$7,000,000

0 Melody Key Unit 616249 Summerland Key, FL 33042

Estimated payment $38,441/month

Total Views 1,933
3 Beds
4 Baths
2,851 Sq Ft
$2,455 Price per Sq Ft

About This Home

An unparalleled opportunity to own your own private island in the Florida Keys. Melody Key is a true rarity--an off-grid sanctuary offering complete privacy, turquoise waters in every direction, and now a brand-new boat dock and observation deck that set the stage for its next chapter.The property is currently undergoing a full renovation with permits and detailed architectural drawings already in place, giving the next owner a priceless advantage: step in at the perfect moment to bypass years of costly planning, engineering, and permitting delays. The most complex and time-consuming site-work has already been completed. With the structure, dockage, and infrastructure well underway, you can now take the reins of a project designed to become one of the most iconic private estates in the Florida Keys.Spanning over 5 acres, this private island offers a main residence with soaring wood-beamed ceilings, panoramic water views, and open-air living powered entirely by solar. From sunrise over the Atlantic to sunsets over the Gulf, the views are endless and unforgettable. The elevated observation deck delivers dramatic 360-degree vistas, perfect for entertaining, stargazing, or simply enjoying total seclusion.The seller has already invested heavily to bring the island to this stage and the estimate is $1.8M anticipated to complete renovations. For a discerning buyer, this creates a rare chance to secure Melody Key at precisely the right moment--capturing significant upside and finishing the project exactly to your vision.There is a private airport in the neighborhood for those with private planes.The property comes with a full residential lot on a canal for boat launches with a seawall located at 1439 Hudgings Dr.Opportunities of this exclusivity simply do not exist elsewhere in the Keys. Melody Key is not just a property--it is a legacy waiting to be completed.

Listing Agent

Scott Forman

Royal Palms Realty (KW) License #3045796 Listed on: 08/23/2025

Map

Property Details

Property Type

Other

Est. Annual Taxes

$19,005

Year Built

1992

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Off Shore Island
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Fee Includes: None
  • Handicap Access: No
  • Key Island: Summerland Key
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 25.00
  • Min Rental Days: 1.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Beach, Airstrip
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Side: Ocean
  • State Province: FL
  • Taxes: 19254.48
  • Vehicle Storage: Off Street Parking
  • Year Built: 1992
  • Alternate Key Number: 1146030
  • Lot Sq Ft: 32670.00
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 3 Stories
  • Estimated Living Sq Ft: 2851.00
  • Property Condition: Under Construction
  • Sewer Hook Up: No
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Other
  • Stories: 3

Interior Features

  • Interior Amenities: Elevator
  • Total Bathrooms: 4.00
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Appliances Other: YES
  • Total Bedrooms: 3
  • Accessibility Features: Parking

Exterior Features

  • Dockage: Davit Pads
  • Waterfront: Oceanfront
  • Waterfront: Yes
  • Construction: Frame
  • Waterview: Ocean View, Open Water View
  • Pool: No

Utilities

  • Utilities: Cistern, Solar Power, Buyer to Verify

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: VE,VE,AE
  • Parcel Number: 00115200-000000
  • Lot Size: 228,253
  • Land Size: 5 Less Than 10 Acres
  • Acres: 3.91

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2024

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $19,005 $2,797,811 $1,961,321 $836,490
2023 $19,005 $2,740,533 $1,921,300 $819,233
2022 $18,175 $2,758,680 $1,921,300 $837,380
2021 $17,158 $2,353,924 $1,601,134 $752,790
2020 $17,019 $2,317,097 $1,555,396 $761,701
2019 $17,746 $2,414,871 $1,644,258 $770,613
2018 $16,676 $2,214,309 $1,535,467 $678,842
2017 $16,704 $2,222,551 $0 $0
2016 $16,931 $2,133,926 $0 $0
2015 $17,218 $2,110,926 $0 $0
2014 $15,577 $2,141,349 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/23/2025 08/23/25 For Sale $7,000,000 -- $2,455 / Sq Ft
Source: Key West Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $3,200,000 Attorney
Warranty Deed $2,300,000 --
Quit Claim Deed $936,700 --
Warranty Deed $2,550,000 --
Source: Public Records

Source: Key West Association of REALTORS®

MLS Number: 616249

Key West Association of REALTORS®

APN: 00115200-000000