Fred Mullins, Donna Mullins, & Erin Biby
Coldwell Banker Schmitt Real Estate Company
1201 White Street Ste. 101 Key West, FL 33040
Direct: 305-745-9440 Email: email@example.com
There are many advantages to owning a condo in Key West. As if the location and recreational activities weren't enough, condo owners have the ability to earn extra income by renting during peak seasons during the year. During winter and early spring, there is high demand for Florida Keys rentals since everyone up north wants to get out of the cold. This is good for people not fully ready to make a permanent move.
Owning a condo in Key West also gives you a guaranteed place to stay whenever you need a vacation. Hotels in Key West fill up quickly, and it's nice to know you have somewhere to go should the mood strike for some fun in the sun!
If you use the condo as a vacation property, you can write off some expenses. The IRS has provisions for absentee owners.
On the flip side, full time residents can apply for homestead exemption, which can save them between $25,000 and $50,000 per year on property taxes.
Condo sales in Key West, they are up over 21% from last year. The Condo market in Key West is definitely strong.