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Making Money: An Investor's Guide to Islamorada Real Estate

Islamorada is a tropical paradise on the Florida Keys about 90 minutes south of Miami. It's a bustling destination centered on ocean-based activities.

Fishing, snorkeling, and water-sports of every kind are the top attractions in this village of islands. In 2019, a fisherman landed a record-breaking swordfish, weighing almost 760 pounds off these shores.

Not only is Islamorada an ideal destination for anyone who loves the ocean, but it's also a realty investor's dream come true. Find out why Islamorada real estate is the hottest property around right now. 

Islamorada Real Estate Facts and Figures

Buying property in Islamorada is an excellent option for astute investors. 

Property is in such high demand here that not even the coronavirus could keep it down. Despite the worldwide pandemic, home prices in the Key West area are still in high demand. In fact, inquiries about houses for sale in Islamorada increased by over 16% between February and March 2020.

If you buy a house, holiday home, or investment property in this beautiful part of the world, there's a good chance you'll be selling it at a profit when the time comes. 

You'll need to hurry though, according to Islamorada realtors it always seems to be a seller's market around here. This isn't surprising when you consider the many benefits attached to spending time in this gorgeous destination.  

Waterfront Homes in Islamorada Are in High Demand

Islamorada centers on 4 small islands surrounded on all sides by a stunning turquoise ocean. As such, it beckons to the adventure-seeker as well as those who love ultimate relaxation overlooking glorious views. 

Each island offers its own unique charms. You can relax in tranquil sunny places under gently swaying palm trees, or sip sundowners on a cruise as the golden light fades over the sea. When night falls there are many options for seaside dining while the twinkling stars dance overhead. 

Action-packed days promise the chance to indulge in exciting activities like parasailing, jet-skiing, kayaking, canoeing, swimming, and deep water fishing. For those who like to delve a little deeper, opportunities for snorkeling, scuba diving, and even shark cage diving abound. 

Quaint shops and interesting galleries abound, and there are numerous family activities to keep the whole gang happy. If you're lucky enough to own a house near the sea in this paradisiacal destination, you're in for non-stop action.  

You won't find many Islamorada waterfront homes for sale nowadays and if you do, they command exceptionally high prices thanks to this excess of wonderful water-based activities. Yet, they're worth every cent when you consider the many benefits of owning reals estate in Islamorada. 

Why Should You Consider Buying Real Estate in Islamorada

These are numerous benefits to owning a property in Islamorada.

When you buy property in Islamorada you own an asset of substantial value, especially when you consider how the prices of homes for sale in Islamorada FL have been booming for the last decade. 

Since it's valued so highly, bankers view Islamorada real estate as substantial collateral should you wish to invest in other endeavors too. 

The old adage about 'location, location, location' rings true in Islamorada. No matter where you own a house in this lovely place, you're never far from beautiful beaches, and fantastic attractions.

You'll always have somewhere to go on your vacation. It's unlikely that you'll ever tire of the beautiful scenery and exciting things to do in Islamorada. What's more, you'll own a property that's highly desirable to other vacationers too. You can also reap substantial tax benefits from owning a rental property. 

Islamorada is infinitely livable too. Unemployment is very low with a rate of just 1.5% and the average median household income is around $79,000. Crime is very low and the town ranks in the top 25% of safe places to live in the USA.

At the very least, if you decide to keep your Islamorada home to yourself, you'll have a retirement property that's the envy of everyone you know. 

Tourism in Islamorada is Booming

The Florida Keys are an extremely attractive destination for tourists, drawing millions of visitors every year. Families, couples, and solo travelers alike flock here to enjoy the wealth of activities in store.

Some of the top tourist attractions in Islamorada and surrounds are:

  • Robbie's Marina to see the huge tarpons at feeding time

  • Theater of the Sea for dolphin, parrot, and sea lion shows as well as fish and reptile tours

  • Florida Keys History and Discovery Center to find out about pirates, shipwrecks, and hurricanes

  • Morad Way Arts and Culture District for fine dining, nightlife, and authentic key lime pie

  • History of Diving Museum

  • The Secret Sandbar for an afternoon picnic 

There are two state parks nearby, namely the Windley Key Fossil Reef Geological State Park and Long Key State Park. Here you can explore beautiful coral reefs, canoe in the lagoons, or embark on winding trails along the shore. 

Thanks to these many worthwhile diversions, tourists will pay a premium rate for accommodation in the area. 

Vacation houses in Islamorada fetch high nightly prices. Overnight rates are in the region of $400 to $700 dollars for a three-bedroom property. 

Embrace Your Dreams of an Island-Style Lifestyle

Are you enchanted with the idea of owning a house in Islamorada yet? With so much to offer visitors and locals alike, Islamorada is one of the best places to search for a home or investment property. 

Don't delay, if you want to enjoy all the benefits of owning a home here, get in touch to discuss your Islamorada real estate needs right away.