Price Check
How this price compares
- List price
- $6,499,000
- Price per sq ft
- N/A
- Original price
- $9,500,000
- Days on market
- 1258
This lot is listed at $6,499,000. The asking price has come down 31.6% from its original $9,500,000. It has been on the market for 1258 days.
Estimated monthly payment
$34,155 /mo
Principal and interest only, based on $1,299,800 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $6,499,000
- Days on Site
- 1258 Days
- Bedrooms
- 0
- Total Baths
- 0
- Lot Size
- 54.44 Acres
- Property Type
- Land
- MLS #
- R10804772
- Property Tax
- $455 (2021)
- Subdivision
- none
- County
- Monroe
- Status
- Active
About This Property
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.
MLS media linkGeneral Features
- Property Type
- Land
- Status
- Active
- Direction Faces
- Southeast
- Lot Size (Acres)
- 54.44
- Sewer
- Public Sewer
- Water Source
- Public
- Zoning
- MU
Exterior Features
- Lot Features
- Other
- Waterfront
- Yes
- Waterfront Features
- Ocean Front
- View
- Mangroves
Community & HOA
- Association Amenities
- Beach Access
- Utilities
- Cable Available / Electricity Available / None / Sewer Available / Water Available
- Financing Terms
- Cash
- MLS Area
- 5940 - Other Florida County
Features & Amenities
About the Area
- Homes for Sale
- 20
- Under Contract
- 0
- Median List Price
- $1,225,000
- Median $/Sq Ft
- $967
- Avg Days on Market
- 323
Frequently Asked Questions
- How do I schedule a tour of 7200 5th Street, Key West, FL 33040?
- Use the Tour button on this listing to request a showing of 7200 5th Street, Key West, FL 33040. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 7200 5th Street, Key West, FL 33040 still available?
- 7200 5th Street, Key West, FL 33040 is currently listed as Active, and has been on the market 1258 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 7200 5th Street, Key West, FL 33040?
- With 20% down ($1,299,800) on the $6,499,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 7200 5th Street, Key West, FL 33040 is about $34,155/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 7200 5th Street, Key West, FL 33040?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 7200 5th Street, Key West, FL 33040. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Can I negotiate the price of 7200 5th Street, Key West, FL 33040?
- Often, yes. The right offer on 7200 5th Street, Key West, FL 33040 depends on how it's priced against comparable land sales in Key West, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of Equestrian Sotheby's International Realty Inc.
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated June 25, 2026.
$6,499,000
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Listed by Marc Ulanowski, Equestrian Sotheby's International Realty Inc.
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