CENTURY 21 Edge

7000 5th Street, Key West FL 33040, KEY WEST, FL, 33040

Active908 days on marketListed Feb 22, 2024MLS #R10963178

WaterfrontMisc Stock Island (5.0)

About this home

7000 5th Street, Key West FL 33040

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 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.

Facts & features

The home at a glance

77.4564 ac

Lot size

WaterfrontOcean & Direct Ocean & Ocean View view

Inside

Outside & construction

ViewOcean · Direct Ocean · Ocean View
FacesSouth

Community & fees

Taxes (2023)$52/yr
CommunityPrivate Roads

Utilities & systems

UtilitiesElectricity Connected · No Utilities · Water Connected · Electricity Available · None · Water Available
WaterPublic

The numbers

What it really costs

Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.

$54,983 /mo · 10% down Conventional, 30-yr fixed at 6%

Principal & interest$51,256
PMI (est., until 20% equity)$3,562
Property tax — 2023 actual bill$4
Insurance (FL estimate)$160

The assumptions

Loan typeConventionalDown payment10% · $949,900Loan30-yr fixed at 6%Mortgage insuranceIncludedTaxesActual bill on recordInsuranceFlorida estimate

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

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Run your own numbers

Loan type

FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.

Down payment10% · $949,900
Interest rate6.00%
Loan term

Estimated payment

$54,983/mo

Principal & interest$51,256
PMI (est., until 20% equity)$3,562
Property taxes (actual bill)$4
Est. insurance$160

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

Map of 7000 5th Street, Key West FL 33040

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

ElementaryGerald Adams Elementary School★★★★
HighKey West High School★★★★★

School assignments and ratings via edgeAI — always verify with the district.

The numbers that matter

The Key West market

Seller’s marketLeans buyer10.0 months of inventoryBuyer’s 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 957% above the KEY WEST 33040 median. See the full Key West market guide →

Paper trail

This home's history

Feb 22, 2024Listed at $9,499,000 · 908 days on market since

Reality check

What actually sold near 7000 5th Street

Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.

3312 Eagle Ave, Key West FL 33040Sold · Jun ’26

$570,000

3312 Eagle Ave, Key West FL 33040

2 bd · 2 ba · 1,032 sqft · $552/sqft · 19 DOM

Nearby listingSold · Nov ’25

$404,000

Nearby listing

2 bd · 2 ba · 1,164 sqft · $347/sqft · 75 DOM

1510 18th St, Key West FL 33040Sold · May ’26

$1,000,000

1510 18th St, Key West FL 33040

3 bd · 2 ba · 1,714 sqft · $583/sqft · 112 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.

Anthony Richardson

Your agent

Anthony Richardson

REALTOR® · CENTURY 21 Edge

Tours, negotiation, and every question about 7000 5th Street — start here.

Andrew Acosta

Your lender

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Pre-approval, rates, and the real monthly number for 7000 5th Street — before you fall in love.

See it in person

Schedule a tour

Live availability from Anthony's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.

Straight answers

7000 5th Street FAQs

What would the monthly payment be for 7000 5th Street, Key West FL 33040?+

With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $54,983/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 7000 5th Street, Key West FL 33040?+

The most recent tax bill on record (2023) was $52. 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 $9,499,000, this home is listed about 850% 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 7000 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

Three things that matter here

01Positioned at the premium end

$9,499,000 runs 957% 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

908 days on market against a Key West median of 113 — sellers in this position are usually ready to negotiate.

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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