$2,750,000
$249K PRICE DROP

5331 5th Ave Key West, FL 33040

Estimated payment $15,224/month

Total Views 10,188
1 Bed
1 Bath
1,200 Sq Ft
$2,292 Price per Sq Ft

About This Home

Discover an exceptional investment opportunity with this sale, featuring a total of 4 parcels encompassing 30,000 square feet of prime real estate. This property includes two commercial units, totalling1,108 square feet of versatile space perfect for your business ventures. In addition, there are six (6) residential units, boasting a combined total of 6 bedrooms and 6 bathrooms across 4,597 square feet, making it ideal for rental income or multi-family living. Plus, take advantage of a vacant lot that provides endless possibilities for development or expansion. Don't miss your chance to own this diverse and valuable property!

Listing Agent

Peter Batty

ICAMCO Realty LLC, dba Cosgrove Realty License #3055533 Listed on: 05/07/2025

Map

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,406

Year Built

1938

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Multi-Units
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Fee Includes: None
  • Key Island: Stock Island
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 5.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Side: Ocean
  • State Province: FL
  • Taxes: 6829.91
  • Year Built: 1938
  • Alternate Key Number: 1161021
  • Lot Sq Ft: 7500.00
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 1200.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Appliances Other: Buyer to Verify
  • Total Bedrooms: 1

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Combo Construction
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: FKAA, Elect Separate Meter, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00126820-000000
  • Land Size: 1/2 - Less Than 1 AC
  • Acres: 0.17

Rental Info

  • Rentals Allowed: With Restrictions

Tax Info

  • Tax Year: 2024

Range of Values:

Collateral Analytics

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ICE

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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 $8,406 $550,068 $487,500 $62,568
2023 $8,406 $630,022 $570,000 $60,022
2022 $5,224 $345,022 $285,000 $60,022
2021 $4,657 $192,871 $142,500 $50,371
2020 $4,652 $192,871 $142,500 $50,371
2019 $4,524 $180,230 $129,375 $50,855
2018 $4,526 $178,618 $127,500 $51,118
2017 $4,593 $192,013 $0 $0
2016 $4,554 $195,950 $0 $0
2015 $4,539 $182,960 $0 $0
2014 $4,535 $188,429 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2025 06/24/25 Price Changed $2,750,000 -8.3% $2,292 / Sq Ft
05/07/2025 05/07/25 For Sale $2,999,000 -- $2,499 / Sq Ft
Source: Key West Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $2,500,000 Oropeza Stones Cardenas Pllc
Deed -- Highsmith & Van Loon Pa
Warranty Deed $100 --
Warranty Deed $100 --
Source: Public Records

Source: Key West Association of REALTORS®

MLS Number: 614930

Key West Association of REALTORS®

APN: 00126820-000000

Florida Monroe County Key West 33040

5331 5th Ave, Key West, FL

This home is located at 5331 5th Ave, Key West, FL 33040 and is currently priced at $2,750,000, approximately $2,291 per square foot. This property was built in 1938. 5331 5th Ave is a home located in Monroe County with nearby schools including Gerald Adams Elementary School, Key West High School, and Grace Lutheran School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Key West Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Listing Agent
Peter Batty
Section Image
ICAMCO Realty LLC, dba Cosgrove Realty
(305) 394-1518