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Stock Island, FL Multifamily Home for Sale

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    $2,750,000

    • 1 Bed
    • 1 Bath
    • 1,200 Sq Ft

    5331 5th Ave, Key West, FL 33040

    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

    Peter Batty ICAMCO Realty LLC, dba Cosgrove Realty

    5331 5th Ave, Key West, FL 33040

Why Live in Stock Island

Stock Island, FL, located just a few miles from Key West, offers a glimpse into the past with its resemblance to Old Key West. This small community is known for its boating lifestyle, with nearly a dozen marinas and the Stock Island Yacht Club attracting boaters year-round. Bernstein Park serves as a local hub with its playground, outdoor gym equipment, lighted baseball field, and community center. The northern part of Stock Island, technically part of Key West, features the Keys’ only public golf club, a botanical garden, a medical center, and a community college. Housing options are diverse, ranging from manufactured homes and RV parks to raised single-family homes and condos licensed for transient rentals. Classic Key West architecture is evident in three-bedroom detached homes with spacious porches and balconies. The area is undergoing changes to address environmental concerns, with new construction being elevated to mitigate flooding risks. Dining options include waterside restaurants like Hogfish Bar & Grill and The Perry Hotel’s Salty Oyster Dockside Bar & Grill, as well as inland favorites like El Siboney and Roostica. The I Love Stock Island Festival in June features history tours, food trucks, mural art tours, and fishing tournaments. Key West High School, part of the Monroe County School District, offers career and technical education courses. Transportation includes the Lower Keys Shuttle and Workforce Express bus routes, with Key West International Airport less than 3 miles away. Residents should be prepared for hurricanes and high insurance rates due to the area's susceptibility to severe weather.

Home Trends in Stock Island, FL

Housing Trends

Median Sale Price
$837,500
Median Single Family Sale Price
$1,101,100
Median Townhouse Sale Price
$457,500
Median 2 Bedroom Sale Price
$1,090,000
Average Price Per Sq Ft
$827
Number of Homes for Sale
9
Last 12 months Home Sales
45
Months of Supply
2.40
Median List Price
$1,140,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-36%
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