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1 Seppala Way, Key Haven, FL 33040

$25,000,000
Property Type: Vacant Land Lot Size (sq. ft.): 174,240 Status: Active
Current Price: $25,000,000 List Date: 4/15/2024 Last Modified: 4/02/2026

Overview

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 ...

Listing Details MLS# 609597

Location, Tax & Legal

Street #
Yes
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
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

Contract Information

Listing Board
Key West Association
Limited Representation
No
Potential Short Sale
No
Bank Owned
No

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

Miscellaneous Info

Mobile Home Lot
No
Rogo W/Letter
Yes

Financial Status

Bank Owned
No
Potential Short Sale
No

More Information

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

Dockage

None
Yes

Tax Exemptions

Homestead
Yes

Waterfront

Beach Front
Yes
Gulf Front
Yes

Waterview

Open Water View
Yes

Neighborhood Feature

Other Area Features
Yes

Location/Site

Cleared Site
Yes

Existing Utilities

Electric on Site
Yes
Other Utilities
Yes
Sewer
Yes

BuildingPermit

Active Permit
Yes

Security

Other
Yes

Property Rights

Tranfrble Bldg Prmt
Yes

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
Listing Office: Ocean Sotheby's International Realty
Last Updated: April - 02 - 2026
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.