$1,295,000
Price
3
Beds
1,372 Sq. Ft.
$944 / Sq. Ft.
1,372
Sq. Ft.
$944
per Sq. Ft.

Description

Island Life, unequalled waterfront sunsets, ocean breezes and crystal clear waters. And you can drive to your Caribbean Island Escape! This location is exceptional on all fronts, more than 2X the avg lot size, a craftsman remodeled 3/2 converted to a 2/2 with a spacious convertible home office, gorgeous high quality materials throughout, including Walnut Engineered Flooring, Brazilian Quartzite Countertops, Chef's Kitchen & Luxurious Main Bath. Welcome the Sunrise from the East Balcony and celebrate...Island Life, unequalled waterfront sunsets, ocean breezes and crystal clear waters. And you can drive to your Caribbean Island Escape! This location is exceptional on all fronts, more than 2X the avg lot size, a craftsman remodeled 3/2 converted to a 2/2 with a spacious convertible home office, gorgeous high quality materials throughout, including Walnut Engineered Flooring, Brazilian Quartzite Countertops, Chef's Kitchen & Luxurious Main Bath. Welcome the Sunrise from the East Balcony and celebrate the sunsets from the West Observation deck, over 644 Sqft of additional enclosed utility/storage space, Outdoor Dipping Pool, Dock, Boat ramp, 2x Outdoor showers (pool & Dock), 20x20 detached Workshop, Space for Boat & RV Parking with full hookup. Minutes from the vibrant phenom, Key West and a 5 minute walk from the County Bayfront Park and Boat ramp. This property is the definition of move in ready, recently replaced appliances and equipment, high speed internet both wired and wireless ready for the most sophisticated AV/IT systems. The quality of this property allows you the luxury of deciding whether to make this your forever home or take advantage of premium long term rental income, or a combination. None of the pictures are AI generated.
  1. Listed by Stephanie Lynn Wise • Keller Williams Key West Compass Realty
  2. Listed by Thomas E Bleckley • Keller Williams Key West Compass Realty

Property Details for 56 Bay Drive

Waterfront
Oceanfront, Canal Front, Bay Front
Waterfront
Yes
Zoning
IS - Improved Subivision District
Subdivision
Bay Point Amd & 1st (15.0)
Vehicle Storage
Garage, Trailer Storage, RV Parking Open, Off Street Parking, Guest Parking, Open Parking, Attached, Carport
Pets
Pets Allowed

Open Houses

Saturday, Jan 3rd

10:00 AM - 12:00 PM

Public

LISTING UPDATED: 12/29/2025 11:15 PM

Property Details for 56 Bay Drive

StatusActive
MLS #616825
Days on Market81
Taxes$7,446 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family
Year Built1978
Lot Size0.40 AC / 17,220 SF
CountyMonroe County

Location

Listing Courtesy of Keller Williams Key West Compass Realty
Add your commute

Building Information for 56 Bay Drive

Stories-Year Built1978Building Size-Lot Size0.40 AC / 17,220 SF

Payment Calculator

$7,020 per month

30 year fixed, 6.28% Interest

Principal and Interest

$6,399

Property Taxes

$621

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 56 Bay Drive

Summary
Location and General Information
  • Waterview: Bay/Gulf View, Open Water View, Canal View
  • Area: 06 - Bay Point to Sugarloaf
  • Absolute Longitude: 81.592715
  • Control Depth: 3
  • Listing Board: Key West Association
  • Side: Ocean
  • Mile Marker: 15.0
  • Marathon Neighborhood: N/A
  • Neighborhood Feature: Community Boat Ramp, Bike Paths, Other Area Features, Tennis Courts
  • Key/Island: Saddlebunch
Taxes and HOA Information
  • Association Info: Mandatory Home Owners Asc: No
  • Association Info: 1st Right of Refusal: No
  • Fee Includes: None
  • Furnished: Partially, Negotiable
  • Tax Year: 2024
  • Tax Exemptions: None
Property
Lot Information
  • Acres: 0.4
  • Parcel #: 00160570-000000
  • Land Size: 1/4 - 1/2 Acre
Property and Assessments
  • Legal: BK 5 LT BK 28 BAY POINT AMENDED PLAT SADDLEBUNCH KEYS PB3-75 OR326-575/76 OR474-281/82 OR580-268D/C OR698-484/86 OR1215
  • MLS Approved: Y
  • SqFt Source: Tax Records
  • Flood Zone: AE,AE
  • Rentals Allowed: With Restrictions
  • Deed Restrictions: Unknown
  • Picture Count: 51
  • Document Count: 0
  • Building Style: Above Flood: Unknown
  • Property Condition: Updated/Remodeled
  • Security: On Premises System, Other
  • Title: Negotiable
Utilities
  • Utilities: FKAA, Buyer to Verify, Municipal Sewer
  • Pub Sewer HkUp: Yes
  • Pool: Yes
  • Pool Info: Other: Dipping Pool
  • Pool Info: Above Ground, Concrete
  • Porch/Balcony: Open Porch/Balcony, Deck, Patio
Interior and Exterior Features
Interior Features
  • Floor: Tile, Combo, Wood
  • Interior Features: Entrance Foyer, Brazilian Quartzite Countertops, Other, Storage, Smoke Alarms
  • Appliances: Washer, Stainless Steel Appliance(s), Wine Cooler, Gas Appliances, Freezer, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
Exterior Features
  • Roof: Metal Roof
  • Dockage: Dock: Other
  • Construction: Frame, Combo Construction, Stucco
  • Dockage: Boat Ramp
  • Exterior Features: Fencing, Storage, Shed, Outdoor Shower
  • Windows/Doors: Impact Rstnce Window, Impact Rstnce Doors
Room Information
  • Specialty Rooms: Utility Room, Workshop

Property History for 56 Bay Drive

DateEvent & SourcePriceAppreciation
Oct 10, 2025

Listed (Active)

FKMLS #616825

$1,295,000
Aug 1, 2025

Temp Off Market

FKMLS #610522

Apr 9, 2025

Backup Contract

FKMLS #610522

Jun 22, 2024

Price Change

FKMLS #610522

$1,453,000
Jun 22, 2024

Price Change

FKMLS #610522

$1,449,000
Jun 22, 2024

Listed (Active)

FKMLS #610522

$1,399,000
Mar 11, 2011

Cancelled

FKMLS #552612

Mar 4, 2011

Sold

FKMLS #113292

$307,125
Mar 4, 2011

Sold

FKMLS #552612

$307,125
Mar 3, 2011

Pending

FKMLS #113292

Feb 22, 2011

Sold (Public Record)

Public Record #305763018

$307,125

-25.8% / yr

Jul 16, 2010

Listed (Active)

FKMLS #552612

$289,900
Jul 16, 2010

Listed (Active)

FKMLS #113292

$289,900
Jul 3, 2007

Sold (Public Record)

Public Record #226226701

$910,000

+22.1% / yr

Dec 27, 2006

Expired

FKMLS #101503

Feb 18, 2006

Listed (Active)

FKMLS #101503

$925,000
Feb 8, 2002

Sold

FKMLS #90980

$372,500
Dec 25, 2001

Pending

FKMLS #90980

May 19, 2001

Listed (Active)

FKMLS #90980

$399,900
Mar 28, 2001

Sold (Public Record)

Public Record #71446568

$260,000
Mar 28, 2001

Sold (Public Record)

Public Record #71446568

$260,000
Mar 23, 2001

Sold

FKMLS #90558

$260,000
Mar 23, 2001

Sold

FKMLS #504327

$260,000
Mar 23, 2001

Pending

FKMLS #90558

Feb 20, 2001

Sold

FKMLS #420177

$111,000
Feb 6, 2001

Pending

FKMLS #504327

Dec 15, 2000

Pending

FKMLS #420177

Oct 18, 2000

Listed (Active)

FKMLS #90558

$279,000
Oct 18, 2000

Listed (Active)

FKMLS #504327

$279,000
Apr 27, 1999

Listed (Active)

FKMLS #420177

$149,000
DateEvent & SourcePrice
10/10/2025

Listed (Active)

FKMLS #616825

$1,295,000
08/01/2025

Temp Off Market

FKMLS #610522

04/09/2025

Backup Contract

FKMLS #610522

06/22/2024

Price Change

FKMLS #610522

$1,453,000
06/22/2024

Price Change

FKMLS #610522

$1,449,000
06/22/2024

Listed (Active)

FKMLS #610522

$1,399,000
03/11/2011

Cancelled

FKMLS #552612

03/04/2011

Sold

FKMLS #113292

$307,125
03/04/2011

Sold

FKMLS #552612

$307,125
03/03/2011

Pending

FKMLS #113292

02/22/2011

Sold (Public Record)

Public Record #305763018

$307,125

-25.8% / yr

07/16/2010

Listed (Active)

FKMLS #552612

$289,900
07/16/2010

Listed (Active)

FKMLS #113292

$289,900
07/03/2007

Sold (Public Record)

Public Record #226226701

$910,000

+22.1% / yr

12/27/2006

Expired

FKMLS #101503

02/18/2006

Listed (Active)

FKMLS #101503

$925,000
02/08/2002

Sold

FKMLS #90980

$372,500
12/25/2001

Pending

FKMLS #90980

05/19/2001

Listed (Active)

FKMLS #90980

$399,900
03/28/2001

Sold (Public Record)

Public Record #71446568

$260,000
03/28/2001

Sold (Public Record)

Public Record #71446568

$260,000
03/23/2001

Sold

FKMLS #90558

$260,000
03/23/2001

Sold

FKMLS #504327

$260,000
03/23/2001

Pending

FKMLS #90558

02/20/2001

Sold

FKMLS #420177

$111,000
02/06/2001

Pending

FKMLS #504327

12/15/2000

Pending

FKMLS #420177

10/18/2000

Listed (Active)

FKMLS #90558

$279,000
10/18/2000

Listed (Active)

FKMLS #504327

$279,000
04/27/1999

Listed (Active)

FKMLS #420177

$149,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 56 Bay Drive

Taxable ValueLand$942,795Additions$290,622Total$1,233,417
Tax Record2024$7,446 ($621 / month)
Home Facts
Beds3Baths2Total Finished SqFt1,372 SqFtAbove Grade Finished SqFt1,372 SqFtStories2Lot Size17,218 SqFtStyleSingle Family ResidenceYear Built1978Year Renovated2014CountyMONROEAPN00160570-000000

Schools near 56 Bay Drive

This home is within Monroe.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - 9 to 12
Charter - K to 8
Rating
School
Distance
Sugarloaf School
PublicPK to 8

Key West High School
Public9 to 12

The College Of The Florida Keys Academy
Charter9 to 12

Sigsbee Charter School
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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56 Bay Drive is a single family home for sale in Key West, FL 33040. This property was listed for sale on October 10, 2025 by Keller Williams Key West Compass Realty, it's currently listed at $1,295,000. It has been on the market for a total of 81 days and was last sold on March 4, 2011. This listing's school district is Monroe. Nearby schools include Sugarloaf School, Key West High School and The College Of The Florida Keys Academy. 56 Bay Drive is a 3-bed, 2-bath, 1,372 sqft single family home built in 1978.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Keller Williams Key West Compass Realty

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.