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Lot/land
  • $9,499,000

    7000 5th St, Key West, FL 33040

    --beds
    --baths
    77.46Acres
    Unimproved Land
    Built in ----
    77.46 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Beautiful beach areasTwo picturesque parcels
    Nestled along the serene waterfront, these two picturesque parcels offer an unparalleled opportunity to indulge in the quintessential Florida Keys lifestyle. These two expansive plots of land incl. bay bottom present the perfect canvas for your dream waterfront retreat and /or commercial ventures.The Northern parcel consists of about 1,400 ft. of native shoreline, providing ample space for waterfront activities such as swimming, fishing, kayaking, and paddleboarding with deep water on one side and shallow bay bottom on the other side. Spanning 2.03 acres of Mixed Use upland and a total of 45 acres, including bay bottom. Potential uses on the Northern parcel could be Commercial retail, restaurant uses, or any combination thereof, imagine a floating restaurant, small marina, Commercial recreation uses including amusement or sea life park, opening doors to community-centric projects that serve the needs of locals and visitors alike. The off shore island along the channel offers great camp sites.With Mixed Use zoning in place, commercial fishing docks are permitted, providing an excellent opportunity for entrepreneurs in the fishing industry to establish a thriving business. The Southern parcel consists of about 40 acres of mangrove forest, beach berms, hammocks, and trails with approx. 6 acres of upland.So many possibilities. Build your own Equestrian Estate, ''The Southernmost stables''. This property would be an excellent place to host large events like concerts, weddings, farm to table / wine tastings, or possibly therapeutic programs or retreats. Beautiful beach areas. Easy to get to, as the island has access to the mainland via a 1/2 mile land bridge. The property is also located next to one of the largest mega yacht marinas and close to two upscale hotels.The Southern parcel of Cow Key can be purchased by itself. See MLS #601994.Buyer to verify all information and uses.
    856 days
    |
    438
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    21
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    Zillow last checked:

    Listing updated:

    Listed by:

    Ellen Gvili 305-304-2933,

    Ocean Sotheby's International Realty,

    Marc Ulanowski 815-861-3559,

    Equestrian Sotheby's International Realty

    Source: FLKMLS,MLS#: 608897MLS LogoOriginating MLS: Key West Association

      Facts & features

      Property

      Features
      • Has view: Yes
      • View description: Canal, Ocean, Water
      • Water view: Canal,Ocean,Water
      • Waterfront features: Oceanfront, Open Water, Waterfront, Water Frontage, Dockage: None
      Lot
      • Size: 77.46 Acres
      • Dimensions: appro x . 95 acres incl bay bottom
      • Features: 10 or more Acres, Wooded
      • Residential vegetation: Mangrove
      Details
      • Additional parcels included: 00123910000000
      • Parcel number: 00123900000000
      • Zoning: MU
      • Zoning description: Mixed Use District

      Utilities & green energy

      • Utilities for property: None

      Community & HOA

      Community
      • Subdivision: Misc Stock Island (5.0)
      HOA
      • Has HOA: No
      Location
      • Region: Key West

      Financial & listing details

      • Annual tax amount: $52
      • Date on market: 2/26/2024
      • Listing terms: Seller Finance Psble

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        1/18/2026Price change$9,499,000-13.6%
        Source: Key West AOR #608897 Report a problem
        9/6/2025Price change$10,995,000-8.3%
        Source: Key West AOR #608897 Report a problem
        1/31/2025Price change$11,995,000-3.7%
        Source: Key West AOR #608897 Report a problem
        2/28/2024Price change$12,450,000+99900%
        Source: BeachesMLS #RX-10963178 Report a problem
        2/26/2024Price change$12,450-99.9%
        Source: BeachesMLS #RX-10963178 Report a problem
        2/26/2024Listed for sale$12,450,000
        Source: FLKMLS #608897 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

        22 / 100
        Car-Dependent
        20 / 100
        Minimal Transit
        63 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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