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.
For sale
Price cut: $75K (8/21)
$1,675,000
58773 Overseas Hwy, Grassy Key, FL 33050
3beds
1,280sqft
Single Family Residence
Built in 1965
0.49 Acres Lot
$-- Zestimate®
$1,309/sqft
$-- HOA
What's special
Screened-in poolSoft yellow cottage charmPeaceful waterfront settingReady for immediate enjoymentNatural privacyMetal roofOpen gulf views
- 114 days
- 1,251
- 38
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#: 619885
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: $1,309/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
| Date | Event | Price |
|---|---|---|
| 8/21/2026 | Price change | $1,675,000-4.3%$1,309/sqft |
Source: | ||
| 7/7/2026 | Price change | $1,750,000-4.1%$1,367/sqft |
Source: | ||
| 5/13/2026 | Listed for sale | $1,825,000+21.7%$1,426/sqft |
Source: | ||
| 4/30/2024 | Sold | $1,499,000$1,171/sqft |
Source: | ||
| 4/23/2024 | Pending sale | $1,499,000$1,171/sqft |
Source: | ||
| 3/11/2024 | Contingent | $1,499,000$1,171/sqft |
Source: | ||
| 3/10/2024 | Listed for sale | $1,499,000+87.8%$1,171/sqft |
Source: | ||
| 12/4/2019 | Sold | $798,000-0.1%$623/sqft |
Source: | ||
| 9/28/2019 | Listed for sale | $799,000-6.4%$624/sqft |
Source: Coldwell Banker Schmitt Real Estate Co. #587499 Report a problem | ||
| 7/23/2019 | Listing removed | $854,000$667/sqft |
Source: Island Breeze Realty, LLC #582556 Report a problem | ||
| 7/3/2019 | Price change | $854,000-2.8%$667/sqft |
Source: Island Breeze Realty, LLC #582556 Report a problem | ||
| 5/16/2019 | Price change | $879,000-2.2%$687/sqft |
Source: Island Breeze Realty, LLC #582556 Report a problem | ||
| 1/26/2019 | Price change | $899,000-2.8%$702/sqft |
Source: Island Breeze Realty, LLC #582556 Report a problem | ||
| 1/16/2019 | Price change | $925,000-2.6%$723/sqft |
Source: Island Breeze Realty, LLC #582556 Report a problem | ||
| 11/27/2018 | Price change | $950,000-2.6%$742/sqft |
Source: Island Breeze Realty, LLC #582556 Report a problem | ||
| 11/1/2018 | Listed for sale | $975,000-2%$762/sqft |
Source: Island Breeze Realty, LLC #582556 Report a problem | ||
| 8/24/2018 | Listing removed | $995,000$777/sqft |
Source: Island Breeze Realty, LLC #577596 Report a problem | ||
| 5/16/2018 | Price change | $995,000-9.5%$777/sqft |
Source: Island Breeze Realty, LLC #577596 Report a problem | ||
| 4/11/2018 | Price change | $1,100,000-1.6%$859/sqft |
Source: Island Breeze Realty, LLC #577596 Report a problem | ||
| 3/7/2018 | Price change | $1,118,000-2.6%$873/sqft |
Source: Island Breeze Realty, LLC #577596 Report a problem | ||
| 12/7/2017 | Price change | $1,148,000-4.2%$897/sqft |
Source: Island Breeze Realty, LLC #577596 Report a problem | ||
| 11/28/2017 | Listed for sale | $1,198,000+362.5%$936/sqft |
Source: Island Breeze Realty, LLC #577596 Report a problem | ||
| 2/21/2012 | Listing removed | $259,000$202/sqft |
Source: Exit Realty Florida Keys #554809 Report a problem | ||
| 11/17/2011 | Listed for sale | $259,000-39.1%$202/sqft |
Source: Exit Realty Florida Keys #554809 Report a problem | ||
| 6/21/2011 | Sold | $425,000-13.3%$332/sqft |
Source: Public Record Report a problem | ||
| 2/5/2011 | Price change | $490,000-7.5%$383/sqft |
Source: Exit Realty Florida Keys #553475 Report a problem | ||
| 11/23/2010 | Listed for sale | $530,000+73.8%$414/sqft |
Source: Exit Realty Florida Keys #553475 Report a problem | ||
| 8/24/2009 | Sold | $305,000+124.3%$238/sqft |
Source: Public Record Report a problem | ||
| 10/1/1998 | Sold | $136,000$106/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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
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