72100 Overseas Hwy Islamorada, FL 33036
Estimated payment $59,573/month
Highlights
- Dock made with concrete
- Bay View
- 1-minute walk to Long Key State Park
- Property fronts gulf or ocean
About This Lot
Welcome to one of the rarest offerings in the Florida Keys. This extraordinary 1.62-acre bayfront property on Craig Key, just south of Islamorada, is more than land; it is a canvas for creating a legacy estate in paradise.From the moment you arrive, the sweeping open-water views set the stage for a lifestyle defined by privacy, luxury, and timeless beauty. Imagine waking up to the glimmer of the Gulf, entertaining at sunset with endless horizons as your backdrop, and stepping onto your boat for instant access to world-renowned fishing and boating waters.This remarkable parcel boasts over 300 feet of waterfront, protected deep-water access, and a private boat basin with 106 feet of concrete dockage. Unlike any other property in the Keys, it can accommodate yachts up to 100 feet with over 6 feet of depth, offering rare boating capabilities that set it apart. Few properties combine this level of seclusion with such exceptional waterfront amenities.The acreage allows for complete design freedom. Whether you envision a modern architectural masterpiece, a tropical island retreat, or a multi-generational family compound, the possibilities are as limitless as the views. Plans for a spectacular estate are available upon request, offering a glimpse into what this property can become.Craig Key itself is a quiet, exclusive enclave offering ultimate tranquility, while the restaurants, resorts, and vibrant culture of Islamorada are only minutes away. It is a location that offers both seclusion and connection--the perfect balance for those who demand the best of both worlds.This is not simply a property. It is an opportunity to create a landmark estate in the Florida Keys: an investment in beauty, legacy, and lifestyle that will endure for generations.
Listing Agent
Coastal Realty of the Florida Keys License #3344667 Listed on: 10/01/2025
Property Details
Property Type
- Land
Est. Annual Taxes
- $44,223
Lot Details
- 1.54 Acre Lot
- Property fronts gulf or ocean
- Property Fronts a Bay or Harbor
- Cleared Lot
- Property is zoned SR - Sub Urban Residential District
Property Views
- Bay Views
Listing and Financial Details
- Assessor Parcel Number 00388530-000000
Community Details
Overview
- Craig Cay Island Subdivision
Recreation
- Dock made with concrete
Map
Home Values in the Area
Average Home Value in this Area
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 | $42,581 | $8,102,876 | $8,040,000 | $62,876 |
| 2023 | $42,581 | $8,104,069 | $8,040,000 | $64,069 |
| 2022 | $41,254 | $8,105,256 | $8,040,000 | $65,256 |
| 2021 | $25,886 | $2,838,239 | $2,771,790 | $66,449 |
| 2020 | $25,793 | $2,798,061 | $2,730,420 | $67,641 |
| 2019 | $25,925 | $2,799,249 | $2,730,420 | $68,829 |
| 2018 | $28,470 | $2,984,269 | $2,937,000 | $47,269 |
| 2017 | $11,145 | $1,555,372 | $0 | $0 |
| 2016 | $10,923 | $1,548,251 | $0 | $0 |
| 2015 | $10,738 | $1,544,280 | $0 | $0 |
| 2014 | $10,652 | $1,542,583 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/01/2025 10/01/25 | For Sale | $10,500,000 | +22.1% | -- | |
| 08/31/2020 08/31/20 | Sold | $8,600,000 | +85900.0% | $883 / Sq Ft | View Prior Sale |
| 07/17/2020 07/17/20 | For Sale | $10,000 | -- | $1 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | Kmr Construction | |
| Warranty Deed | $8,304,200 | Attorney | |
| Warranty Deed | $3,500,000 | Attorney | |
| Warranty Deed | $3,500,000 | -- | |
| Warranty Deed | $25,000 | -- | |
| Warranty Deed | $25,000 | -- | |
| Warranty Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $2,875,000 | Commercial | |
| Previous Owner | $2,800,000 | Purchase Money Mortgage |
Source: Florida Keys Board of REALTORS®
MLS Number: 616671
APN: 00388530-000000
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