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Posted: Apr 23, 2023
Welcome to Sunset Key, Key West Florida



Sunset Key is a luxurious 27-acre island community and resort in Key West, FL. 
Formally known as Tank Island, Sunset Key is located about 500 yards off the
west coast of Key West.  The island is accessible only by a ferry boat that
operates from behind the Opal Resort and Marina Sunset Key consists of 88
residential parcels, tennis courts, a premium restaurant (L’Attitudes) and guest
properties operated by the Sunset Key Cottages. No cars, only golf carts. Max
Relax.



________________________________________________________________________________________

 

The three types of homes on the island include Beachfront with glorious north,
west and south-facing open water views, Waterfront with east-facing, Key West
Harbor water views, and beautifully tranquil Interior homes. As of today, there
are two homes for sale, both on the Waterfront side, with sale prices at
$4,995,000 and $6,600,000. Zero lots are for sale. In 2021, nine homes and one
lot Sold.  In 2022, five homes and one lot Sold.

 

Access to the island is controlled as people cannot visit the island without a
pass or being accompanied. Such security is an attribute that high profile
individuals from all over the world find attractive and highlights Sunset Key’s
unique lifestyle. Also, due to U.S. governmental regulations, the island and all
the amenities cannot be duplicated, making Sunset Key, Key West a very rare
jewel.



The Beginning




 

Sunset Key was originally known as Tank Island.  In response to the Cuban
Missile Crisis in the early 1960's, the US Navy began dredging the harbor area
along the west side of Key West. The purpose was two-fold; to build a fuel depot
(Tank Island) and to accommodate submarines and larger ships that were stationed
in or visiting the naval facilities in and around Key West.  

 

Nearly 10 million cubic feet of fill turned an existing sand bar in the harbor
into Tank Island.  The fuel depot was to have twelve 40' tall, 80' in diameter
fuel tanks (such as what you see at refineries and fuel depots).  Eight and ten
inch pipes were to carry fuel from Tank Island to the Navy ships berthed on the
west side of the island in an area now called Truman Annex.  Only two such tanks
were actually placed on the island. 

 

When the Cuban Missile Crisis was resolved the project was abandoned and Tank
Island was never used.



Sale and Construction


32 Sunset Key 6Bed/7Bath. 3635 SqFt.

 

In 1986, the Government Services Administration held an auction and sold Tank
Island and other mainland acreage (excess property owned by the US Navy) along
the harbor.  The two fuel tanks on Tank Island were dismantled in 1988, cut into
strips, cleaned and barged to make an artificial reef site in 200 feet of water
south of Key West.

 

In 1994 the island was renamed Sunset Key.  The new owners inserted smaller
pipes inside the existing, but never used, fuel lines to carry water and sewage.
Fiber optic cables were laid for telephone lines and cable television, and
armored electrical cables were laid alongside the pipes.

 

After subdividing the island into lots, construction began in earnest in 1998. 
All building materials were and are still boated in, usually on a special
barge.  The first homes built were owner occupied.  Sales began in 1999.



Today


32 Sunset Key. Sold for $7.85M.

 

Sunset Key is subdivided into 88 parcels.  The parent of Opal Resort and Marina,
Key West, Opal Collection, also owns numerous parcels on the east side of the
island, 7 acres in all, clustered around the luxurious L'Attitudes restaurant
and marina.  These beautiful Sunset Key Cottages contain one, two, three or four
bedrooms and are available for your exclusive holiday; a day, week, month and
anything in between.

 

Island services include L'Attitudes, The Spa at Sunset Key, a fitness room,
tennis courts, its own Fire Station and three beautiful beaches. The 24 hour
boat launch conveniently leaves every 15 minutes, either from Sunset Key or from
the dock behind the Margaritaville in Key West, and runs seven days a week.

 

51 Sunset Key. 3bed/3bath with 1984 sqft.

 

What about insurance on the island? Not only is insurance available; but, it can
even be less expensive than on the Mainland of Key West. This is due to the fact
that the island is higher in elevation from the initial dredge and fill
operations of the Navy, and that all the homes have been built to newer and more
stringent building codes.

 

A homeowner’s association is set up to protect the integrity and quality of the
lifestyle on Sunset Key, and to cover some basic expenses such as the Ferry
service, common area maintenance, beach maintenance, etc.

 

Sunset Key offers a lifestyle unparalleled in Key West, or anywhere else in
Florida. On the island, you can enjoy peaceful island living the way it was
meant to be. You have the on-island amenities of a four star resort or take the
ferry and enjoy Key West.

 

51 Sunset Key. Sold for $3.25M.

 

Sunset Key is the most exclusive residence in Key West.  Privacy, security and
luxury are built in to every aspect of the island. If you're searching for
premium, secure and relaxing island living, yet with only a 10 minute boat
shuttle to downtown Key West, look no further than Sunset Key.

 

If you have any comments or questions please contact me here.

 

Thanks and Good Luck!

 

Additional Sources:

Sunset Key Cottages
Opal Resort and Marina Key West
Opal Collection

2024 © John Parce Real Estate Key West