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    Deeded Marina Slip Title is generated by Realmo AI

    5950 Peninsular Avenue, Stock Island, FL 33040

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    Claim this Listing
    New
    For Sale
    $499,000

    LAND - Stock Island, FL

    Property size:
    1,100 SF
    Price / SF:
    $453/SF
    Added:
    Jun 5, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 6 at 5:06 am

    Property Features for 5950 Peninsular Avenue

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    MU - Mixed Use District
    Parking features
    Open
    Standard status
    Active
    APN
    00127420000643

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Unit 643 Oceanside Marina Condominium Or1416-1621 Or1476-41/43 Or1476-50/52 Or1476-53/55 Or2325-1269 Or2397-2469 Or2958-
    Tax Annual Amount
    3900

    Utilities

    Utilities
    Cable Available
    Water front features
    Ocean Front
    Water front
    1

    Building Details

    Year built
    1996

    We can help!

    Listing Contact
    Stacey Nash Pillari
    Stacey Nash Pillari

    Listing agent Stacey Nash Pillari License #SL3426914

    Listing office Berkshire Hathaway HomeServices Knight & Gardner Realty 336 Duval St., Key West, FL

    Listing date Jun 5, 2026

    MLS# 620184 Listing URL

    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.

    HighLights

    • Deeded 50 x 22 liveaboard boat slip at Oceans Edge Resort & Marina
    • 9' control draft deep water slip with direct access to the Atlantic Ocean
    • Slip includes dock box storage and separate water and power meters
    • Marina amenities include 6 swimming pools, state‑of‑the‑art fitness center, restaurant and bar, and Starbucks
    • On‑site services include fuel dock and pump‑out service, plus bath house and laundry
    • Open parking and resort shuttle service to downtown Key West

    Overview

    This offering is for a deeded liveaboard boat slip at Oceans Edge Resort & Marina, marketed as a 50 x 22 slip with a 9' control draft and direct access to the Atlantic Ocean. The slip includes dock box storage and separate water and power meters, and the remarks indicate it includes ownership of the bay bottom. The property is described as suitable for larger boats and yachting use, with fuel dock and pump-out service available at the marina.

    The marina is located at 5950 Peninsular Avenue in Stock Island, Florida (Monroe County). The marina, as described in the listing, features on-site amenities including multiple swimming pools, a state-of-the-art fitness center, a restaurant and bar, Starbucks, a dog park, a bath house and laundry, and ample parking. Additional services mentioned include a fuel dock and pump-out service, along with a shuttle to downtown Key West.

    For buyers seeking a marina-based boating lifestyle, this deeded slip provides the ability to dock with independent water and power metering and on-site marina services. The listing also states the slip is financeable, which may support eligible buyers looking to purchase rather than rent for their waterfront berth needs.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Stock Island
    County
    Monroe
    State
    Florida
    Longitude
    -81.729918
    Latitude
    24.563089

    Nearby Similar for Sale

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      Oceanside Marina Liveaboard Slip

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    FAQs

    What type of property is this?
    Marina - Own a deep-water liveaboard slip with direct Atlantic access at Oceans Edge Resort & Marina in Stock Island.
    Where is this marina located?
    The property is located at 5950 Peninsular Avenue Stock Island, FL.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: Deeded 50 x 22 liveaboard boat slip at Oceans Edge Resort & Marina; 9' control draft deep water slip with direct access to the Atlantic Ocean; Slip includes dock box storage and separate water and power meters
    (305) 906-0144
    We can help!
    Listing Contact
    Stacey Nash Pillari
    Stacey Nash Pillari
    Real Estate License ID: SL3426914
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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