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Sold for $550,000
  • $550,000

    57485 Gibson St, Grassy Key, FL 33050

    3beds
    1,056sqft
    Single Family Residence
    Built in 1996
    6,098.4 Square Feet Lot
    $550,100 Zestimate®
    $521/sqft
    $3,466 Estimated rent

    Home value

    $550,100

    $495,000 - $611,000

    $3,466/mo

    Zestimate® history
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    What's special

    Above flood and full of character, this three-bedroom, two-bath residence in the peaceful Sunset Bay neighborhood of Grassy Key delivers comfort, efficiency, and long-term value in one of the Middle Keys' most desirable settings. With 1,056 square feet of interior living space, the layout feels bright and open thanks to soaring cathedral ceilings and abundant natural light, while the split-bedroom design provides privacy for owners and guests alike.The kitchen features granite countertops and ample cabinetry, offering a clean, modern feel that works beautifully for everyday living or visiting guests. A dedicated laundry room adds convenience, and each bedroom provides a welcoming retreat after a day spent enjoying the island lifestyle. Both bathrooms are well maintained and designed for easy function.Step outside to a private patio that's perfect for morning coffee, evening cocktails, or relaxed entertaining. The 6,098-square-foot lot offers just the right amount of outdoor space without the burden of heavy maintenance. Covered parking under the carport, central air conditioning, and a durable metal roof all contribute to easy ownership and peace of mind.Location is another standout feature. The waterfront park in Marathon is only a block away, giving you quick access to open water, kayak launches, picnic areas, and places to enjoy the famous Keys sunsets. Even without being directly on the water, ocean and bay adventures are always within reach.For investors, the highly desirable 7-day rental status opens the door to excellent income potential. Owners can enjoy the home when they choose and generate revenue while away, making this a flexible asset as well as a personal retreat.Whether you are looking for a full-time residence, seasonal getaway, or a property that can help pay for itself, this opportunity delivers the best of lifestyle and return.

    Zillow last checked:

    Listing updated:

    Listed by:

    STEVEN J CONLEY, LLC 305-393-5859,

    Compass Florida LLC - Tavernier,

    Clayton J. Conley 305-395-9013,

    Compass Florida LLC - Tavernier

    Bought with:

    Dawn M McComish, 3021595

    LPT Realty, LLC

    Source: FLKMLS,MLS#: 618661MLS LogoOriginating MLS: Florida Keys

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Included: Washer, Oven, Refrigerator, Dishwasher, Dryer
    Features
    • Windows: Aluminum Frames, Panel
    Interior area
    • Total interior livable area: 1,056 sqft

    Property

    Parking
    • Parking features: Carport
    • Has carport: Yes
    Features
    • Patio & porch: Deck, Patio
    • Water view: None
    • Waterfront features: None, Dockage: None
    Lot
    • Size: 6,098 sqft
    • Dimensions: 60 x 100
    • Features: Less Than 1/4 Acre
    Details
    • Parcel number: 00360530000000
    • Zoning: RM
    • Zoning description: Residential Medium

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Other Bldg Style
    • Property subtype: Single Family Residence
    Materials
    • Frame
    • Roof: Metal
    Condition
    • Year built: 1996

    Utilities & green energy

    • Sewer: Municipal Sewer, Public Sewer
    • Utilities for property: FKAA

    Community & neighborhood

    Location
    • Region: Grassy Key
    • Subdivision: Sunset Bay (56)

    HOA & financial

    HOA
    • Has HOA: No
    • Services included: None

    Price history

    DateEventPrice
    6/17/2026Sold$550,000-4.3%$521/sqft
    Source: FLKMLS #618661 Report a problem
    5/26/2026Contingent$575,000$545/sqft
    Source: FLKMLS #618661 Report a problem
    3/4/2026Listed for sale$575,000$545/sqft
    Source: Key West AOR #618661 Report a problem
    2/26/2026Contingent$575,000$545/sqft
    Source: FLKMLS #618661 Report a problem
    2/16/2026Listed for sale$575,000-3.4%$545/sqft
    Source: FLKMLS #618661 Report a problem
    1/31/2026Listing removed$595,000$563/sqft
    Source: Key West AOR #615504 Report a problem
    6/19/2025Listed for sale$595,000$563/sqft
    Source: FLKMLS #615504 Report a problem
    6/3/2025Listing removed$595,000$563/sqft
    Source: Key West AOR #607171 Report a problem
    12/4/2024Price change$595,000-5.4%$563/sqft
    Source: Key West AOR #607171 Report a problem
    4/11/2024Listed for sale$629,000$596/sqft
    Source: Key West AOR #607171 Report a problem
    4/10/2024Contingent$629,000$596/sqft
    Source: Key West AOR #607171 Report a problem
    2/16/2024Price change$629,000-3.2%$596/sqft
    Source: Key West AOR #607171 Report a problem
    10/26/2023Listed for sale$650,000+22.6%$616/sqft
    Source: Key West AOR #607171 Report a problem
    6/14/2022Sold$530,000-3.5%$502/sqft
    Source: FLKMLS #598985 Report a problem
    5/20/2022Pending sale$549,000$520/sqft
    Source: FLKMLS #598985 Report a problem
    5/11/2022Contingent$549,000$520/sqft
    Source: Key West AOR #598985 Report a problem
    5/6/2022Price change$549,000-1.8%$520/sqft
    Source: Key West AOR #598985 Report a problem
    4/22/2022Price change$559,000+1.8%$529/sqft
    Source: MLKAR #598985 Report a problem
    4/22/2022Price change$549,000-1.8%$520/sqft
    Source: FLKMLS #598985 Report a problem
    4/22/2022Price change$559,000-3.5%$529/sqft
    Source: Key West AOR #598985 Report a problem
    4/20/2022Listed for sale$579,000$548/sqft
    Source: Key West AOR #598985 Report a problem
    4/2/2022Contingent$579,000$548/sqft
    Source: FLKMLS #598985 Report a problem
    3/21/2022Listed for sale$579,000$548/sqft
    Source: FLKMLS #598985 Report a problem
    3/21/2022Contingent$579,000$548/sqft
    Source: Key West AOR #598985 Report a problem
    3/20/2022Listed for sale$579,000$548/sqft
    Source: MLKAR #598985 Report a problem
    3/20/2022Contingent$579,000$548/sqft
    Source: FLKMLS #598985 Report a problem
    3/4/2022Listed for sale$579,000+414.2%$548/sqft
    Source: Key West AOR #598985 Report a problem
    4/11/1997Sold$112,600+155.9%$107/sqft
    Source: Public Record Report a problem
    6/6/1995Sold$44,000$42/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,123 +2.8%$463,856 +9.1%
    2024$4,981 -7.5%$425,304 -8.7%
    2023$5,385 +31.7%$465,942 +54.9%
    2022$4,090 +9.2%$300,892 +10%
    2021$3,747 +5.2%$273,538 +5.4%
    2020$3,563 $259,548 +2.4%
    2019$3,563 +2%$253,408 +3.8%
    2018$3,494 +8.3%$244,048 +7.5%
    2017$3,225 +6.1%$226,989 +15.9%
    2016$3,039 +5.5%$195,875 +2.1%
    2015$2,880 $191,869

    Find assessor info on the county website

    Neighborhood: 33050

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $550,100
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $550,100