Skip main navigation
For salePrice cut: $955K (3/18)
$8,995,000
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
$1,727 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 ...

170 days
|
3,363
|
131
|
Source: FLKMLS,MLS#: 617329MLS LogoOriginating MLS: Key West Association
Travel times

Living Room

Kitchen

Primary Bedroom

Zillow last checked: 7 hours ago

Listing updated: April 23, 2026 at 09:14am

Listed by:

Lisa Swanson 305-924-3777,

The Agency Florida Keys

Source: FLKMLS,MLS#: 617329MLS LogoOriginating MLS: Key West Association

Facts & 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: $1,727/sqft
  • Tax assessed value: $5,569,095
  • Annual tax amount: $42,587
  • Date on market: 11/15/2025
  • Listing terms: Cash,Conventional

Price history

DateEventPrice
3/18/2026Price change$8,995,000-9.6%$1,727/sqft
Source: Key West AOR #617329 Report a problem
11/15/2025Listed for sale$9,950,000+46.3%$1,911/sqft
Source: Key West AOR #617329 Report a problem
6/14/2024Sold$6,800,000-9.3%$1,306/sqft
Source: Key West AOR #609579 Report a problem
5/18/2024Pending sale$7,499,000$1,440/sqft
Source: FLKMLS #609579 Report a problem
4/30/2024Contingent$7,499,000$1,440/sqft
Source: Key West AOR #609579 Report a problem
4/12/2024Listed for sale$7,499,000-6.2%$1,440/sqft
Source: Key West AOR #609579 Report a problem
4/1/2024Listing removed--
Source: Key West AOR #605640 Report a problem
12/15/2023Listed for sale$7,995,000$1,535/sqft
Source: Key West AOR #605640 Report a problem
11/7/2023Contingent$7,995,000$1,535/sqft
Source: Key West AOR #605640 Report a problem
10/10/2023Listed for sale$7,995,000$1,535/sqft
Source: Key West AOR #605640 Report a problem
7/12/2023Contingent$7,995,000$1,535/sqft
Source: Key West AOR #605640 Report a problem
6/12/2023Listed for sale$7,995,000-11.1%$1,535/sqft
Source: Key West AOR #605640 Report a problem
5/23/2023Listing removed--
Source: FLKMLS #604665 Report a problem
3/22/2023Listed for sale$8,990,000$1,726/sqft
Source: FLKMLS #604665 Report a problem
3/22/2023Listing removed--
Source: Key West AOR #600222 Report a problem
8/5/2022Price change$8,990,000-9.2%$1,726/sqft
Source: Key West AOR #600222 Report a problem
6/17/2022Price change$9,900,000-16.8%$1,901/sqft
Source: Key West AOR #600222 Report a problem
3/21/2022Listed for sale$11,900,000+170.5%$2,285/sqft
Source: Key West AOR #600222 Report a problem
2/19/2021Sold$4,400,000-1.5%$845/sqft
Source: FLKMLS #589844 Report a problem
1/9/2021Contingent$4,469,000$858/sqft
Source: FLKMLS #589844 Report a problem
9/11/2020Price change$4,469,000-0.2%$858/sqft
Source: Coldwell Banker Schmitt RE Co. Lower Keys Office #589844 Report a problem
9/4/2020Price change$4,479,000-0.2%$860/sqft
Source: Coldwell Banker Schmitt RE Co. Lower Keys Office #589844 Report a problem
7/20/2020Price change$4,489,000-0.2%$862/sqft
Source: Coldwell Banker Schmitt RE Co. Lower Keys Office #589844 Report a problem
2/17/2020Listed for sale$4,499,000-9.1%$864/sqft
Source: Coldwell Banker Schmitt RE Co. Lower Keys Office #589844 Report a problem
9/30/2016Listing removed$4,950,000$950/sqft
Source: Realty Executives Key West #123153 Report a problem
8/22/2016Price change$4,950,000-6.6%$950/sqft
Source: Realty Executives Key West #123153 Report a problem
4/7/2016Listed for sale$5,300,000+71%$1,018/sqft
Source: Realty Executives Key West #123153 Report a problem
10/23/2014Sold$3,100,000+6.9%$595/sqft
Source: Public Record Report a problem
6/28/2005Sold$2,900,000+107.1%$557/sqft
Source: Public Record Report a problem
12/27/2004Sold$1,400,000$269/sqft
Source: Public Record Report a problem

Public tax history

YearProperty taxesTax 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%
2022$39,779 +39.9%$4,634,995 +56.5%
2021$28,431 +12.7%$2,962,567 +10%
2020$25,234 $2,693,243 -1.5%
2019$25,234 -1.9%$2,733,875 -9.8%
2018$25,722 -12.3%$3,032,147 -1.7%
2017$29,321 -0.9%$3,085,070 +5.9%
2016$29,582 +2.9%$2,914,513 +10.3%
2015$28,758 $2,641,715

Find assessor info on the county website

Monthly payment

Est. payment
$50,942/mo
Principal & interest
$44795
Property taxes
$6147
More affordability tools

    Estimated market value

    $8,032,700

    $7.63M - $8.51M

    $36,140/mo

    Climate risks

    Explore flood, wildfire, and other predictive climate risk information for this property on First Street®️.

    Neighborhood: 33042

    Nearby schools

    GreatSchools rating

        Nearby cities

        Nearby zip codes

        Other Summerland Key Topics

          Search
          Updates
          Favorites
          Home Loans
          Inbox