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    1 Seppala Way Key West, FL 33040

    For Sale
    $15,000,000

    Vacant Land - Key Haven, FL

    Days on Market:
    416
    Last Refresh:
    Dec 5 at 8:06 pm

    Property Features for 1 Seppala Way

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    SR - Sub Urban Residential District
    APN
    00141132-003400

    Utilities

    Water front features
    Beach Front, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    Ocean Sotheby's International Realty (305) 294-1117

    Listing agent Jenna Stauffer (305) 294-1117 License #3394848

    Listing date Oct 16, 2024

    MLS# 609597 Listing URL

    Copyright © 2025 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.

    Overview

    Private Island Near Key West

    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 allows for the construction of up to two homes. Building permits are secured, and the island is elevated 15 feet to meet construction codes. Engineered architectural plans for a 7,437 square foot home have been completed by the seller. Rezoning options exist 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. A private ocean reef and partial dredging are present, with potential for boat dock installation. The island has a history of helicopter use, suggesting the possibility of establishing a heliport. Essential utilities are available, allowing for immediate commencement of building. This location is envisioned for those seeking a luxury getaway.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Key West
    County
    Monroe
    State
    Florida
    Longitude
    -81.727795
    Latitude
    24.577839

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    FAQs

    What type of property is this?
    Residential land & home lot - Exclusive 4-acre private island with development potential near Key West.
    Where is this residential land & home lot located?
    The property is located at 1 Seppala Way Key West, FL.
    What is the asking price?
    The asking price for this property is $15,000,000.
    What are key features of this property?
    This property features: - Private Island: Own an exclusive 4-acre island retreat, just 1.5 miles from Key West, offering unparalleled privacy.; - Development Ready: Building permits secured, with engineered architectural plans completed for a 7,437 SF home.; - Utility Infrastructure: Includes a new 1000A power service, underwater sewer and power lines, and AT&T fiber connectivity.
    (305) 294-1117
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    1 Seppala Way Key West, FL 33040
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1 Seppala Way Key West, FL 33040
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