7000 5th Street, Key West, FL 33040 (MLS# R10963178)

7000 5th Street, Key West, FL 33040

$9,499,000
Property Type: Land & Docks Lot Size (sq. ft.): 3,374,000 Status: Active
Current Price: $9,499,000 List Date: 2/26/2024 Last Modified: 3/16/2026

Overview

Description

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 there

Supplements: 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, ...

Listing Details MLS# R10963178

General Property Information

Property Sub Type
Agriculture
Lot Size Acres
77.46
Lot Size Square Feet
3374000
Lot Size Dimensions
approx. 95 acres
Waterfront YN
Yes
Direction Faces
South
LP/SqFt
2.82

Property Features

Current Use: Agricultural; Commercial Development Status: Raw Land Documents Available: Survey Location of Property: Agricultural/Residential; Beach Access; Other Possession: Close Of Escrow Trees: Mangroves Utilities: Electricity Available; Water Available; None Vegetation: Brush Listing Terms: Cash; Owner Will Carry; Other Road Frontage Type: Private Road Water Source: Public Water View: Ocean 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
2024-02-22
Original List Price
12450
LP/Acre
122636.73

Location and Legal

Country
United States
County Or Parish
Monroe
County Parish Name
Monroe
Street Number
7000
Street Name
5th
Street Suffix
Street
City Name
Key West
State Or Province
FL
Postal Code
33040
Postal Zip
33040
Subdivision Name
Misc Stock Island (5.0)
Area
5940 - Other Florida County
Parcel Number
00123900000000
Zoning
MU

Financial Information

Tax Year
2023
Tax Annual Amount
52.51
Tax Legal Description
35 67 25 BAY BOTTOM ADJ TO COW KEY OR429-44 OR470-742 OR566-922 OR785-676 OR2340-42 OR2948-1991

Status Change Information

Major Change Timestamp
2026-01-18T21:31:49Z
Major Change Type
Price Reduced
Price Change Timestamp
2026-01-18T21:31:49Z
Status Change Date
2024-02-26

More Information

Short Sale Details

Short Sale Addendum
No

Originating Details

Originating System Key
20240226182340127341000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Documents Available

Survey
Yes

Current Use

Agricultural
Yes
Commercial
Yes

Development Status

Raw Land
Yes

Location of Property

Agricultural/Residential
Yes
Beach Access
Yes
Other
Yes

Possession

Close Of Escrow
Yes

Trees

Mangroves
Yes

Utilities

Electricity Available
Yes
Water Available
Yes
None
Yes

Vegetation

Brush
Yes

Water View

Ocean
Yes

Listing Terms

Cash
Yes
Owner Will Carry
Yes
Other
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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