7000 5Th Street, Stock Island, FL 33040

$10,995,000
Property Type: Vacant Land Lot Size (sq. ft.): 3,374,000 Status: Active
Current Price: $10,995,000 List Date: 2/26/2024 Last Modified: 12/01/2025

Description

$1 Million price reduction! 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 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 #601994.

More Information MLS# 608897

Contract Information

Listing Board: Key West Association ROGO Exempt: No Limited Representation: No As is Rght to Inspct: Yes Potential Short Sale: No Bank Owned: No Current Price: $10,995,000 Listing Date: 2024-02-23 List Price: $10,995,000

Location, Tax & Legal

City: Stock Island Off Shore Island: No Mile Marker: 5 Marathon Neighborhood: N/A Side: Ocean Flood Zone: AE,AE,VE,AE,VE,VE Alternate Key #: 1158038 Add'l Parcel #1: 00123910-000000 Parcel #: 00123900-000000 Zoning: MU - Mixed Use District Deed Restrictions: Unknown Legal: 35 67 25 BAY BOTTOM ADJ TO COW KEY OR429-44 OR470-742 OR566-922 OR785-676 OR2340-42 OR2948-1991 Taxes: 52.51 Tax Year: 2023 Street #: 7000 Street Name: 5Th Street Suffix: Street Key/Island: Stock Island State/Province: FL Zip Code: 33040 County: Monroe Subdivision: Misc Stock Island (5.0) Area: 05 - Stock Island to Shark Key

General Property Description

Realtor.COM Type: Vacant Land Waterfront: Yes Control Depth: 4 Lot SqFt: 3374000 Lot Dimensions: approx. 95 acres Lot Sqft Source: Seller Total Lots: 2 Survey Available: Yes Vegetation Survey: Yes

Remarks & Misc

Remarks – Consumer: $1 Million price reduction! 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 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 #601994. Directions: Head north on US1 to Stock Island. Veer right at the third traffic light onto MacDonald Ave. Make your first right onto 5th Street. Island Farm is at the end of the road (corner of 5th St./12th Ave.

Assoc/Misc Info

Mandatory Home Owners Asc: No 1st Right of Refusal: No

Miscellaneous Info

Mobile Home Lot: No Rogo W/Letter: No

Dockage

None: 1

Tax Exemptions

None: 1

Waterfront

Oceanfront: 1 Open Water: 1

Waterview

Canal View: 1 Ocean View: 1 Open Water View: 1

Location/Site

Mangrove: 1 Water Frontage: 1 Wooded Lot: 1

Existing Utilities

None: 1

BuildingPermit

No Permit: 1

Land Size

10 or more Acres: 1

Terms

Seller Finance Psble: 1

Title

Negotiable: 1

Financial Status

Bank Owned: No Potential Short Sale: No

Status Change Info

Status: Active

Property Features

Tax Exemptions: None Waterfront: Oceanfront; Open Water Dockage: None Waterview: Canal View; Ocean View; Open Water View Existing Utilities: None BuildingPermit: No Permit Land Size: 10 or more Acres Terms: Seller Finance Psble Title: Negotiable
Listing Office: Ocean Sotheby's International Realty
Last Updated: December - 01 - 2025
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.