Real Estate in the Florida Keys

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Your Guide To The Finest Real Estate in the Florida Keys

 

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Credit: Image by Ярослав Алексеенко | Unsplash

 

Florida Key’s Real Estate Guide for All Homebuyers

The Florida Keys, with their picturesque landscapes and vibrant communities, have long been a coveted destination for those seeking a slice of tropical paradise. Whether you’re looking for a vacation home, an investment property, or a permanent residence, the real estate in the Florida Keys offers a diverse range of options to suit every buyer’s needs.

In this comprehensive guide, we’ll provide valuable insights and essential information for all homebuyers considering making this unique and stunning archipelago their home.

 

Looking Into The Beauty of Florida Keys

The Florida Keys comprise a chain of islands extending from the southern tip of Florida into the Gulf of Mexico. Key Largo, Islamorada, Marathon, Big Pine Key, and Key West are some of the well-known keys that make up this captivating region. Each key has its distinct personality and charm, making it essential to research and explore which one aligns best with your lifestyle and preferences.

Further, this article will lead you to some of the best-known neighborhoods in the Florida Keys. An overview of their description and real estate market will also be provided to help you make the best decision.

 

Types of Properties Available in the Real Estate of Florida Keys

Whichever property type you wish to purchase in real estate in the Florida Keys, you will surely benefit a lot more than you expect! Here are the available property types in the area:

  • Single-Family Homes
    Single-family homes are a prevalent property type in the Florida Keys. From charming beachfront cottages to luxurious waterfront estates, there’s a diverse selection of single-family homes available to suit various budgets and tastes.
  • Condominiums and Townhomes
    Condos and townhomes are popular options, particularly for those seeking low-maintenance living. Many condo complexes offer resort-style amenities, such as pools, fitness centers, and private beaches.
  • Vacation Rentals
    With the thriving tourism industry in the Florida Keys, vacation rental properties can be an excellent investment opportunity. Before purchasing, familiarize yourself with local regulations and restrictions on vacation rentals.
  • Waterfront Properties
    Waterfront living is a dream for many in the Florida Keys. Whether you desire a canal-front home with a boat dock or a beachfront property with breathtaking views, the options for waterfront living are abundant.

 

The Best Florida Key’s Neighborhoods

Key Colony Beach: A Seaside Paradise
Nestled in the heart of the Middle Keys, Key Colony Beach is a charming seaside community known for its picturesque canals and waterfront properties. It’s a haven for boating enthusiasts, with easy access to the Atlantic Ocean and the Gulf of Mexico. Stroll along the scenic Sadowski Causeway and experience the true essence of waterfront living.

  • Selling for $4,799,000 was the most expensive single-family property in 2022.
  • The highest price paid for a condo in 2022 was $1,225,000.
  • The highest-priced half-duplex in 2022 fetched $1,600,000.
  • As of 2022, the largest single-family house sold was 5,185 sqft.
  • As of 2022, the largest condo sold was 1,901 sqft.
  • For the year 2022, the lowest-priced single-family home went for $845,000
  • Selling for $235,000 in 2022 was the lowest price for a condo.
  • As of 2022, the lowest-priced half-duplex went for $299,000
  • Single-family homes with the smallest size were sold in 2022 for 1,155 sqft.
  • The smallest condo sold in 2022 was 550 sqft.

 

Marathon: A Family-Friendly Oasis

For those looking for a more family-oriented atmosphere, Marathon is the perfect choice. Situated in the middle of the Keys, it provides easy access to all the islands’ attractions. The Sombrero Beach area is a popular destination; with its beautiful sandy shores and nearby amenities, this is a place you would want to raise a family.

  • The highest-priced Marathon Key real estate listing in 2022 was $12,200,000.
  • In 2022, the most costly condo fetched $1,175,000.
  • The priciest sale of undeveloped land in 2022 was $9,300,000.
  • In 2022, the biggest size of single-family homes sold was 16,000 sqft.
  • The largest condominium sold in 2022 was 2,440 sqft.
  • In 2022, the most inexpensive Marathon real estate was sold for $65,000.
  • The most inexpensive condominium unit was sold for $275,000 in 2022
  • In 2022, the lowest price for unoccupied land (without a building right) was $130,000.
  • In 2022, the smallest size for a single-family home sale was 543 sqft.
  • By 2022, the smallest condo deal size had reached 425 sqft.

 

Duck Key: The Sunshine State’s Paradise

Duck Key is a prestigious neighborhood known for its upscale homes, private beaches, and the iconic Hawks Cay Resort. It’s an ideal location for families seeking a tranquil yet luxurious lifestyle in the Florida Keys. Duck Key has also become a popular spot for high-end real estate, including some of the Middle Keys’ most prominent addresses. Even the pickiest homebuyer can find the perfect place to call home in Duck Key, Florida.

  • As of 2022, the priciest Duck Key home on the market was $3,250,000.
  • The priciest townhome or apartment sold for $1,100,000 in 2022.
  • The highest price paid for undeveloped land in 2022 was $825,000.
  • The biggest single-family home purchase size in 2022 was 3,636 sq ft.
  • the largest size of a townhome or condo sold in 2022 was 1,364 sqft.
  • In 2022, the lowest-priced Duck Key home went for $549,000.
  • Selling for $348,000 in 2022 was the lowest price for a condo or townhome.
  • A purchase of vacant land in 2022 cost no more than $150,000.
  • For single-family homes, the smallest size transaction in 2022 was 1,159 sqft.
  • Among all condo and townhome transactions in 2022, the smallest size was 510 sqft.

 

Why Should You Move to the Florida Keys?

Year-Round Tropical Paradise
The constant tropical weather is one of the best things about living in the Florida Keys. Say goodbye to chilly winters and hello to a year-round summer because the average temperature rarely drops below 70°F (21°C). Just picture yourself waking up every day to the Florida Keys’ signature sunlight and soft ocean breezes.

Azure Seas and Immaculate Beaches
Some of the world’s most beautiful beaches are in the Florida Keys. A wide variety of aquatic adventures await you in Bahia Honda State Park, with its pure white dunes, and John Pennekamp Coral Reef State Park, with its vivid coral reefs. These pristine seas will enchant anyone, be they snorkelers, divers, or casual beachgoers.

Beautiful Waterfront Home
If you’ve ever wanted to live on the water, the Florida Keys are the place for you. You can incorporate boating, fishing, and water sports into your everyday routine with the abundance of canals, bays, and the Gulf of Mexico right at your doorstep.

Distinct Island Way of Life
There is no American culture that is identical to that of the Florida Keys. A vibrant blend of culture, music, and cuisine shaped by Cuban, Bahamian, and Spanish ancestry is on display. Particularly well-known is Key West’s thriving arts scene, which features performances by local artists at any number of venues.

Countless Adventures in Nature
The Florida Keys provide an abundance of outdoor activities for those who love being outside; whether you like paddling through mangrove tunnels, hiking in Key Deer Refuge, or exploring Everglades National Park, there are plenty of opportunities to immerse yourself in nature.

Job Market on the Rise
There is a robust job market in the Florida Keys despite the island’s reputation for relaxation. Jobs abound in the marine sector, the tourism industry, and the hospitality sector. It is now easier than ever to strike a balance between work and personal life, thanks to the proliferation of remote work choices.

A Variety of Housing Choices
The real estate in the Florida Keys provides a diverse selection of homes to fit any style and budget, from beachfront condos to lovely cottages and expansive waterfront estates.

Unforgettable Wildlife Meetings
For nature lovers, the Florida Keys are the perfect getaway. Friendly manatees, dolphins, and sea turtles are just a few of the local wildlife that visitors may expect to see while they enjoy this tropical paradise.

Festivities and Celebrations of Culture
Numerous cultural festivals and activities take place all year round in the Florida Keys. In this lively town, you may find a wide variety of events, from regattas to art shows and seafood festivals.

Eco-Friendly Daily Life
Preservation and sustainability of the environment are priorities for the Florida Keys. Being a part of a community that recognizes the importance of preserving its natural resources is something to be proud of.

Celebrations at Sunset
You must attend the nightly Sunset Celebration in Mallory Square in Key West. Be a part of the crowd as you witness the sun set over the horizon, accompanied by a mesmerizing array of hues.

Environmentally Friendly Travel
Sustainable tourism practices are prioritized to ensure that the Keys’ natural beauty is preserved for decades to come.

Relaxation Mode
Relaxation is the name of the game in the Florida Keys. Welcome the “Keys disease”—the inclination to unwind, take it easy, and savor every moment.

Easy Access
Traveling to neighboring mainland cities and attractions is a breeze from the Florida Keys, thanks to the Overseas Highway and boats!

 

Wrap Up

The Florida Keys offer a unique blend of natural beauty, vibrant culture, and endless recreational opportunities. However, purchasing real estate in this tropical paradise requires careful consideration of various factors, from property type and budget to local regulations and environmental concerns.

By taking the time to research and seek guidance from experienced professionals thoroughly, you can navigate the real estate in the Florida Keys with confidence. Contact us at your earliest convenience so we can talk about the best options you have in this market. You may opt to visit this link for further information as well: https://middlefloridakeysrealestate.com/