WSJ INVESTIGATION Coastal Private Rights Ledger

Private Beach Key & Enclave Access Rights Market Simulator

Pelican Key Cadastral Survey & Easement Corridors

18 Deeded Lots | 6 Oceanfront | 12 Interior
Oceanfront Riparian
Interior (Bundled Key)
Severed / Keyless
Dune Buffer
Boardwalk Corridor
Direct Action: Click any lot to trace easement deed

Cadastral Inspector & Unbundling Simulator

Dominant Tenement
LOT-14B Interior Cottage Parcel
Grandfathered Key #14
Lot Area: 8,400 sqft | Linear Beach Frontage: 0 ft (540 ft via Corridor A)
PARCEL VALUE W/ BUNDLED KEY
$2,820,000
$335.71 / sqft
PARCEL VALUE W/O KEY
$2,175,000
Stripped Interior Land
AUCTION CLEARING PRICE
$645,000
Standalone Key Liquidity
KEY PREMIUM PERCENTAGE
29.65%
+29.65% parcel markup
DEEDED EASEMENT CLAUSE (Liber 408, Folio 192) Appurtenant Covenant
"...together with a perpetual right of ingress, egress, and private recreational passage across Ocean Boardwalk Way to the mean high-water mark, subject to grandfathered brass physical gate key possession. By-law § 4(b): 'Said access rights shall not be alienated, sub-divided, or severed from the dominant fee simple estate except upon unanimous approval of the Enclave Access Syndicate'..."

Beach Rights Title & Valuation Memorandum

Formal Cadastral Assessment prepared pursuant to WSJ Barrier Island Private Coastal Rights Inquiry

DOC REF: PK-2026-LOT14B-EASMT
Subject Tenement Identity

Lot 14B, Block 4, Pelican Key Barrier Enclave. 8,400 sqft fee simple residential parcel with deeded rights over Boardwalk Passage A.

Appraised Key Value Spread

Bundled Fee: $2,820,000 | Stripped Base: $2,175,000 | Net Key Clearing Price: $645,000 (29.65% premium over unbundled baseline).

Severability & Risk Grade

Status: severable_via_amended_easement. Litigation vulnerability graded medium_high under strict lineal succession bylaw restrictions.

Transfer Mechanism Consequence

Under unbundled_market_auction, easement is detached from dominant estate, triggering title escrow fees and neighbor syndicate opposition.

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