435 121ST St Gulf, Marathon, FL 33050

$1,300,000
Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 1,731 Lot Size (sq. ft.): 6,500 Status: Closed
Current Price: $1,300,000 List Date: 1/06/2025 Last Modified: 11/14/2025

Description

Endless Views, Endless Possibilities - Your Waterfront Dream Home Awaits! This unique waterfront property, designed in the shape of a riverboat, offers an exceptional opportunity to create your ideal coastal retreat. Nestled on a prime 6,500 sq ft lot, the home boasts spectacular, unobstructed views of the Gulf of Mexico from nearly every room, with a living area lined with windows that frame the breathtaking scenery. Still owned by the family who originally built it, this fixer-upper is a rare canvas for those with vision and a passion for customization. Whether you choose to renovate and transform the current structure or demolish and build your dream home from the ground up, the possibilities are truly endless. With plenty of space for a pool, tiki bar, or outdoor entertainment area, this property provides the perfect backdrop for luxurious waterfront living. Located on sought-after Vaca Cut, you'll have quick access to both the Ocean and the Gulf, offering unparalleled convenience for boating and water enthusiasts. The sellers are highly motivated, so don't miss your chance to secure this one-of-a-kind property and create your very own piece of paradise!

More Information MLS# 612989

Contract Information

Listing Board: Marathon/Lower Keys As is Rght to Inspct: Yes Potential Short Sale: No Bank Owned: No Species List: No Current Price: $1,300,000 Listing Date: 2025-01-06 Sold Price: $1,300,000

Location, Tax & Legal

City: MARATHON Mile Marker: 53.5 Marathon Neighborhood: Vaca East (Vaca to Coco) Side: Bay/Gulf Flood Zone: AE,VE,VE Alternate Key #: 1439576 Parcel #: 00357540-000000 Zoning: RM - Residential Medium Deed Restrictions: No Legal: BK C LT 7 AND 100SF LT 8 AND 500FT LT 9 HAWAIIAN VILLAGE PB4-70 FAT DEER KEY OR162-248/50 OR813-566 OR871-2115 OR892-21 Taxes: 8594.77 Tax Year: 2023 Pub Sewer HkUp: Yes Street #: 435 Street Name: 121ST St Gulf Key/Island: Marathon State/Province: FL Zip Code: 33050 County: Monroe Subdivision: Hawaiian Village (53.5) Area: 17 - Vaca Cut - Both Sides Holiday Inn/Key Colony

General Property Description

Realtor.COM Type: Residential - Single Family Waterfront: Yes Control Depth: 4 Lot SqFt: 6500 Pool: No Lot Sqft Source: Property Data Card Total Units: 0 Acres: 0.15 SqFt Source: Property Data Card Rentals Allowed: Yes Min Rental Days: 7 Style: Single Family Year Built: 1981 Living Apx SqFt: 1731 Total Bedrooms: 3 Full Baths: 3 Total Baths: 3

Remarks & Misc

Remarks – Consumer: Endless Views, Endless Possibilities - Your Waterfront Dream Home Awaits! This unique waterfront property, designed in the shape of a riverboat, offers an exceptional opportunity to create your ideal coastal retreat. Nestled on a prime 6,500 sq ft lot, the home boasts spectacular, unobstructed views of the Gulf of Mexico from nearly every room, with a living area lined with windows that frame the breathtaking scenery. Still owned by the family who originally built it, this fixer-upper is a rare canvas for those with vision and a passion for customization. Whether you choose to renovate and transform the current structure or demolish and build your dream home from the ground up, the possibilities are truly endless. With plenty of space for a pool, tiki bar, or outdoor entertainment area, this property provides the perfect backdrop for luxurious waterfront living. Located on sought-after Vaca Cut, you'll have quick access to both the Ocean and the Gulf, offering unparalleled convenience for boating and water enthusiasts. The sellers are highly motivated, so don't miss your chance to secure this one-of-a-kind property and create your very own piece of paradise! Directions: Turn off US1 onto 121st St. Gulf right next to NAPA Auto Parts. House is on the curve of the road directly on the Gulf of Mexico.

Association Info

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

Fee Includes

None: 1

Dockage

Seawall: Rip Rap

Tax Exemptions

Homestead: 1

Appliances

Microwave: 1 Oven: 1 Range: 1 Refrigerator: 1

Pets

Pets Allowed: 1

Cooling

Ceiling Fans(s): 1 Central Air: 1

Waterfront

Bay Front: 1 Gulf Front: 1 Open Water: 1

Waterview

Bay/Gulf View: 1 Open Water View: 1

Floor

Tile: 1 Other: 1

Neighborhood Feature

Airstrip: 1 Bike Paths: 1

Interior Features

Drapes/Blinds Incl: 1 Elevator: 1

Property Condition

Fixer Upper: 1

Building Style

Above Flood: Unknown

Windows/Doors

Single Hung Windows: 1

Vehicle Storage

Car(s): 4+ Carport: 1 Open Parking: 1

Security

Patrolled Area: 1

Construction

CBS: 1

Land Size

Less Than 1/4 Acre: 1

Furnished

Negotiable: 1

Terms

Cash: 1 Conventional: 1 No Seller Finance: 1

Utilities

Buyer to Verify: 1 Elect Separate Meter: 1 FKAA: 1 Municipal Sewer: 1 Water Separate Meter: 1

Porch/Balcony

Open Porch/Balcony: 1

Title

Title Ins - Buyer: 1

Exterior Features

Storage: 1

Roof

Concrete Roof: 1

Financial Status

Bank Owned: No Potential Short Sale: No

Shutters

Accordion: 1

Status Change Info

Sold Date: 2025-11-14 Sold Price: $1,300,000 Status: Closed

Property Features

Fee Includes: None Tax Exemptions: Homestead Waterfront: Bay Front; Gulf Front; Open Water Waterview: Bay/Gulf View; Open Water View Property Condition: Fixer Upper Vehicle Storage: Carport; Open Parking Furnished: Negotiable Cooling: Ceiling Fans(s); Central Air Utilities: Buyer to Verify; Elect Separate Meter; FKAA; Municipal Sewer; Water Separate Meter Interior Features: Drapes/Blinds Incl; Elevator Appliances: Microwave; Oven; Range; Refrigerator Exterior Features: Storage Construction: CBS Shutters: Accordion Floor: Tile; Other Roof: Concrete Roof Pets: Pets Allowed Neighborhood Feature: Airstrip; Bike Paths Security: Patrolled Area Land Size: Less Than 1/4 Acre Terms: Cash; Conventional; No Seller Finance Title: Title Ins - Buyer
Listing Office: LPT Realty, LLC
Last Updated: November - 14 - 2025
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