78 Bay Drive, Saddlebunch, FL 33040

$1,849,999

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

Current Price: $1,849,999 List Date: 9/20/2025 Last Modified: 4/16/2026

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 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.

More Information MLS# 616566

Contract Information

Listing Board: Key West Association Current Price: $1,849,999 Listing Date: 2025-09-19 List Price: $1,849,999

Location, Tax & Legal

City: Saddle Bunch Mile Marker: 15 Marathon Neighborhood: N/A Side: Ocean Flood Zone: AE,VE Alternate Key #: 1206253 Parcel #: 00160680-000000 Zoning: IS - Improved Subivision District Deed Restrictions: Unknown Legal: BK 5 LT 39 BAY POINT AMENDED PLAT SADDLEBUNCH KEYS PB3-75 OR272-110 OR618-113 OR777-965 OR433-265/66 OR842-1668 OR928-2 Taxes: 9659.45 Tax Year: 2024 Pub Sewer HkUp: Yes 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

General Property Description

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

Remarks & Misc

Remarks – Consumer: 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.

Association Info

Mandatory Home Owners Asc: No 1st Right of Refusal: No Association Fee $: 0

License Info

Non Trans Rntl Lic: 1

Fee Includes

None: 1

Dockage

Dock: Wood

Tax Exemptions

None: 1

Appliances

Gas Appliances: 1 Oven: 1 Range: 1 Refrigerator: 1 Stainless Steel Appliance(s): 1 Washer: 1 Wine Cooler: 1

Pets

Pets Allowed: 1

Cooling

Ductless: 1 Wall/Window Unit(s): 1

Heating

None: 1

Waterfront

Oceanfront: 1

Waterview

Ocean View: 1

Floor

Laminate: 1 Tile: 1 Wood: 1

Specialty Rooms

Laundry Room: 1 Sun/Florida Room: 1

Building Style

Above Flood: Unknown Stories: 2 Stories

Windows/Doors

Impact Rstnce Window: 1 Other Windows/Doors: 1

Vehicle Storage

Covered Parking: 1 Guest Parking: 1

Construction

CBS: 1

Land Size

1/4 - 1/2 Acre: 1

Furnished

Furnished: 1

Utilities

FKAA: 1 Municipal Sewer: 1

Porch/Balcony

Deck: 1 Open Porch/Balcony: 1

Pool Info

In Ground: 1

Roof

Metal Roof: 1

Shutters

Panel: 1

Status Change Info

Contingent: Contingent/Show Status: Contingent/Show

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: April - 16 - 2026

The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.

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