For sale

$595,000

Est. $3,965/mo —

Land

•

6,000

sq ft (lot)

28587 Peg Leg Rd, Summerland Key, FL 33042

About this home

Canal-front vacant land with a building permit already in process -- Permit #SFDUP-2025-0096, holding 41.5 ROGO points, buy and build later. Plans are drawn for a 3,497 square-foot, four-bedroom, three-bathroom residence with a rooftop terrace offering open ocean views. Dock and full architectural plans are included. A local builder is ready to build to the buyer's specifications, with price and terms to be negotiated. Located on Little Torch Key, just 28 miles from Key West, with quick no-bridge access to open water. Buy now, build on your timeline.

Vacant landProperty Type

6,000 sq ftLot Size

$99Price/Sq.Ft.

Listed by Claudette Mell • Ocean Sotheby's International Realty

Listing updated: Jul 2, 2026 at 12:08pm

Redfin checked: 3 minutes ago

•Source:FLKMLS #620488

Payment calculator

$3,965 per month

Principal and interest$3,127

Property taxes

$74

HOA dues

Home insurance

$764

Utilities

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Around this home

Schools

K - 12
Preschool & daycare

Sugarloaf School

Public PreK-8 • Assigned • 9.0mi

6/10

Key West High School

Public 9-12 • Assigned • 25.6mi

4/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Property details

Interior
Exterior
Finance

Interior features
On waterfront
Open water view
Ocean view

Sale and tax history for 28587 Peg Leg Rd

Sale History
Tax History

Date

Event

Price

FLKMLS #620488

Jul 1, 2026

Listed

$595,000

FLKMLS #615949

Jun 28, 2026

Listing Removed

—

May 22, 2026

Price Changed

$685,000

Feb 27, 2026

Price Changed

$695,000

Jul 26, 2025

Listed

$745,000

FLKMLS #612563

Feb 27, 2025

Sold

$190,000

Dec 9, 2024

Relisted

—

Dec 6, 2024

Listed

$200,000

+15

Dreaming of Paradise? Your Slice of Waterfront Heaven Awaits! Escape to your very own piece of paradise on Little Torch Key, where the turquoise waters of the Florida Keys meet endless possibilities. This prime waterfront vacant lot offers the perfect canvas to create your tropical oasis. Why This Lot is a Must-Have: 1)Breathtaking Views: Wake up to stunning sunrises and relax with mesmerizing sunsets over crystal-clear waters. 2) Boater's Delight: Direct access to the Gulf and Atlantic—ideal for fishing, sailing, and kayaking. 3) Build Your Dream Home: Customize your perfect island retreat. Plenty of room for a pool, tiki hut, or lush landscaping. 4) Peaceful Location: Nestled in a quiet, upscale neighborhood with a laid-back island vibe. 5) Close to Amenities: Just minutes from boutique shops, waterfront dining, and world-class diving spots like Looe Key Reef. Whether you're looking to build a vacation getaway, a full-time residence, or an investment property, this vacant lot is a rare gem in the Keys. With two lots next door to each other, buy both and build your Ultimate Dream Home. Make your island dream a reality NOW!!!

Public record

Public record
Zoning

Beds

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Stories

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Lot width

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Lot depth

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Lot size

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Year renovated

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Finished Sq. Ft.

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Unfinished Sq. Ft.

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Total Sq. Ft.

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Year built

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Style

Vacant Land

County

Monroe County

APN

00216770-000000

Parking Spaces

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Basement

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Accessible

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HOA Dues

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Garage

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Features

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Last updated by owner on Dec 6, 2024.

III

Improved Subdivision District

The purpose of the IS district is to accommodate the legally vested residential development rights of the owners of lots in subdivisions that were lawfully established and improved prior to the adoption of this LDC. For the purpose of this section, improved lots are those that are served by a dedicated and accepted existing road of porous or nonporous material, that have an approved potable water supply, and that have sufficient uplands to accommodate the proposed use in accordance with the required setbacks. This district is not intended to be used for new land use districts of this classification within the county.

Zone overlays

Tier III Overlay District

Permitted uses

Include but are not limited to:

Housing-Multiple units
Infrastructure

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

Heat Factor

We're working on getting current and accurate heat risk information for this home.

10/10 Wind Factor

99% chance of strong winds in next 30 years

1/10 Air Factor

0 unhealthy days expected this year, 0 days in 30 years

Provided by First Street

Historical weather

Summerland Key, FL • 33042

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

91/ 100

Exceptional sunlight

Sunscore

There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

7.9 hrs

6.1 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 28587 Peg Leg Rd

$551,440

$44K under list price of $595K

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $590K to $815K.

SOLD MAY 11, 2026
$750,000 Last sold price
2 beds2 baths984 sq ft
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SOLD JUN 2, 2026
$595,000 Last sold price
3 beds2 baths1,104 sq ft
27147 Dolphin Rd, Ramrod Key, FL 33042
larger lot
SOLD MAY 18, 2026
$720,000 Last sold price
3 beds2 baths1,410 sq ft
28151 Helen Ave, Little Torch Key, FL 33042
SOLD APR 17, 2026
$720,000 Last sold price
3 beds2 baths1,062 sq ft
630 Barry Ave, Little Torch Key, FL 33042
larger lot
SOLD JUN 10, 2026
$815,000 Last sold price
2 beds2 baths1,592 sq ft
27369 Saint Vincent Ln, Ramrod Key, FL 33042
SOLD JUN 1, 2026
$590,000 Last sold price
3 beds1 bath960 sq ft
1258 Division St, Big Pine Key, FL 33043
larger lot

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