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    Oceanside Marina Liveaboard Slip Title is generated by Realmo AI

    5950 Peninsular Avenue, Stock Island, FL 33040

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    For Sale
    $325,000

    LAND - Stock Island, FL

    Added:
    Apr 21, 2026
    Days on Market:
    32
    Last Refresh:
    May 22 at 5:06 pm

    Property Features for 5950 Peninsular Avenue

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    MU - Mixed Use District
    Parking features
    Open, Guest
    Standard status
    Active
    APN
    00127420-000622

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    OCEANSIDE MARINA CONDOMINIUM UNIT 622 & .5373% COMMON ELEMENTS OR1411-2323/24 OR2056-1827/28Q/C OR2056-1830-31AFF OR3162
    Tax Annual Amount
    2157

    Utilities

    Utilities
    Water Available
    Water front features
    Ocean Front
    Water front
    1

    Building Details

    Year built
    1996

    We can help!

    Listing Contact
    Cardenas & Krug Team

    Listing agent Cardenas & Krug Team License #00000

    Listing office Coastal Collection Real Estate Inc. 422 Fleming St. Suite 7, Key West, FL

    Listing date Apr 21, 2026

    MLS# 619588 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 real estate with owned bay bottom - financeable.
    • Direct deep‑water access to the Atlantic Ocean.
    • Enjoy full access to Oceans Edge Resort's premium amenities, including six swimming pools and a fitness center.
    • Easiest slip to navigate in the marina, offering effortless docking and departure.
    • Ideal for vacation escape, full‑time waterfront living, or charter business.
    • Onsite restaurant and bar, outdoor movies, and occasional live music.

    Overview

    This 40-foot liveaboard slip at Oceanside Marina, located within the Oceans Edge Resort, provides direct deep-water access to the Atlantic Ocean. It is positioned as a suitable Key West retreat for boaters, offering versatility for vacation escapes, full-time waterfront living, or a base for charter businesses. Owners have access to resort amenities, including six swimming pools, a fitness center, bathhouse with laundry, a dog park, complimentary pump-outs, and fuel docks. An onsite restaurant and bar, along with outdoor movies and live music, contribute to the resort experience. The property includes owned bay bottom, making it deeded real estate that is financeable and not subject to a Florida Bay Bottom lease. The slip is considered easy to navigate, offering effortless docking and departure. The property is located in Stock Island, Florida, with a mixed-use zoning designation.
    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
    -81.6849
    Latitude
    24.5796

    Nearby Similar for Sale

    • $1,950,000
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      Stock Island Commercial Property Available

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      View Details
    • $325,000

      Oceanside Marina Liveaboard Slip

      45' liveaboard slip with resort amenities and deep-water access.
      5950 Peninsular Avenue, Stock Island, FL 33040
      View Details
    • $450,000

      Established Transportation Company For Sale

      Key West transportation company with luxury clientele and strong hospitality partnerships.
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      Ocean's Edge Marina Boat Slip

      Premium boat slip at Ocean's Edge Marina, Stock Island.
      5950 Peninsular Avenue, Stock Island, FL 33040
      View Details

    FAQs

    What type of property is this?
    Marina - 40' liveaboard slip with resort amenities and ocean access.
    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 $325,000.
    What are key features of this property?
    This property features: Deeded real estate with owned bay bottom - financeable.; Direct deep‑water access to the Atlantic Ocean.; Enjoy full access to Oceans Edge Resort's premium amenities, including six swimming pools and a fitness center.
    (305) 848-1616
    We can help!
    Listing Contact
    Cardenas & Krug Team
    Real Estate License ID: 00000
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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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