For sale
$9,950,000
6beds
5,208sqft
16750 Old State Rd, Sugarloaf Key, FL 33042
6beds
5,208sqft
Single family residence
Built in 1959
2.33 Acres
Attached garage
$1,911 price/sqft
What's special
Boat rampLookout pointSandy beachComposite observation deckSonos sound systemAbundant storageSpacious dining area
Introducing Blue Water Lagoon Estate! Experience unmatched privacy and exceptional waterfront living at this gated 2.33-acre oceanfront estate in exclusive Sugarloaf Beach -- a location famously featured in the film ''True Lies''. Designed for the avid boater and those seeking a resort-style lifestyle, this 5,208 sq. ft. residence offers rare amenities ...
- 46 days |
- 6,797 |
- 288 |
Source: FLKMLS,MLS#: 617329
Originating MLS: Key West Association
Originating MLS: Key West AssociationTravel times
Living Room
Kitchen
Primary Bedroom
Zillow last checked: 8 hours ago
Listing updated: November 19, 2025 at 07:50am
Listed by:
Lisa Swanson 305-924-3777,
The Agency Florida Keys
Source: FLKMLS,MLS#: 617329Originating MLS: Key West Association
Originating MLS: Key West AssociationFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Heating
- Central
Cooling
- Central Air, Ceiling Fans(s)
Appliances
- Included: More Appliances, Stainless Steel Appliance(s), Wine Cooler, Ice Machine, Freezer, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer, Washer
- Laundry: Laundry Room
Features
- Bar, Whirlpool Bath Tub, Walk-In Closet(s), Storage, Granite Counters, Built-in Cabinets, Entrance Foyer, Split Bedroom, Loft
- Flooring: Tile, Wood
- Doors: Impact Rstnce Doors
- Windows: Drapes/Blinds Incl, Window Treatments, Impact Rstnce Window
Interior area
- Total interior livable area: 5,208 sqft
Video & virtual tour
Property
Parking
- Parking features: Garage, Trailer Storage, RV Parking Open, Off Street, Attached
- Has attached garage: Yes
- Has uncovered spaces: Yes
Features
- Patio & porch: Lanai, Open Porch/Balcony, Screened P/B
- Exterior features: Bar, Water Display, Storage, Sprinkler System, Sandy Beach, Outdoor Shower, Outdoor Kitchen, Lighting, Built-in Barbecue, Boat Slip
- Has private pool: Yes
- Pool features: Heated, In Ground, Concrete, Salt Water
- Fencing: Privacy,Fenced
- Has view: Yes
- View description: Ocean, Harbor/Marina View, Water
- Has water view: Yes
- Water view: Ocean,Harbor/Marina View,Water
- Waterfront features: Oceanfront, Open Water, Waterfront, Sandy Beach, Dock: Concrete, Dockage: Boat Lift, Basin, Boat Slip, Boat Ramp
Lot
- Size: 2.33 Acres
- Features: 2 Less Than 5 Acres
Details
- Additional structures: Workshop, Chickee Hut
- Parcel number: 00119370000000
- Zoning: SS
- Zoning description: Sparsely Settled Residential District
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- CBS
- Roof: Metal
Condition
- Year built: 1959
Utilities & green energy
- Utilities for property: FKAA, Buyer to Verify
Community & HOA
Community
- Features: Other, Bike Paths
- Security: Security System, Electric Gate, On Premises System
- Subdivision: Sugarloaf Beach (17.0)
HOA
- Has HOA: No
- Services included: None
Location
- Region: Sugarloaf Key
Financial & listing details
- Price per square foot: $1,911/sqft
- Tax assessed value: $5,569,095
- Annual tax amount: $42,587
- Date on market: 11/15/2025
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 11/15/2025 | Listed for sale | $9,950,000+46.3%$1,911/sqft |
Source:  Key West AOR #617329 | ||
| 6/14/2024 | Sold | $6,800,000-9.3%$1,306/sqft |
Source: Key West AOR #609579 | ||
| 5/18/2024 | Pending sale | $7,499,000$1,440/sqft |
Source:  FLKMLS #609579 | ||
| 4/30/2024 | Contingent | $7,499,000$1,440/sqft |
Source: Key West AOR #609579 | ||
| 4/12/2024 | Listed for sale | $7,499,000-6.2%$1,440/sqft |
Source: Key West AOR #609579 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $49,061 +15.2% | $5,569,095 +12.9% |
| 2024 | $42,588 -5.3% | $4,931,265 -3.3% |
| 2023 | $44,951 +13% | $5,098,495 +10% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$59,573/mo
Principal & interest
$49291
Property taxes
$6799
Home insurance
$3483
Estimated market value
$8.41M - $9.38M
$8,848,800
$36,140/mo
Climate risks
Explore flood, wildfire, and other predictive climate risk information for this property on First Street®️.
Nearby schools
GreatSchools rating
- 5/10Sugarloaf SchoolGrades: PK-8Distance: 3.3 mi
- 7/10The College Of The Florida Keys AcademyGrades: 9-12Distance: 12.9 mi