901 46th St, Marathon, FL 33050

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 views Licensed vacation rental with proven income history Two private pools + hot tub Private dock with easy Gulf access Flexible multi-family layout Peaceful end-of-road location Numerous upgrades and renovations Currently 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.