5331 5th Ave

5,705 Sq. Ft.
$377 / Sq. Ft.
5,705
Sq. Ft.
$377
per Sq. Ft.

Description

Attention Developers and Investors! This is a unique opportunity to acquire four parcels totaling 30,000 square feet of prime land just minutes from Key West. Ideally situated at Mile Marker 5, this property boasts a central location near some of the area's most sought-after resorts, dining establishments, and marinas. Whether you're looking to develop a new residential community, a commercial venture, or a combination of both, this land offers incredible potential. Its proximity to key attractions...Attention Developers and Investors! This is a unique opportunity to acquire four parcels totaling 30,000 square feet of prime land just minutes from Key West. Ideally situated at Mile Marker 5, this property boasts a central location near some of the area's most sought-after resorts, dining establishments, and marinas. Whether you're looking to develop a new residential community, a commercial venture, or a combination of both, this land offers incredible potential. Its proximity to key attractions and amenities ensures a steady flow of visitors and residents, making it an ideal investment for future growth and profitability. 7 Electric Meters. 7 Water Meters. MU- Mixed Use Zoning. ROGO exempt for 6 or 7 units may be possible.
  1. Listed by Bascom L Grooms • Bascom Grooms Real Estate (KW)

Property Details for 5331 5th Avenue

Waterfront
None
Waterfront
No
Zoning
MU - Mixed Use Commercial Mixed Use
Subdivision
Maloney Sub (5.0)
Directions
GPS TO 5331 5TH AVENUE
Building Style
Other Bldg Style
Vehicle Storage
Off Street Parking
Pets
Pets Allowed
LISTING UPDATED: 06/30/2026 03:54 PM

Property Details for 5331 5th Avenue

StatusActive
MLS #620462
Days on Market3
Taxes$23,691 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential / Multi-Units
Year Built1938
Lot Size0.69 AC / 30,000 SF
CountyMonroe County

Location

Listing Courtesy of Bascom Grooms Real Estate (KW)
Add your commute

Building Information for 5331 5th Avenue

Stories2Residences-Year Built1938Building Size-Lot Size0.69 AC / 30,000 SF

Payment Calculator

$12,688 per month

30 year fixed, 6.36% Interest

Principal and Interest

$10,714

Property Taxes

$1,974

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 5331 5th Avenue

Summary
Location and General Information
  • Waterview: No Waterview
  • Area: 05 - Stock Island to Shark Key
  • Absolute Longitude: 81.742359
  • Control Depth: 0
  • Listing Board: Key West Association
  • Side: Ocean
  • Mile Marker: 5.0
  • Marathon Neighborhood: N/A
  • Neighborhood Feature: Other Area Features
  • Key/Island: Stock Island
Taxes and HOA Information
  • Association Info: Mandatory Home Owners Asc: No
  • Association Info: 1st Right of Refusal: No
  • Fee Includes: None
  • Tax Year: 2025
  • Tax Exemptions: None
Property
Lot Information
  • Lot Size: 200X150
  • Parcel #: 00126820000000
  • Add'l Parcel #1: 00126830-000000
  • Add'l Parcel #2: 00126840-000000
  • Land Size: 1/2 - Less Than 1 AC
  • License Info: Non Trans Rntl Lic
Property and Assessments
  • MLS Approved: Y
  • Bank Owned: No
  • SqFt Source: Property Data Card
  • Rentals Allowed: With Restrictions
  • Deed Restrictions: Unknown
  • Picture Count: 18
  • Document Count: 0
  • Building Style: Above Flood: Unknown
  • Title: Negotiable
Utilities
  • Utilities: FKAA, Buyer to Verify, Municipal Sewer
  • Pub Sewer HkUp: Yes
  • Pool: No
Interior and Exterior Features
Interior Features
  • Appliances: Other: YES
  • Appliances: Refrigerator
Exterior Features
  • Construction: CBS, Combo Construction, Manufactured, Frame
  • Dockage: None

Property History for 5331 5th Avenue

DateEvent & SourcePriceAppreciation
Jun 29, 2026

Listed (Active)

FKMLS #620462

$2,150,000
Oct 3, 2025

Temp Off Market

FKMLS #614930

May 7, 2025

Price Change

FKMLS #614930

$2,999,000
DateEvent & SourcePrice
06/29/2026

Listed (Active)

FKMLS #620462

$2,150,000
10/03/2025

Temp Off Market

FKMLS #614930

05/07/2025

Price Change

FKMLS #614930

$2,999,000

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

Public Records for 5331 5th Avenue

Taxable ValueLand$487,500Additions$65,168Total$552,668
Tax Record2024$6,830 ($569 / month)
Home Facts
Baths4Total Finished SqFt1,200 SqFtAbove Grade Finished SqFt1,200 SqFtStories2Lot Size7,500 SqFtStyleMulti-Family Dwelling (2-4)Year Built1938Year Renovated1987CountyMONROEAPN00126820-000000

Schools near 5331 5th Avenue

This home is within Monroe.
Rating
School
Type
Grades
Distance
Public - PK to 5
Charter - K to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Gerald Adams Elementary School
PublicPK to 5

Sigsbee Charter School
CharterK to 8

Key West High School
Public9 to 12

The College Of The Florida Keys Academy
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

5331 5th Avenue is a multi-family home for sale in Key West, FL 33040. This property was listed for sale on June 29, 2026 by Bascom Grooms Real Estate (KW), it's currently listed at $2,150,000. It has been on the market for a total of 3 days and was last sold on July 11, 2022. This listing's school district is Monroe. Nearby schools include Gerald Adams Elementary School, Sigsbee Charter School and Key West High School. 5331 5th Avenue is a 6-bed, 6-bath, 5,705 sqft multi-family home built in 1938.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Bascom Grooms Real Estate (KW)

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.