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For sale
  • Price cut: $75K (7/7)
    $1,750,000

    58773 Overseas Hwy, Grassy Key, FL 33050

    3beds
    1,280sqft
    : 
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    Single Family Residence
    Built in 1965
    0.49 Acres Lot
    $-- Zestimate®
    $1,367/sqft
    $-- HOA

    What's special

    Screened-in poolSoft yellow cottage charmPeaceful waterfront settingReady for immediate enjoymentNatural privacyMetal roofOpen gulf views
    Welcome to Key Lime Kottage, a charming waterfront retreat in Grassy Key where life slows down, the water calls, and every day feels like a Florida Keys escape. Currently in a vacation rental program, this turn-key 3-bedroom, 2-bath home offers buyers and investors the rare combination of personal enjoyment, rental potential, privacy, and resort-style living. Kindly provide at least 24 hours' notice for showings. Preferred showing times are Saturdays during check-in/check-out windows, when access is most convenient. Tucked behind lush tropical landscaping, Key Lime Kottage welcomes you with soft yellow cottage charm, a metal roof, white picket appeal, and a peaceful waterfront setting that immediately invites you to relax. From the moment guests arrive, they can imagine themselves slowing down, breathing deeper, and enjoying the Keys lifestyle. A beautiful composite dock leads through the mangroves toward open Gulf views, creating the perfect place for morning coffee, kayaking, paddleboarding, sunset conversations, or quiet moments by the water. The outdoor living area is the heart of the property. With a screened-in pool, spa, covered lounging space, and natural privacy, it feels like a private resort designed for relaxation, connection, and unforgettable memories. Inside, the open living, dining, and kitchen layout feels warm, easy, and welcoming. The home is ready for immediate enjoyment, whether as a personal retreat, a vacation rental investment, or both. For investors, Key Lime Kottage offers strong guest appeal with waterfront living, Gulf views, pool and spa amenities, and proximity to the Dolphin Research Center, The Wreck Restaurant, downtown Marathon, grocery shopping, marinas, entertainment, and MillionAir. Buyers are not just purchasing a property here. They are stepping into peaceful mornings, golden sunsets, waterfront memories, and a Florida Keys lifestyle guests will want to return to again and again.
    69 days
    |
    735
    |
    31
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Lela Ashkarian 305-395-0814,

    Coldwell Banker Schmitt Real Estate Co.,

    Jesus Parra 786-282-9281,

    Coldwell Banker Schmitt Real Estate Co.

    Source: FLKMLS,MLS#: 619885MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 2
      Heating
      • Has Heating (Unspecified Type)
      Cooling
      • Central Air, Heat Pump, Ceiling Fans(s)
      Appliances
      • Included: More Appliances, Washer, Dryer, Dishwasher, Refrigerator, Range, Oven, Microwave
      • Laundry: Laundry Room
      Features
      • Walk-in Closet(s)
      • Flooring: Wood
      • Furnished: Yes
      Interior area
      • Total structure area: 1,280
      • Total interior livable area: 1,280 sqft
      Video & virtual tour

      Property

      Parking
      • Parking features: Garage Door Opener, Open, RV Access/Parking
      • Has garage: Yes
      • Has uncovered spaces: Yes
      Accessibility
      • Accessibility features: Parking
      Features
      • Exterior features: Lighting, Outdoor Shower
      • Has private pool: Yes
      • Pool features: In Ground
      • Has spa: Yes
      • Spa features: Heated
      • On waterfront: Yes
      Lot
      • Size: 0.49 Acres
      • Dimensions: 50x375x471x108
      Details
      • Parcel number: 00376050000000
      • Zoning: RM-1 - Residential Medium - 1

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • CBS
      Condition
      • Updated/Remodeled
      • New construction: No
      • Year built: 1965

      Utilities & green energy

      • Utilities for property: Cable Available

      Community & HOA

      Community
      • Subdivision: Grassy Key (58.9)
      HOA
      • Has HOA: No
      • Services included: None
      Location
      • Region: Grassy Key

      Financial & listing details

      • Price per square foot: $1,367/sqft
      • Tax assessed value: $1,231,214
      • Annual tax amount: $11,095
      • Date on market: 5/13/2026
      • Listing terms: Cash,Conventional

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/7/2026Price change$1,750,000-4.1%$1,367/sqft
        Source: FLKMLS #619885 Report a problem
        5/13/2026Listed for sale$1,825,000+21.7%$1,426/sqft
        Source: MLKAR #619885 Report a problem
        4/30/2024Sold$1,499,000$1,171/sqft
        Source: FLKMLS #609133 Report a problem
        4/23/2024Pending sale$1,499,000$1,171/sqft
        Source: FLKMLS #609133 Report a problem
        3/11/2024Contingent$1,499,000$1,171/sqft
        Source: FLKMLS #609133 Report a problem
        3/10/2024Listed for sale$1,499,000+87.8%$1,171/sqft
        Source: FLKMLS #609133 Report a problem
        12/17/2019Sold$798,000-0.1%$623/sqft
        Source: Public Record Report a problem
        9/28/2019Listed for sale$799,000-6.4%$624/sqft
        Source: Coldwell Banker Schmitt Real Estate Co. #587499 Report a problem
        7/23/2019Listing removed$854,000$667/sqft
        Source: Island Breeze Realty, LLC #582556 Report a problem
        7/3/2019Price change$854,000-2.8%$667/sqft
        Source: Island Breeze Realty, LLC #582556 Report a problem
        5/16/2019Price change$879,000-2.2%$687/sqft
        Source: Island Breeze Realty, LLC #582556 Report a problem
        1/26/2019Price change$899,000-2.8%$702/sqft
        Source: Island Breeze Realty, LLC #582556 Report a problem
        1/16/2019Price change$925,000-2.6%$723/sqft
        Source: Island Breeze Realty, LLC #582556 Report a problem
        11/27/2018Price change$950,000-2.6%$742/sqft
        Source: Island Breeze Realty, LLC #582556 Report a problem
        11/1/2018Listed for sale$975,000-2%$762/sqft
        Source: Island Breeze Realty, LLC #582556 Report a problem
        8/24/2018Listing removed$995,000$777/sqft
        Source: Island Breeze Realty, LLC #577596 Report a problem
        5/16/2018Price change$995,000-9.5%$777/sqft
        Source: Island Breeze Realty, LLC #577596 Report a problem
        4/11/2018Price change$1,100,000-1.6%$859/sqft
        Source: Island Breeze Realty, LLC #577596 Report a problem
        3/7/2018Price change$1,118,000-2.6%$873/sqft
        Source: Island Breeze Realty, LLC #577596 Report a problem
        12/7/2017Price change$1,148,000-4.2%$897/sqft
        Source: Island Breeze Realty, LLC #577596 Report a problem
        11/28/2017Listed for sale$1,198,000+362.5%$936/sqft
        Source: Island Breeze Realty, LLC #577596 Report a problem
        2/21/2012Listing removed$259,000$202/sqft
        Source: Exit Realty Florida Keys #554809 Report a problem
        11/17/2011Listed for sale$259,000-39.1%$202/sqft
        Source: Exit Realty Florida Keys #554809 Report a problem
        6/21/2011Sold$425,000-13.3%$332/sqft
        Source: Public Record Report a problem
        2/5/2011Price change$490,000-7.5%$383/sqft
        Source: Exit Realty Florida Keys #553475 Report a problem
        11/23/2010Listed for sale$530,000+73.8%$414/sqft
        Source: Exit Realty Florida Keys #553475 Report a problem
        8/24/2009Sold$305,000+124.3%$238/sqft
        Source: Public Record Report a problem
        10/1/1998Sold$136,000$106/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$11,095 +15.8%$1,231,214 +32.8%
        2024$9,579 +6.4%$927,425 +10%
        2023$9,007 +13.1%$843,114 +10%
        2022$7,961 +7.2%$766,467 +10%
        2021$7,425 +7.8%$696,788 +6.7%
        2020$6,889 $653,264 -5.7%
        2019$6,889 -5.4%$692,921 +1.6%
        2018$7,279 +5.2%$681,878 +9.2%
        2017$6,919 +8.4%$624,272 -2.3%
        2016$6,384 -5%$638,803 +7.8%
        2015$6,720 $592,854
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 33050

        Getting around

        8 / 100
        Car-Dependent
        47 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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