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Sold for $1,150,000
    • $1,150,000

    56 Bay Dr, Key West, FL 33040

    3beds
    1,372sqft
    Single Family Residence
    Built in 1978
    0.4 Acres Lot
    $1,150,100 Zestimate®
    $838/sqft
    $5,057 Estimated rent

    Home value

    $1,150,100

    $1.04M - $1.28M

    $5,057/mo

    Zestimate® history
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    What's special

    Ocean breezesWaterfront sunsetsEast balconyBoat rampDetached workshopBrazilian quartzite countertopsSpacious convertible home office
    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.

    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

    Bought with:

    Robert Bond, 3351821

    Future Home Realty, Inc.

    Source: FLKMLS,MLS#: 616825MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    Bedroom 2
    • Area: 132.84 Square Feet
    • Dimensions: 11.07 x 12
    Kitchen
    • Area: 437.01 Square Feet
    • Dimensions: 22.88 x 19.1
    Cooling
    • Central Air, Ceiling Fans(s)
    Appliances
    • Included: Washer, Dryer, Dishwasher, Refrigerator, Range, Oven, Microwave, Freezer, Gas Appliances, Wine Cooler, Stainless Steel Appliance(s)
    Features
    • Storage
    • Flooring: Tile, Wood, Combination
    Interior area
    • Total structure area: 1,372
    • Total interior livable area: 1,372 sqft

    Property

    Parking
    • Parking features: Attached, Open, RV Access/Parking, Storage
    • Has attached garage: Yes
    • Has uncovered spaces: Yes
    Features
    • Patio & porch: Open Porch/Balcony, Deck, Patio
    • Exterior features: Outdoor Shower, Storage
    • Has private pool: Yes
    • Pool features: Above Ground, Concrete
    • Fencing: Fenced
    • On waterfront: Yes
    Lot
    • Size: 0.4 Acres
    Details
    • Additional structures: Shed(s)
    • Parcel number: 00160570000000
    • Zoning: IS - Improved Subivision District

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Frame, Stucco, Combo Construction
    Condition
    • Updated/Remodeled
    • New construction: No
    • Year built: 1978

    Community & HOA

    Community
    • Features: Community Boat Ramp, Other, Bike Paths
    • Security: 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: $838/sqft
    • Tax assessed value: $1,233,417
    • Annual tax amount: $7,446
    • Date on market: 10/10/2025
    • Listing terms: Seller Finance Psble,Cash,Conventional,FHA

    Price history

    DateEventPrice
    7/29/2026Sold$1,150,000-6.9%$838/sqft
    Source: FLKMLS #616825 Report a problem
    6/2/2026Contingent$1,235,000$900/sqft
    Source: FLKMLS #616825 Report a problem
    3/13/2026Price change$1,235,000-2.8%$900/sqft
    Source: Key West AOR #616825 Report a problem
    2/27/2026Price change$1,270,000-1.9%$926/sqft
    Source: Key West AOR #616825 Report a problem
    10/10/2025Listed for sale$1,295,000-7.4%$944/sqft
    Source: FLKMLS #616825 Report a problem
    8/1/2025Listing removed$1,399,000$1,020/sqft
    Source: FLKMLS #610522 Report a problem
    3/13/2025Contingent$1,399,000$1,020/sqft
    Source: Key West AOR #610522 Report a problem
    2/19/2025Price change$1,399,000-3.5%$1,020/sqft
    Source: Key West AOR #610522 Report a problem
    1/31/2025Price change$1,449,000-0.3%$1,056/sqft
    Source: FLKMLS #610522 Report a problem
    6/22/2024Listed for sale$1,453,000+401.2%$1,059/sqft
    Source: Key West AOR #610522 Report a problem
    11/4/2011Listing removed$289,900$211/sqft
    Source: isNowListed.com Report a problem
    11/2/2011Listed for sale$289,900-5.6%$211/sqft
    Source: isNowListed.com Report a problem
    3/4/2011Sold$307,125-19.6%$224/sqft
    Source: FLKMLS #113292 Report a problem
    1/16/2011Listed for sale--
    Source: Auction.com #533664 Report a problem
    7/30/2002Sold$382,000+2.6%$278/sqft
    Source: Public Record Report a problem
    2/12/2002Sold$372,500+67.8%$272/sqft
    Source: Public Record Report a problem
    2/26/2001Sold$222,000$162/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax 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

    Neighborhood: 33040

    Nearby schools

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    Estimated market value
    $1,150,100
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,150,100

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