Rare income-producing open-water compound on Cudjoe Key featuring 5 cottages plus a spacious main house. This gated, turnkey waterfront property offers direct open-water views, private dockage with ample boat space, on-site boat ramp, swimming pool, and lush tropical landscaping. Ideal for vacation rental income, corporate retreat, or private family compound. Each unit is well-appointed for guest comfort and positioned to maximize privacy. Excellent boating access to world-class fishing and diving. Strong investment opportunity in the Lower Keys with established income potential. Zoned Sub Urban Residential with one Buildable Sub Urban Commercial Lot, verify with the County.
Included Parcel#'s Sub Urban Residential 00174920-000200, 00174920-000300, 00174920-000400, 00174920-000000, 00174920-000100, 00174920-000500. Sub Urban Commercial 00174920-000600. Owner is licensed Realtor. 5 (2 bedroom one bath cottages) and one (3 bedroom 2 bath house), 6 water meters, 6 electric meters. Heated salt water pool. The property is also listed with 9 additional units MLS #612522.
For sale
Price cut: $295K (7/7)
$5,995,000
21470 Overseas Hwy, Cudjoe Key, FL 33042
13beds
5,022sqft
:
Get pre-qualified$36,762/mo
Multi Family
Built in 1977
-- sqft lot
$-- Zestimate®
$1,194/sqft
$-- HOA
What's special
Swimming poolHeated salt water poolOpen-water compoundLush tropical landscapingDirect open-water viewsGated turnkey waterfront propertyOn-site boat ramp
- 44 days |
- 421 |
- 15 |
Zillow last checked:
Listing updated:
Listed by:
Jennifer A Weeks 305-509-2439,
Select Properties of NWFL
Source: FLKMLS,MLS#: 620213
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 13
- Bathrooms: 7
- Full bathrooms: 7
Heating
- Has Heating (Unspecified Type)
Cooling
- Central Air
Appliances
- Included: Dishwasher, Refrigerator, Range
Features
- Flooring: Tile, Vinyl, Combination
- Furnished: Yes
Interior area
- Total structure area: 5,022
- Total interior livable area: 5,022 sqft
Property
Parking
- Parking features: RV Access/Parking, Storage
Features
- Patio & porch: Open Porch/Balcony, Screened Patio
- Has private pool: Yes
- Pool features: In Ground, Salt Water
- On waterfront: Yes
Lot
- Size: 1.2 Acres
- Dimensions: 1.2 acres
Details
- Additional parcels included: 00174920-000100
- Parcel number: 00174920000600
- Zoning: SR - Sub Urban Residential District
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Conch
- Property subtype: Multi Family
Materials
- Frame, Combo Construction
Condition
- Year built: 1977
Utilities & green energy
- Utilities for property: Water Separate Meter, Elect Separate Meter
Community & HOA
Community
- Subdivision: Sacarma (21.0)
HOA
- Has HOA: No
- Services included: None
Location
- Region: Cudjoe Key
Financial & listing details
- Price per square foot: $1,194/sqft
- Tax assessed value: $315,732
- Annual tax amount: $29,313
- Date on market: 6/9/2026
Estimated market value
Not available
Estimated sales range
Not available
$7,508/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/7/2026 | Price change | $5,995,000-4.7%$1,194/sqft |
Source:  FLKMLS #620213 Report a problem | ||
| 6/9/2026 | Listed for sale | $6,290,000+399.7%$1,252/sqft |
Source: FLKMLS #620213 Report a problem | ||
| 8/27/2020 | Sold | $1,258,750$251/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,510 +8.8% | $277,356 +10% |
| 2024 | $2,307 +5.3% | $252,142 +10% |
| 2023 | $2,190 +5% | $229,220 +10% |
| 2022 | $2,086 +20.7% | $208,382 +10% |
| 2021 | $1,728 +126.1% | $189,439 +761.1% |
| 2020 | $764 | $21,999 -85.9% |
| 2019 | $764 +19.7% | $155,611 |
| 2018 | $639 +0.6% | $155,611 +15% |
| 2017 | $635 +14.4% | $135,314 +0.4% |
| 2016 | $555 -1.6% | $134,824 +150% |
| 2015 | $564 | $53,930 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 33042
Nearby schools
GreatSchools rating
- 6/10Sugarloaf SchoolGrades: PK-8Distance: 2 mi
- 4/10Key West High SchoolGrades: 9-12Distance: 19.1 mi
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