If you’re considering buying or selling a home in the Florida Keys, understanding the local real estate landscape is essential. As a local realtor deeply familiar with the unique characteristics of this beautiful island chain, I’ve compiled 20 facts about the Florida Keys to help you navigate the market confidently. Whether you’re a first-time buyer, an investor, or looking to sell, these insights will give you a solid foundation about what makes the Keys real estate market special.
1. The Florida Keys are a unique chain of over 1,700 islands.
Stretching about 120 miles from Key Largo to Key West, the Keys offer a wide variety of living options — from waterfront condos to historic cottages.
2. The Keys are divided into Upper, Middle, and Lower regions.
Each region has distinct neighborhoods and real estate dynamics, so your location choice greatly affects property values and lifestyle.
3. Waterfront properties dominate the market.
Many homes have direct ocean, bay, or canal access, which adds premium value but also means dealing with environmental regulations.
4. The Florida Keys are a hurricane-prone area.
Building codes are strict to ensure homes withstand storms, but flood insurance and storm preparedness are vital considerations for buyers.
5. The median home price in the Florida Keys is higher than the national average.
Due to limited land, high demand, and exclusive waterfront access, real estate here tends to command premium pricing.
6. There is limited inventory and low vacancy rates.
Homes in the Keys sell quickly, so buyers should be prepared to act fast when they find a desirable property.
7. Vacation rentals are popular and regulated.
Many properties serve as short-term vacation rentals, but local ordinances regulate their operation, affecting rental income potential.
8. The Keys attract a mix of retirees, second-home buyers, and seasonal residents.
This diverse buyer pool impacts market trends and neighborhood vibes.
9. Environmental conservation affects real estate development.
Strict zoning laws and protected marine areas limit new construction and preserve the natural beauty.
10. Waterfront homes may require maintenance for saltwater exposure.
Buyers should budget for upkeep like corrosion control and hurricane-proofing.
11. Property taxes in the Keys vary by county but tend to be moderate compared to mainland Florida.
Tax rates and exemptions should be reviewed during the buying process.
12. Many properties are historic or have unique architectural styles.
From conch-style cottages to modern coastal homes, the Keys offer a wide architectural spectrum.
13. The Keys have a strong second-home and investment market.
Real estate here is often purchased as a vacation spot or rental investment.
14. The local market can be seasonal.
Prices and inventory may fluctuate with the tourist season and economic shifts.
15. The Keys are connected to the mainland by the Overseas Highway.
This accessibility enhances the appeal but also means traffic and evacuation routes can impact daily life.
16. New construction often involves higher costs.
Due to logistics and environmental regulations, building or renovating in the Keys can be more expensive than on the mainland.
17. The Keys offer unique lifestyle perks that influence real estate demand.
Boating, fishing, diving, and a laid-back island atmosphere attract buyers willing to pay a premium.
18. Flood zones are common.
Buyers should understand FEMA flood maps and insurance requirements before purchasing.
19. The Keys are experiencing gradual growth.
While development is controlled, there are opportunities for new buyers as infrastructure and amenities improve.
20. Working with a local realtor is crucial.
Navigating the Keys’ distinct market, regulations, and lifestyle factors requires expert guidance to ensure a smooth transaction.
Final Thoughts
The Florida Keys offer an unparalleled blend of natural beauty, vibrant culture, and real estate opportunity. Whether you’re looking for a vacation home, investment property, or your permanent residence, knowing these 20 facts about the Florida Keys will help you make informed decisions. If you have questions or want to explore available properties, feel free to reach out. As a local expert, I’m here to guide you every step of the way.
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