Active

1 Seppala Way WAY

Key Haven, FL 33040

$25,000,000 $105,401/Mo

Get Pre-Approved Check your credit

Overview

174,240

Sqft(Lot)

Description

Introducing Enchanted Island, an unparalleled private island located 1.5 miles from Key West accessible via its own private highway exit from US 1. This rare real estate jewel offers an exclusive escape like no other.Presently zoned for sub urban residential use, the island permits the construction of up to two homes. Elevated 15 feet to meet construction codes and with building permits already secured, Enchanted Island is posed for your development aspirations. Additionally, the seller has completed engineered architectural plans for a 7,437 SF home. For those with a vision grander in scale, the option of rezoning and securing permits for up to ten homes exists, providing endless possibilities for your imagination. Enchanted Island boasts all essential utilities, including a new 1000A 12 0/240V power service, underwater sewer and power lines, and AT&T fiber connectivity. With building permits in hand, your journey from blueprint to building can commence without delay.Spanning an impressive 4 acres, Enchanted Island offers both tranquility and unique features, such as a private ocean reef and partial dredging, ideal for potential boat dock installation. In addition to its private highway access, the island has a history with helicopter use, hinting at the potential for establishing a heliport to further enhance its exclusivity and convenience for the distinguished few who will call it home or their luxury getaway.Enchanted Island seamlessly combines isolation with connectivity, offering a lifestyle statement for the discerning few. This exotic haven envisioned for the elite seeking not just a residence but a statement of lifestyle, stands ready to fulfill visions of grandeur against the breathtaking backdrop of the Florida Keys.Seize the unparalleled opportunity to turn your dream of island living into your reality with Enchanted Island.

Property Details

Property Type : Vacant Land

Price : $25,000,000

AD Id : 56304533

MLS Id : 609597

Lot Size : 174,240 Sq. Ft(Lot)

Tax Amount : $17,230.94

County : Monroe

Map

Features

Heating & Cooling

Water Front: Yes

Building Information

Total Units: 10.00 Floor Location: 174240

Lot Information

Lot SqFt: 174,240 LOT 34-35-36-37 AND TRACT 3 KEY HAVEN ESTATES PB7-78 OR2762-961/64 OR3038-1782 OR3038-1794
Property Information

Subdivision: Key Haven 1st Add (5.0)

Listing Price Information

List Price: $25,000,000

Tax Information

Taxes: $17,231 Tax Year: 2023 Parcel Number: 00141132-003400

Sell a home like this and save $1,499,501 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.