1 Seppala Way

Key West, FL 33040

$15,000,000
Price
174,240 / 4
Lot Size / Acres
Enchanted Island
1 SEPPALA WAY HD-5
1 SEPPALA WAY HD-1
Enchanted Isl Site Layout2 with Aerial I
Enchanted Isl Site Layout with Aerial Im
Rendering of home
RENDERING1-6
1 SEPPALA WAY HD-6
1 SEPPALA WAY HD-8
1 SEPPALA WAY HD-13
1 SEPPALA WAY WEB-21
1 SEPPALA WAY HD-15
1 SEPPALA WAY HD-11
1 SEPPALA WAY HD-16
1 SEPPALA WAY HD-17
1 SEPPALA WAY WEB-20
1 SEPPALA WAY HD-19
1 SEPPALA WAY HD-2
1 SEPPALA WAY HD-9
1 SEPPALA WAY HD-3
1 SEPPALA WAY HD-7

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...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 120/240V 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.
  1. Listed by Jenna Stauffer • Ocean Sotheby's International Realty

Property Details for 1 Seppala Way

Waterfront
Yes
Waterfront
Gulf Front, Beach Front
Zoning
SR - Sub Urban Residential District
Subdivision
Key Haven 1st Add (5.0)
LISTING UPDATED: 04/03/2025 07:07 AM

Property Details for 1 Seppala Way

StatusActive
MLS #609597
Days on Market620
Taxes$17,231 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeVacant Land
Year Built-
Lot Size4.00 AC
CountyMonroe County

Location

Listing Courtesy of Ocean Sotheby's International Realty
Add your commute

Building Information for 1 Seppala Way

Lot Size4.00 AC

Payment Calculator

$75,556 per month

30 year fixed, 6.28% Interest

Principal and Interest

$74,120

Property Taxes

$1,436

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1 Seppala Way

Summary
Location and General Information
  • Waterview: Open Water View
  • Area: 05 - Stock Island to Shark Key
  • Control Depth: 4
  • Off Shore Island: No
  • Listing Board: Key West Association
  • Side: Bay/Gulf
  • Mile Marker: 5.0
  • Marathon Neighborhood: N/A
  • Location/Site: Cleared Site
  • Neighborhood Feature: Other Area Features
  • Key/Island: Key Haven
Taxes and HOA Information
  • Tax Year: 2023
  • Tax Exemptions: Homestead
  • Assoc/Misc Info: Mandatory Home Owners Asc: No
  • Assoc/Misc Info: 1st Right of Refusal: No
Property
Lot Information
  • Parcel #: 00141132-003400
  • Add'l Parcel #1: 00141132.003500
  • Add'l Parcel #2: 00141132.003600
  • Total Lots: 10.0
Property and Assessments
  • Survey Available: Yes
  • Miscellaneous Info: Mobile Home Lot: No
  • Legal: LOT 34-35-36-37 AND TRACT 3 KEY HAVEN ESTATES PB7-78 OR2762-961/64 OR3038-1782 OR3038-1794
  • MLS Approved: Y
  • Bank Owned: No
  • Flood Zone: AE,VE
  • Deed Restrictions: Unknown
  • Picture Count: 21
  • Document Count: 8
  • Security: Other
  • Miscellaneous Info: Rogo W/Letter: Yes
  • BuildingPermit: Active Permit
  • Property Rights: Tranfrble Bldg Prmt
Utilities
  • Existing Utilities: Electric on Site, Other Utilities, Sewer
Interior and Exterior Features
Exterior Features
  • Dockage: None

Property History for 1 Seppala Way

DateEvent & SourcePriceAppreciation
Apr 15, 2024

Price Change

FKMLS #609597

$18,000,000—
Apr 15, 2024

Price Change

FKMLS #609597

$17,000,000—
Apr 15, 2024

Listed (Active)

FKMLS #609597

$15,000,000—
DateEvent & SourcePrice
04/15/2024

Price Change

FKMLS #609597

$18,000,000
04/15/2024

Price Change

FKMLS #609597

$17,000,000
04/15/2024

Listed (Active)

FKMLS #609597

$15,000,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

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More information about 1 Seppala Way, Key West, FL 33040

1 Seppala Way is a 4 ac of land for sale in Key West, FL 33040. This property was listed for sale on April 15, 2024 by Ocean Sotheby's International Realty, it's currently listed at $15,000,000. 1 Seppala Way is a 0-bed, 0-bath, 4 ac of land on a 174,240 sq. ft. / 4 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Ocean Sotheby's International Realty

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.