Ramrod Key Homes for sale
Located in the Lower Keys, near Looe Key and also close to Duck Key, lies the sparsely populated, but tourist friendly island of Ramrod Key. Named for an early 19th century ship which wrecked off the coast, this is a very popular spot because of its unspoiled beauty. There are few businesses on the island, but the waters surrounding it make it a great destination for boating, sailing, kayaking, snorkeling, diving, fishing, and everything else in aquatic adventure. Part of its popularity comes from the fact the island is more affordable for visitor accommodations as Duck Key is more expensive.
The real estate market on Ramrod Key is a sound one because there are relatively few homes on this island, unlike residential properties in the upper part of the island archipelago, and even below. Residential real estate here is fully accessible on a more modest budget. The average listing price comes-in at just over $561,1000, with a median sales price of $450,000.
The number of distressed properties currently for sale on Ramrod account for about 25 percent of all active listings. The average sales price per square foot comes-to $364 and appreciation levels here are quite remarkable. This is due in-part, to stricter building codes and difficulties in transporting building materials to the island from others or the mainland of Florida.