3

New Town Multifamily Homes & Duplexes for Sale

Section Image
  • /47

    $1,275,000

    • 5 Beds
    • 3 Baths
    • 2,016 Sq Ft

    1006 16th Terrace, Key West, FL 33040

    Welcome to 1006 16th Terrace, a charming two-story residence nestled in the New Town area of Key West, Florida. Whether you are looking for a single-family home or a multi-family arrangement, this property at 1006 16th Terrace combines comfort, functionality & the charm of Key West living. Home boasts 5 bedrooms and 3 bathrooms offering a floorplan that will accommodate multiple situations.

    Barbara Crespo Keller Williams Key West Compass Realty

    1006 16th Terrace, Key West, FL 33040
  • /33

    $2,100,000

    • 4 Beds
    • 3 Baths
    • 1,783 Sq Ft

    1516 17th Terrace, Key West, FL 33040

    New Duplex Listing in Sunrise Shores! Discover this stunning corner property situated on a spacious lot exceeding 13,000 sq ft. The main residence boasts over 1,750 sq ft of living space, complemented by a detached guest cottage of 640 sq ft. This well-maintained property has been lovingly cared for by the owners.Main Home Features:Three Bedrooms and Two BathroomsThoughtful layout featuring:A

    Bascom Grooms Bascom Grooms Real Estate (KW)

    1516 17th Terrace, Key West, FL 33040
  • /12

    $865,000

    • 2 Beds
    • 2 Baths
    • 1,464 Sq Ft

    3711 Eagle Ave, Key West, FL 33040

    On a beautiful street this duplex is located on the desirable upper end of Eagle Avenue. The main house is a full renovation project, offering a prime opportunity for customization or redevelopment. This property comes with a build-back letter from the City of Key West, offering a rare chance to create a custom home in a prime residential area. The property can also be purchased with the

    Terri Spottswood Truman & Co. (KW)

    3711 Eagle Ave, Key West, FL 33040

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

Housing Trends

Median Sale Price
$800,000
Median Single Family Sale Price
$1,025,000
Median Townhouse Sale Price
$674,500
Median 2 Bedroom Sale Price
$519,500
Median 1 Bedroom Sale Price
$364,497
Average Price Per Sq Ft
$753
Number of Homes for Sale
49
Last 12 months Home Sales
85
Months of Supply
6.90
Median List Price
$945,500
Median Change From 1st List Price
8%
Median Home Sale Price YoY Change
22%
How to Buy a Home How to Finance a Home How to Sell a Home