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$2,300,000
Marathon, FL 33050
MLS# 618946
4 beds | 2 baths | 1935 sqft
1 / 55
Property Description
Gulf-Front Open Water Estate | Turn-Key | Proven Vacation Rental | Premier Boating Access Experience the ultimate in Florida Keys waterfront living at ''Casa Azul Villa'' -- a beautifully renovated Gulf-front residence in the quiet and highly desirable community of Grassy Key. Showcasing breathtaking open water views, exceptional boating access, and a strong vacation rental history, this property is equally suited as a private coastal retreat or a high-performing investment. Positioned on a secluded, low-traffic street away from US-1 noise, this home offers rare privacy paired with panoramic Gulf vistas and unforgettable sunset skies. Inside, the thoughtfully updated 3-bedroom plus loft bedroom, 2-bath layout is designed for relaxed island living and effortless entertaining. The spacious open-concept living, dining, and kitchen area captures stunning water views while providing seamless flow for gatherings. Offered fully furnished and turn-key, this home is ready to continue operating as a successful vacation rental from day one. Step outside to your private backyard oasis featuring a sparkling pool with sitting area, expansive lounging areas, and dedicated entertaining space -- all overlooking the open Gulf. The waterfront setting creates a true resort-style experience for owners and guests alike. Boating enthusiasts will appreciate the ample dockage and direct Gulf access, providing quick entry to world-class fishing, offshore adventures, and iconic sandbar destinations. Simply step from your backyard to your boat and enjoy some of the best boating the Keys has to offer. Whether you're seeking a luxury waterfront lifestyle, a proven income-producing property, or both -- this Gulf-front estate delivers.
Details
Maps
Contract Information
Listing Board: Key West Association
As is Rght to Inspct: Yes
Species List: No
Current Price: $2,300,000
Listing Date: 2026-03-05
List Price: $2,300,000
Location, Tax & Legal
City: MARATHON
Off Shore Island: No
Mile Marker: 58
Marathon Neighborhood: Grassy Key
Side: Bay/Gulf
Flood Zone: VE VE AE
Alternate Key #: 1457914
Parcel #: 00374840000000
Zoning: RM - Residential Medium
Deed Restrictions: Unknown
Legal: Bk 60 Lt 4 Crains Subd Of Grassy Key Pb 1-51 Pt Secs24-25-26 Twp 65S R 33E
Taxes: 13426.12
Tax Year: 2025
Pub Sewer HkUp: Yes
Street #: 57967
Street Name: Morton
Street Suffix: Street
Key/Island: Marathon
State/Province: FL
Zip Code: 33050
County: Monroe
Subdivision: Crains Sub (58.0)
Area: 19 - Crawl Key & Grassy Key
General Property Description
Realtor.COM Type: Residential - Single Family
Waterfront: Yes
Control Depth: 5
Lot Size: 60 X 150
Lot SqFt: 8550
Pool: Yes
Lot Sqft Source: Property Data Card
Total Units: 1
Acres: 0.53
SqFt Source: Property Data Card
Rentals Allowed: With Restrictions
Min Rental Days: 7
Style: Single Family
Year Built: 1972
Living Apx SqFt: 1935
Total Bedrooms: 4
Full Baths: 2
Total Baths: 2
Remarks & Misc
Remarks – Consumer: Gulf-Front Open Water Estate | Turn-Key | Proven Vacation Rental | Premier Boating Access
Experience the ultimate in Florida Keys waterfront living at ''Casa Azul Villa'' -- a beautifully renovated Gulf-front residence in the quiet and highly desirable community of Grassy Key. Showcasing breathtaking open water views, exceptional boating access, and a strong vacation rental history, this property is equally suited as a private coastal retreat or a high-performing investment.
Positioned on a secluded, low-traffic street away from US-1 noise, this home offers rare privacy paired with panoramic Gulf vistas and unforgettable sunset skies.
Inside, the thoughtfully updated 3-bedroom plus loft bedroom, 2-bath layout is designed for relaxed island living and effortless entertaining. The spacious open-concept living, dining, and kitchen area captures stunning water views while providing seamless flow for gatherings. Offered fully furnished and turn-key, this home is ready to continue operating as a successful vacation rental from day one.
Step outside to your private backyard oasis featuring a sparkling pool with sitting area, expansive lounging areas, and dedicated entertaining space -- all overlooking the open Gulf. The waterfront setting creates a true resort-style experience for owners and guests alike.
Boating enthusiasts will appreciate the ample dockage and direct Gulf access, providing quick entry to world-class fishing, offshore adventures, and iconic sandbar destinations. Simply step from your backyard to your boat and enjoy some of the best boating the Keys has to offer.
Whether you're seeking a luxury waterfront lifestyle, a proven income-producing property, or both -- this Gulf-front estate delivers.
Directions: Turn Gulf-side (MM 58) off US-1 onto Tropical Ave. Right turn onto Morton Street. Past Avocado Ave, house is on the left. 57967
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Association Fee $: 0
Fee Includes
None: 1
Dockage
Dock: Wood
Tax Exemptions
None: 1
Appliances
Dishwasher: 1
Dryer: 1
Microwave: 1
Oven: 1
Refrigerator: 1
Stainless Steel Appliance(s): 1
Washer: 1
Pets
Pets Allowed: 1
Cooling
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
Interior Features
Built-in Cabinets: 1
Cathedral Ceilings: 1
Drapes/Blinds Incl: 1
Entrance Foyer: 1
Granite Counter Top: 1
Split Bedroom: 1
Property Condition
Updated/Remodeled: 1
Specialty Rooms
Loft: 1
Building Style
Above Flood: No
Ground Level: 1
Stories: 1 Story
Windows/Doors
Impact Rstnce Doors: 1
Impact Rstnce Window: 1
Vehicle Storage
Open Parking: 1
Off Street Parking: 1
Construction
Combo Construction: 1
Land Size
Less Than 1/4 Acre: 1
Furnished
Furnished: 1
Terms
Cash: 1
Conventional: 1
FHA: 1
VA: 1
Utilities
Buyer to Verify: 1
FKAA: 1
Porch/Balcony
Open Porch/Balcony: 1
Patio: 1
Title
Title Ins - Buyer: 1
Exterior Features
Fencing: 1
Lanai: 1
Pool Info
In Ground: 1
Heated: Yes
Fiberglass: 1
Decked: 1
Pre-Wired
Cable: 1
Roof
Tile 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; Open Water
Waterview: Bay/Gulf View; Open Water View
Property Condition: Updated/Remodeled
Building Style: Ground Level
Vehicle Storage: Off Street Parking; Open Parking
Furnished: Furnished
Cooling: Central Air
Utilities: Buyer to Verify; FKAA
Interior Features: Built-in Cabinets; Cathedral Ceilings; Drapes/Blinds Incl; Entrance Foyer; Granite Counter Top; Split Bedroom
Pre-Wired: Cable
Specialty Rooms: Loft
Appliances: Dishwasher; Dryer; Microwave; Oven; Refrigerator; Stainless Steel Appliance(s); Washer
Exterior Features: Fencing; Lanai
Pool Info: In Ground; Fiberglass; Decked
Construction: Combo Construction
Floor: Tile
Roof: Tile Roof
Pets: Pets Allowed
Land Size: Less Than 1/4 Acre
Terms: Cash; Conventional; FHA; VA
Title: Title Ins - Buyer
Listing Office: Expert Realty LLC (HQ)
Last Updated: March - 06 - 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.