Cudjoe Key Homes for sale
Near Key West and home to a United States Air Force base, lies the island of Cudjoe Key, with a population of nearly 1,800, averaging an age of 54 years old. Named for a local species of wood, this island is home to some of the best real estate investment opportunities in the island archipelago. The median household income of Cudjoe is just over $67,000 per year, a significant from the statewide median of just $45,000. Located in Monroe County, Florida, this island is one of the most developed in the Lower Keys.
The weather here is the biggest attraction, with mild winters boasting overnight lows falling into the sixties and daytime highs usually climbing into the mid to high seventies. Because of such a climate and so much sunshine throughout the year, popular outdoor recreational opportunities include: biking, sightseeing, boating, fishing, sunbathing, diving, and much, much more.
Residential real estate performs quite well in Cudjoe, as it does in most of the Keys. Here, the average listing price for residential homes are over $661,000, while the median selling price is $334,700. This makes the average sales price per square foot come-in at $306. Just over 12 percent of active listings on the island are classified as distressed properties, which present a real bargain for those wishing to relocate, purchase a second home, or an income property in the midst of a tropical paradise.