78 Bay Drive
Saddlebunch, FL 33040
MLS# 616566
Status:
Closed4 beds | 4 baths | 2454 sqft
Property Description78 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.
Current Price: $1,725,000
Listing Date: 2025-09-19
Listing Board: Key West Association
Leased Price Monthly: $1,725,000
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
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
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Above Flood: Unknown
# Stories: 2 Stories
Under Contract Date: 2026-04-14
Leased Date: 2026-05-01
Leased Price Monthly: $1,725,000
Status: Closed
License Info: Non Trans Rntl Lic
Vehicle Storage: Covered Parking; Guest Parking
Cooling: Ductless; Wall/Window Unit(s)
Utilities: FKAA; Municipal Sewer
Specialty Rooms: Laundry Room; Sun/Florida Room
Appliances: Gas Appliances; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer; Wine Cooler
Floor: Laminate; Tile; Wood
Land Size: 1/4 - 1/2 Acre
Listing Office: Coastal Collection Real Estate Inc.
Last Updated: May - 02 - 2026
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