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Sold for $1,600,000
  • $1,600,000

    57520 Overseas Hwy, Grassy Key, FL 33050

    2beds
    1,815sqft
    Single Family Residence
    Built in 1994
    2.68 Acres Lot
    $1,839,800 Zestimate®
    $882/sqft
    $5,613 Estimated rent

    Home value

    $1,839,800

    $1.53M - $2.21M

    $5,613/mo

    Zestimate® history
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    What's special

    Substantial expanseWaterfront living experiencePaddle boards
    This captivating beachfront property is nestled on the Oceanside of Grassy Key. This property boasts approximately 235 feet of pristine beachfront, a rare treasure in this sought-after location. Encompassing a substantial expanse of approximately 2.68 acres, this stilted single-family home lot stands as a canvas for transformation. The existing concrete home has a standing seam metal roof and is on durable stilts with a concrete pad beneath.While the existing home is habitable, it presents an enticing canvas for renovation, expansion, or even a complete redevelopment to craft your dream coastal haven. The property's RL zoning permits the construction of a primary residence, as well as additional accessory structures, providing ample space for all your desires such as a pool, tiki, gazebos etc. Set on the outskirts of Marathon makes access from the mainland convenient, enhancing the appeal of this truly exclusive haven.This property is not only a canvas for architectural creativity but also an invitation to an active and versatile lifestyle. The vast expanse of land accommodates various possibilities, from creating a palatial private estate with all the luxuries imaginable, to incorporating space for RV, campers, kayaks, and paddle boards embodying the ultimate waterfront living experience.There's a letter of site condition available upon request. The uplands area, estimated to be around 65,000 square feet more or less, contributes to the property's unique character and potential. Prospective buyers are encouraged to obtain a survey to fully appreciate the dimensions and potential of this remarkable property. What's more, the existing home on the property provides the distinct advantage of allowing redevelopment without the need to navigate through the BPAS or ROGO processes, streamlining the path to realizing your coastal paradise. Seize this rare opportunity to own an extensive beachfront property!

    Zillow last checked:

    Listing updated:

    Listed by:

    Samuel Davis Williams 305-289-6559,

    Coldwell Banker Schmitt Real Estate Co.

    Bought with:

    Samuel Davis Williams, 3186658

    Coldwell Banker Schmitt Real Estate Co.

    Source: FLKMLS,MLS#: 606512MLS LogoOriginating MLS: Marathon/Lower Keys

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Cooling
    • Central Air, Ceiling Fans(s)
    Appliances
    • Included: Dishwasher, Microwave, Oven, Range, Refrigerator
    Features
    • Flooring: Tile
    • Windows: Single Hung Windows, Other, Panel
    Interior area
    • Total interior livable area: 1,815 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Open, RV Parking Open, Covered, Trailer Storage, Off Street, Guest
    • Has uncovered spaces: Yes
    Features
    • Patio & porch: Screened P/B
    • Has view: Yes
    • View description: Ocean, Water
    • Has water view: Yes
    • Water view: Ocean,Water
    • Waterfront features: Oceanfront, Open Water, Waterfront, Dockage: None
    Lot
    • Size: 2.68 Acres
    • Features: 2 Less Than 5 Acres
    Details
    • Parcel number: 00374560000000
    • Zoning: RL
    • Zoning description: Residential Low
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • CBS
    • Roof: Metal
    Condition
    • Year built: 1994

    Utilities & green energy

    • Electric: Elect Separate Meter
    • Sewer: Municipal Sewer, Public Sewer
    • Water: Water Separate Meter
    • Utilities for property: FKAA

    Community & HOA

    Community
    • Features: Beach, Bike Paths, Airport/Runway
    • Subdivision: Crains Sub (58.0)
    HOA
    • Has HOA: No
    • Services included: None
    Location
    • Region: Grassy Key

    Financial & listing details

    • Price per square foot: $882/sqft
    • Tax assessed value: $1,588,288
    • Annual tax amount: $5,319
    • Date on market: 9/1/2023

    Price history

    DateEventPrice
    4/17/2024Sold$1,600,000-10.1%$882/sqft
    Source: FLKMLS #606512 Report a problem
    3/11/2024Contingent$1,779,000$980/sqft
    Source: Key West AOR #606512 Report a problem
    2/27/2024Price change$1,779,000-5.3%$980/sqft
    Source: Key West AOR #606512 Report a problem
    2/23/2024Listed for sale$1,879,000$1,035/sqft
    Source: Key West AOR #606512 Report a problem
    2/6/2024Contingent$1,879,000$1,035/sqft
    Source: Key West AOR #606512 Report a problem
    10/30/2023Price change$1,879,000-4.9%$1,035/sqft
    Source: MLKAR #606533 Report a problem
    9/1/2023Listed for sale$1,975,000$1,088/sqft
    Source: Key West AOR #606512 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$14,619 -5.6%$1,588,288 -27.5%
    2024$15,488 +187.2%$2,191,013 +330.4%
    2023$5,393 +1.4%$509,051 +3%
    2022$5,319 -1%$494,225 +3%
    2021$5,375 +2.6%$479,831 +1.4%
    2020$5,240 $473,207 +5.7%
    2019$5,240 +5%$447,683 -1.6%
    2018$4,992 +1.7%$454,965 +2.1%
    2017$4,910 +1.8%$445,534 +2.1%
    2016$4,822 -0.8%$436,371 +0.7%
    2015$4,860 $433,338
    Find assessor info on the county website

    Neighborhood: 33050

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,839,800
    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
    $1,839,800