$1,275,000
- 5 Beds
- 3 Baths
- 2,016 Sq Ft
1006 16th Terrace, Key West, FL 33040
Barbara Crespo Keller Williams Key West Compass Realty
3
New Town Multifamily Homes & Duplexes for Sale
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1006 16th Terrace, Key West, FL 33040
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Explore New Town
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$2,100,000
- 4 Beds
- 3 Baths
- 1,783 Sq Ft
1516 17th Terrace, Key West, FL 33040
1516 17th Terrace, Key West, FL 33040Bascom Grooms Bascom Grooms Real Estate (KW)
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$865,000
- 2 Beds
- 2 Baths
- 1,464 Sq Ft
3711 Eagle Ave, Key West, FL 33040
3711 Eagle Ave, Key West, FL 33040Terri Spottswood Truman & Co. (KW)
Why Live in New Town
New Town in Key West is a neighborhood known for its midcentury architecture and contemporary homes, with some waterfront properties along the Riviera Canal popular among boaters. The area features a mix of single-family homes, condos, and townhouses, with prices varying based on location and amenities. Flood insurance is often necessary due to the neighborhood's lower elevation and risk of flooding during storms. Poinciana Elementary School and Key West High School are highly rated, providing quality education options for families. New Town offers various things to do, including visits to Smathers Beach for swimming and snorkeling, and exploring the Key West Tropical Forest and Botanical Garden. Cozumel Park, with its playground and splash pad, and the Clayton Sterling baseball complex are popular local spots. For shopping and dining, residents frequent Searstown Shopping Center, Key Plaza, and Overseas Market, which house a variety of stores and eateries like Big John’s Pizzeria and Goldman’s Deli. The neighborhood is bikeable and walkable, with bus service provided by the Lower Keys Shuttle and proximity to U.S. Highway 1 and Key West International Airport. Community events such as the Florida Keys Seafood Festival and Hemingway Days add to the vibrant local culture.
Home Trends in New Town, FL
On average, homes in New Town, Key West sell after 93 days on the market compared to the national average of 52 days. The median sale price for homes in New Town, Key West over the last 12 months is $800,000, up 21% from the median home sale price over the previous 12 months.
Housing Trends
Median Sale Price
$800,000
Median Single Family Sale Price
$1,015,000
Median Townhouse Sale Price
$674,500
Median 2 Bedroom Sale Price
$519,000
Median 1 Bedroom Sale Price
$364,497
Average Price Per Sq Ft
$756
Number of Homes for Sale
45
Last 12 months Home Sales
85
Months of Supply
6.40
Median List Price
$925,000
Median Change From 1st List Price
8%
Median Home Sale Price YoY Change
21%
In New Town, there are currently 3 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes ranging from $865,000 to $2,100,000, there's something for every budget. As of September, 2025 the median home price in New Town, Key West is $925,000, while the average sale price is $905,707, providing insight into local market trends. On average, multi-family homes spend 93 days on the market before being sold. Multi-family homes encompass various property types, including duplexes, triplexes, fourplexes, and apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're interested in a duplex for a starter investment or an apartment complex for a larger-scale venture, there are investment properties available to suit your needs. Explore the range of multi-family homes for sale in New Town, Key West.
New Town Types of Homes for Sale
More About Living in New Town
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