ISLAND INSIGHTS

Even the most sought-after markets experience shifts, and Key West is no exception. The first quarter of 2025
saw a slight softening—114 homes sold, down from 123 last year, with the average price per square foot dipping
from $1,042 to $1,036. While not a sharp decline, these numbers reflect a market in transition. Easing mortgage
rates are fueling more loan applications, and inventory is gradually increasing, yet buyer caution lingers amid high
prices and economic uncertainty. Still, momentum is quietly building. Sellers are showing more flexibility, and
opportunities are emerging for those who move with insight. In this evolving landscape, Key West remains a rare
find—where lifestyle and long-term value align for those are who are inspired to live the island lifestyle.

Scroll below to see how your favorite neighborhood is performing in the current real estate market:

FEATURED LISTING

810 Eisenhower Drive is a 3 bedroom and 5 bathroom property that is now offered at $4,200,000.
Discover the ultimate island escape, hidden behind a lush, tropical paradise on a coveted corner lot.
For the full listing click here.

GAIN A COMPETITIVE EDGE

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TESTIMONIALS

“TEAMKAUFELT was absolutely outstanding--Lynn, Jackson, and Ted are wonderful people with a deep knowledge of Key West and how it works; they are warm and kind, as well as impeccably professional and highly motivated. The property had been left to six grandchildren living at opposite ends of the country, and TEAMKAUFELT completely took charge in the best possible way. They went well beyond the call of duty .”

NENNA & NICK E.

"TEAMKAUFELT were the perfect realtor partners at every step - from taking the most fabulous photos and video for marketing, to prepping our property for showing, vetting the prospective buyers, keeping us informed at every stage right up to the successful selling of our home. We could not recommend them highly enough!"

ROSI & JEFF W.

"Ted Stewart was professional, very responsive, and was always a step ahead. Old Town Fitness was the first business we bought in Florida and we are very happy with the service we received from TEAMKAUFELT. From rides to the airport to specific details pertaining to closing the deal, everything was smooth. Looking forward to our next commercial and/or residential deal with you in the future!"

AL F. & JOHN M.

"How do we begin to thank you all--firstly, Lynn and Jackson, who were such good friends to Dad and whose company brought him so much pleasure--and to you, Ted, for your super-hard work. I know it's been a challenging time in Florida real estate, and we feel so lucky and grateful to have TEAMKAUFELT to take us through it."

FERNANDA E.

TEAMKAUFELT MARKETING

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