$2,050,000
$100K PRICE DROP

5331 5th Ave Key West, FL 33040

Stock Island Area

Estimated payment $13,242/month

Total Views 16,834
6 Beds
6 Baths
5,705 Sq Ft
$359 Price per Sq Ft

About This Home

Attention Developers and Investors! This is a unique opportunity to acquire four parcels totaling 30,000 square feet of prime land just minutes from Key West. Ideally situated at Mile Marker 5, this property boasts a central location near some of the area's most sought-after resorts, dining establishments, and marinas. Whether you're looking to develop a new residential community, a commercial venture, or a combination of both, this land offers incredible potential. Its proximity to key attractions and amenities ensures a steady flow of visitors and residents, making it an ideal investment for future growth and profitability. 7 Electric Meters. 7 Water Meters. MU- Mixed Use Zoning. ROGO exempt for 6 or 7 units may be possible.

Listing Agent

Bascom Grooms

Bascom Grooms Real Estate (KW) License #647099 Listed on: 06/30/2026

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $23,691

Year Built

  • Built in 1938

Lot Details

  • 30,000 Sq Ft Lot
  • Lot Dimensions are 200x150
  • Property is zoned MU - Mixed Use Commercial Mixed Use

Parking

  • Off-Street Parking

Home Design

  • 5,705 Sq Ft Home
  • Frame Construction
  • Modular or Manufactured Materials
  • Concrete Block And Stucco Construction

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Full Bathrooms

Community Details

  • Maloney Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00126830-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$23,691

Year Built

Built in 1938

Lot Details

0.69 Acres

Listing Details

  • Property Type: Residential
  • Year Built: 1938
  • Financial Status Standard Sale: Yes
  • Property Sub Type: Multi-Units
  • Lot Size: 200X150
  • Co List Office Mls Id: kwa.10135
  • Co List Office Phone: 305-295-7511
  • Subdivision Name: Maloney Sub (5.0)
  • Dockage: None
  • Vehicle Storage: Off Street Parking
  • Waterview: No Waterview
  • Financial Status: Bank Owned: No
  • Financial Status: Potential Short Sale: No
  • Special Features: None

Interior Features

  • Appliances: Refrigerator
  • Full Bathrooms: 6
  • Total Bedrooms: 6

Exterior Features

  • Waterfront: No
  • Construction Type: CBS, Frame, Manufactured, Combo Construction
  • Waterfront: None

Utilities

  • Utilities: FKAA, Municipal Sewer, Buyer to Verify

Condo/Co-op/Association

  • Pets Allowed: Yes

Lot Info

  • Parcel Number: 00126820000000
  • Lot Size Sq Ft: 30000.0
  • Additional Parcels Description: 00126830-000000

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 23691.0

Map

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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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax 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.

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 $7,085 $552,668 $487,500 $65,168
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

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 Event Price List to Sale Price per Sq Ft
07/20/2026 07/20/26 Price Changed $2,050,000 -4.7% $359 / Sq Ft
06/30/2026 06/30/26 For Sale $2,150,000 -- $377 / 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 $2,500,000 Oropeza Stones Cardenas Pllc
Deed -- Highsmith & Van Loon Pa
Warranty Deed $100 --
Warranty Deed $100 --
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
Closed $1,875,000 New Conventional
Source: Public Records

Source: Key West Association of REALTORS®

MLS Number: 620462

Key West Association of REALTORS®

APN: 00126820-000000

Florida Monroe County Key West 33040

5331 5th Ave, Key West, FL

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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Bascom Grooms
Listing Agent
Bascom Grooms
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Bascom Grooms Real Estate (KW)
(786) 692-9741
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