Why Live in Old Town
Old Town in Key West is a historic neighborhood known for its distinctive conch-style homes, characterized by cozy front porches, wooden shutters, and intricate trim. Many of these homes, particularly in Bahama Village, date back to the 1800s and are built on raised platforms to improve air circulation and reduce mold and water damage. The area is in the X-flood zone, making it less flood-prone than other parts of Key West, though flood insurance and hurricane preparedness are recommended. Homeowners must maintain the original exterior of their properties, with renovations reviewed by the Historic Architectural Review Commission. Interiors, however, are often modernized with open floor plans and updated kitchens. The neighborhood is rich in cultural and culinary attractions, with numerous restaurants offering local specialties like conch fritters and Key lime pie. Notable dining spots include Old Town Tavern & Beer Garden, Blue Heaven, and Santiago’s Bodega. For things to do, residents can explore the Red Barn Theatre, Key West Theater, and Tropic Cinema, or visit the Key West Museum of Art & History. Fort Zachary Taylor Historic State Park and Truman Waterfront Park provide outdoor recreation options, including snorkeling, picnicking, and a weekly farmers market. Key West High School, which has a high rating, serves the area, and there are several private school options as well. The crime rate in Old Town is lower than the national average, contributing to its appeal for residents.
Home Trends in Old Town, FL
On average, homes in Old Town, Key West sell after 116 days on the market compared to the national average of 52 days. The median sale price for homes in Old Town, Key West over the last 12 months is $1,310,000, up 4% from the median home sale price over the previous 12 months.
Median Sale Price
$1,310,000
Median Single Family Sale Price
$1,500,000
Median Townhouse Sale Price
$1,637,500
Median 2 Bedroom Sale Price
$980,000
Median 1 Bedroom Sale Price
$570,000
Average Price Per Sq Ft
$1,268
Number of Homes for Sale
64
Last 12 months Home Sales
253
Median List Price
$1,495,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
4%