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7200 5th St - Cow Key 51 Acres of Residential Land Offered at $8,950,000 in Key West, FL 33040

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INVESTMENT HIGHLIGHTS

Biggest island for development close to Key West, FL
Residential / commercial use e.g. equestrian, therapeutic programs, farm to table, event space for concerts, weddings, parties etc.
Utmost privacy

Close to new marina and high end hotels
Access via land bridge
Close to commercial fishing waterfront

EXECUTIVE SUMMARY

A rare opportunity to own a private island with 50 acres and only minutes from Key West. So many possibilities. Build your own Equestrian Estate, ''The Southernmost stables''. Build you dream home up to about 25,000 sqft with a pool, tennis/ pickle ball courts, stables and more. This property is also 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 owners used to run a small farm, bee keeping, music events, and kids summer camps on the island. One of the few places with untouched nature left in the Florida Keys. The property is 50 acres of mangrove forest, beach berms, hammocks, and upland. Please note that the adjacent water Parcel B is also listed for sale together with the island. Both parcels for $11,995,000 under MLS #608897 . Parcel B has shallow water on one side and deep water on the other with access to the Atlantic Ocean and suitable for a small Marina. Zoned MIXED USE / Commercial.

Land Use letter for Cow Key -Landplanner Owen

Existing Conditions Report - Field assessment of Cow Key, Monroe County

PROPERTY FACTS

Price	$8,950,000	Property Type	Land
Sale Type	Investment	Property Subtype	Residential
Sale Condition	Build to Suit	Proposed Use	Loft or Creative Space Open Space Single Family Development Specialty, Festival or Entertainment Agricultural Pasture Ranch Single Family Residence
No. Lots	1	Total Lot Size	51.00 AC
Zoning	NA - Native Area. See Land Use letter for details.

Price	$8,950,000
Sale Type	Investment
Sale Condition	Build to Suit
No. Lots	1
Property Type	Land
Property Subtype	Residential
Proposed Use	Loft or Creative Space Open Space Single Family Development Specialty, Festival or Entertainment Agricultural Pasture Ranch Single Family Residence
Total Lot Size	51.00 AC
Zoning	NA - Native Area. See Land Use letter for details.

1 LOT AVAILABLE

Lot

Price	$8,950,000	Lot Size	51.00 AC
Price Per AC	$175,490.20

Price	$8,950,000
Price Per AC	$175,490.20
Lot Size	51.00 AC

Approximately 50 AC in total area as measured from mean high tide with approximately 5.8 acres of upland. Zoning allows for a 38ft two story structure of approximately 25,000 sq.ft total. Could be purchased together with the adjacent parcel B.

DESCRIPTION

A rare opportunity to own a private island with 50 acres and only minutes from Key West. So many possibilities. Build your own Equestrian Estate, ''The Southernmost stables''. Your dream home can have a footprint of up to about 12,000 SQFT and two stories over parking. 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 owners used to run a small farm, bee keeping, music events, and kids summer camps on the island. One of the few places with untouched nature left in the Florida Keys. There are about a hundred hives and bee boxes throughout the island - that's up to three million bees. The property is 50 acres of mangrove forest, beach berms, hammocks, and trails which provide plenty of nectar and pollen. Mangrove honey is a special mangrove honey from a dwindling habitat. 'I think having land and not ruining it is the most beautiful art that anybody could ever want to own.' – Andy Warhol