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    33000 Old State Rd 4A Rd No Name Key, FL 33043

    For Sale
    $800,000

    Vacant Land - No Name Key, FL

    Days on Market:
    220
    Last Refresh:
    Dec 5 at 5:06 am

    Property Features for 33000 Old State Rd 4A Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    NA - Native Area District
    APN
    00108060-000000

    Utilities

    Water front features
    Lake Front, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    Internet Realty/Florida Keys Inc (KW) (305) 745-9088

    Listing agent Tony Paterniti (352) 209-0007 License #3064847

    Listing date Apr 30, 2025

    MLS# 613848 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

    20-Acre Land with Saltwater Lake

    This 20-acre parcel features a 17-acre saltwater lake. The property is located in No Name Key, FL. While the property cannot be developed for residential or commercial use, researchers from Florida International University have been studying the growth of spider crabs that thrive on algae in the lake. The intent is to raise spider crabs to place on reefs to eat the algae and save the reefs. Spider crabs are also known as Caribbean King Crabs. These crabs graze on algae, helping corals thrive, enhance coral restoration, and support reef health. Reefs need grazers to control algae, and scaling up crab stocking could improve long-term reef management. The property may be suitable for organizations interested in saving the reef. There are two locked gates and security cameras in use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Marinas

    Map

    City
    No Name Key
    County
    Monroe
    State
    Florida
    Longitude
    -81.330543
    Latitude
    24.694788

    FAQs

    What type of property is this?
    Marina - 20-acre parcel with saltwater lake, potential reef restoration project.
    Where is this marina located?
    The property is located at 33000 Old State Rd 4A Rd No Name Key, FL.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: - 20-acre parcel featuring a stunning 17-acre saltwater lake.; - Ideal for reef restoration efforts, with potential for raising algae-eating spider crabs (Caribbean King Crabs).; - Supported by research from Florida International University (FIU) for spider crab mariculture.
    (352) 209-0007
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    33000 Old State Rd 4A Rd No Name Key, FL 33043
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    No Name Key, FL 33043
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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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    33000 Old State Rd 4A Rd No Name Key, FL 33043
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