Florida Keys Off-Grid Island Lists for $17M
Why Terra’s Key Costs $17M Terra’s Key commands a $17 million ask because it combines extreme scarcity, prime Islamorada positioning, and estate-grade improvements in a market where comparable private islands are limited. At roughly 16 acres, the island represents an unusually large private holding in the Florida Keys. It also had not traded for more than 25 years before listing. That long gap reinforces market perception of rarity. It also supports premium pricing tied to legacy ownership. The property is being marketed as a private island in Islamorada with amenities including a five-bedroom house, pool, cabana, tennis court, boat slip and helicopter pad. Buyer appetite for secure waterfront estates remains strong, especially for properties offering privacy features and direct boating access. Pricing Pressures in a Thin Market Its Islamorada setting at Mile Marker 79.9 adds a strong location premium. Car access via a long bridge connection creates a rare blend of privacy and conven...