What was once home to one of the greatest American writers (Ernest Hemingway), Key West has grown to be a resort destination hotspot. As the southern most tip of the continental United States, this nearly eight mile stretch of glistening waters and beautiful beaches has quite a history, too.
When Florida was (quote unquote) founded by Spanish explorers, Key West was visited by Ponce de Leon. When Florida was (again, quote unquote) given back to the U.S. in the 1800s, Key West was prized as a ground for military strategy. Since then, however, Key West Florida real estate has been nicknamed the Conch Republic due to its disapproval of the U.S. immigration blockade. This devil may care attitude still contributes to its relaxed beach culture, which is still one of its main draws for tourists today.
That is why for those seeking a laid back approach, Key West real estate for sale is a much sought after commodity. Many residents live year round (contrary to the Northern snow birds who invade Florida in winter months), and are drawn to the Key West homes, such as luxury and Key west condos waterfront properties. (Another point of attraction might be that Key West has been immune to hurricane destruction since 1919.)
Key West real estate for sale peaked in prices around 2006 (like the rest of the U.S.), but since then, it has not taken as big as a hit as other places around the country. According to real estate database Trulia, Key west real estate for sale is still averaging an increase in year over year sales, and the median values far surpass the national average. These facts underscore how Key West real estate for sale is still a good investment.