7200 5th Street, Key West, FL 33040 (MLS# R10804772)

7200 5th Street, Key West, FL 33040

$6,499,000
Property Type: Land & Docks Lot Size (sq. ft.): 2,371,316 Status: Active
Current Price: $6,499,000 List Date: 12/02/2023 Last Modified: 3/16/2026

Overview

Description

A rare opportunity to own a private island minutes from Key West. There are so many possibilities. A private equestrian estate, ''The Southernmost Stables ''. This property would be an excellent place to host large events 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 upscale hotels. The owners currently run a small farm, bee keeping and kids summer camps on the island. One of the few places with untouched nature left in the Florida Keys.

Listing Details MLS# R10804772

General Property Information

Property Sub Type
Agriculture
Lot Size Acres
54.44
Lot Size Square Feet
2371316
Waterfront YN
Yes
Direction Faces
Southeast
LP/SqFt
2.74

Property Features

Current Use: Agricultural Development Status: Raw Land Documents Available: Survey Location of Property: Beach Access; Other Sewer: Public Sewer Trees: Mangroves; Other Utilities: Cable Available; Electricity Available; Sewer Available; Water Available; None Vegetation: Brush; Grassed Listing Terms: Cash Road Frontage Type: Private Road Water Source: Public Waterfront Features: Ocean Front Showing Requirements: Call Listing Agent Acreage Description: 10 Or More Acre Lot

Contract Information

Comp Sale YN
No
Listing Contract Date
2022-06-01
Original List Price
9500000
LP/Acre
119383.74

Location and Legal

Country
United States
County Or Parish
Monroe
County Parish Name
Monroe
Street Number
7200
Street Name
5th
Street Suffix
Street
City Name
Key West
State Or Province
FL
Postal Code
33040
Postal Zip
33040
Subdivision Name
none
Area
5940 - Other Florida County
Parcel Number
00123910000000
Zoning
MU
Directions
overseas highway to Stock Island.

Financial Information

Tax Year
2021
Tax Annual Amount
454.86
Tax Legal Description
2 68 25 / 35 67 25 COW KEY ALL FRACTIONAL OR52-425 OR214-82 OR495-942 OR785-676 OR826-91 OR901-1100 OR1349-624 OR1364-20

Status Change Information

Major Change Timestamp
2026-01-18T21:32:43Z
Major Change Type
Price Reduced
Price Change Timestamp
2026-01-18T21:32:43Z
Status Change Date
2023-12-02

More Information

Short Sale Details

Short Sale Addendum
No

Originating Details

Originating System Key
20220524212110672500000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Documents Available

Survey
Yes

Current Use

Agricultural
Yes

Development Status

Raw Land
Yes

Location of Property

Beach Access
Yes
Other
Yes

Sewer

Public Sewer
Yes

Trees

Mangroves
Yes
Other
Yes

Utilities

Cable Available
Yes
Electricity Available
Yes
Sewer Available
Yes
Water Available
Yes
None
Yes

Vegetation

Brush
Yes
Grassed
Yes

Listing Terms

Cash
Yes

Road Frontage Type

Private Road
Yes

Water Source

Public
Yes

Waterfront Features

Ocean Front
Yes

Showing Requirements

Call Listing Agent
Yes

Acreage Description

10 Or More Acre Lot
Yes
Listing Office: Equestrian Sotheby's International Realty Inc.
IDX
Last Updated: March - 16 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
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