$15,000,000
$3M PRICE DROP

1 Seppala Way Key Haven, FL 33040

Estimated payment $83,008/month

Total Views 13,308
1.42 Acre
-- Price per Acre
-- Sq Ft Lot

About This Lot

Introducing Enchanted Island, an unparalleled private island located 1.5 miles from Key West accessible via its own private highway exit from US 1. This rare real estate jewel offers an exclusive escape like no other.Presently zoned for sub urban residential use, the island permits the construction of up to two homes. Elevated 15 feet to meet construction codes and with building permits already secured, Enchanted Island is posed for your development aspirations. Additionally, the seller has completed engineered architectural plans for a 7,437 SF home. For those with a vision grander in scale, the option of rezoning and securing permits for up to ten homes exists, providing endless possibilities for your imagination. Enchanted Island boasts all essential utilities, including a new 1000A 120/240V power service, underwater sewer and power lines, and AT&T fiber connectivity. With building permits in hand, your journey from blueprint to building can commence without delay.Spanning an impressive 4 acres, Enchanted Island offers both tranquility and unique features, such as a private ocean reef and partial dredging, ideal for potential boat dock installation. In addition to its private highway access, the island has a history with helicopter use, hinting at the potential for establishing a heliport to further enhance its exclusivity and convenience for the distinguished few who will call it home or their luxury getaway.Enchanted Island seamlessly combines isolation with connectivity, offering a lifestyle statement for the discerning few. This exotic haven envisioned for the elite seeking not just a residence but a statement of lifestyle, stands ready to fulfill visions of grandeur against the breathtaking backdrop of the Florida Keys.Seize the unparalleled opportunity to turn your dream of island living into your reality with Enchanted Island.

Listing Agent

Jenna Stauffer

Ocean Sotheby's International Realty License #3394848 Listed on: 04/15/2024

Ocean Sotheby's International Realty

Map

Property Details

Property Type

Land

Est. Annual Taxes

$17,231

Lot Details

0

Listing Details

  • Property Type: Lots and Land
  • Additional Assessor Parcel Number 1: 00141132.003500
  • Additional Assessor Parcel Number 2: 00141132.003600
  • Control Depth: 4
  • Document Count: 8
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Key Haven
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 5.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Other Area Features
  • Off Shore Island: No
  • Property Group I D: 19990816212131825981000000
  • Property Rights: Tranfrble Bldg Prmt
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 17230.94
  • Alternate Key Number: 9093832
  • Lot Sq Ft: 174240.00
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Existing Utilities: Electric on Site, Other Utilities, Sewer
  • Location Site: Cleared Site
  • Miscellaneous Info Mobile Home Lot: No
  • Miscellaneous Info Rogo W Letter: Yes
  • Survey Available: Yes
  • Tax Exemptions: Homestead
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Dockage: None
  • Waterfront: Gulf Front, Beach Front
  • Waterfront: Yes
  • Waterview: Open Water View

Utilities

  • Security: Other

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE,VE
  • Parcel Number: 00141132-003400
  • Building Permit: Active Permit
  • Total Lots: 10.00

Tax Info

  • Tax Year: 2023

Range of Values:

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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 $17,231 $2,973,346 $2,973,346 --
2023 $17,231 $2,036,490 $2,036,490 $0
2022 $16,597 $2,036,490 $2,036,490 $0
2021 $15,858 $1,738,732 $1,738,732 $0
2020 $7,266 $788,226 $788,226 $0
2019 $7,045 $760,715 $760,715 $0
2018 $6,966 $730,220 $730,220 $0
2017 $6,546 $691,704 $0 $0
2016 $6,618 $678,557 $0 $0
2015 $2,902 $455,060 $0 $0
2014 $2,697 $402,534 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/16/2024 10/16/24 Price Changed $15,000,000 -11.8% --
07/17/2024 07/17/24 Price Changed $17,000,000 -5.6% --
04/15/2024 04/15/24 For Sale $18,000,000 -- --
Source: Key West Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $4,200,000 Attorney
Source: Public Records

Source: Key West Association of REALTORS®

MLS Number: 609597

Key West Association of REALTORS®

APN: 00141132-003400