$10,995,000
$1M PRICE DROP

7000 5th St Stock Island, FL 33040

Estimated payment $68,944/month

Total Views 37,130
-- Acre
-- Price per Acre
-- Sq Ft Lot

About This Lot

500 k price reduction! Nestled along the serene waterfront, these two picturesque parcels offer an unparalleled opportunity to indulge in the quintessential Florida Keys lifestyle. Boasting breathtaking panoramic views of the glistening waters, these two expansive plots of land / bay bottom present the perfect canvas for your dream waterfront retreat and /or commercial ventures.The Northern parcel consists of about 1,400 ft. of pristine shoreline, providing ample space for waterfront activities such as swimming, fishing, kayaking, and paddleboarding with deep water on one side and shallow bay bottom on the other side. Spanning 2.03 acres of Mixed Use upland and a total of 45 acres, including bay bottom. Potential uses on the Northern parcel could be Commercial retail, restaurant uses, or any combination thereof, imagine a floating restaurant, small marina, Commercial recreation uses including amusement or sea life park, opening doors to community-centric projects that serve the needs of locals and visitors alike. The off shore island along the channel offers great camp sites.With Mixed Use zoning in place, commercial fishing docks are permitted, providing an excellent opportunity for entrepreneurs in the fishing industry to establish a thriving business. The Southern parcel consists of 50 acres of mangrove forest, beach berms, hammocks, and trails with approx. 6 acres of upland.So many possibilities. Build your own Equestrian Estate, ''The Southernmost stables''. This property would be an excellent place to host large events like concerts, weddings, farm to table / wine tastings, or possibly therapeutic programs or retreats. Beautiful beach areas. Easy to get to, as the island has access to the mainland via a 1/2 mile land bridge. The property is also located next to one of the largest mega yacht marinas and close to two upscale hotels.The Southern parcel of Cow Key can be purchased by itself. See MLS #601994.Contact us for a private showing

Listing Agent

Ellen Gvili

Ocean Sotheby's International Realty License #3043680 Listed on: 02/23/2024

Ocean Sotheby's International Realty

Co-Listing Agent

Marc Ulanowski

Equestrian Sotheby's International Realty License #3251327

Map

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Lots and Land
  • Additional Assessor Parcel Number 1: 00123910-000000
  • As Is Right To Inspect: Yes
  • 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
  • Off Shore Island: No
  • Property Group I D: 19990816212131825981000000
  • Side: Ocean
  • State Province: FL
  • Taxes: 52.51
  • Title: Negotiable
  • Alternate Key Number: 1158038
  • Lot Sq Ft: 3374000.00
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Existing Utilities: None
  • Location Site: Water Frontage, Mangrove, Wooded Lot
  • Lot Dimensions: approx. 95 acres
  • Miscellaneous Info Mobile Home Lot: No
  • Miscellaneous Info Rogo W Letter: No
  • R O G O Exempt: No
  • Survey Available: Yes
  • Tax Exemptions: None
  • Vegetation Survey: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Dockage: None
  • Waterfront: Oceanfront, Open Water
  • Waterfront: Yes
  • Waterview: Canal View, Ocean View, Open Water View

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE,AE,VE,AE,VE,VE
  • Parcel Number: 00123900-000000
  • Land Size: 10 or more Acres
  • Building Permit: No Permit
  • Total Lots: 2.00

Tax Info

  • Tax Year: 2023

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/06/2025 09/06/25 Price Changed $10,995,000 -8.3% --
01/31/2025 01/31/25 Price Changed $11,995,000 -3.7% --
02/23/2024 02/23/24 For Sale $12,450,000 -- --
Source: Key West Association of REALTORS®

Source: Key West Association of REALTORS®

MLS Number: 608897

Key West Association of REALTORS®