Home » Key West » 7200 5th Street, Key West, FL 33040 | R10804772/RX-10804772

Unimproved Land For Sale 7200 5th Street, Key West, FL 33040

$8,950,000
Price has decreased by $550,000

Property Highlights

Listing ID R10804772/RX-10804772 Status of this Listing: Active For Sale Property Type Land Unimproved Land Lot area 2,371,316 Sqft/220302.47 m2 approx. Waterfront Time of this property on Rebonus 975 Day(s)

7200 5th Street, Key West, FL 33040

Property Description: A rare opportunity to own a private island minutes from Key West. There are so many possibilities. A private equestrian estate, ' 'The Southernmost Stables ' '. This property would be an excellent place to host large events 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 upscale hotels. The owners currently run a small farm, bee keeping and kids summer camps on the island. One of the few places with untouched nature left in the Florida Keys.

Useful Info

Previous Asking Price:$9,500,000
Original List Price:$9,500,000

Land Lot (Parcel) Details

Lot Features:
  • Beach Front
Lot Size Unit:Square Feet

Property Features

Waterfront:Yes
Waterfront Features:
  • Ocean Front
Vegetation:
  • Brush

Taxes and Expenses

Tax Annual Amount:$455

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2021

Terms

Documents Available:
  • Survey
Listing Terms Considered by Seller:
  • Cash
Lease Considered:No

Community

Subdivision Name:none
Complex Name:none
Senior Community:No
Development Status:
  • Raw Land

Parking

Covered Spaces:0

More Details

Other Information:
Data exchange original Listing NumberRX-10804772
Ref1018398451

Zoning and Legal

Tax Legal Description:2 68 25 / 35 67 25 COW KEY ALL FRACTIONAL OR52-425 OR214-82 OR495-942 OR785-676 OR826-91 OR901-1100 OR1349-624 OR1364-20
Real Estate Folio Number (Parcel Number):00123910000000
Zoning Description:MU

Listing History

Update/EventDate/Days
Published Date:June 1, 2022 1:54 pm
On Market Date:June 1, 2022
Listing Contract Date:June 1, 2022
Price Change Date Time:January 31, 2025 12:00 am
Last Important Update Description:Price Change
Date and Time of Last Important Update:January 31, 2025 11:43 am
Status Last Changed:December 2, 2023 12:00 am
Photos Last Modified:December 12, 2024 7:17 pm
Last Modified:January 31, 2025 6:02 pm
Days on the Market Reference Date:January 31, 2025
Days on the Market (updated on Last Modified*):811
Cumulative Days on the Market (updated on Last Modified**):811

Additional Information

Lot Size Range:, 10+ Acres
Number of Photos:9
Location:Beach Area,
Included:,,
Area:5940
Automated Valuation Display:Yes
Courtesy of:Equestrian Sotheby's International Realty Inc.
Universal Property Id:US-12087-N-00123910000000-R-N

Location

Show Property Address:Yes
Street Name:5th Street
Street Number:7200
Street Address:7200 5th Street
City : Key West
State : Florida
Zip Code : 33040
County : Monroe
Full Address:7200 5th Street, Key West, FL 33040
Latitude:N24° 33' 35.5''
Longitude:W82° 15' 29.7''

Neighborhood

Postal City:Key West

Property Map