$8,995,000
16750 Old State Road 4aSummerland Key, FL 33042
Blue Water Lagoon Estate” | Iconic 2.33-Acre Oceanfront Compound
- 6 bd
- 4 ba
- 5,208 sqft
- $1,727 /sqft
About this home
Famously featured in the film True Lies, "Blue Water Lagoon Estate" is a gated 2.33-acre oceanfront sanctuary offering 5,208 sq. ft. of luxury resort-style living in exclusive Sugarloaf Beach. A boater and angler’s dream, the protected 6-boat deep-water basin serves as the centerpiece of the waterfront, equipped with 25K and 16K boat lifts, a concrete boat ramp, a private sandy beach, and a composite observation deck. Outdoor entertaining reaches new heights around the lagoon-style heated and chilled saltwater pool with water features, an expansive tiki bar equipped with True refrigeration and ice makers, a firepit, and a full outdoor kitchen with Viking appliances. Inside, the light-filled upper level boasts a soaring Great Room with sweeping open-ocean vistas, a chef’s kitchen, and two oceanfront verandas. The private primary suite includes a dedicated office, sunroom, loft, and en-suite bath, complemented by two upstairs guest bedrooms and a separate lower-level living area with three additional bedrooms for ultimate guest privacy. Complete with a property-wide Sonos sound system, a 2-car garage with built-in fishing lockers, and a winding brick paver drive, this turnkey estate delivers world-class privacy, direct ocean access, and authentic Key West lifestyle.
Facts & features
- Property Type
- Single Family
- Beds
- 6
- Baths
- 4
- Half Baths
- 1
- Living Area
- 5,208 sqft
- Lot Size
- 2.33 acres
- Year Built
- 1959
Listed by Lisa Swanson · The Agency Florida Keys
Last updated Aug 11, 2026 · Listing information is deemed reliable but is not guaranteed.






