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We also dove deep into the unique qualities of Key West’s neighborhoods and did the math to help you understand what your budget will look like if you decide to set sail. All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Coldwell Banker Realty and Guaranteed Rate Affinity, LLC share common ownership and because of this relationship the brokerage may receive a financial or other benefit. You are not required to use Guaranteed Rate Affinity, LLC as a condition of purchase or sale of any real estate. Operating in the state of New York as GR Affinity, LLC in lieu of the legal name Guaranteed Rate Affinity, LLC.
Nearby City Housing Markets
Nine different neighborhoods, each with their own character, make up Key West’s One Human Family. At HomeLight, our vision is a world where every real estate transaction is simple, certain, and satisfying. Therefore, we promote strict editorial integrity in each of our posts.
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If older homes, leisurely walks, and plentiful restaurants and bars are what you’re looking for, this neighborhood is an excellent choice, and it’s where most of Salazar’s clients are looking. Located at the very end of Florida’s Highway 1, Key West is 4 miles long and 2 miles wide, with a population of 24,500 as of 2020. Given its small size, you can sell your car and opt to bike or walk around the island instead. Chances are good you’ll be running into friendly faces in no time. Flood insurance is another cost you’ll need to consider, since flood damage is often not covered under home insurance policies. According to the Key West city government, there are 8,000 active flood insurance policies, each costing an average of $1,510 annually.
Waterfront homes for sale & real estate in Key West, FL
As you do the math, remember to figure in property taxes. For a house with a market value of $732,500, your Key West taxes will be about $6,400, according to Monroe County, Florida’s online tax estimator. You can reduce property taxes by about $400 if you apply for a homestead exemption.
Florida has some of the highest insurance premiums in the country. The average Florida rate of $3,643 is 58% above the national average, according to Insurance.com. As of December 2020, the average rent for a Key West apartment was $2,461, once again well above the national median of $1,465. With its warm weather, laid-back culture, and happy-hour vibe, it’s also an attractive place to live.
Florida tosses climate lifeline to swamped 'Keybillies' - E&E News by POLITICO
Florida tosses climate lifeline to swamped 'Keybillies'.
Posted: Mon, 08 May 2023 07:00:00 GMT [source]
If you want the island lifestyle, but also some of the suburban living amenities that make full-time island living a little easier, this is a great neighborhood to explore. The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) program of The Fort Lauderdale Board of Realtors. Real estate listings held by firms other than Weichert Realtors, include the Listing Broker’s Firm Name. This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. Contact a local real estate professional or the school district(s) for current information on schools.
Homes with a View for Sale in Key West, FL
Even in the aftermath of 2017’s Hurricane Irma, Key West and the Florida keys attracted 5.1 million visitors, according to 2018 county tourism data. Your heart might be set on owning a piece of island property, so let’s crunch the numbers. Assuming you put down 20% on a $732,500 house at January 2021 market rates, your monthly interest and principal will be $2,417.
The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Weichert Realtors is one of the nation's leading providers of Key West, Florida real estate for sale and home ownership services. Contact Weichert today to buy or sell real estate in Key West, FL. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. This information is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Florida Association of Realtors and its cooperating MLSs do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.
Other styles include shotgun houses, single-story cottages built by Cuban cigar barons for their workers, and Victorian-style homes. Many homes are painted in bright pastel colors, a nod to the Bahamian influence that still can be seen throughout the island. Located on the eastern part of the island, New Town includes shopping centers and grocery stores including Publix and Winn-Dixie. It’s also close to Key West High School, which rates as average compared to other schools in Florida. And if you are planning on traveling off the island regularly, New Town puts you right next to Key West International Airport. IDX information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
The median sale price of a home in Key West was $1.1M last month, up 8.6% since last year. The median sale price per square foot in Key West is $918, up 1.9% since last year. At least two people have been killed in another Russian strike, this time targeting the northeastern city of Kharkiv, local officials say. Plenty of people want to live in paradise, so you can expect strong competition to buy a house in Key West, especially during the high-demand winter season. A strong buyer’s agent will help you navigate the city’s hot market, while avoiding some of the pitfalls that can make living here challenging. In New Town, the housing stock is newer, yards are larger and prices are significantly lower than in Old Town.
The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. All properties are subject to prior sale or withdrawal.
Federal law prohibits discrimination on the basis of race, color, sex, religion, handicap, familial status or national origin in the sale, rental or financing of housing. There are currently 35 new listings for sale in Key West at a median listing price of $1.4M. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in Key West stay on the market for 87 days. This map is refreshed with the newest listings in Key West every 15 minutes.
Everything seems to cost more on vacation, and the same can be true when you live in a destination spot. Each WEICHERT® franchised office is independently owned and operated. Yes, I would like more information from Coldwell Banker. Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs. Emergency services are on the scene, local officials say.
Late Sportswriter Frank Deford's Key West Home on the Market for $3.9M - Realtor.com News
Late Sportswriter Frank Deford's Key West Home on the Market for $3.9M.
Posted: Fri, 09 Apr 2021 07:00:00 GMT [source]
There are currently 97 waterfront homes for sale in Key West at a median listing price of $1.4M. There are currently 109 homes with a view homes for sale in Key West at a median listing price of $1.4M. There are currently 0 homes for sale under $300k in Key West. Coldwell Banker Realty can help you find Key West homes for sale, condos and rentals. Refine your Key West real estate search results by price, property type, bedrooms, baths and other features. View our Key West real estate offices and let us help you find the perfect property.
Kaitlynn Copinger is a freelance writer based in Virginia Beach. She is a former newspaper reporter with more than a decade of professional writing experience. Having bought and sold one house, then relocating and purchasing another, Kaitlynn knows well the challenges and joys of home ownership.
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