOR #613880 Report a problem
    4/5/2025Price change$5,299,000-4.8%$2,182/sqft
    Source: FLKMLS #613880 Report a problem
    2/25/2025Listed for sale$5,565,000+363.8%$2,292/sqft
    Source: FLKMLS #613880 Report a problem
    3/31/2014Sold$1,200,000+142.4%$494/sqft
    Source: MLKAR #559994 Report a problem
    8/3/1995Sold$495,000$204/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$12,836 -2.4%$1,479,087 +2.9%
    2024$13,150 +0.7%$1,437,403 +3%
    2023$13,065 +1.3%$1,395,537 +3%
    2022$12,893 -1.8%$1,354,891 +3%
    2021$13,131 +2.9%$1,315,429 +1.4%
    2020$12,757 $1,297,268 +2.3%
    2019$12,757 +2.2%$1,268,102 +1.9%
    2018$12,484 +5.6%$1,244,458 +2.1%
    2017$11,817 +1.9%$1,218,862 +2.1%
    2016$11,596 -1.1%$1,193,793 +31.6%
    2015$11,719 $907,119

    Find assessor info on the county website

    Neighborhood: 33050

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $3,301,900
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $3,301,900