Is now a good time to sell my house in Key Colony Beach?

For most Key Colony Beach owners, the calendar that matters is their own. A sale works best when it fits your next move, your finances and the condition of the house.

To read the market in Key Colony Beach, look at how long homes like yours take to go under contract and what they actually sold for in the last few months, not at asking prices.

More in How Do I Know When It’s Time to Sell My House?

Should I sell my Key Colony Beach house as-is or fix it up first?

Fix only what will add more to the price than it costs. Sell as-is when the work would be large, slow or uncertain.

Key Colony Beach is a mix of older and newer homes. In our sample, two of four were built in 1980 or earlier, so an older house competes with newer ones and its condition shows. Older homes there also sell at a wider discount to new construction than the Florida median, 15.0 percent against 22.8 percent.

More in Should I Sell My House As-Is or Fix It Up First?

What are the benefits of selling my Key Colony Beach house off-market?

Discretion, no preparation and control of the calendar.

  • No listing. Your home never goes on the MLS or the listing sites, and there are no open houses or showings to strangers.
  • Sell it as it is. No repairs, staging or deep cleaning before you sell.
  • Your timeline. Choose the closing date that works for you, whether that is a few weeks out or a few months.
  • One buyer, one conversation. You deal directly with the buyer, not a string of showings, counteroffers and second rounds.

What you give up is reach. A listing shows the house to every active buyer at once, which can lift the price in a strong market. Should I Sell My House Off-Market? sets out both sides.

How fast can I sell my house in Key Colony Beach?

As fast as the title work allows, if you sell privately. You and the buyer set the closing date, and the title search and Florida’s closing documents set the floor.

A listing adds preparation, showings and negotiation up front, then the buyer’s inspection, appraisal and loan approval, any of which can push the date or end the deal.

If you are relocating, read How Do I Sell My House Fast When I’m Moving for Work?

What does it cost to sell a house in Key Colony Beach?

Commission first, then transfer taxes, title and closing fees, and the repairs or credits a buyer asks for after inspection. Address District charges no commission.

Federal tax on the gain may not apply at all. If you owned the house and lived in it as your main home for two of the last five years, the IRS lets you exclude up to $250,000 of gain, or $500,000 for a married couple filing jointly.

Line by line in How Much Does It Cost to Sell a House?

How does selling my Key Colony Beach house off-market work?

In four steps, with no listing and no showings.

  1. Send us the address and a few details through the offer form, or get in touch.
  2. A person on our team looks at the house and recent sales nearby, and may ask for a walk-through.
  3. We send a written offer. You are under no obligation to accept it.
  4. If you do, the closing is handled by a title company or closing attorney, on your date.

Before you sign anything, we tell you in writing who the buyer is.

What if my Key Colony Beach house isn’t selling?

Usually the price, sometimes the condition, occasionally the marketing. The showing count tells you which.

Before you talk to another buyer, read your listing agreement. Most owe the agent a commission on any sale during the term. More in Why Isn’t My House Selling?

How do I sell an inherited house in Key Colony Beach?

Start with who has the authority to sign, usually the personal representative the probate court appoints, or a trustee. A title company will generally not close until that is documented.

Inherited property generally takes a basis equal to its value on the date of death, the IRS says, which can shrink the taxable gain. A probate attorney in Florida can explain the rest. More in How Do I Sell a House I Inherited?

How does Key Colony Beach compare with nearby neighborhoods?

Marathon, 1 mile away, counts five older homes among the 12 we sampled. Big Pine Key, 22 miles away, shows one older home among the one we sampled. Islamorada, 28 miles away, has three older homes among the five we sampled. Key Colony Beach ranks tied for 477th nationally for older homes, behind two of them.

Every neighborhood in the index has its own page, and the Florida page lists all 202 in the state.

Do older homes in Key Colony Beach sell for less than new construction?

In our sample, yes. The average price of older homes in 33051 was 15.0 percent of the average price of new construction in the same ZIP code. The Florida median is 22.8 percent, and the index median is 23.1 percent. With two older homes behind it, treat the figure as a rough guide.

The gap reflects size, lot and condition as much as age, so price an older house against recent sales of other older houses nearby, not against new construction.

Key Colony Beach by the numbers

Older homes
2
of 4 homes sampled, built 1980 or earlier
Share of older homes
50.0%
Florida 52.6%. Index 49.0%.
Older vs new
15.0%
Older home price as a share of new construction
National rank
#477 (tie)
of 1,192 ZIP codes
State rank
#111
of 202 in Florida
Minimum lot
8,240 sq ft
As recorded in the source data

Of the four homes in the Address District sample for Key Colony Beach (33051), two were built in 1980 or earlier, a share of 50.0 percent. That places 33051 tied for 477th of 1,192 ZIP codes nationally for the number of older homes, and tied for 111th of 202 in Florida.

Across the 202 Florida ZIP codes in the index, 52.6 percent of the homes sampled were built in 1980 or earlier, against 49.0 percent across all 1,192 ZIP codes.

With four homes in the sample, read these figures as a snapshot of the homes sampled rather than a measure of the whole ZIP code.

How 33051 compares

Share of older homes

Homes in the sample built in 1980 or earlier

33051 Key Colony Beach50.0%
Florida52.6%
All ZIP codes in the index49.0%

Older home prices against new construction

Average older home price as a share of new construction

33051 Key Colony Beach15.0%
Florida median22.8%
Index median23.1%

Nearby neighborhoods in the index

ZIPPlaceDistanceRankShare
33050MarathonMonroe County, FL1 mi18641.7%
33043Big Pine KeyMonroe County, FL22 mi883100.0%
33036IslamoradaMonroe County, FL28 mi33760.0%
33042Summerland KeyMonroe County, FL31 mi19655.6%
33070TavernierMonroe County, FL37 mi32650.0%
33037Key LargoMonroe County, FL44 mi24957.1%
33040Key WestMonroe County, FL49 mi42516.7%
33032HomesteadMiami-Dade County, FL68 mi883100.0%

The top of Florida

State rankZIPPlaceHomesOlder homesShare
133629Palma Ceia / Sunset ParkTampa, FL534177.4%
234102Old Naples / Port Royal / Aqualane ShoresNaples, FL523771.2%
333432Downtown Boca / Boca Raton RivieraBoca Raton, FL443272.7%
433405West Palm BeachPalm Beach County, FL383181.6%
534145Marco IslandCollier County, FL372978.4%
633143South Miami / High PinesMiami, FL362569.4%
733133Coconut GroveMiami, FL302583.3%
832459Santa Rosa BeachWalton County, FL992121.2%
933156Pinecrest / North PinecrestMiami, FL252184.0%
1034239Southside Village / Cherokee ParkSarasota, FL281967.9%

All 202 Florida ZIP codes in the index ›

About the data. Older homes are homes built in 1980 or earlier. Rank orders ZIP codes by the number of older homes in the sample, then by the number of homes. Full methodology and the complete index. Nothing on this page is legal, tax or financial advice.