78 Bay Drive, Saddlebunch, FL 33040 (MLS# 616566)

78 Bay Drive, Saddlebunch, FL 33040

$1,725,000

Property Type: Residential Bedrooms: 4 Baths: 4 Square Footage: 2,454 Lot Size (sq. ft.): 11,320 Status: Closed

Current Price: $1,725,000 List Date: 9/20/2025 Last Modified: 5/02/2026

Overview

Description

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 ... (Read more)

Listing Details MLS# 616566

Location, Tax & Legal

Street #: 78
Street Name: Bay
Street Suffix: Drive
Key/Island: Saddlebunch
State/Province: FL
Zip Code: 33040
County: Monroe
Subdivision: Bay Point Amd & 1st (15.0)
Area: 06 - Bay Point to Sugarloaf

Contract Information

Listing Board: Key West Association

General Property Description

Realtor.COM Type: Residential - Single Family
Style: Single Family
Waterfront: Yes
Control Depth: 3
Pool: Yes
Year Built: 1963
Lot SqFt: 11320
Acres: 0.24
Living Apx SqFt: 2454
SqFt Source: Property Data Card
Total Bedrooms: 4
Full Baths: 4
Total Baths: 4
Rentals Allowed: Yes

Status Change Info

Under Contract Date: 2026-04-14
Leased Date: 2026-05-01

Association Info

Mandatory Home Owners Asc: No
1st Right of Refusal: No

Dockage

Dock: Wood

More Information

Building Style

Above Flood: Unknown
# Stories: 2 Stories

Property Features

Fee Includes: None Tax Exemptions: None License Info: Non Trans Rntl Lic Waterfront: Oceanfront Waterview: Ocean View Vehicle Storage: Covered Parking; Guest Parking Furnished: Furnished Cooling: Ductless; Wall/Window Unit(s) Heating: None Utilities: FKAA; Municipal Sewer Specialty Rooms: Laundry Room; Sun/Florida Room Appliances: Gas Appliances; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer; Wine Cooler Pool Info: In Ground Construction: CBS Shutters: Panel Floor: Laminate; Tile; Wood Roof: Metal Roof Pets: Pets Allowed Land Size: 1/4 - 1/2 Acre

Listing Office: Coastal Collection Real Estate Inc.

Last Updated: May - 02 - 2026

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