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New construction
  • $7,000,000

    0 Melody Ky, Summerland Key, FL 33042

    3beds
    2,851sqft
    : 
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    Off Shore Island, Single Family Residence
    Built in 1992
    3.91 Acres Lot
    $6,266,500 Zestimate®
    $2,455/sqft
    $-- HOA

    What's special

    Brand-new boat dockPrivate islandPanoramic water viewsSoaring wood-beamed ceilingsObservation deckElevated observation deckOpen-air living
    An unparalleled opportunity to own your own private island in the Florida Keys. Melody Key is a true rarity--an off-grid sanctuary offering complete privacy, turquoise waters in every direction, and now a brand-new boat dock and observation deck that set the stage for its next chapter.The property is currently undergoing a full renovation with permits and detailed architectural drawings already in place, giving the next owner a priceless advantage: step in at the perfect moment to bypass years of costly planning, engineering, and permitting delays. The most complex and time-consuming site-work has already been completed. With the structure, dockage, and infrastructure well underway, you can now take the reins of a project designed to become one of the most iconic private estates in the Florida Keys.Spanning over 5 acres, this private island offers a main residence with soaring wood-beamed ceilings, panoramic water views, and open-air living powered entirely by solar. From sunrise over the Atlantic to sunsets over the Gulf, the views are endless and unforgettable. The elevated observation deck delivers dramatic 360-degree vistas, perfect for entertaining, stargazing, or simply enjoying total seclusion.The seller has already invested heavily to bring the island to this stage and the estimate is $1.8M anticipated to complete renovations. For a discerning buyer, this creates a rare chance to secure Melody Key at precisely the right moment--capturing significant upside and finishing the project exactly to your vision.There is a private airport in the neighborhood for those with private planes.The property comes with a full residential lot on a canal for boat launches with a seawall located at 1439 Hudgings Dr.Opportunities of this exclusivity simply do not exist elsewhere in the Keys. Melody Key is not just a property--it is a legacy waiting to be completed.
    324 days
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    1,453
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    61
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    Zillow last checked:

    Listing updated:

    Listed by:

    Scott P Forman 305-923-9884,

    Royal Palms Realty (KW)

    Source: FLKMLS,MLS#: 616249MLS LogoOriginating MLS: Key West Association

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 4
      • Full bathrooms: 3
      • 1/2 bathrooms: 1
      Appliances
      • Included: YES
      Features
      • Elevator
      Interior area
      • Total interior livable area: 2,851 sqft

      Property

      Parking
      • Parking features: Off Street
      Accessibility
      • Accessibility features: No, Parking
      Features
      • Levels: 3 Stories
      • Stories: 3
      • Has view: Yes
      • View description: Ocean, Water
      • Has water view: Yes
      • Water view: Ocean,Water
      • Waterfront features: Oceanfront, Waterfront, Dockage: Davit Pads
      Lot
      • Size: 3.91 Acres
      • Dimensions: 228,253
      • Features: 5 Less Than 10 Acres
      Details
      • Parcel number: 00115200000000
      • Zoning: OS
      • Zoning description: Offshore Island District

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Off Shore Island, Single Family Residence
      Materials
      • Frame
      Condition
      • Under Construction
      • New construction: Yes
      • Year built: 1992

      Utilities & green energy

      • Water: Cistern
      • Utilities for property: Buyer to Verify
      Green energy
      • Energy generation: Solar Power

      Community & HOA

      Community
      • Features: Beach, Airport/Runway
      • Subdivision: Snug Harbor Sub (25.0)
      HOA
      • Has HOA: No
      • Services included: None
      Location
      • Region: Summerland Key

      Financial & listing details

      • Price per square foot: $2,455/sqft
      • Annual tax amount: $19,254
      • Date on market: 8/24/2025
      • Listing terms: Cash

        Estimated market value

        $6,266,500

        $5.95M - $6.58M

        Not available

        Price history

        DateEventPrice
        8/24/2025Listed for sale$7,000,000+204.3%$2,455/sqft
        Source: Key West AOR #616249 Report a problem
        3/17/2011Sold$2,300,000$807/sqft
        Source: FLKMLS #537777 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 33042

        Getting around

        0 / 100
        Car-Dependent
        27 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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