Monroe County Real Estate - Key West

Key West is in South East Florida. It's population as recorded in the 2010 Census was 24,649. Key West is approximately 129 miles from Miami (population 399,457) and around 130 miles from Hialeah (population 224,669).

The median age for residents of Key West is 41.5. Around 19.9% of Key West households include school aged children and 22.9% of households include individuals aged 65 years or over. Census records indicate 83.7% of the Key West population are White, 9.7% are Black or African American, .4% American Indian, 1.6% Asian and 2% are Two or more Races. Key West has a significant Hispanic population. 21.2% (5,228) of Key West residents are of Hispanic or Latino origin. Of these 11.59% are of Mexican origin, 7.74% Puerto Rican, 46.32% Cuban and 34.33% are of other Hispanic or Latino origin.

There are 14,107 housing units in Key West. 3,178 (22.5%) of these were reported as vacant in the 2010 Census. Key West is a tourist destination, 60.8% (1,935) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 6,941 residential rental units in Key West. 6,409 of them were occupied in 2010 providing a residential rental vacancy rate of 7.1%.

Key West links:

Monroe County

Monroe County is part of the southeast Florida region along with Miami-Dade, Indian River, St. Lucie, Martin, Palm Beach, and Broward. Key West is the county seat. Other incorporated municipalities are Marathon, Key Colony Beach, Layton, and Islamorada. The county's population is over 70,000.

Monroe County is the southernmost county in Florida and the continental United States. 99% of the population of Monroe County lives in the Florida Keys, which are wholly contained within Monroe County. Mainland Monroe County is covered by wetlands. Portions of Everglades National Park and Big Cypress National Preserve form the entirety of the section of Monroe County that lies on the peninsula. 22% of the properties in Monroe County are government owned.

The largest industry in Monroe County is tourism. In 2010, The Keys alone had 3.8 million visitors. Major private sector employers are Kmart, HMA, Baptist Mariner's Hospital, HTA, and Hawks Cay Resort. Public employers are US Armed Forces, Monroe County Schools, Monroe County Government, and Florida Keys Community College.

Visitors go to the Keys for the year-round warm weather, sandy beaches, and stunning vistas of both the Atlantic Ocean and Gulf of Mexico. The islands of the Keys offer a variety of maritime recreation opportunities, including boating, fishing, and windsurfing. The Keys are sometimes referred to as the Conch Republic after the islands seceded from the United States in 1982 and immediately surrendered to protest a blockade at the mainlands to search for drugs.

Once the largest city in Florida, Key West is still the southernmost in the lower 48. The cultural and economic heart of Monroe County is at the southern terminus of US 1. The southern islands have long been a naval base, dating back to its establishment in 1823 to combat piracy. Today, Naval Air Station Key West is used as a forward base to combat the narcotics trade in the Caribbean and as a flight training center.

Neighboring Properties

AddressTypeSq FtClass 
808 Shavers Ln Single Family 1,400 B
814 Shavers Ln Single Family 1,118 B
806 Shavers Ln Single Family 1,400 B
818 Shavers Ln Single Family 2,322 B
811 Whitehead St Single Family 748 C
813 Shavers Ln Single Family 1,456 B
809 Whitehead St Single Family 1,122 A
813 Whitehead St Single Family 976 B
416 Petronia St Condominium 412 L
416 Petronia St Condominium 384 L
416 Petronia St Condominium 633 L
416 Petronia St Condominium 393 L
416 Petronia St Condominium 373 L
416 Petronia St Condominium 389 L
410 Petronia St Condominium 520 L
408 Petronia St Condominium 280 L
408 Petronia St Condominium 270 L
809 Shavers Ln Multi-family - less than 10 units 620 B
807 Whitehead St Multi-family - less than 10 units 1,854 B
815 Whitehead St Single Family 748 B
805 Shavers Ln Single Family 827 C
406 Petronia St Multi-family - less than 10 units 1,759 B
817 Whitehead St Single Family 1,012 C
824 Shavers Ln Single Family 610 A
821 Shavers Ln Single Family 1,012 B
803 Whitehead St Mixed use - store and office or store and residential or residential combination 1,570 B
422 Petronia St Vacant Commercial 0 L
819 Whitehead St Single Family 684 B
801 Whitehead St Mixed use - store and office or store and residential or residential combination 1,494 B
821 Whitehead St Mixed use - store and office or store and residential or residential combination 1,104 B
409 Petronia St Single Family 761 B
415 Petronia St Restaurant, cafeteria 2,081 B
405 Petronia St Mixed use - store and office or store and residential or residential combination 1,596 B
823 Whitehead St Restaurant, cafeteria 668 B
812 Duval St Hotel or motel 2,341 A
804-806-808 Duval St Mixed use - store and office or store and residential or residential combination 3,234 B
810 Duval St Mixed use - store and office or store and residential or residential combination 1,468 B
415 Olivia St Multi-family - less than 10 units 2,772 B
826 Duval St Store, one story 1,452 L
824 Duval St Store, one story 1,452 L
824 Duval St Hotel or motel 410 L
824 Duval St Hotel or motel 345 L
824 Duval St Hotel or motel 343 L
824 Duval St Hotel or motel 410 L
824 Duval St Hotel or motel 415 L
824 Duval St Hotel or motel 374 L
814 Duval St Mixed use - store and office or store and residential or residential combination 2,072 B
733 Whitehead St Multi-family - less than 10 units 2,724 B
816 Duval St Restaurant, cafeteria 2,695 B

Local Household Income

The median household income in this part of Florida is $59,750. The bottom 10% of the population earn less than $15,113 per year. The top 10% earn more than $164,280 per year. The top 1% earn more than $542,576 per year. Most renters earn between $26,844 (20th percentile) and $59,088 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $119,500 and $149,375.

The tax assessed value of this property places it in percentile 75 of all properties in this area. This suggests it would appeal to someone earning around $102,488 per year who should qualify for a mortgage between $204,976 and $256,220.

Source: US Census American Community Survey - 2008-2012 ACS 5-year PUMS estimates

Local Rents

The median monthly rent in this part of Florida is $1,192. Most renters earn between $2,237 and $4,924 per month. They typically spend 37% of their monthly income on rent. Most rents fall in the $756 (20th percentile) to $1,775 (80th percentile) range. The residential vacancy rate is 10%.

This property falls in percentile 75 of all properties in this area. This corresponds to a rent of $1,648 per month and a monthly household income of $4,546 ($54,552 per year)

Nearby Companies

Keys Fresh LLC
828 Duval St
Conch Republic Cottage, LLC
510 Petronia St
Venture Out 594, LLC
825 Duval St
Last Key Realty, Inc.
825 Duval St
Whitehead & Company, LLC
907 Whitehead St
414 Olivia Street LLC
907 Whitehead St
907 Whitehead Street Corp.
907 Whitehead St
S And P Management Inc.
420 Olivia St
901 Duval Street, Inc.
901 Duval St
Zeefl2, LLC
716 Duval St
Jmd Development, Inc
801 Duval St
801 Bourbon, Inc.
801 Duval St
Boatslip South LLC.
728 Duval St
Lgbt Charter'S L.L.C.
728 Duval St
Hangover Hospital, LLC
728 Duval St
Recharge Medical, LLC
728 Duval St
Satquel LLC
724 Duval St
725 Duval Street, LLC
725 Duval St
The Gay Rag, Inc.
721 Duval St
Art Point LLC
824 Duval St
807 Whitehead Street, LLC
807 Whitehead St
810 Kw LLC
810 Shavers Ln
Coast Projects LLC
803 Whitehead St
803 Whitehead L.L.C.
803 Whitehead St
Red Bike Brand, LLC
801 Whitehead St
Edgar, LLC
816 Duval St
408 Petronia Street, LLC
408 Petronia St
Wavy Gravy LLC
810 Duval St
Coaf, LLC
808 Shavers Ln
S&Gp Properties South, LLC
415-2 Petronia St
Ev & Son Corporation
416 Petronia St Apt 3
Quick Fix Key West, LLC
426 Petronia St
Nailtini LLC
817 Duval St
Kwrh LLC
817 Duval St
Macdaddy Diving LLC
817 Duval St
626 Samaritan Key West, LLC
626 Samaritan Ln
Moondog Cafe, LLC
823 Whitehead St
Besame Mucho, Inc.
315 Petronia St
Rh Southernmost, LLC
804 Whitehead St
Butanella 821, LLC
821 Whitehead St
Matthew C. Wilson, LLC
819 Whitehead St
Disclaimers and Disclosures

Public Records Data

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