Many people vacation in south Florida, only to return home to their winter doldrums. But vacationing in Key West can become a yearly or semi-annual get away by owning your own place. While Key West homes for sale are nearly always available, getting a good deal can be elusive.
Key West is located in the island chains known collectively as the “Florida Keys”. It is in Monroe County and is the southern most tip of the continental United States, just 90 miles from Cuba. Only 2 miles in width and 4 miles in length, Key West boasts some of the most valuable land in the United States.
This means Key West real estate is ideal for a vacation home or an investment property. If you have ever thought about owning a property in Key West, you can find distinct advantages.
Tax Relief
Use the home for 21 days a year, it is considered a residence by the IRS. You can deduct your mortgage interest and property taxes. Moreover, if you rent the home, you can use the rental income to maintain the property while away. There are other tax and monetary benefits to owning a vacation home an accountant or attorney can fill you in on.
Use
When you own a property in Key West, you don’t have to worry about the availability or cost of accommodations. Owning a vacation home means you are not at the mercy of the hotels. What’s more, a vacation home is pet friendly and you won’t have to put on a bath robe to get ice.
Family Nest Egg
Vacation property doesn’t disappear into thin air when you die. It is there for your children and grandchildren to enjoy. Most of all, it can provide a nest egg for your loved ones.
Investment Potential
Key West real estate is nearly immune to the national housing market. The primary reason is density and limited space. Because Key West does not have a huge land mass, real property largely remains stable despite the national economy. You can enjoy a new revenue stream in rental while building equity.
If you want to take advantage of owning a vacation property, look for Key West homes for sale on the Internet and contact a local real estate broker. You just might find the gem you are dreaming of on one of the most beautiful spots on earth!
For helping buying Key West Homes for sale Contact Robert Severin
Robert Severin. REALTOR®
Seaport Realtors.
305-394-3242 Cell
305-295-9225 Office
305-295-9227 Fax
Robsevusa@hotmail.com
Keywestpropertyforsale.com
