$7,000,000
UNDER CONTRACT

5 Sunset Key Dr Key West, FL 33040

Estimated payment $46,157/month

Total Views 33,141
3 Beds
3 Baths
2,528 Sq Ft
$2,769 Price per Sq Ft

About This Home

Escape to Sunset Key, a private island sanctuary where refined elegance meets effortless tranquility. Just a four-minute ferry ride--operating 24 hours a day--from the vibrant charm in the heart of downtown Key West, this serene enclave offers the rare balance of seclusion and accessibility, keeping the energy of Old Town within effortless reach at any hour. This exquisite three-bedroom, three-bath beachfront home is thoughtfully designed to capture the essence of elevated island living. Wake to sweeping water views from the primary suite, and enjoy the same serene vistas from the main living area, where natural light and coastal beauty take center stage. Step outside to your private pool and spa, where you can unwind to the rhythm of waves lapping along the shoreline, all while enjoying gentle sea breezes and breathtaking sunsets over the Gulf of Mexico. The expansive main-level primary suite provides a tranquil retreat, while two beautifully appointed guest suites upstairs ensure comfort and privacy for all. Rich hardwood floors and natural stone finishes flow seamlessly throughout, complemented by a warm, sophisticated island aesthetic. Set within a private island enclave, Sunset Key offers access to exceptional amenities, including a gourmet waterfront restaurant, full-service spa, state-of-the-art fitness center, private beaches, tennis courts, and convenient ferry service. Perfectly positioned within minutes of Old Town Key West yet blissfully removed from the crowds, this secluded setting delivers a truly elevated lifestyle--where every detail is designed for quiet luxury and effortless escape.

Listing Agent

Cardenas & Krug Team

Coastal Collection Real Estate Inc. License #00000 Listed on: 03/28/2026

Map

Home Details

Home Type

Single Family

Year Built

1996

Lot Details

6,098 Sq Ft Lot

HOA Fees

$4,112 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1996
  • Building Style Above Flood: Unknown
  • Property Sub Type: Single Family Residence
  • Lot Size: 51 X 122
  • Co List Office Mls Id: kwa.office20313
  • Subdivision Name: Sunset Key (Tank) Island Unrcd (0.0)
  • Special Features: UnderContract

Interior Features

  • Interior Amenities: Built-in Cabinets, Fire Sprinkler, Storage, Walk-in Closet(s)
  • Appliances: Washer, Dryer, Dishwasher, Refrigerator, Oven, Microwave, Freezer
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3

Exterior Features

  • Waterfront: Yes
  • Exterior Features: Fencing, Hot Tub, Sandy Beach
  • Construction Type: Frame
  • Waterfront: Oceanfront
  • Roof: Metal Roof

Utilities

  • Utilities: Water Separate Meter, Elect Separate Meter, Cable Available
  • Laundry Features: Laundry Room
  • Cooling: Central Air, Ceiling Fans(s)
  • Utilities: FKAA, Municipal Sewer, Water Separate Meter, Elect Separate Meter, Cable Available

Lot Info

  • Parcel Number: 00000200000505
  • Lot Size Sq Ft: 6243.0

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 48344.65

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Sold Price
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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
2025 $49,941 $5,829,978 $4,438,867 $1,391,111
2024 $50,302 $6,021,218 $4,854,869 $1,166,349
2023 $50,302 $5,974,023 $4,854,869 $1,119,154
2022 $48,677 $5,858,063 $4,726,263 $1,131,800
2021 $40,104 $4,560,793 $3,697,417 $863,376
2020 $36,304 $4,121,001 $3,247,296 $873,705
2019 $36,728 $4,131,329 $3,247,296 $884,033
2018 $38,594 $4,249,481 $3,536,660 $712,821
2017 $38,486 $4,196,420 $0 $0
2016 $38,804 $4,312,418 $0 $0
2015 $38,117 $4,452,029 $0 $0
2014 $32,673 $3,112,393 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/27/2026 03/27/26 For Sale $7,000,000 +15.7% $2,769 / Sq Ft
07/16/2021 07/16/21 Sold $6,050,000 -0.8% $2,393 / Sq Ft View Prior Sale
07/08/2021 07/08/21 Pending -- -- --
07/02/2021 07/02/21 For Sale $6,100,000 0.0% $2,413 / Sq Ft
07/02/2021 07/02/21 Pending -- -- --
01/06/2021 01/06/21 For Sale $6,100,000 -- $2,413 / Sq Ft
Source: Key West Association of REALTORS®

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed $6,050,000 Attorney
Interfamily Deed Transfer -- Attorney
Warranty Deed $1,720,000 --
Quit Claim Deed $1,322,000 --
Deed $1,250,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Previous Owner $1,000,000 New Conventional
Previous Owner $1,000,000 New Conventional
Previous Owner $1,000,000 New Conventional
Source: Public Records

About the Listing Agent

Cardenas & Krug Team

Coastal Collection Real Estate Inc.

(645) 300-6539

Section Image

Bobby Krug is a Real Estate Advisor at and Owner of Coastal Collection Real Estate

Originally from New York, Bobby Krug traded cold weather for the perpetual
sunshine of Key West eight years ago. He received his Bachelor of Science in
Business in 2015. His passion for fishing and being on the water, combined with his
intimate knowledge of the area, uniquely positions him to understand the lifestyle
aspirations of his clients.

As a seasoned professional, Bobby places a

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Source: Key West Association of REALTORS®

MLS Number: 619242

Key West Association of REALTORS®

APN: 00000200-000505

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