Key West Real Estate News

Key West & The Lower Keys News & Listings:  November 9, 2018


Sponsored By:

Vic Musmanno, P.A.

Broker Associate ABR*, CRS**

Coldwell Banker Schmitt Real Estate

“Helping Visitors Become Neighbors”

2016 – 2017 Key West Top Selling Realtor


Featured Homes of the Week

9 Bay Dr., Saddlebunch Key

- Just listed with nearly a 180 degree open water view

- Massive newer construction 4 BR & 4.5 BA

- Boat ramp with a seawall the entire length of the double lot

- Ground level master suit

- 2 car garage & fenced yard

- $1,470,000


1800 Atlantic Blvd., C435, Key West

- Just listed w/ a full transient rental license

- Ocean view penthouse unit

- Fully furnished 2 BR & 2 BA

- Stylish complete renovation

- Pool, fitness center, tennis & spa

- $990,000


1507 18th Terrace, Key West

Open house Sunday 12 – 2 PM, November 11th

- Larger 3 BR & 3 BA single family home

- Massive master suite w/ separate study & walk in closet

- Huge fenced yard w/ lush palms & fruit trees

- Amazing heated & chilled swimming pool w/ a water feature

- Off street parking

- $884,000


3930 S. Roosevelt Blvd., E208, Key West

- Just listed beach side on the island

- Furnished & ready to move in or rent

- Larger 3 BR & 2 BA floor plan

- Absolutely spotless

- Only $429,000


New Listings & Price Reductions
Key West

New Listings

Price Reductions


Lower Keys

New Listings

Price Reductions


611 Residential Properties Listed For Sale In Key West & The Lower Keys (Key West To MM 38)


Available Residential Properties By Area

Key West : 313 Properties, from $209,000

Lower Keys: 298 Properties, from $99,000

Marathon Key & Surrounding Areas: 323 Properties, from $124,900

Upper Keys:  624 Properties, from $150,000


Key West Market Snapshot

61% Single Family Homes:  191

20% Condominiums:  71

10% Townhomes:  26

9% Multi-Unit Properties:  25


0 – $250k:  1 Properties

$250k -$500k: 38 Properties

$500k – $1m:  143 Properties

$1m – $1.5m:  55 Properties

$1.5m – $2m:  27 Properties

$2m+:  50 Properties


Lower Keys Market Snapshot (MM 6 – 40)

76% Single Family Homes:  227

3% Condominiums & Townhomes:  9

2% Multi-Unit Properties:  6

19% Mobile Homes:  52


0 – $250k:  26 Properties

$250k – $500k:  85 Properties

$500k – $1m:  130 Properties

$1m – $1.5m:  21 Properties

$1.5m – $2m:  13 Properties

$2m+:  22 Properties


October 2018 Sales Statistics

Key West:  37 residential properties sold totaling $30.1m:  Click Here

- 9 sold at or more than the list price

- 15 sold for all cash

- Average sales price of $812,345

- Average list price discount 5.5%


Lower Keys (mm 6 to 40):  40 residential properties sold totaling $30.05m:  Click Here

- 6 sold at or more than the list price

- 14 sold for all cash

- Average price of $750,263

- Average list price discount 16.25%***

*** Note: A property sold $3.7m less than the $6.9m list price therefore skewing this figure normally between 4.5 and 5%


Elevate Your Key West Area Home Search … More real time information is now available to you & entirely mobile device ready.  You’ll have the buyer advantage to be notified immediately when there are new listings & price reductions.  Our new real estate Multiple Listing Service (MLS) provider in the Key West area is the single most accurate source for on-line real estate information, as third party vendor sites like Zillow, Trulia & merely extract their information from other sites


For your custom subscription, please email


Feel free to contact me at any time, to discuss buying your new home in the Fabulous Florida Keys! 


Best Regards,




Vic Musmanno, P.A. 
Certified Residential Specialist
Coldwell Banker Schmitt Real Estate
Key West, Florida
Ph: 305-294-0123
Fax: 305-768-0404
Toll Free: 800-598-7727, ext. 7457
“Helping Visitors Become Neighbors”

2016 – 2017 Key West Top Selling Realtor


Properties featured on this web site are not necessarily the listing of the web site host or his broker.  The intent of this information is to present to the public an accurate and concise representation of the available properties in the Key West & Florida Keys.  Information regarding these listings has been derived from the Key West Association of Realtors MLS.


* All data used for real estate sales statistics and other related activity was derived from the Florida Keys MLS.


*Only 2% of all real estate agents in the United States are certified by the Real Estate Buyer’s Agent Council and National Association of Realtors as Accredited Buyer Representatives (ABR).  With over 1000 licensed real estate agents in the entire Florida Keys , only a select few  have earned this professional designation – and Vic Musmanno is one!  From the initial selection of properties, all the way through contract negotiations and settlement, you can now have an agent specifically committed to representing your best interests when buying a home.  Consumer advocacy groups have endorsed such representation, and licensing laws have been reworked to enable and encourage representation for THE BUYER.


**The National Association of Realtors Council of Residential Specialists awards the prestigious Certified Residential Specialist designation to recipients who demonstrate significant experience and volume of real estate transactions and successfully complete advanced courses in real estate practices.  Only 4% of all Realtors have earned this prestigious credential, and council members were involved in nearly 25% of all residential real estate transactions in the U.S.


***A buyer is eligible for this offer when registered with a Buyer’s Representation Agreement with Vic Musmanno prior to purchase and buyer successfully closes on the property.  Offer may not be available if any referral or cooperating agents are involved, and may not be combined with other offers.