For sale by owner

$4,500,000

54 Schooner Bay Rd, Plantation Key, FL 33070

5beds

3,500sqft

$29,002/mo

Get pre-qualified

SingleFamily

Built in 1972

7,800 Square Feet Lot

$-- Zestimate^®

$1,286/sqft

$-- HOA

What's special

Rare oceanfront acreageGated entranceDetached garage studioOpen ocean views

OPEN OCEAN on MILLIONAIRE'S ROW in Islamorada. This unique parcel offers a combined total of 1.7 acres with dockage and a boat ramp. Zoned 'Residential Estate' which City says allows for new estate-style home with separate guest cottage or caretaker's home up to 1200 sf. Current home is 2/2 down & large 1/1 up with open ocean views. Gated entrance. Rare oceanfront acreage. Includes detached 1/1 Red Cross cottage and detached garage studio.

What the owner loves about this home

Potential for rebuild or continued use as vacation rental. We’ve been using as a vacation rental for over 14 years and done very well with it.

14 days
507
42

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 5
Full bathrooms: 5

Heating

Forced air

Features

Flooring: Other
Has fireplace: No

Interior area

Total interior livable area: 3,500 sqft

Property

Parking

Parking features: Garage - Detached

Features

Exterior features: Stucco, Composition
Has view: Yes
View description: Water
Has water view: Yes
Water view: Water

Lot

Size: 7,800 Square Feet

Details

Parcel number: 00419295001900

Construction

Type & style

Home type: SingleFamily

Materials

Concrete Block
Foundation: Concrete
Roof: Metal

Condition

New construction: No
Year built: 1972

Community & HOA

Location

Region: Plantation Key

Financial & listing details

Price per square foot: $1,286/sqft
Tax assessed value: $4,331,878
Annual tax amount: $26,961
Date on market: 10/28/2026

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
10/28/2026	Listed for sale	$4,500,000+542.9%$1,286/sqft
Source: Owner Report a problem
7/27/2009	Sold	$700,000-67.4%$200/sqft
Source: Agent Provided Report a problem
9/29/2008	Listing removed	$2,150,000$614/sqft
Source: Homes & Land #546219 Report a problem
8/14/2008	Listed for sale	$2,150,000$614/sqft
Source: Homes & Land #546219 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$26,961 +12.3%	$2,078,513 +10%
2023	$24,001 +14%	$1,889,557 +10%
2022	$21,057 +14.6%	$1,717,779 +10%
2021	$18,376 +4.6%	$1,561,617 +10%
2020	$17,574	$1,419,652 -28.9%
2019	$17,574 +2.8%	$1,996,842 +10.4%
2018	$17,087 +2.2%	$1,808,866 +5.6%
2017	$16,716 +24.8%	$1,713,330 -4.1%
2016	$13,390 -2.4%	$1,786,949 +30.2%
2015	$13,717	$1,372,802