1 Seppala Way, Key Haven, FL 33040
$15,000,000
Property Type:
Vacant Land
Lot Size (sq. ft.):
174,240
Status:
Active
Current Price:
$15,000,000
List Date:
4/15/2024
Last Modified:
4/03/2025
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 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.
More Information MLS# 609597
Contract Information
Listing Board: Key West Association
Limited Representation: No
Potential Short Sale: No
Bank Owned: No
Current Price: $15,000,000
Listing Date: 2024-04-15
List Price: $15,000,000
Location, Tax & Legal
City: Key Haven
Off Shore Island: No
Mile Marker: 5
Marathon Neighborhood: N/A
Side: Bay/Gulf
Flood Zone: AE,VE
Alternate Key #: 9093832
Add'l Parcel #1: 00141132.003500
Parcel #: 00141132-003400
Add'l Parcel #2: 00141132.003600
Zoning: SR - Sub Urban Residential District
Deed Restrictions: Unknown
Legal: LOT 34-35-36-37 AND TRACT 3 KEY HAVEN ESTATES PB7-78 OR2762-961/64 OR3038-1782 OR3038-1794
Taxes: 17230.94
Tax Year: 2023
Street #: 1
Street Name: Seppala
Street Suffix: Way
Key/Island: Key Haven
State/Province: FL
Zip Code: 33040
County: Monroe
Subdivision: Key Haven 1st Add (5.0)
Area: 05 - Stock Island to Shark Key
General Property Description
Realtor.COM Type: Vacant Land
Waterfront: Yes
Control Depth: 4
Lot SqFt: 174240
Lot Sqft Source: Seller
Total Lots: 10
Survey Available: Yes
Remarks & Misc
Remarks – Consumer: 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.
Assoc/Misc Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Miscellaneous Info
Mobile Home Lot: No
Rogo W/Letter: Yes
Dockage
None: 1
Tax Exemptions
Homestead: 1
Waterfront
Beach Front: 1
Gulf Front: 1
Waterview
Open Water View: 1
Neighborhood Feature
Other Area Features: 1
Location/Site
Cleared Site: 1
Existing Utilities
Electric on Site: 1
Other Utilities: 1
Sewer: 1
BuildingPermit
Active Permit: 1
Security
Other: 1
Property Rights
Tranfrble Bldg Prmt: 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Status: Active
Property Features
Tax Exemptions: Homestead
Waterfront: Beach Front; Gulf Front
Dockage: None
Waterview: Open Water View
Neighborhood Feature: Other Area Features
Existing Utilities: Electric on Site; Other Utilities; Sewer
BuildingPermit: Active Permit
Security: Other
Property Rights: Tranfrble Bldg Prmt
Documents
Listing Office:
Ocean Sotheby's International Realty
Last Updated: April - 03 - 2025
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.

Survey Enchanted Island Pt. 2 ›