57 Palm Dr Key West, FL 33040
Estimated payment $4,896/month
About This Home
Tropical Waterfront Oasis - Affordable Island Living Just 15 Mins from Key West.Discover the perfect blend of adventure, comfort and peace of mind in this elevated 3-bedroom, 3 bath coastal retreat, located in one of the Lower Keys most affordable and family friendly neighborhoods. Just a short 15 min drive to Key West, this move-in ready home is freshly painted and waiting for your next chapter - whether that's raising a family, enjoying semi-retirement or investing in a high demand vacation rental.Step outside to your own private backyard boat launch, ideal for kayaking, paddle boarding, boating and fishing right from your doorstep. Imagine weekends spent exploring the crystal-clear waters or teaching the kids to fish in your backyard haven.Built for both fun and resilience, this elevated home features impact-resistant windows and doors, offering added peace of mind during hurricane season and affordable insurance rates to match. Inside the open layout is ideal for relaxed family living, with one bedroom on the first floor and two on the second.Whether you are a young family, a couple looking to enjoy the island lifestyle or an investor seeking a rental gem, this property checks all the boxes.Waterfront adventure, modern safety features and unbeatable value - don't miss this tropical escape that's closer to Key West than you think!
Map
Home Details
Home Type
Single Family
Est. Annual Taxes
$3,963
Year Built
2016
Lot Details
0
Listing Details
- Property Type: Residential
- Style: Single Family
- First Right of Refusal: No
- Mandatory HOA: No
- Control Depth: 3
- Dockage Seawall: Concrete
- Fee Includes: None
- Financial Status Bank Owned: No
- Financial Status Potential Short Sale: No
- Key Island: Saddlebunch
- Limited Representation: No
- Marathon Neighborhood: N/A
- Mile Marker: 15.00
- M L S Identifier: 20060123165453488875000000
- Neighborhood Feature: Fire Hydrant
- Pets: Pets Allowed
- Property Group I D: 19990816212109142258000000
- Side: Ocean
- State Province: FL
- Taxes: 4216.13
- Vehicle Storage: Guest Parking, Covered Parking, Off Street Parking
- Year Built: 2016
- Alternate Key Number: 9102415
- Cooling Heating: Central Air, Ceiling Fans(s)
- Lot Sq Ft: 2625.00
- Porch Balcony: Open Porch/Balcony, Patio
- Tax Exemptions: None
- Building Style Above Flood: Yes
- Estimated Living Sq Ft: 1380.00
- Sewer Hook Up: Yes
- Statistical Purposes Only: No
- Special Features: None
- Property Sub Type: Detached
Interior Features
- Interior Amenities: Pantry, Smoke Alarms, Built-in Cabinets
- Total Bathrooms: 3.00
- Full Bathrooms: 3
- Appliances: Washer, Stainless Steel Appliance(s), Disposal, Microwave, Oven, Refrigerator, Dishwasher, Dryer
- Windows/Doors: Impact Rstnce Doors
- Total Bedrooms: 3
Exterior Features
- Waterfront: Canal Front
- Waterfront: Yes
- Construction: Modular
- Roof: Metal Roof
- Waterview: Canal View
- Pool: No
Utilities
- Utilities: FKAA, Municipal Sewer
- Heating: Central
Lot Info
- Deed Restrictions: Unknown
- Flood Zone: AE
- Parcel Number: 00161860-000100
- Land Size: Less Than 1/4 Acre
- Acres: 0.06
Rental Info
- Rentals Allowed: With Restrictions
Tax Info
- Tax Year: 2024
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $3,963 | $476,704 | -- | -- |
| 2023 | $3,963 | $455,789 | $0 | $0 |
| 2022 | $3,851 | $442,514 | $0 | $0 |
| 2021 | $3,958 | $429,626 | $117,318 | $312,308 |
| 2020 | $4,340 | $426,705 | $116,655 | $310,050 |
| 2019 | $3,846 | $412,852 | $0 | $0 |
| 2018 | $4,479 | $428,229 | $172,994 | $255,235 |
| 2017 | $4,095 | $391,910 | $0 | $0 |
| 2016 | $1,162 | $79,545 | $0 | $0 |
| 2015 | $804 | $79,545 | $0 | $0 |
| 2014 | $960 | $90,814 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/10/2025 09/10/25 | Price Changed | $857,000 | -2.5% | $621 / Sq Ft |
| 08/12/2025 08/12/25 | For Sale | $879,000 | +77.6% | $637 / Sq Ft |
| 03/19/2018 03/19/18 | Sold | $495,000 | 0.0% | $359 / Sq Ft |
| 12/09/2017 12/09/17 | Pending | -- | -- | -- |
| 12/07/2017 12/07/17 | For Sale | $495,000 | +10.2% | $359 / Sq Ft |
| 05/04/2016 05/04/16 | Sold | $449,000 | -9.3% | $322 / Sq Ft |
| 03/09/2016 03/09/16 | Pending | -- | -- | -- |
| 02/04/2016 02/04/16 | For Sale | $495,000 | -- | $355 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $525,000 | Patricia Gessel Pl | |
| Warranty Deed | $495,000 | None Listed On Document | |
| Warranty Deed | $495,000 | None Listed On Document | |
| Warranty Deed | $449,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $534,187 | New Conventional | |
| Previous Owner | $470,250 | New Conventional | |
| Previous Owner | $470,250 | New Conventional | |
| Previous Owner | $417,000 | New Conventional | |
| Previous Owner | $0 | Balloon | |
| Previous Owner | $122,500 | Balloon |
Source: Key West Association of REALTORS®
MLS Number: 616120
APN: 00161860-000100
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