Welcome to a rare gem in Grassy Key--this unique property offers an incredible opportunity to own a piece of Florida Keys history. Nestled on a spacious 20,000 sq ft (.46-acre) lot surrounded by mature shade trees, this charming 2-bedroom, 1-bathroom original Conch bungalow offers 1,160 sq ft of character and potential.Once home to the beloved 'Hidey Hole' Bar & Grill, the building has been thoughtfully converted into a cozy residence featuring high ceilings in the living and dining areas, impact windows, concrete construction and metal roof.The expansive lot offers plenty of room to grow--add a pool, tiki hut, guest house, or other accessory structures to make the most of this tropical oasis.Located conveniently near dining, shopping and boat ramp, this home combines island living with unbeatable access to all the Keys have to offer.This property includes a transient rental license, allowing for weekly, monthly, or annual rentals--a perfect investment opportunity or tropical getaway with income potential.Don't miss out on owning a piece of Florida Keys history!
For sale
Price cut: $28K (6/15)
$647,000
58704 Overseas Hwy, Grassy Key, FL 33050
2beds
1,160sqft
Est.:
Single Family Residence
Built in 1948
0.46 Acres Lot
$625,000 Zestimate®
$558/sqft
$-- HOA
What's special
Mature shade treesTropical oasisMetal roofExpansive lotImpact windows
- 117 days
- on Zillow |
- 414 |
- 22 |
Zillow last checked: 7 hours ago
Listing updated: June 15, 2025 at 12:35am
Listed by:
LISA FRINS P.A. 305-522-1479,
Berkshire Hathaway HomeServices Keys Real Estate - Islamorada
Source: FLKMLS,MLS#: 614595
Originating MLS: Florida Keys

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Washer, Oven, Range, Refrigerator, Dishwasher, Dryer
Features
- Flooring: Laminate
- Windows: Drapes/Blinds Incl, Impact Rstnce Window
Interior area
- Total interior livable area: 1,160 sqft
Video & virtual tour
Property
Parking
- Parking features: Open
- Has uncovered spaces: Yes
Features
- Levels: Ground Level
- Exterior features: Storage
- Water view: None
- Waterfront features: None, Dockage: None
Lot
- Size: 0.46 Acres
- Features: 1/4 - 1/2 Acre
Details
- Parcel number: 00366800000100
- Zoning: RM
- Zoning description: Residential Medium
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- CBS, Concrete
- Roof: Metal
Condition
- Year built: 1948
Utilities & green energy
- Sewer: Municipal Sewer, Public Sewer
- Utilities for property: FKAA, Cable Connected
Community & HOA
Community
- Security: No Security
- Subdivision: Crains Sub (58.0)
HOA
- Has HOA: No
- Services included: None
Location
- Region: Grassy Key
Financial & listing details
- Price per square foot: $558/sqft
- Tax assessed value: $412,219
- Annual tax amount: $4,443
- Date on market: 4/11/2025
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