For sale

Price cut: $100K (7/20)

$2,050,000

5331 5th Ave, Stock Island, FL 33040

6beds

5,705sqft

$11,849/mo

Get pre-qualified

Multi Family

Built in 1938

-- sqft lot

$-- Zestimate^®

$359/sqft

$-- HOA

What's special

Attention Developers and Investors! This is a unique opportunity to acquire four parcels totaling 30,000 square feet of prime land just minutes from Key West. Ideally situated at Mile Marker 5, this property boasts a central location near some of the area's most sought-after resorts, dining establishments, and marinas. Whether you're looking to develop a new residential community, a commercial venture, or a combination of both, this land offers incredible potential. Its proximity to key attractions and amenities ensures a steady flow of visitors and residents, making it an ideal investment for future growth and profitability. 7 Electric Meters. 7 Water Meters. MU- Mixed Use Zoning. ROGO exempt for 6 or 7 units may be possible.

61 days
144
6

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 6
Full bathrooms: 6

Appliances

Included: Refrigerator

Interior area

Total structure area: 5,705
Total interior livable area: 5,705 sqft

Property

Lot

Size: 0.69 Acres
Dimensions: 200X150

Details

Additional parcels included: 00126830-000000
Parcel number: 00126820000000
Zoning: MU - Mixed Use Commercial Mixed Use

Construction

Type & style

Home type: MultiFamily
Architectural style: Other
Property subtype: Multi Family

Materials

CBS, Frame, Manufactured, Combo Construction

Condition

Year built: 1938

Community & HOA

Community

Features: Other
Subdivision: Maloney Sub (5.0)

HOA

Has HOA: No
Services included: None

Location

Region: Stock Island

Financial & listing details

Price per square foot: $359/sqft
Tax assessed value: $627,027
Annual tax amount: $23,691
Date on market: 6/30/2026
Listing terms: Cash,Conventional

Estimated market value

Not available

Estimated sales range

Not available

$4,521/mo

Price history

Date	Event	Price
7/20/2026	Price change	$2,050,000-4.7%$359/sqft
Source: FLKMLS #620462 Report a problem
6/30/2026	Listed for sale	$2,150,000-21.8%$377/sqft
Source: FLKMLS #620462 Report a problem
10/8/2025	Listing removed	$2,750,000$482/sqft
Source: FLKMLS #614930 Report a problem
6/24/2025	Price change	$2,750,000-8.3%$482/sqft
Source: FLKMLS #614930 Report a problem
5/7/2025	Listed for sale	$2,999,000+20.4%$526/sqft
Source: FLKMLS #614930 Report a problem
1/11/2022	Listing removed	--
Source: Key West AOR #595702 Report a problem
4/19/2021	Listed for sale	$2,490,000$436/sqft
Source: FLKMLS #595702 Report a problem
3/26/2021	Listing removed	--
Source: Key West AOR Report a problem
9/26/2020	Listed for sale	$2,490,000$436/sqft
Source: Sellstate Island Properties (KW) #592730 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$7,642 +3.2%	$627,027 +0.9%
2024	$7,402 -8.2%	$621,319 -10.5%
2023	$8,065 +64.6%	$694,255 +152.6%
2022	$4,899 +11.8%	$274,856 +10%
2021	$4,382 +0.5%	$249,869 +1.4%
2020	$4,362	$246,384 +5.2%
2019	$4,362 +2.6%	$234,315 +0.2%
2018	$4,251 -1.1%	$233,923 -6.7%
2017	$4,296 -2.8%	$250,798 +3.2%
2016	$4,422 +32.6%	$243,063 +6%
2015	$3,335	$229,356