Sugarloaf Key Homes for sale
Located in the Lower Keys near the southernmost point of the United States is Sugarloaf Key, an amalgamation of two islands, which are known as Upper Sugarloaf and Lower Sugar Loaf. It is home to two public schools, a fire department, an airport, and is the location of Great White Heron National Wildlife Refuge. This is a more affluent area in the chain of island archipelago, and one that is relatively young, with a median resident age of 46 years old. The median household income on these two islands is $61,000, above the statewide median of $45,000.
Weather here is marvelous and the reason so many residents live here full time or have vacation homes on one of the islands to escape to during the long, harsh winters in the northeast and midwest. Because of the tropical climate, summers are warm and breezy, spring and fall are amazing, and winters are ultra-mild. This makes outdoor recreation possible nearly every day of the year for those wanting to bike, fish, boat, and explore.
The real estate market on the Sugarloaf islands performs very well. The average listing price for residential properties comes-in at almost $950,600, with a median sales price of $547,000, making the average price per square foot $419. About thirty percent of all active listings are classified as distressed homes.