$1,725,000
440-442 48th Ocean Street
Marathon, FL 33050
MARAMEADE AMD
Explore the area: Monroe County real estate
Price Check
How this price compares
- List price
- $1,725,000
- Price per sq ft
- $769
- Original price
- $1,750,000
- Days on market
- 352
This multi-family property is listed at $1,725,000, or $769 per square foot. The asking price has come down 1.4% from its original $1,750,000. It has been on the market for 352 days.
Estimated monthly payment
$9,066 /mo
Principal and interest only, based on $345,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $1,725,000
- Days on Site
- 352 Days
- Bedrooms
- 0
- Total Baths
- 0
- Living Area
- 2,244 sqft
- Total Sq Ft
- 4,478 sqft
- Year Built
- 1981
- Property Type
- Multi-Family
- MLS #
- A11841247
- Property Tax
- $11,601 (2023)
- Subdivision
- MARAMEADE AMD
- County
- Monroe
- Status
- Active
About This Property
Stunning duplex on a generous 7,500 square foot lot with 75 feet of dock/sea wall. Each unit has 3 bedrooms and 2 bathrooms. Enjoy the Florida lifestyle with an above ground pool and fully fenced yard, ideal for entertaining. Short term rentals possible with the appropriate license. Live in one unit and receive rental income from the other, keep it as a duplex investment, or convert it into a single-family home facing deep water canal with no bridges. Strong rental market. Both units offer spacious layouts, ample parking, and separate utilities. The property's canal front location offers excellent access to the ocean/bay with minimal time. Very well protected with boot key harbor. The owner is a real estate agent WATERFRONT DUPLEX WITH ENDLESS POSSIBILITIES | Prime Investment Opportunity Full water front duplex on a generous 7,500 sq ft lot boasting 75 feet of seawall and private wooden dock. Each well-maintained unit features 3 beds/2 baths with modern updates. Enjoy the Florida lifestyle with an above-ground pool and fully fenced yard perfect for entertaining. Perfect for a large family or two families. Multiple investment strategies await: Live in one unit while collecting rental income from the other, maintain as a profitable duplex investment (short term 7 night rentals possible with the appropriate rental license) or convert to a luxurious single-family waterfront estate. Strong rental market in this sought-after location ensures steady cash flow potential.Both units offer spacious layouts, ample parking, and separate utilities. The property's waterfront location provides excellent boating access to both ocean & bay side of the keys and stunning city & sunset views. Don't miss this rare opportunity to own a versatile investment property with significant upside potential.
MLS media linkGeneral Features
- Property Type
- Multi-Family
- Status
- Active
- Year Built
- 1981
- Number of Stories
- 2
- Living Sq Ft
- 2,244
- Total Sq Ft
- 4,478
- Structure Type
- Duplex
- Sewer
- Public Sewer
- Water Source
- Public
- Zoning
- UR
Interior Features
- Cooling
- Central Air
- Heating
- Central / Other / Separate Meters
- Flooring
- Ceramic Tile
Exterior Features
- Construction
- Block
- Roof
- Metal
- Exterior Features
- Balcony / Barbecue / Outdoor Living Area / Outdoor Shower / Room For Pool
- Private Pool
- Yes
- Pool Features
- Above Ground / Pool Equipment
- Patio & Porch
- Deck / Open / Balcony
- Waterfront
- Yes
- Waterfront Features
- Canal Front
- Frontage
- Waterfront
- Frontage Length
- 75.00 ft
Community & HOA
- Utilities
- Cable Available
- Financing Terms
- Cash / Conventional / Cryptocurrency / Other
- MLS Area
- 2980
About the Area
- Homes for Sale
- 61
- Under Contract
- 0
- Median List Price
- $1,087,500
- Median $/Sq Ft
- $659
- Avg Days on Market
- 209
Frequently Asked Questions
- How do I schedule a tour of 440-442 48th Ocean Street, Marathon, FL 33050?
- Use the Tour button on this listing to request a showing of 440-442 48th Ocean Street, Marathon, FL 33050. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 440-442 48th Ocean Street, Marathon, FL 33050 still available?
- 440-442 48th Ocean Street, Marathon, FL 33050 is currently listed as Active, and has been on the market 352 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 440-442 48th Ocean Street, Marathon, FL 33050?
- With 20% down ($345,000) on the $1,725,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 440-442 48th Ocean Street, Marathon, FL 33050 is about $9,066/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 440-442 48th Ocean Street, Marathon, FL 33050?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 440-442 48th Ocean Street, Marathon, FL 33050. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Can I negotiate the price of 440-442 48th Ocean Street, Marathon, FL 33050?
- Often, yes. The right offer on 440-442 48th Ocean Street, Marathon, FL 33050 depends on how it's priced against comparable multi-family sales in Marathon, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of LoKation
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated June 25, 2026.
$1,725,000
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Listed by Danielle M Torres, LoKation
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