Island Life, unequalled waterfront sunsets, ocean breezes and crystal clear waters. And you can drive to your Caribbean Island Escape! This location is exceptional on all fronts, more than 2X the avg lot size, a craftsman remodeled 3/2 converted to a 2/2 with a spacious convertible home office, gorgeous high quality materials throughout, including Walnut Engineered Flooring, Brazilian Quartzite Countertops, Chef's Kitchen & Luxurious Main Bath. Welcome the Sunrise from the East Balcony and celebrate the sunsets from the West Observation deck, over 644 Sqft of additional enclosed utility/storage space, Outdoor Dipping Pool, Dock, Boat ramp, 2x Outdoor showers (pool & Dock), 20x20 detached Workshop, Space for Boat & RV Parking with full hookup. Minutes from the vibrant phenom, Key West and a 5 minute walk from the County Bayfront Park and Boat ramp. This property is the definition of move in ready, recently replaced appliances and equipment, high speed internet both wired and wireless ready for the most sophisticated AV/IT systems. The quality of this property allows you the luxury of deciding whether to make this your forever home or take advantage of premium long term rental income, or a combination.*None of the pictures are AI generated.
Under contract
$1,235,000
56 Bay Dr, Key West, FL 33040
3beds
1,372sqft
Single Family Residence
Built in 1978
0.4 Acres Lot
$1,160,700 Zestimate®
$900/sqft
$-- HOA
What's special
Ocean breezesWaterfront sunsetsEast balconyBoat rampDetached workshopBrazilian quartzite countertopsSpacious convertible home office
- 269 days |
- 154 |
- 2 |
Zillow last checked:
Listing updated:
Listed by:
Stephanie Lynn Wise 305-563-0073,
Keller Williams Key West Compass Realty,
Thomas E Bleckley 954-812-1822,
Keller Williams Key West Compass Realty
Source: FLKMLS,MLS#: 616825
Originating MLS: Key West Association
Originating MLS: Key West AssociationFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Cooling
- Central Air, Ceiling Fans(s)
Appliances
- Included: Washer, Stainless Steel Appliance(s), Wine Cooler, Gas Appliances, Freezer, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
Features
- Entrance Foyer, Brazilian Quartzite Countertops, Other, Storage, Utility Room
- Flooring: Tile, Combination, Wood
- Doors: Impact Rstnce Doors
- Windows: Impact Rstnce Window
Interior area
- Total interior livable area: 1,372 sqft
Property
Parking
- Total spaces: 4
- Parking features: Garage, Trailer Storage, RV Parking Open, Off Street, Guest, Open, Attached, Carport
- Has garage: Yes
- Has carport: Yes
- Has uncovered spaces: Yes
Features
- Patio & porch: Open Porch/Balcony, Deck, Patio
- Exterior features: Storage, Outdoor Shower
- Has private pool: Yes
- Pool features: Above Ground, Concrete
- Fencing: Fenced
- Has view: Yes
- View description: Bay/Gulf View, Water, Canal
- Has water view: Yes
- Water view: Bay/Gulf View,Water,Canal
- Waterfront features: Oceanfront, Canal Front, Bay Front, Waterfront, Dock: Other, Dockage: Boat Ramp
Lot
- Size: 0.4 Acres
- Features: 1/4 - 1/2 Acre
Details
- Additional structures: Workshop, Shed(s)
- Parcel number: 00160570000000
- Zoning: IS
- Zoning description: Improved Subivision District
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Frame, Combo Construction, Stucco
- Roof: Metal
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1978
Utilities & green energy
- Sewer: Municipal Sewer, Public Sewer
- Utilities for property: FKAA, Buyer to Verify
Community & HOA
Community
- Features: Community Boat Ramp, Bike Paths, Other, Tennis Court(s)
- Security: Smoke Detector(s), On Premises System, Other
- Subdivision: Bay Point Amd & 1st (15.0)
HOA
- Has HOA: No
- Services included: None
Location
- Region: Key West
Financial & listing details
- Price per square foot: $900/sqft
- Tax assessed value: $1,233,417
- Annual tax amount: $7,446
- Date on market: 10/10/2025
- Listing terms: Seller Finance Psble,Cash,FHA,VA Loan,Conventional
Estimated market value
$1,160,700
$1.10M - $1.22M
$4,781/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/2/2026 | Contingent | $1,235,000$900/sqft |
Source:  FLKMLS #616825 Report a problem | ||
| 3/13/2026 | Price change | $1,235,000-2.8%$900/sqft |
Source:  Key West AOR #616825 Report a problem | ||
| 2/27/2026 | Price change | $1,270,000-1.9%$926/sqft |
Source: Key West AOR #616825 Report a problem | ||
| 10/10/2025 | Listed for sale | $1,295,000-7.4%$944/sqft |
Source: FLKMLS #616825 Report a problem | ||
| 8/1/2025 | Listing removed | $1,399,000$1,020/sqft |
Source: FLKMLS #610522 Report a problem | ||
| 3/13/2025 | Contingent | $1,399,000$1,020/sqft |
Source: Key West AOR #610522 Report a problem | ||
| 2/19/2025 | Price change | $1,399,000-3.5%$1,020/sqft |
Source: Key West AOR #610522 Report a problem | ||
| 1/31/2025 | Price change | $1,449,000-0.3%$1,056/sqft |
Source: FLKMLS #610522 Report a problem | ||
| 6/22/2024 | Listed for sale | $1,453,000+401.2%$1,059/sqft |
Source: Key West AOR #610522 Report a problem | ||
| 11/4/2011 | Listing removed | $289,900$211/sqft |
Source: isNowListed.com Report a problem | ||
| 11/2/2011 | Listed for sale | $289,900-5.6%$211/sqft |
Source: isNowListed.com Report a problem | ||
| 3/4/2011 | Sold | $307,125-19.6%$224/sqft |
Source: FLKMLS #113292 Report a problem | ||
| 1/16/2011 | Listed for sale | -- |
Source: Auction.com #533664 Report a problem | ||
| 7/30/2002 | Sold | $382,000+2.6%$278/sqft |
Source: Public Record Report a problem | ||
| 2/8/2002 | Sold | $372,500+67.8%$272/sqft |
Source: FLKMLS #90980 Report a problem | ||
| 2/26/2001 | Sold | $222,000$162/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,153 +9.5% | $848,136 +10% |
| 2024 | $7,446 -1.4% | $771,033 +10% |
| 2023 | $7,550 +17.5% | $700,939 +10% |
| 2022 | $6,423 +10.7% | $637,217 +10% |
| 2021 | $5,802 +7.3% | $579,288 +10% |
| 2020 | $5,407 | $526,625 +10% |
| 2019 | $5,407 +11.8% | $478,750 +1.3% |
| 2018 | $4,836 +0.2% | $472,723 -1.8% |
| 2017 | $4,828 +5.9% | $481,520 +3.8% |
| 2016 | $4,559 +3.9% | $464,062 +6.6% |
| 2015 | $4,389 | $435,534 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 33040
Nearby schools
GreatSchools rating
- 6/10Sugarloaf SchoolGrades: PK-8Distance: 4.8 mi
- 4/10Key West High SchoolGrades: 9-12Distance: 12.5 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Florida
- Monroe County
- Key West
- 33040
- 56 Bay Dr
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