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Sold for $550,000
  • $550,000

    58704 Overseas Hwy, Grassy Key, FL 33050

    2beds
    1,160sqft
    Single Family Residence
    Built in 1948
    0.46 Acres Lot
    $551,500 Zestimate®
    $474/sqft
    $3,596 Estimated rent

    Home value

    $551,500

    $485,000 - $629,000

    $3,596/mo

    Zestimate® history
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    What's special

    Mature shade treesMetal roofHigh ceilingsExpansive lotImpact windows
    Welcome to a rare gem in Grassy Key--this unique property offers an incredible opportunity to own a piece of Florida Keys history. Nestled on a spacious 20,000 sq ft (.46-acre) lot surrounded by mature shade trees, this charming 2-bedroom, 1-bathroom original Conch bungalow offers 1,160 sq ft of character and potential.Once home to the beloved 'Hidey Hole' Bar & Grill, the building has been thoughtfully converted into a cozy residence featuring high ceilings in the living and dining areas, impact windows, concrete construction and metal roof.The expansive lot offers plenty of room to grow--add a pool, tiki hut, guest house, or other accessory structures to make the most of this tropical oasis.Located conveniently near dining, shopping and boat ramp, this home combines island living with unbeatable access to all the Keys have to offer.This property includes a transient rental license, allowing for weekly, monthly, or annual rentals--a perfect investment opportunity or tropical getaway with income potential.Don't miss out on owning a piece of Florida Keys history!

    Zillow last checked:

    Listing updated:

    Listed by:

    Lisa Frins P.A. 305-522-1479,

    Berkshire Hathaway HomeServices Keys Real Estate - Islamorada

    Bought with:

    Lisa Frins P.A., 0672871

    Berkshire Hathaway HomeServices Keys Real Estate - Islamorada

    Source: FLKMLS,MLS#: 614595MLS LogoOriginating MLS: Florida Keys

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    • Full bathrooms: 1
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Included: Washer, Oven, Range, Refrigerator, Dishwasher, Dryer
    Features
    • Flooring: Laminate
    • Windows: Drapes/Blinds Incl, Impact Rstnce Window
    Interior area
    • Total interior livable area: 1,160 sqft

    Property

    Parking
    • Parking features: Open
    • Has uncovered spaces: Yes
    Features
    • Levels: Ground Level
    • Exterior features: Storage
    • Water view: None
    • Waterfront features: None, Dockage: None
    Lot
    • Size: 0.46 Acres
    • Features: 1/4 - 1/2 Acre
    Details
    • Parcel number: 00366800000100
    • Zoning: RM
    • Zoning description: Residential Medium

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • CBS, Concrete
    • Roof: Metal
    Condition
    • Year built: 1948

    Utilities & green energy

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

    Community & HOA

    Community
    • Security: No Security
    • Subdivision: Crains Sub (58.0)
    HOA
    • Has HOA: No
    • Services included: None
    Location
    • Region: Grassy Key

    Financial & listing details

    • Price per square foot: $474/sqft
    • Tax assessed value: $408,880
    • Annual tax amount: $4,443
    • Date on market: 4/11/2025

    Price history

    DateEventPrice
    3/16/2026Sold$550,000-11.1%$474/sqft
    Source: FLKMLS #614595 Report a problem
    1/10/2026Contingent$619,000$534/sqft
    Source: FLKMLS #614595 Report a problem
    12/11/2025Price change$619,000-1.6%$534/sqft
    Source: FLKMLS #614595 Report a problem
    10/27/2025Price change$629,000-25.9%$542/sqft
    Source: FLKMLS #614595 Report a problem
    9/30/2025Price change$849,000+32.2%$732/sqft
    Source: Key West AOR #614595 Report a problem
    8/12/2025Price change$642,000-0.8%$553/sqft
    Source: FLKMLS #614595 Report a problem
    6/15/2025Price change$647,000-4.1%$558/sqft
    Source: FLKMLS #614595 Report a problem
    5/6/2025Price change$675,000-3.4%$582/sqft
    Source: FLKMLS #614595 Report a problem
    4/11/2025Listed for sale$699,000+5.9%$603/sqft
    Source: FLKMLS #614595 Report a problem
    3/2/2025Listing removed$659,999$569/sqft
    Source: Key West AOR #612188 Report a problem
    2/15/2025Price change$659,999-1.3%$569/sqft
    Source: Key West AOR #612188 Report a problem
    12/21/2024Price change$669,000-7%$577/sqft
    Source: FLKMLS #612188 Report a problem
    11/9/2024Listed for sale$719,000+5.9%$620/sqft
    Source: Key West AOR #612188 Report a problem
    10/7/2024Listing removed$679,000$585/sqft
    Source: MIAMI #A11431930 Report a problem
    10/6/2024Price change$679,000-2.9%$585/sqft
    Source: Key West AOR #606207 Report a problem
    7/31/2024Price change$699,000-6.8%$603/sqft
    Source: Key West AOR #606207 Report a problem
    5/7/2024Price change$749,999-5.8%$647/sqft
    Source: Key West AOR #606207 Report a problem
    4/12/2024Price change$795,999-0.4%$686/sqft
    Source: Key West AOR #606207 Report a problem
    3/3/2024Price change$799,000-0.1%$689/sqft
    Source: MIAMI #A11431930 Report a problem
    3/3/2024Price change$799,999-2.3%$690/sqft
    Source: Key West AOR #606207 Report a problem
    12/20/2023Price change$819,000+17.2%$706/sqft
    Source: Key West AOR #606207 Report a problem
    9/29/2023Listed for sale$698,750$602/sqft
    Source: Key West AOR #606207 Report a problem
    9/13/2023Pending sale$698,750$602/sqft
    Source: FLKMLS #606207 Report a problem
    8/3/2023Listed for sale$698,750-0.2%$602/sqft
    Source: Key West AOR #606207 Report a problem
    8/1/2023Listing removed--
    Source: Key West AOR #602056 Report a problem
    6/26/2023Listed for sale$700,000+43.1%$603/sqft
    Source: MLKAR #602056 Report a problem
    11/16/2021Sold$489,000+171.7%$422/sqft
    Source: FLKMLS #596573 Report a problem
    11/13/2003Sold$180,000$155/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,264 -4.1%$408,880 -0.8%
    2024$4,443 +1.8%$412,219 +2.4%
    2023$4,365 -2.4%$402,556 -1.6%
    2022$4,472 -10.5%$409,015 +2.3%
    2021$4,995 +4.7%$399,792 +6.1%
    2020$4,773 $376,927 +10%
    2019$4,773 +9.2%$342,661 +32.3%
    2018$4,371 +42.5%$258,955 +2.1%
    2017$3,069 +1.8%$253,629 +2.1%
    2016$3,015 -0.5%$248,413 +0.7%
    2015$3,031 $246,686
    Find assessor info on the county website

    Neighborhood: 33050

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $551,500
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    Estimated market value
    $551,500