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Sold for $1,725,000
  • $1,725,000

    78 Bay Dr, Key West, FL 33040

    4beds
    2,454sqft
    Single Family Residence
    Built in 1963
    10,454.4 Square Feet Lot
    $1,727,600 Zestimate®
    $703/sqft
    $5,857 Estimated rent

    Home value

    $1,727,600

    $1.50M - $1.99M

    $5,857/mo

    Zestimate® history
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    What's special

    Waterfront estateResort-style poolQuater-acre lotSpectacular sunsetsExpansive pool deckImpact-rated glassBrick driveway
    78 Bay Drive offers a rare opportunity to own a turnkey Keys retreat that seamlessly blends peaceful oceanfront living with built-in income potential.The main-upper residence features two bedrooms and two bathrooms, with both the primary suite and main living area capturing sweeping, unobstructed ocean views. Expansive sightlines and direct access to multiple decks and inviting outdoor living spaces create a seamless indoor-outdoor experience, immersing you in the natural beauty and tranquility of the surrounding water.A standout feature of the property is the separate lower-level livingspace, complete with its own private entrance, newly installed kitchen, ocean views, and ample parking. Perfectly suited for hosting guests or generating income, this space presents an exceptional opportunity to offset the cost of ownership while maintaining privacy in the main residence above.Offering remarkable flexibility, the property can be enjoyed as a single-family home with generous total square footage, or configured as two distinct living spaces, allowing a new owner to tailor its use to their lifestyle or investment goals.The home has been extensively upgraded, including a new pool and spa, expanded decks and stairs, a brick driveway, hurricane impact windows and sliding doors, a 200-amp electrical service upgrade, and mini split AC systems for efficient, individualized climate control.Blending modern upgrades with versatile living and a breathtaking waterfront setting, 78 Bay Drive is a distinctive Lower Keys offering -- equally compelling as a private coastal sanctuary, an income-producing property, or a combination of both.

    Zillow last checked:

    Listing updated:

    Listed by:

    Jenny Benson,

    Coastal Collection Real Estate Inc.

    Bought with:

    Tommy Mack, 3285624

    Coastal Collection Real Estate Inc.

    Source: FLKMLS,MLS#: 616566MLS LogoOriginating MLS: Key West Association

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • None
    Cooling
    • Wall/Window Unit(s), Ductless
    Appliances
    • Included: Washer, Stainless Steel Appliance(s), Wine Cooler, Gas Appliances, Oven, Range, Refrigerator
    • Laundry: Laundry Room
    Features
    • Sun/Florida Room
    • Flooring: Tile, Laminate, Wood
    • Windows: Other Windows/Doors, Impact Rstnce Window, Panel
    • Furnished: Yes
    Interior area
    • Total interior livable area: 2,454 sqft

    Property

    Parking
    • Parking features: Guest, Covered
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Open Porch/Balcony, Deck
    • Has private pool: Yes
    • Pool features: In Ground
    • Has view: Yes
    • View description: Ocean
    • Has water view: Yes
    • Water view: Ocean
    • Waterfront features: Oceanfront, Waterfront, Dock: Wood
    Lot
    • Size: 10,454 sqft
    • Features: 1/4 - 1/2 Acre
    Details
    • Parcel number: 00160680000000
    • Zoning: IS
    • Zoning description: Improved Subivision District

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • CBS
    • Roof: Metal
    Condition
    • Year built: 1963

    Utilities & green energy

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

    Community & neighborhood

    Location
    • Region: Key West
    • Subdivision: Bay Point Amd & 1st (15.0)

    HOA & financial

    HOA
    • Has HOA: No
    • Services included: None

    Price history

    DateEventPrice
    5/1/2026Sold$1,725,000-6.8%$703/sqft
    Source: FLKMLS #616566 Report a problem
    4/16/2026Contingent$1,849,999$754/sqft
    Source: Key West AOR #616566 Report a problem
    3/28/2026Price change$1,849,999-2.6%$754/sqft
    Source: FLKMLS #616566 Report a problem
    3/9/2026Price change$1,899,999-2.6%$774/sqft
    Source: FLKMLS #616566 Report a problem
    2/18/2026Price change$1,949,999-2.5%$795/sqft
    Source: FLKMLS #616566 Report a problem
    12/6/2025Price change$1,999,999-4.6%$815/sqft
    Source: Key West AOR #616566 Report a problem
    11/23/2025Price change$2,095,500-4.6%$854/sqft
    Source: Key West AOR #616566 Report a problem
    9/20/2025Listed for sale$2,195,500+237.8%$895/sqft
    Source: Key West AOR #616566 Report a problem
    6/12/2020Sold$650,000-10.3%$265/sqft
    Source: FLKMLS #589322 Report a problem
    3/5/2020Price change$725,000-6.5%$295/sqft
    Source: Berkshire Hathaway Knight & Gardner Realty #589322 Report a problem
    2/27/2020Price change$775,000-3.1%$316/sqft
    Source: Berkshire Hathaway Knight & Gardner Realty #589322 Report a problem
    2/8/2020Price change$800,000-8.6%$326/sqft
    Source: Berkshire Hathaway Knight & Gardner Realty #589322 Report a problem
    1/22/2020Listed for sale$875,000-2.7%$357/sqft
    Source: Berkshire Hathaway Knight & Gardner Realty #589322 Report a problem
    6/12/2018Listing removed$899,000$366/sqft
    Source: Buy The Keys (KW) #580143 Report a problem
    5/11/2018Price change$899,000-4.4%$366/sqft
    Source: Buy The Keys (KW) #580143 Report a problem
    4/20/2018Price change$940,000-2.1%$383/sqft
    Source: Buy The Keys (KW) #577967 Report a problem
    3/27/2018Price change$960,000-1.5%$391/sqft
    Source: Buy The Keys (KW) #577967 Report a problem
    10/17/2017Price change$975,000-13.3%$397/sqft
    Source: Buy The Keys (KW) #576100 Report a problem
    6/30/2017Listed for sale$1,125,000$458/sqft
    Source: Buy The Keys (KW) #576100 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$10,603 +9.8%$1,141,199 +10%
    2024$9,659 -0.1%$1,037,454 +14.5%
    2023$9,665 +23.3%$906,162 +10%
    2022$7,841 +9.6%$823,784 +11.5%
    2021$7,151 +15.8%$738,749 +18.1%
    2020$6,174 $625,620 +15.3%
    2019$6,174 +19%$542,489 -0.3%
    2018$5,189 +2.9%$543,934 +3.4%
    2017$5,044 +7.6%$525,858 +6.9%
    2016$4,687 +4.9%$491,819 +16%
    2015$4,466 $424,026

    Find assessor info on the county website

    Neighborhood: 33040

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,727,600
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,727,600