0 Melody Key Unit 616249 Summerland Key, FL 33042
Estimated payment $38,441/month
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.
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
Home Values in the Area
Average Home Value in this Area
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 |
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 |
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: Key West Association of REALTORS®
MLS Number: 616249
APN: 00115200-000000
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