Key West, with a population of 23,000, is an island in the southernmost of the U.S. state of Florida, and a major gateway for tourists to the Florida Keys. The City of Key West is located in Monroe County, Florida, and is the county seat of Monroe County.
Key West is the southernmost point in the contiguous United States. It lies between the Atlantic Ocean to the north and the Gulf of Mexico to the west and is connected by a bridge to the mainland of the Florida Keys, and to Miami to the northwest. The Overseas Highway runs through the city and connects Key West with the rest of Florida.
Key West is famous for its many small beaches and colorful houses, which can be found along its waterfront. There is an old historic district in the city center with some interesting stores, museums, and bars.
Key West's Old Town, or Historic District, is the most visited area. This area of town is home to some of the most beautiful architecture in Key West: it features narrow streets lined with old-fashioned wooden houses, and a historic downtown that is filled with charming little shops and restaurants. The best way to enjoy this area is by strolling along the waterfront promenade or taking a boat tour of the Florida Keys.
Furthermore, some of the top things to see in Key West include the Ernest Hemingway Home and Museum, the Key West Lighthouse and Keeper's Quarters Museum, Fort Zachary Taylor Historic State Park, and the Mel Fisher Maritime Heritage Museum.
The luxury market in Key West remains the strongest market in the state. Prices for high-end properties are higher than they have been in decades, and luxury homes sell within days of being listed.
In 2020, the Key West luxury market saw the highest number of high-end properties sold since 2006 and the highest price per square foot since the 2008 financial crisis.
Despite the negative impact of the COVID-19 outbreak on the economy, Key West luxury homeowners and investors have remained optimistic about their local real estate market and the future.
The key driver of the recent high-end market resurgence has been the rising demand from foreign investors. As the state’s luxury market grew, so did the number of international real estate agents looking to list properties.
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