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Lot/land
  • $25,000,000

    1 Seppala Way, Key West, FL 33040

    --beds
    0baths
    4Acres
    Unimproved Land
    Built in ----
    4 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Private ocean reefPrivate highway access
    Introducing Enchanted Island, an unparalleled private island located 1.5 miles from Key West accessible via its own private highway exit from US 1. This rare real estate jewel offers an exclusive escape like no other. Presently zoned for sub urban residential use, the island permits the construction of up to two homes. Elevated 15 feet to meet construction codes and with building permits already secured, Enchanted Island is posed for your development aspirations. Additionally, the seller has completed engineered architectural plans for a 7,437 SF home. For those with a vision grander in scale, the option of rezoning and securing permits for up to ten homes exists, providing endless possibilities for your imagination. Enchanted Island boasts all essential utilities, including a new 1000A 120/240V power service, underwater sewer and power lines, and AT&T fiber connectivity. With building permits in hand, your journey from blueprint to building can commence without delay. Spanning an impressive 4 acres, Enchanted Island offers both tranquility and unique features, such as a private ocean reef and partial dredging, ideal for potential boat dock installation. In addition to its private highway access, the island has a history with helicopter use, hinting at the potential for establishing a heliport to further enhance its exclusivity and convenience for the distinguished few who will call it home or their luxury getaway. Enchanted Island seamlessly combines isolation with connectivity, offering a lifestyle statement for the discerning few. This exotic haven envisioned for the elite seeking not just a residence but a statement of lifestyle, stands ready to fulfill visions of grandeur against the breathtaking backdrop of the Florida Keys. Seize the unparalleled opportunity to turn your dream of island living into your reality with Enchanted Island.
    828 days
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    874
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    31
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    Zillow last checked:

    Listing updated:

    Listed by:

    Jenna Stauffer 260-433-2319,

    Ocean Sotheby's International Realty

    Source: FLKMLS,MLS#: 609597MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bathrooms: 0

      Property

      Features
      • On waterfront: Yes
      • Frontage type: Beach Front
      Lot
      • Size: 4 Acres
      • Features: Cleared
      Details
      • Additional parcels included: 00141132.003500
      • Parcel number: 00141132003400
      • Zoning: SR - Sub Urban Residential District

      Utilities & green energy

      • Electric: Electric on Site

      Community & HOA

      Community
      • Features: Other
      • Security: Other
      • Subdivision: Key Haven 1st Add (5.0)
      HOA
      • Has HOA: No
      Location
      • Region: Key West

      Financial & listing details

      • Annual tax amount: $17,230
      • Date on market: 4/15/2024
      • Electric utility on property: Yes

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        4/2/2026Price change$25,000,000+66.7%
        Source: FLKMLS #609597 Report a problem
        10/17/2024Price change$15,000,000-11.8%
        Source: Key West AOR #609597 Report a problem
        7/17/2024Price change$17,000,000-5.6%
        Source: Key West AOR #609597 Report a problem
        4/15/2024Listed for sale$18,000,000
        Source: Key West AOR #609597 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Estimated monthly payment$1,822
        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 33040

        Getting around

        9 / 100
        Car-Dependent
        20 / 100
        Minimal Transit
        68 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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