For sale

Price cut: $100K (7/20)

$2,050,000

5331 5th Ave, Stock Island, FL 33040

6beds

5,705sqft

$12,516/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.

107 days
96
3

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: $552,668
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

$6,074/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: Key West AOR #614930 Report a problem
6/24/2025	Price change	$2,750,000-8.3%$482/sqft
Source: Key West AOR #614930 Report a problem
5/7/2025	Listed for sale	$2,999,000+20%$526/sqft
Source: Key West AOR #614930 Report a problem
7/25/2022	Sold	$2,500,000$438/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$7,085 +3.7%	$552,668 +0.5%
2024	$6,830 -18.7%	$550,068 -12.7%
2023	$8,406 +60.9%	$630,022 +197%
2022	$5,224 +12.2%	$212,158 +10%
2021	$4,657 +0.1%	$192,871
2020	$4,652	$192,871 +7%
2019	$4,652 +2.8%	$180,230 +0.9%
2018	$4,524 -0.1%	$178,618 -7%
2017	$4,526 -1.5%	$192,013 -2%
2016	$4,593 +0.9%	$195,950 +7.1%
2015	$4,554	$182,960