206 12Th Street Gulf Street, Marathon, FL 33050

$1,400,000

Property Type: Residential Bedrooms: 10 Baths: 5 Square Footage: 2,536 Lot Size (sq. ft.): 7,840 Status: Active

Current Price: $1,400,000 List Date: 2/20/2026 Last Modified: 2/20/2026

Description

THIS UNIQUE WATERFRONT PROPERTY HAS 5 units on the property and all are long term rentals. There are 5 BUILDING RIGHTS that come with this property (please ask Listing Agents for details.

More Information MLS# 618740

Contract Information

Listing Board: Marathon/Lower Keys As is Rght to Inspct: Yes Species List: No Current Price: $1,400,000 Listing Date: 2026-02-19 List Price: $1,400,000

Location, Tax & Legal

City: MARATHON Off Shore Island: No Mile Marker: 48 Marathon Neighborhood: Old Town West (11th to 25th) Side: Bay/Gulf Alternate Key #: 1118788 Parcel #: 00101600000000 Zoning: RM - Residential Medium Deed Restrictions: Unknown Legal: Pt Govt Lt 1 Hog Key 8 66 32 Or221-332/34 Or936-418Affd Or936-412/13 Or1030-2073/74 Or1582-1089/90 Or2293-2333/36 Taxes: 9671.07 Tax Year: 2025 Pub Sewer HkUp: Yes Street #: 206 Street Name: 12Th Street Gulf Street Suffix: Street Key/Island: Marathon State/Province: FL Zip Code: 33050 County: Monroe Subdivision: Halls Sub (48.0) Area: 13 - 7 Mile Bridge to Sombrero Bch Rd E & W

General Property Description

Realtor.COM Type: Multi-family Waterfront: Yes Control Depth: 5 Lot Size: 50 X 152 Lot SqFt: 7840 Pool: No Lot Sqft Source: Tax Records Total Units: 5 Acres: 0.18 SqFt Source: Tax Records Rentals Allowed: Yes Min Rental Days: 7 Style: Multi-Units Year Built: 1949 Living Apx SqFt: 2536 Total Bedrooms: 10 Full Baths: 5 Total Baths: 5

Remarks & Misc

Remarks – Consumer: THIS UNIQUE WATERFRONT PROPERTY HAS 5 units on the property and all are long term rentals. There are 5 BUILDING RIGHTS that come with this property (please ask Listing Agents for details. Directions: Take a Rt onto 12th St Gulf and property #206 is first residential property.

Association Info

Mandatory Home Owners Asc: No 1st Right of Refusal: No Association Fee $: 0

Fee Includes

None: 1

Dockage

Dock Length: 50 Seawall: Concrete

Tax Exemptions

None: 1

Appliances

Range: 1 Refrigerator: 1

Pets

Pets Allowed: 1

Waterfront

Bay Front: 1 Gulf Front: 1

Waterview

Bay/Gulf View: 1 Open Water View: 1

Property Condition

Fixer Upper: 1

Building Style

Above Flood: Unknown Conch: 1 Ground Level: 1

Vehicle Storage

Off Street Parking: 1

Security

Patrolled Area: 1

Construction

Combo Construction: 1

Land Size

Less Than 1/4 Acre: 1

Furnished

Unfurnished: 1

Terms

Cash: 1 Conventional: 1

Utilities

Cable Available: 1 FKAA: 1 Municipal Sewer: 1

Porch/Balcony

Deck: 1

Title

Title Ins - Buyer: 1

Roof

Combo Roof: 1

Financial Status

Standard Sale: Yes

Status Change Info

Status: Active

Property Features

Fee Includes: None Tax Exemptions: None Waterfront: Bay Front; Gulf Front Waterview: Bay/Gulf View; Open Water View Property Condition: Fixer Upper Building Style: Conch; Ground Level Vehicle Storage: Off Street Parking Furnished: Unfurnished Utilities: Cable Available; FKAA; Municipal Sewer Appliances: Range; Refrigerator Construction: Combo Construction Roof: Combo Roof Pets: Pets Allowed Security: Patrolled Area Land Size: Less Than 1/4 Acre Terms: Cash; Conventional Title: Title Ins - Buyer

Listing Office: Coldwell Banker Schmitt Real Estate Co.

Last Updated: February - 20 - 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.

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