Private Island Paradise Ready to
For Sale
$25,000,000
1 Seppala Way, Key West, FL 33040
LAND - Key Haven, FL
Property SizeContact for details
Lot Size4.00 Acres
Days on Market842
Property Features for 1 Seppala Way
General Information
Property type
Land
Property subtype
Other
Zoning
SR - Sub Urban Residentia
Subdivision
Key Haven 1st Add (5.0)
Lot features
Cleared Site
View
Water
Standard status
Active
APN
00141132-003400
Lot size
4.00 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
LOT 34-35-36-37 AND TRACT 3 KEY HAVEN ESTATES PB7-78 OR2762-961/64 OR3038-1782 OR3038-1794
Tax Annual Amount
17231
Legal Description
LOT 34-35-36-37 AND TRACT 3 KEY HAVEN ESTATES PB7-78 OR2762-961/64 OR3038-1782 OR3038-1794
Utilities
Water front features
Beach Front
Water front
1
Listing Agency:
Ocean Sotheby's International Realty
(305) 294-1117
Listed By:
Jenna Stauffer · License #3394848
(260) 433-2319
Added: Apr 15, 2024
Changed: Jun 26
Last Checked: Aug 4 at 11:06AM
MLS# 609597
Copyright © 2026 Key West Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Enchanted Island is a 4-acre private island located 1.5 miles from Key West, accessible via a private highway exit from US 1. Zoned for sub urban residential use, the island permits the construction of up to two homes. Building permits are secured, and the seller has completed engineered architectural plans for a 7,437 SF home. There is also the option of rezoning and securing permits for up to ten homes. The island includes a new 1000A 120/240V power service, underwater sewer and power lines, and AT&T fiber connectivity. The island is elevated 15 feet to meet construction codes. A private ocean reef and partial dredging are present, ideal for potential boat dock installation. The island has a history with helicopter use, hinting at the potential for establishing a heliport. Essential utilities are in place, allowing building to commence without delay. This location is envisioned for those seeking a residence or luxury getaway.
Key Highlights
- Private 4‑acre island located just 1.5 miles from Key West with private highway access.
- Building permits secured for up to two homes, with engineered architectural plans available for a generous 7,437 SF home.
- All essential utilities are in place: new 1000A power service, underwater sewer and power lines, and AT&T fiber connectivity.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
38
Businesses Nearby
Explore this area
Business Placement
Demographics for 33040, FL
35,958
Population
19,001
Households
1.9
Avg Household Size
44
Median Age
38%
College-Educated
92%
High-School Grad
17.7 sq mi
ZIP Area
2,032
Density / Sq Mi
$79,038
Median Household Income
$42,458
Median Earnings
$2,079
Median Rent
$766,400
Median Home Value
Market
Properties on Market for Land in Key West
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Land - 4-acre private island with permits near Key West, Florida.
Where is this land located?
The property is located at 1 Seppala Way Key West, FL.
What is the asking price?
The asking price for this property is $25,000,000.
What are key features of this property?
This property features: Private 4‑acre island located just 1.5 miles from Key West with private highway access.; Building permits secured for up to two homes, with engineered architectural plans available for a generous 7,437 SF home.; All essential utilities are in place: new 1000A power service, underwater sewer and power lines, and AT&T fiber connectivity.
