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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
    $3,327,200 Zestimate®
    $1,360/sqft
    $-- Estimated rent

    Home value

    $3,327,200

    $2.86M - $3.86M

    Not available

    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 Keys This 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 Logo

    Facts & features

    Interior

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

    Property

    Features
    • On waterfront: Yes
    Lot
    • Size: 1.05 Acres
    Details
    • Parcel number: 00325320000000
    • Zoning: RM - Residential Medium

    Construction

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

    Utilities & green energy

    • Utilities for property: Water Separate Meter, Elect Separate Meter

    Community & HOA

    Community
    • Features: Beach, Bike Paths
    • Subdivision: Woodburns Sub (49.5)
    HOA
    • Has HOA: No
    • Services included: None
    Location
    • Region: Marathon

    Financial & listing details

    • Price per square foot: $1,360/sqft
    • Tax assessed value: $3,310,747
    • Annual tax amount: $13,150
    • Date on market: 2/25/2025

    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: FLKMLS #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
    $3,327,200
    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
    $3,327,200