I looked at homes on Key Colony earlier this year...ha ha ha.....a basic 1 bedroom, 1 bath duplex will set you back about $350K to half a mil.....and then there are homeowner
fees.....they have their own police, etc...
Prices for canal homes in Marathon are all over the map. Many
single story homes are still being worked on from past
hurricane damage...stilt homes likewise....
I won't say Marathon is a wasteland, but at least half of area business are shut down...Covid....a trip to Big Pine was equally depressing.
I've been to the Keys a gazillion times, but this was the FIRST time I was ever able to park on Duval Street in
Key West...empty parking spaces everywhere....many business closed....it was depressing...never seen it like this before...and now, they don't want
Cruise Ships parked there anymore either.
When I first came to
Key West, 40 some years ago, it was a sleepy little town, except for Duval Street and it looks to be headed that way again...
I couldn't say where the real estate market is headed though....the Keys are still the Keys and plenty of people want to live there..
The Keys have a tourist driven economy.....no tourist....no $$$....
Interestingly, I like to
fish....but the
fishing charter fleet was also hard hit....no tourists...many one man charters had to fold.
Maybe 2021 will see an improvement.....