5551 2nd Ave, Key West, FL 33040 Property Records

Monroe County property record for 5551 2nd Ave, Key West, FL 33040

Property Summary

Property Type	Warehouse, Storage
Details	3,750 sqft · built 1978
Lot Size	0.287 acres (12,500 sqft)
Owner	Company Name on File
Last Sale	$275,000 (Jul 2005)
Tax Bill	$8,963 (2025)
Deeds & Mortgages	Sep 2026 Mortgage Oct 2020 Line of Credit + 1 more
Flood Zone	Zone AE (high risk)
APN	`00125380-000300`

Property Details

APN / Parcel Number

Primary APN	`00125380-000300`
Alternative APNs	`35672500125380000300` `1159549`

Interior

Stories	3 Stories
Building Area	3,750 sqft Gross Area
1st Floor Area	3,750 sqft

Exterior

Year Built	Built 1978
Effective Year Built	Effective 1985
Exterior Material	Metal Siding
Construction Type	Metal Frame
Fire Resistance	Wood or Wood & Steel Frame
Roof Material	Other
Lot Area	12,500 sqft (0.287 acres)
Lot Dimensions	125 ft deep x 100 ft wide

Exterior Amenities

Porch	Slab
Porch Area	84 sqft
Deck Area	360 sqft
Patio Area	360 sqft
Canopy	700 sqft

Utilities, Heating & Cooling

Cooling System	Wall Unit

Location & Zoning

Account Number	1159549
Street Address	5551 2ND AVE
City	KEY WEST
State	FL
Zip	33040-5945
Property Category	Industrial
Property Type	Industrial > Warehouse, Storage
Local Zoning Code	MU
Legal Description	STOCK ISLAND MALONEY SUB PB1-55 PART SQR 41 OR561-645 OR581-698 OR2130-1127/28 OR2143-314/15C
Legal Range	25E
Legal Township	67S
Legal Section	35
Legal Subdivision	STOCK ISLAND MALONEY SUB
Legal Block	41
Jurisdiction	MONROE FL
Township / Civil Division	KEY WEST
Census Block Group	2
Census Block	2018
Census Tract	971800

Owner

5551 2nd Ave, an industrial property, is owned by a company that bought it in July 2005.

Source: Monroe County records, as of October 13, 2026

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Owner of Record	Company Name on File
Mailing Address	1415 ATLANTIC BLVD, KEY WEST, FL 33040-5003
Owner Type	Company
Vesting	Limited Liability Partnership

Deeds, Mortgages & Sale History

Date	Document
Sep 18, 2026	Warranty Deed, Transfer · Conventional Mortgage FIRST STATE BANK
Oct 15, 2020	Deed of Trust, Mortgage · Line of Credit FIRST STATE BANK OF THE FLORIDA KEYS
Jul 1, 2020	Deed of Trust, Mortgage · Line of Credit FIRST ST BK/FL KEYS

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Jul 6, 2005 · Amount on File
Deed Sale	Jul 6, 2005 · Amount on File
Prior Sale	May 1, 2000 · Amount on File
Deed Document Number	20051527121
Deed Book / Page	2130 / 1127
Prior Transfer Date	Jun 29, 2005
Prior Transfer Doc	0021301127
Record Updated	Oct 29, 2026

September 2026: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	MONROE FL
Recording Date	Sep 18, 2026
Property Address	5551 2ND AVE, KEY WEST, FL 33040-5945
Document Number	0002561075
Book / Page	3403 / 229
Instrument Date	Sep 17, 2026
Instrument	20262561075
Transaction Type	Transfer
Record Updated	Sep 29, 2026
Title Company	NONE LISTED ON DOCUMENT

Transaction

Tax	$0.00
Amount Accuracy	Full Amount Stated
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Limited Liability Partnership
Address	1415 ATLANTIC BLVD, KEY WEST, FL 33040-5003

Mortgage

Document Number	0002561078,
Date	Sep 18, 2026
Book Page	3403/235
Instrument	20262561078

Lender

Name	FIRST STATE BANK

Agreement

Type	Conventional Mortgage
Amount	Amount on Record
Term	60 Months
Due	Jul 17, 2031

Interest

Rate Type	Adjustable Rate
Initial Type	Adjustable Rate
Adjustable	Adjustable Rate Rider
Max Rate	-1%

October 2020: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MONROE FL
Property Address	5551 2ND AVE, KEY WEST, FL 33040-5945
Transaction Type	Mortgage
Record Updated	Feb 5, 2021

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0030501179
Date	Oct 15, 2020
Book Page	3050/1179
Instrument	2286196

Lender

Name	FIRST STATE BANK OF THE FLORIDA KEYS
Type	Bank
Address	KEY WEST, FL 33041

Agreement

Type	Line of Credit
Amount	Amount on Record
Term	36 Months
Due	Oct 14, 2023

Interest

Rate Type	Adjustable Rate
Change Frequency	Monthly

July 2020: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MONROE FL
Property Address	5551 2ND AVE, KEY WEST, FL 33040-5945
Document Number	0030300086
Instrument Date	Jul 1, 2020
Transaction Type	Mortgage
Record Updated	Aug 24, 2020
Title Company	NOT AVAILABLE

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Husband and Wife
Address	5551 2ND AVE KEY WEST FL 330405945, KEY WEST, FL 33040-5945

Mortgage

Document Number	0030300086
Date	Jul 2, 2020
Book Page	003030/000086
Instrument	2271806

Lender

Name	FIRST ST BK/FL KEYS
Type	Bank
Address	KEY WEST, FL 33041-1526

Agreement

Type	Line of Credit
Amount	Amount on Record
Term	60 Months
Due	Jul 1, 2025

Interest

Rate Type	Adjustable Rate

Tax Assessment & Valuation

The 2025 property tax bill for 5551 2nd Ave was $8,963, up 40.9% from the year before.

Source: Monroe County assessment roll, as of December 8, 2025

Property Jurisdictions

Type	Name
State	Florida
County	Monroe County
Unified School District	Monroe County School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$8,963.00 (+40.95%)	$1,663,419 Land $1,395,280 Building $268,139	$1,663,419 Land $1,395,280 Building $268,139
2024	$6,359.00 (+5%)
2023	$6,056.00 (+20.61%)	$958,740 (+37.74%) Land $825,609 Building $133,131	$958,740 (+37.74%) Land $825,609 Building $133,131
2022	$5,021.00	$696,030 Land $550,406 Building $145,624	$696,030 Land $550,406 Building $145,624

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

FEMA maps place 5551 2nd Ave in Zone AE, a high-risk flood area; flood insurance is required for federally backed loans.

Source: FEMA National Flood Hazard Layer, effective September 24, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone AE high risk
100-Year Floodplain	Yes 1% annual chance
Floodway	No
Base Flood Elevation	8.0 ft
Flood Insurance Requirement	Required federally backed loans
Flood Insurance Cost	Premium on File median of 228 policies
Community Rating System	Class 3 (35% premium discount)
Nearby Flood Policies	228 in force
Nearby Flood Claims	386 (1980–2022)
Claims Outside the SFHA	4 of 386
Most Recent Claim	Sep 2022 · Hurricane Ian
Claims by Event	Hurricane Irma, Sep 2017 · 71 claims Hurricane Wilma, Oct 2005 · 174 claims Hurricane Georges, Sep 1998 · 94 claims

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

The area around 5551 2nd Ave has no burnable land within ember reach, so its wildfire risk is not rated.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Not rated no burnable land within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Internet Providers

Source: FCC Broadband Data Collection, based on 337 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Xfinity Cable	2,000 / 250

May also be available: AT&T, Hotwire Communications, Verizon.

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