Skip to main contentSkip to navigation
1 / 21
Images
Map

Residential Land for Sale in Stock Island, Florida

1 Seppala Way, Stock Island, FL 33040

$15,000,000
4 acres
Active
$2m drop
Est $103,816/mo

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.

Location

Street address
1 Seppala Way
Community
Key Haven 1st Add (5.0)
Elevation
3 feet
Coordinates
24.5778, -81.7278

Property details

Acreage
4 acres
Zoning
SR - Sub Urban Residential District
MLS #
KWAR 609597
Posted

Property taxes

2023
$17,231

Parcels

  • 00141132-003400

Legal description

Details and features

Listing

Type
Land

Lot

View
Water
Features
Beach Front, Waterfront

Listing history

DateEventPriceChangeSource
Oct 17, 2024Price drop$15,000,000$2,000,000 -11.8%KWAR
July 17, 2024Price drop$17,000,000$1,000,000 -5.6%KWAR
Apr 15, 2024New listing$18,000,000KWAR
Subscribe to listing updates

Payment calculator

This 4-acre property is located at 1 Seppala Way in Stock Island, FL 33040. The property is available for sale for $15,000,000 with a price per acre of $3,750,000.

Checked 53 mins ago — Updated

Report listing issue

Copyright (C) 2025 Key West Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Contact listing agent Message rules
By submitting, I agree to the terms of use and to be contacted by real estate professionals. Message and data rates may apply.
Contact