Two homes on open water for the price of one! Over 18,000 square foot lot, bay bottom, two building rights. Wake up to endless Gulf views and fall asleep to breathtaking sunsets at this rare waterfront estate.Tucked away at the end of a quiet road, this unique multi-family property sits directly on the Gulf, offering unmatched privacy, open water views, and direct boating access. Whether you're looking for a dream home, vacation getaway, or income-producing investment, this property delivers it all.The main home features 5 bedrooms and 4 bathrooms, highlighted by a beautiful stone fireplace, Miami-Dade pine beams, and multiple private balconies to soak in the coastal scenery. Step outside to your Gulf-front pool, private dock, hot tub, and sandy beach area--perfect for entertaining or simply enjoying the view.A separate 1-bedroom, 1-bath apartment includes its own private pool, and carport, making it ideal for guests, extended family, or living on-site while renting the main home.Why you'll love it:Direct Gulf-front with panoramic water viewsLicensed vacation rental with proven income historyTwo private pools + hot tubPrivate dock with easy Gulf accessFlexible multi-family layoutPeaceful end-of-road locationNumerous upgrades and renovationsCurrently operating as a successful vacation rental, this property offers strong income potential or the perfect setup for a private coastal retreat. Dock permit in place.
For sale
Price cut: $191K (6/19)
$2,799,000
901 46th St, Marathon, FL 33050
6beds
3,047sqft
Duplex, Multi Family
Built in 1962
-- sqft lot
$2,613,400 Zestimate®
$919/sqft
$-- HOA
What's special
Rare waterfront estatePrivate poolTwo private poolsPrivate dockHot tubGulf-front poolDirect boating access
- 126 days |
- 562 |
- 38 |
Zillow last checked:
Listing updated:
Listed by:
Bonnie Sanderson 305-393-2691,
Florida Keys Real Estate Group,
Rachel Lynne Keller 305-393-3076,
Florida Keys Real Estate Group
Source: FLKMLS,MLS#: 618849
Originating MLS: Marathon/Lower Keys
Originating MLS: Marathon/Lower KeysLoading...
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Central, Ductless
Cooling
- Central Air, Ductless, Wall/Window Unit(s)
Appliances
- Included: Washer, Stainless Steel Appliance(s), Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
Features
- Fireplace(s), Granite Counters
- Flooring: Tile
- Doors: Sliding Glass Doors
- Windows: Other Windows/Doors
- Has fireplace: Yes
Interior area
- Total interior livable area: 3,047 sqft
Property
Parking
- Parking features: Carport, Guest, Open
- Has carport: Yes
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Open Porch/Balcony, Patio, Screened P/B
- Exterior features: Boat Slip
- Has private pool: Yes
- Pool features: Heated, In Ground, Decked
- Has spa: Yes
- Spa features: Private
- Fencing: Fenced
- 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, Dockage: Boat Slip, Basin
Lot
- Size: 0.44 Acres
- Features: 1/2 - Less Than 1 AC
Details
- Parcel number: 00327640000000
- Zoning: RM
- Zoning description: Residential Medium
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex, Multi Family
- Attached to another structure: Yes
Materials
- CBS
- Roof: Tile,Shingle
Condition
- Year built: 1962
Utilities & green energy
- Electric: Elect Separate Meter
- Sewer: Municipal Sewer, Public Sewer
- Water: Water Separate Meter
- Utilities for property: FKAA, Cable Available, Buyer to Verify, Cable Connected
Community & HOA
Community
- Features: Community Boat Ramp, Airport/Runway, Other, Beach
- Security: Smoke Detector(s)
- Subdivision: Tipton's Sub (49.5)
HOA
- Has HOA: No
- Services included: None
Location
- Region: Marathon
Financial & listing details
- Price per square foot: $919/sqft
- Tax assessed value: $1,582,354
- Annual tax amount: $15,541
- Date on market: 2/27/2026
Estimated market value
$2,613,400
$2.48M - $2.74M
$3,350/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/19/2026 | Price change | $2,799,000-6.4%$919/sqft |
Source:  Key West AOR #618849 Report a problem | ||
| 4/1/2026 | Price change | $2,990,000-3.5%$981/sqft |
Source:  MLKAR #618849 Report a problem | ||
| 2/27/2026 | Listed for sale | $3,100,000+184.4%$1,017/sqft |
Source: MLKAR #618849 Report a problem | ||
| 12/31/2020 | Sold | $1,090,000$358/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $15,541 +1.3% | $1,481,443 +10% |
| 2024 | $15,348 +1.8% | $1,346,766 +10% |
| 2023 | $15,075 +11.1% | $1,224,333 +10% |
| 2022 | $13,565 +10.4% | $1,113,030 +10% |
| 2021 | $12,292 +1% | $1,011,845 +5.8% |
| 2020 | $12,176 | $956,615 +10% |
| 2019 | $12,176 +13.3% | $869,650 -1.2% |
| 2018 | $10,742 +2.1% | $880,562 -1.3% |
| 2017 | $10,517 +2.9% | $892,569 +13.3% |
| 2016 | $10,223 +5.9% | $787,881 +7.3% |
| 2015 | $9,655 | $734,108 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 33050
Nearby schools
GreatSchools rating
- 5/10Stanley Switlik Elementary SchoolGrades: PK-5Distance: 0.7 mi
- 5/10Marathon SchoolGrades: 6-12Distance: 1 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Florida
- Monroe County
- Marathon
- 33050
- 901 46th St
Nearby cities
Nearby zip codes
Other Marathon Topics
