
7000 5th Street, Key West FL 33040, KEY WEST, FL, 33040
Active908 days on marketListed Feb 22, 2024MLS #R10963178
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
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.
$54,983 /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
$54,983/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 957% 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 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.
Sold · Jun ’26$570,000
3312 Eagle Ave, Key West FL 33040
2 bd · 2 ba · 1,032 sqft · $552/sqft · 19 DOM
Sold · Nov ’25$404,000
Nearby listing
2 bd · 2 ba · 1,164 sqft · $347/sqft · 75 DOM
Sold · 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.
Your agent
Anthony Richardson
REALTOR® · CENTURY 21 Edge
Tours, negotiation, and every question about 7000 5th Street — start here.

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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