Tropical Bay Add Homes for Sale

Tropical Bay Add is a residential community in Big Pine Key, Florida.

Pure Equity Realty covers Tropical Bay Add and the Big Pine Key area. We list for 1%, which includes photography, MLS syndication, and negotiation support. Buyers pay nothing for representation. For current market data, see Florida Realtors' market statistics.

Our MLS feed shows 3 Tropical Bay Add Big Pine Key homes for sale as of October 2026. The median asking price is $965,000.

That sits close to the Big Pine Key median of $995,000. On a per-foot basis, homes here ask about $804 per square foot, roughly in line with the city at $804. So the median price buys roughly 1,200 square feet of living area.

Listings here have averaged 544 days on the market. That is slower than the Big Pine Key average of 199 days. Because of that, buyers often have more room to negotiate on price, repairs or closing costs.

Homes listed in Tropical Bay Add date from 1979, so they are about 47 years old.

All of these homes predate Florida's 2002 statewide building code. So roof age, window protection and the wind mitigation report matter a great deal for insurance.

In addition, most Florida insurers ask for a four-point inspection on homes 30 years or older. It covers the roof, electrical, plumbing and HVAC. Updated systems usually make coverage easier to place.

Here is what the median Tropical Bay Add price means in Florida closing terms. At $965,000, a 20% down payment comes to about $193,000, leaving a loan near $772,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $2,702. Next, the intangible tax of 0.2% adds about $1,544. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the Tropical Bay Add median, that is about $6,755.

Finally, owner-occupants should file for the Florida homestead exemption by March 1. It removes up to $50,000 of assessed value. After that, Save Our Homes caps yearly assessment increases at 3% or inflation, whichever is lower. To see what these numbers mean for your budget, get pre-approved before you tour.

Recent Tropical Bay Add listings show assignments to Sugarloaf (elementary), Marathon (middle) and Key West (high). However, boundaries can change each year, so confirm the assignment for a specific address with the county school district.