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: 2/19/2026

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, 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 ½ 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 RX-10804772.

More Information MLS# R10963178

Contract Information

Comp Sale YN: No LP/Acre: 122636.73 Listing Contract Date: 2024-02-22 Status: Active Original List Price: 12450 List Price: $9,499,000 Current Price: $9,499,000

Location and Legal

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

General Property Information

Lot Size Dimensions: approx. 95 acres LP/SqFt: 2.82 Property Sub Type: Agriculture Lot Size Acres: 77.46 Lot Size Square Feet: 3374000 Waterfront YN: 1 Direction Faces: South

Office/Member Information

DXORIGMLSID: RML

Short Sale Details

Short Sale Addendum: No

Documents Available

Survey: 1

Current Use

Agricultural: 1 Commercial: 1

Development Status

Raw Land: 1

Location of Property

Agricultural/Residential: 1 Beach Access: 1 Other: 1

Possession

Close Of Escrow: 1

Trees

Mangroves: 1

Utilities

Electricity Available: 1 Water Available: 1 None: 1

Vegetation

Brush: 1

Water View

Ocean: 1

Listing Terms

Cash: 1 Owner Will Carry: 1 Other: 1

Road Frontage Type

Private Road: 1

Water Source

Public: 1

Waterfront Features

Ocean Front: 1

Showing Requirements

Call Listing Agent: 1

Acreage Description

10 Or More Acre Lot: 1

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

Originating Details

Originating System Key: 20240226182340127341000000 Originating System ID: M00000170

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
Listing Office: Equestrian Sotheby's International Realty Inc.
IDX
Last Updated: February - 19 - 2026
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