Welcome to Florida Keys Condos
Credit: Photo by Tracy Chacksfield | Source
If you’re longing for a low-maintenance lifestyle that allows you to experience life freely and with fewer responsibilities, condo living might be the answer.
From non-waterfront small one-bedrooms to huge waterfront luxury condos for sale, Florida Keys condos offer numerous options and amenities at different price points for homebuyers. With tropical, picturesque, maintenance-free grounds, private swimming pools, and exterior building upkeep, you will spend more time doing what you love: enjoying the island lifestyle and making memories. Many of the condo communities in the Keys are waterfront with magnificent views, with some offering oceanfront private sandy beaches and dockage. Take a step into the tropics and give me a call today. I’ll help you find the best condo for your lifestyle.
Natural Surroundings
The island chain that comprises the Keys is surrounded by the Florida Keys National Marine Sanctuary, which protects 2,900 nautical square miles of the Keys’ water, coral reef, mangroves, and over 6,000 species of marine life. Coupled with many communities offering lush tropical landscaping, sparkling pools, sandy beaches, and breathtaking seascapes, condos often feel more like a luxury resort in the Florida Keys. Due to stringent building height restrictions and limited land, boutique-sized garden-style condo buildings are typically what is found in the Keys, which lends itself to a more intimate, tranquil living experience.
Lower Taxes
Florida luxury condos for sale are in demand due to people relocating for the sun, salt air, and lack of a state income tax. The overall property tax rate will vary from county to county in the Sunshine State. One of the considerations when purchasing luxury condos for sale in the Florida Keys is the property tax. The current tax rate on residential property in Monroe County is 0.98%, which is lower than many coastal counties in Florida and the current U.S. average. The Florida constitution limits annual increases in assessed value of property with Homestead Exemption to 3% or the change in CPI, whichever is less. Be aware, a change in property ownership will “reset” the capped value to full market value.
Flood & Wind Insurance
When looking at a condo for sale, Keys, Florida, be sure to inquire about Homeowner’s Association (HOA) dues and verify everything, including flood and wind insurance, that is covered in the monthly or quarterly HOA payment. With an HOA master insurance policy, where condo owners pay a portion of the overall insurance costs (typically included in the dues), homebuyers sometimes find this to be a more cost-effective approach when it comes to insuring property in the Keys. If you have looked at Florida Keys condos for sale by owner and are considering purchasing directly from an owner, please always remember to inquire about HOA dues, any special assessments, and to review the association's Covenants, Conditions, and Restrictions.