So You Think Key West Real Estate Prices Are High, Check This Out

By
Real Estate Agent with Preferred Properties Key West


I woke up earlier than usual today and was passing time on Twitter when I saw a couple of photos from a house for sale at 702 Fremont Avenue, South Pasadena, California. The poster commented about prices being out of control. People are saying the same thing about the price of houses in Key West. So I decided to GOOGLE the house. 

 

A couple of photos of the house, to wit:

 

 

Doesn't look so bad to me.  

Okay, it needs some roof and drywall work done.

So it needs a lot of work. Offered for sale at $1,395,000. 

I searched the Key West MLS for active single family houses priced $1,390,000 to $1,400,000 and found only one house. It is located at 3122 Riviera Canal Drive, Key West. It is offered for sale at $1,395,000. Same cost, different coasts. You decide.

 

The backyard and pool open out to the Riviera Canal which runs about a mile or so until it flows into the Cow Key Channel and then out to the Atlantic Ocean.

 

Opposing view from the canal looking toward the house. That tree in the foreground is a frangipani or plumeria tree. They have fragrant beautiful flowers which are used in making perfume. 

Maybe the Twitter guy who complained about the South Pasadena housing prices is correct. Then again Key West has its own very expensive fixer uppers. But at the $1,395,000 price point, Key West beats South Pasadena to pieces. 

 

 

 



 

Comments (6)

Bill Salvatore - YVP Blog
Arizona Elite Properties - Chandler, AZ
Realtor - Valley of the Sun / golfArizona@cox.net

1.4M for a fixer-upper.  Just insane.  The value is always in the dirt below the structure.  Make it the BEST Weekend, thanks for the post.  Bill Salvatore 

Apr 17, 2021 04:34 AM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, eXp Realty - Kalispell, MT
Helping your Montana dreams take root

Wow - that first house is $1.4M? Unbelievable. The Key West house at $1.4M makes a lot more sense.

Apr 17, 2021 05:08 AM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Gary. You got the price complaint for your area covered. Many are choosing Florida over California for many reasons. Law and order may top price in the consideration. Enjoy your day.

Apr 17, 2021 05:18 AM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Gary - when it comes to real estate, a discussion of "relative affordability" needs to be exchanged  Obviously, location and other factors do as well.  Of course, "asking prices" as well as the reliability of the information follow.  After all, it's real estate and that is sure to be a conversation-starter.  

Apr 17, 2021 05:37 AM
Gary Thomas

I was surprised by the disparity. Usually we are very high. Not here. Not this time. I did not know about the Riviera house. That is a good value because of that location.

Apr 17, 2021 06:23 AM
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Gary- give me Florida any day!

Apr 17, 2021 04:43 PM
Ben DeHaven
Haven Realty & Investments - Winter Haven, FL
Proudly serving Winter Haven & Lakeland, Florida

I'll take the key west home every time! Love it and thanks for sharing. 

 

Apr 20, 2021 11:34 AM

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