Residence » TRAVEL DESTINATION NEWS » Bidding for Prestigious Key West Property Begins at $8.5 Million as A part of Sotheby’s Concierge Auctions’ Newest Occasion
Saturday, March 22, 2025
Sotheby’s Concierge Auctions has revealed that the bidding for a shocking oceanfront property, located on the southernmost level of the U.S., has formally begun at $8.5 million. Initially listed at $18.5 million, this historic property in Key West as soon as served because the winter residence of well-known American artist John Seward Johnson II. The public sale will happen in partnership with Ellen Gvili of Ocean Sotheby’s Worldwide Realty. The ultimate reside bidding will conclude on March 31 by the corporate’s on-line platform, conciergeauctions.com.
Located at 400 South Avenue, this 4,008-square-foot concrete house rests on a 17,243-square-foot lot, complemented by almost an acre of bay backside and 245 ft of waterfront with breathtaking views of the Atlantic Ocean. The property options expansive balconies, a 50-by-20-foot pool, and ample lounge areas, all surrounded by lush tropical landscaping. With approval from the U.S. Military Corps of Engineers to rebuild a personal dock, this house is a perfect retreat for boating aficionados.
Inside, the formal front room captures the essence of basic Key West model, resulting in a sunlit Florida room with floor-to-ceiling sliding glass doorways that open on to the outside. The first suite, together with two visitor bedrooms—accessed by an elevator—every open to a beneficiant balcony providing uninterrupted ocean vistas. The house’s design is highlighted by sealed coral stone flooring, subtle architectural parts, and an open-concept format that enhances its timeless attraction.
This property additionally boasts a wealthy cultural heritage as the previous residence of John Seward Johnson II, the grandson of Robert Wooden Johnson I, co-founder of Johnson & Johnson, and the founding father of New Jersey’s Grounds For Sculpture. Famend for his life-sized trompe-l’œil bronze sculptures that depict on a regular basis moments, Johnson’s works are displayed in public areas globally, including to the legacy of the house.
“This property is one of Key West’s most iconic estates,” mentioned Gvili. “Its elegance is unmatched, from the sophisticated architectural details to the expansive oceanfront views. Situated at the southernmost point of the U.S. and once home to artist John Seward Johnson II, the house seamlessly blends timeless charm with history and luxury. It’s a rare opportunity—whether as a private sanctuary or a development opportunity, the estate offers great potential in one of the most coveted locations in the Keys.”
The property combines opulent options with the additional advantage of a transient license, making it a wonderful alternative for short-term leases. Moreover, the property provides multifamily zoning, permitting for the event of as much as eight residential items, additional growing its funding potential.
Located in a main location close to the perfect of Key West, this property is just a brief stroll from the Southernmost Level buoy and Southernmost Seashore, house to a well known beachside eatery. Key West provides an ideal mixture of historic appeal and splendid island dwelling, with its iconic Conch-style properties, grand Victorian mansions, lush tropical gardens, and the energetic streets of Previous City, that are lined with galleries, retailers, and eating places.
The realm provides a classy but laid-back way of life, with actions like crusing, fishing, snorkeling, and diving simply minutes away. Well-known landmarks such because the Ernest Hemingway Home, Key West Lighthouse, and the bustling Duval Avenue are close by. The island’s gorgeous sunsets and vibrant arts tradition full the picturesque expertise.
For extra visuals of the property, go to conciergeauctions.com. Picture credit are attributed to Florence Nebbout.
In partnership with Giveback Houses, Sotheby’s Concierge Auctions’ Key for Key® program will contribute to constructing new properties for households in want upon closing.
Actual property brokers will obtain compensation based mostly on the Itemizing Settlement’s phrases and circumstances. Please discuss with the Public sale Phrases and Circumstances for additional info.
