$900,000
SOLD JUN 25, 2025

5950 Peninsular Ave Unit 685 Key West, FL 33040

3.26 Acre
-- Price per Acre
-- Sq Ft Lot

Recently Sold

10% Below List Price

42 Days on Market

About This Lot

As of June 2025

This highly desirable 80' premium live-aboard wet slip offers the ultimate Key West lifestyle in one of the most sought-after locations--Oceans Edge Resort & Marina. Ideally situated with deep water access and a secure, full-service facility, this slip provides everything you need for comfort, convenience, and adventure. The slip includes dock box storage, electric and water hookups, newer docks, and deeded ownership of the bay bottom. Residents enjoy access to top-tier amenities including a fitness center, six resort-style pools, bath and laundry facilities, on-site restaurant, fuel dock, pump-out service, a dog park, and a shuttle to downtown Key West. With an 8-foot control depth (at low tide) and 21-foot width, the slip easily accommodates larger vessels and offers quick, direct access to the open Atlantic--perfect for world-class fishing or leisurely backcountry island hopping to beaches, sandbars, and secluded coves. Whether you're a weekend boater or a full-time live-aboard, this slip is an ideal home for your vessel. When not in use, it can also be rented out (with some restrictions), and an optional on-site rental management program is available through the dock office.

Last Agent to Sell the Property

The Spottswood Team

Truman & Co. (KW) Brokerage Phone: 305-395-2360 Listed on: 04/30/2025

Co-Listed By

Terri Spottswood

Truman & Co. (KW) Brokerage Phone: 305-395-2360 License #161619

Last Buyer's Agent

Mike Kane

Internet Realty of the Florida Keys License #3422118

Property Details

Property Type

Land

Year Built

1996

Listing Details

  • Property Type: Boat Slips
  • Style: Boat Slip
  • First Right of Refusal: Yes
  • Association Fee: 713.57
  • Mandatory HOA: Yes
  • Maintenance Fee Per: Monthly
  • Fee Includes: Common Area Mnt, Vehicle Parking
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Stock Island
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 5.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Community Pool, Other Area Features, Manager on Premises
  • Pets W Restrictions: YES
  • Property Group I D: 20080421221300205816000000
  • Sale Terms: Cash
  • Side: Ocean
  • Slip Length: 80.00
  • State Province: FL
  • Subtype: Wet
  • Taxes: 4288.47
  • Unit Slip Number: 685
  • Vehicle Storage: Open Parking
  • Year Built: 1996
  • Statistical Purposes Only: No
  • Attribution Contact: 305-395-2360
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Dockage: Dock Privileges, Boat Slip
  • Waterfront: Oceanfront, Open Water
  • Waterfront: Yes

Utilities

  • Security: Manned Gate, Patrolled Area
  • Utilities: Water Separate Meter, Pump Out Station, Water Available, Electricity Available, Cable Available, Elect Separate Meter

Association/Amenities

  • Amenities: Laundry Facilities, Bath/Shower Facility, Fish Cleaning Statn, Boat Ramp, Fuel Station, Pool

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE,VE,VE,AE
  • Parcel Number: 00127420-000685

Rental Info

  • Rentals Allowed: With Restrictions

Tax Info

  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2025
Closed on
Jun 25, 2025
Sold by
Backwall Partners Llc
Bought by
Devinney Kerry Shawn
Seller's Agent
The Spottswood Team
Truman & Co. (KW)
Buyer's Agent
Mike Kane
Internet Realty of the Florida Keys
List Price
$999,000
Sold Price
$900,000
Premium/Discount to List
-$99,000
-9.91%
Views
11
Current Estimated Value
$872,637

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$27,363
Avg. Annual Appreciation
-3.98%

Purchase Details

Closed on
Mar 17, 2005
Sold by
Birrell Andrew and Birrell Lisa
Bought by
Backwall Partners Llc

Purchase Details

Closed on
Sep 8, 2003
Sold by
Oceanside Development Corp
Bought by
Mentonis George and Mentonis Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$435,000
Interest Rate
5.94%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 25, 2003
Sold by
Key West Oceanside Marina Inc
Bought by
Bac Aviation & Marine Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$435,000
Interest Rate
5.94%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 26, 2000
Sold by
Dennis R Hatch Tr
Bought by
Birrell Andrew and Birrell Lisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
8.24%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 5, 1997
Sold by
Cuddeback Eloise
Bought by
Hatch Dennis R and Hatch Karen S

Purchase Details

Closed on
Jul 1, 1997
Bought by
Backwall Partners Llc

Purchase Details

Closed on
Jun 1, 1996
Bought by
Backwall Partners Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

Purchase History

Date Type Sale Price Title Company
Warranty Deed $900,000 None Listed On Document
Warranty Deed $900,000 None Listed On Document
Warranty Deed $521,000 Century Title Corporation
Corporate Deed $589,300 Independent Abstract & Title
Special Warranty Deed $69,000 --
Warranty Deed $175,000 --
Warranty Deed $122,500 --
Warranty Deed $122,500 --
Warranty Deed $75,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $435,000 Commercial
Previous Owner $100,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/25/2025 06/25/25 Sold $900,000 -9.9% --
06/11/2025 06/11/25 Pending -- -- --
04/30/2025 04/30/25 For Sale $999,000 -- --
Source: Key West Association of REALTORS®

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 $4,288 $732,280 $732,280 --
2024 $4,051 $723,450 $723,450 --
2023 $4,051 $700,700 $700,700 $0
2022 $3,364 $517,747 $517,747 $0
2021 $3,164 $427,166 $427,166 $0
2020 $2,994 $411,584 $411,584 $0
2019 $2,833 $402,815 $402,815 $0
2018 $2,148 $218,268 $218,268 $0
2017 $2,597 $267,494 $0 $0
2016 $2,609 $267,494 $0 $0
2015 $3,004 $297,216 $0 $0
2014 $3,048 $298,102 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2025

    The Spottswood Team

    Truman & Co. (KW)

  • Terri Spottswood

    Seller Co-Listing Agent in 2025

    Terri Spottswood

    Truman & Co. (KW)

    (305) 587-3407

    4 in this area

    262 Total Sales

    Terri Spottswood
    Section Image
  • Mike Kane

    Buyer's Agent in 2025

    Mike Kane

    Internet Realty of the Florida Keys

    (703) 962-0720

    1 in this area

    28 Total Sales

    Mike Kane
    Section Image
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Map

Source: Key West Association of REALTORS®

MLS Number: 614832

Key West Association of REALTORS®

APN: 00127420-000685

Florida Monroe County Key West 33040

5950 Peninsular Ave Unit 685, Key West, FL

Sold

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