Key West Blog

Buying Property in Key West

Key West Golf Club Townhomes


Considering buying property in Key West, Florida? Our dedicated team at Royal Palms Realty is happy to assist you. Key West is an excellent location for purchasing a beautiful new home and has long been a popular destination for tourists from all over the world, but is also a great place to call home. From its vibrant culture to its stunning beaches and warm climate, there are plenty of reasons why people choose to purchase property in Key West.

Need help buying property in Key West, Florida? This charming island city will not disappoint you and is the perfect location for investing in property or retiring. But before you take the plunge and start searching for homes or condos for sale, there are some key points about the real estate market in Key West that you should know about. Below are some useful tips to make the entire purchasing process smoother:

  1. Work with a reputable local real estate agency such as Royal Palms Realty. Key West is a unique market, so it’s important to work with an agent who understands the nuances of buying property on the island. We can show you properties that fit your criteria and help you negotiate the best deal.
  2. Consider the location carefully. Key West is a small island, so the location of your property can make a big difference in terms of convenience and lifestyle. Do you want to be in the heart of Old Town, where you can walk to restaurants and shops? Or would you prefer a quieter neighborhood on the outskirts of town? Think about your priorities and make sure the location of your property aligns with what you need and want.
  3. Be prepared for a competitive market. Key West is a desirable location, and that means the real estate market can be competitive. If you find a property you love, be prepared to act quickly and make a strong offer. It’s also a good idea to get pre-approved for a mortgage before you start looking at properties so that you can make a move when it’s time to.
  4. Consider the cost of living and how it meets your budget. While the cost of living in Key West is lower than many other popular destinations in Florida, it’s still important to consider your budget when purchasing a property. Property taxes can be high, and you’ll also need to factor in the cost of utilities, insurance, and other expenses. Make sure you have a clear understanding of what it costs to own property in Key West before you make an offer.
  5. Think about your long-term plans and what your priorities are. Key West is a great place to retire, but it’s also a popular vacation destination. If you’re buying a property as an investment or a vacation home, make sure you have a plan for how you’ll use the property over the long term. Will you eventually retire in Key West? Will you rent the property? Make sure your plans align with your goals for the property.

Buying property in Key West can be an excellent decision, whether you’re looking for a place to call home, a retirement destination, an investment, or a vacation home. With the help of Royal Palms Realty and careful consideration of your priorities and budget, you can find the perfect property in this beautiful island city.


Scott Forman Broker