Customize your island dream home on this massive 20,000 sq. ft. lot with stunning Ocean Views! Situated on the Oceanside of Grassy Key with approximately 62' of water front, this sought-after location is packed with potential for creating the ultimate Oceanfront getaway in the Florida Keys! The existing home on property is in need of redevelopment, and offers a unique advantage as the present building right allows for re-build without proceeding through the BPAS/ROGO process. This exceptional property is a canvas for developing a coastal retreat catered to your specific needs! Create a backyard oasis with lush tropical landscaping to pair with the breathtaking Sunrise Views. Nestled on the outskirts of Marathon, enjoy an abundance of privacy and tranquility while remaining just a short drive to fantastic restaurants and stores in town. Seize the opportunity to call this slice of paradise home!
Sold for $720,000
$720,000
58734 Overseas Hwy, Grassy Key, FL 33050
--beds
--baths
0.46Acres
Unimproved Land
Built in ----
0.46 Acres Lot
$-- Zestimate®
$--/sqft
$2,551 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,551/mo
Zestimate® history
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$4,293/mo
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List your homeWhat's special
Breathtaking sunrise viewsStunning ocean views
Zillow last checked:
Listing updated:
Listed by:
Lisa H Ferringo,
Coldwell Banker Schmitt Lower Keys (KW)
Bought with:
Aimee Lynn Kornetti, 3144819
Coldwell Banker Schmitt Real Estate Co.
Lynn O Goodwin, P.A., 471296
Coldwell Banker Schmitt Real Estate Co.
Source: FLKMLS,MLS#: 612677
Originating MLS: Key West Association
Originating MLS: Key West AssociationFacts & features
Property
Features
- Has view: Yes
- View description: Water, Ocean
- Water view: Water,Ocean
- Waterfront features: Oceanfront, Open Water, Waterfront, Water Frontage, Dockage: None
Lot
- Size: 0.46 Acres
- Features: 1/4 - 1/2 Acre
Details
- Parcel number: 00366800000000
- Zoning: RM
- Zoning description: Residential Medium
Utilities & green energy
- Water: Water Meter
- Utilities for property: Electricity Connected, Sewer Connected
Community & neighborhood
Community
- Community features: Other
Location
- Region: Grassy Key
- Subdivision: Crains Sub (58.0)
Price history
| Date | Event | Price |
|---|---|---|
| 8/21/2025 | Sold | $720,000-7.6% |
Source:  FLKMLS #612677 Report a problem | ||
| 6/19/2025 | Contingent | $779,000 |
Source:  Key West AOR #612677 Report a problem | ||
| 5/29/2025 | Price change | $779,000-1.3% |
Source: FLKMLS #612677 Report a problem | ||
| 5/13/2025 | Price change | $789,000-1.3% |
Source: Key West AOR #612677 Report a problem | ||
| 4/1/2025 | Price change | $799,000-5.9% |
Source: FLKMLS #612677 Report a problem | ||
| 2/22/2025 | Price change | $849,000-5.6% |
Source: FLKMLS #612677 Report a problem | ||
| 12/13/2024 | Listed for sale | $899,000-10% |
Source: FLKMLS #612677 Report a problem | ||
| 9/19/2024 | Listing removed | $999,000 |
Source: Key West AOR #607606 Report a problem | ||
| 8/29/2024 | Price change | $999,000-9.1% |
Source: FLKMLS #607606 Report a problem | ||
| 5/20/2024 | Price change | $1,099,000-8.3% |
Source: FLKMLS #607606 Report a problem | ||
| 3/5/2024 | Price change | $1,199,000-7.7% |
Source: FLKMLS #607606 Report a problem | ||
| 11/30/2023 | Listed for sale | $1,299,000+366.8% |
Source: Key West AOR #607606 Report a problem | ||
| 2/21/2020 | Sold | $278,300 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,122 -33.2% | $937,388 -32.8% |
| 2024 | $13,659 +43.9% | $1,395,436 +102.3% |
| 2023 | $9,492 +22.2% | $689,890 +10% |
| 2022 | $7,770 +16.3% | $627,173 +10% |
| 2021 | $6,680 +4.6% | $570,157 +3.8% |
| 2020 | $6,384 | $549,234 -1.3% |
| 2019 | $6,384 -1.1% | $556,574 +0.1% |
| 2018 | $6,457 +3.4% | $556,187 -4.5% |
| 2017 | $6,246 -2.2% | $582,230 +13.6% |
| 2016 | $6,383 +6.4% | $512,346 -32.4% |
| 2015 | $5,998 | $757,533 |
Find assessor info on the county website
Neighborhood: 33050
Nearby schools
GreatSchools rating
- 5/10Stanley Switlik Elementary SchoolGrades: PK-5Distance: 9.9 mi
- 5/10Marathon SchoolGrades: 6-12Distance: 9.2 mi
- Florida
- Monroe County
- Marathon
- 33050
- 58734 Overseas Hwy
Nearby cities
Nearby zip codes
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