October 17, 2019

Want to buy an island? At least eight are for sale in the Florida Keys

| 10/6/2019

In 2017, Realtor Patti Stanley sold a 40-acre private island off Lower Matecumbe Key for $13.8 million.

Parmelee Key, a horseshoe shaped island that juts out into Florida Bay at mile marker 75, had been privately owned since the 1950s. It had a moment of fame when it was chosen as one of the music video locations for Jennifer Lopez’s 2017 hit “Ni Tú Ni Yo.”

That same year, the Islamorada Village Council and the state Department of Economic Opportunity cleared the way for 10 houses on the island. Developers are now in the process of building homes there, Stanley said.

Now, another one of Stanley’s listings is making a splash: a 16-acre island connected to Upper Matecumbe Key by a 2,000-foot driveway. It’s known as Terra’s Key and has been on the market since May, with an asking price of $17 million.

Read more from the Miami Herald.

Tags: Real Estate

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