7200 5th Street, Key West FL 33040, KEY WEST, FL, 33040
Active1537 days on marketListed Jun 1, 2022MLS #R10804772
About this home
7200 5th Street, Key West FL 33040
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.
Facts & features
The home at a glance
54.4379 ac
Lot size
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$37,703 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$37,703/mo
Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Where it sits
Inside Key West
Get to know Key West. See the full Key West guide →
KEY WEST 33040 — neighborhood snapshot
Population
36,091
Median age
44.4
Median income
$79,038
Median home value
$766,400
Avg household
2.32
Households w/ children
3,226
For the school run
Monroe County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Key West market
$831K → $4.3M
Key West median sold, yr/yr
97.6%
Sale-to-list ratio (12 mo)
Median sold price, Key West, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 623% above the KEY WEST 33040 median. See the full Key West market guide →
Paper trail
This home's history
Reality check
What actually sold near 7200 5th Street
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Nov ’25$58,000
1 FLORENCIO BARBOSA · same community
1 bd · 1.5 ba · 0 sqft · 51 DOM
Sold · Jan ’26$339,000
28750 JONES LOOP ROAD · same community
2 bd · 1 ba · 886 sqft · $383/sqft · 0 DOM
Sold · Dec ’25$200,000
1401 E VOORHIS AVENUE · same community
2 bd · 1 ba · 961 sqft · $208/sqft · 204 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Arlinda Gokyar
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 7200 5th Street — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 7200 5th Street — before you fall in love.
See it in person
Schedule a tour
Live availability from Arlinda's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
7200 5th Street FAQs
What would the monthly payment be for 7200 5th Street, Key West FL 33040?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $37,703/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on 7200 5th Street, Key West FL 33040?+
The most recent tax bill on record (2021) was $454. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
How does the price compare to other homes in Key West?+
At $6,499,000, this home is listed about 550% above the Key West median of $999,500. The market section on this page shows how the area is trending.
Which schools are assigned to 7200 5th Street, Key West FL 33040?+
Gerald Adams Elementary School (elementary), Key West High School (high) — Monroe County School District. Always verify school assignments with the district before relying on them.
The brief
Four things that matter here
01Positioned at the premium end
$6,499,000 runs 623% above the KEY WEST 33040 median.
02Waterfront living
This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.
03Time on market is leverage
1537 days on market against a Key West median of 113 — sellers in this position are usually ready to negotiate.
04The price has already moved
Listed at $9,500,000, now $6,499,000 — a $3.0M cut. The full history is in the market section below.
Keep looking
Similar homes nearby
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
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