Welcome to 49 Blue Water Drive, located in the beautiful and peaceful community of Saddlebunch Key!
Built in 2022, this stunning three-bedroom, two-bathroom waterfront home offers the perfect combination of modern comfort and laid-back Florida Keys living. Situated on a beautiful boating canal, this property is truly a boater's paradise!
The thoughtfully designed split floor plan provides privacy for everyone, while hurricane-impact windows and doors offer peace of mind and potential savings on insurance costs. With plenty of parking for your vehicles, boats, and all your Florida Keys toys, this home is designed for enjoying the island lifestyle.
Boating enthusiasts will love the impressive 40-foot composite dock, complete with a 10,000-pound boat lift, making it easy to get out on the water and enjoy everything the Florida Keys have to offer.
Located just minutes from the excitement, restaurants, and entertainment of Key West, yet far enough away to enjoy the peace and tranquility of island living, this home truly offers the best of both worlds.
If you've been searching for that authentic Old Florida Keys charm with all the comforts and conveniences of modern construction, you've found it at 49 Blue Water Drive in Saddlebunch Key!
Come experience the waterfront lifestyle you've been dreaming of. Call today to schedule your private showing!
New construction
$1,100,000
49 Blue Water Dr, Saddlebunch Key, FL 33040
3beds
1,404sqft
Single Family Residence
Built in 2022
5,227 Square Feet Lot
$1,062,100 Zestimate®
$783/sqft
$-- HOA
What's special
Three-bedroom two-bathroom waterfront homeHurricane-impact windows and doors
- 31 days
- 470
- 35
Zillow last checked:
Listing updated:
Listed by:
Bobby W Coe IV 305-363-9665,
RE/MAX Keys Connection (KW)
Source: FLKMLS,MLS#: 621601
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Central
Cooling
- Central Air, Ceiling Fans(s)
Appliances
- Included: Dishwasher, Refrigerator, Oven, Microwave
Features
- Built-in Features
- Has fireplace: No
Interior area
- Total structure area: 1,404
- Total interior livable area: 1,404 sqft
Property
Parking
- Parking features: Open
- Has uncovered spaces: Yes
Features
- Patio & porch: Patio
- On waterfront: Yes
Lot
- Size: 5,227 Square Feet
Details
- Parcel number: 00159760000000
- Zoning: IS - Improved Subivision District
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Modular
Condition
- New Construction
- New construction: Yes
- Year built: 2022
Utilities & green energy
- Utilities for property: Water Separate Meter
Community & HOA
Community
- Subdivision: Saddlebunch Shores (14.0)
HOA
- Has HOA: No
- Services included: None
Location
- Region: Saddlebunch Key
Financial & listing details
- Price per square foot: $783/sqft
- Tax assessed value: $887,289
- Annual tax amount: $7,882
- Date on market: 10/12/2026
Estimated market value
$1,062,100
$1.01M - $1.12M
$5,037/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/12/2026 | Listed for sale | $1,100,000+31%$783/sqft |
Source: | ||
| 10/7/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 9/16/2023 | Listed for rent | $7,500$5/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/1/2022 | Sold | $840,000-6.6%$598/sqft |
Source: | ||
| 6/25/2022 | Contingent | $899,000$640/sqft |
Source: | ||
| 6/14/2022 | Price change | $899,000-5.3%$640/sqft |
Source: | ||
| 6/10/2022 | Listed for sale | $949,000$676/sqft |
Source: | ||
| 6/2/2022 | Contingent | $949,000$676/sqft |
Source: | ||
| 5/29/2022 | Price change | $949,000-2.6%$676/sqft |
Source: | ||
| 5/19/2022 | Price change | $974,000-0.5%$694/sqft |
Source: | ||
| 5/2/2022 | Price change | $979,000-2%$697/sqft |
Source: | ||
| 3/30/2022 | Listed for sale | $999,000+11.1%$712/sqft |
Source: | ||
| 12/20/2021 | Contingent | $899,000$640/sqft |
Source: | ||
| 12/18/2021 | Price change | $899,000+5.9%$640/sqft |
Source: | ||
| 9/22/2021 | Listed for sale | $849,000+277.3%$605/sqft |
Source: | ||
| 7/23/2021 | Sold | $225,000-15.1%$160/sqft |
Source: | ||
| 6/25/2021 | Contingent | $265,000$189/sqft |
Source: | ||
| 3/23/2021 | Price change | $265,000-3.6%$189/sqft |
Source: | ||
| 3/23/2021 | Listed for sale | $275,000$196/sqft |
Source: | ||
| 3/10/2021 | Listing removed | -- |
Source: | ||
| 12/18/2020 | Price change | $275,000+10%$196/sqft |
Source: | ||
| 12/15/2020 | Price change | $250,000-10.4%$178/sqft |
Source: Keller Williams Key West Compass Realty #593759 Report a problem | ||
| 10/15/2020 | Price change | $279,000-6.7%$199/sqft |
Source: Keller Williams Key West Compass Realty #592410 Report a problem | ||
| 9/5/2020 | Listed for sale | $299,000-27.3%$213/sqft |
Source: Keller Williams Key West Compass Realty #592410 Report a problem | ||
| 2/15/2005 | Sold | $411,000$293/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,883 +3.2% | $887,289 +7.7% |
| 2024 | $7,640 +12.5% | $823,644 +10% |
| 2023 | $6,793 +206.3% | $748,767 +258.6% |
| 2022 | $2,218 +136.1% | $208,786 +288.8% |
| 2021 | $939 +57.5% | $53,697 +10% |
| 2020 | $596 | $48,815 -46.7% |
| 2019 | $596 +4.9% | $91,558 +10% |
| 2018 | $569 +7.5% | $83,234 |
| 2017 | $529 +5.1% | $83,234 +45.9% |
| 2016 | $503 +23.4% | $57,061 +20.6% |
| 2015 | $408 | $47,319 |
Find assessor info on the county website
Monthly payment
Est. payment




