Condo living could be the solution if you want a low-maintenance lifestyle that gives you more time and energy to do the things you love. Condos in the Florida Keys range in size and price from small, non-waterfront units with one bedroom to large, waterfront units with multiple bedrooms and various high-end features. You can spend more time doing what you love, like exploring the island and making memories, because the tropical landscaping, private pools, and exterior building maintenance are all taken care of for you. Some of the condo developments in the Keys even have private sandy beaches and docks on the water. Embark on a journey to the tropics by calling me right now. I can assist you in locating a condo that suits your needs.
The Florida Keys National Marine Sanctuary encompasses 2,900 square nautical miles and surrounds the entire Keys island chain, protecting the Keys' water, coral reef, mangroves, and more than 6,000 species of marine life. Condos in the Florida Keys often have the resort-like atmosphere of a five-star hotel due to the abundance of amenities available in many communities, such as tropical landscaping, swimming pools, beaches, and breathtaking seascapes. Building height restrictions and a lack of available land mean that most condo developments in the Keys take the form of small, garden-style structures, making for a more intimate and peaceful lifestyle. Luxury condos in Florida are in high demand because many people are moving there to enjoy the warm weather, fresh air, and the absence of state income tax. In the Sunshine State, the overall property tax rate will change from county to county. If you're looking into buying a luxury condo in the Florida Keys, you should know that property taxes are a factor. Compared to the rest of Florida and the rest of the country, Monroe County's current tax rate of 0.98% on residential property is significantly lower than that of many coastal counties. Homestead-exempt properties in Florida can have their assessed values go up by no more than 3% per year, or the Consumer Price Index (CPI), whichever is less. If the property's ownership changes, the capped value will "reset" to its true market price. Be sure to ask about Homeowners Association (HOA) dues when looking at a condo for sale in the Keys, Florida, and double-check that your monthly or quarterly HOA payment covers everything you expect it to, such as flood and wind insurance. Homebuyers in the Keys may find it more cost-effective to insure their property through a homeowners association (HOA) master policy, where condo owners pay a portion of the overall insurance costs (typically included in the dues). Always ask about HOA dues, and any special assessments, and review the associations' Covenants, Conditions, and Restrictions if you are considering buying a condo in the Florida Keys from the owner.
Real Estate Information
The world's priciest condo in 2022 cost $3,350,000. The cheapest 2022 condo sold for 120,000. Upper Matecumbe was the site of 2022's priciest condo sale. A Key West condo was the year's least expensive sale. The largest condo to sell in 2022 was 2,997 square feet. In 2022, a 285-square-foot condo was the smallest unit to sell. The priciest townhouse sold in 2022 was a $3,250,000 model. The cheapest townhouse ever sold was a $150,000 model in 2022. In all of the Keys in 2022, there were slightly more than 350 condo sales. The highest building in the Keys is Bonefish Tower, which has 75 condos.
The Keys are located south of Miami, off the southeastern coast of the Florida Peninsula. After passing Key West, it curves gently to the south-southwest and heads west to the uninhabited Dry Tortugas. The islands are located in the Florida Straits, the body of water that links the Atlantic Ocean to its western counterpart, the Gulf of Mexico. Likewise, this defines one side of Florida Bay. There is a point at which the distance between Key West and Cuba is only 93 miles.
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Middle Keys, FL Market Report:
Median Listing Home Price: $1,300,000
Median Listing Home Price Per Sqft: $838
Median Rent: $1,332
Home Ownership Percentage: 51.4%
Middle Keys, FL Community Report:
Average Household Income: $87,923
Median Age: 48.5
Cost of Living Score: 135.1
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If you require a Buyer's Agent to represent you during your transaction, please feel free to contact our office at 305-912-2177. We would be glad to work with you to get the best deal possible for your transaction.
Tracy Chacksfield LLC
9141 Overseas Highway
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