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Key West Condo For Sale
The condo craze has hit Key West! With such rapidly escalating prices, Key West condos are being scooped up, mostly by investors. Today, it is reported that 3/4 of Key West condos are owned as second homes. Where does the supply of Key West condos come from? Many of the houses in Key West were carved up over the years into apartments. These apartments are considered legal dwellings, and in today's red hot real estate market, have become worth the expense and time it takes to convert to condos. And the condominium creativity doesn't end there. The appetite for Key West property is so great, that some hotels have opted to convert to condos with the option to rent out. And for you boat owners, there is even a dock-ominium. You guessed it, you can now own your very own piece of the water. Expect to pay at least $400,000 for a small Key West condo for sale, twice that for something over 800 square feet.
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