Key Colony Beach 1st Add Homes for Sale

Key Colony Beach 1st Add is a residential community in Key Colony Beach, Florida.

Pure Equity Realty covers Key Colony Beach 1st Add and the Key Colony Beach 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 4 Key Colony Beach 1st Add Key Colony Beach homes for sale as of October 2026. The median asking price is $874,000. Asking prices run from $849,000 to $950,000.

That sits close to the Key Colony Beach median of $869,000. On a per-foot basis, homes here ask about $884 per square foot, roughly in line with the city at $884. So the median price buys roughly 1,000 square feet of living area.

Listings here have averaged 99 days on the market. That is faster than the Key Colony Beach average of 134 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in Key Colony Beach 1st Add date from 1961 to 1974. That puts them between 52 and 65 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 Key Colony Beach 1st Add price means in Florida closing terms. At $874,000, a 20% down payment comes to about $175,000, leaving a loan near $700,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $2,449. Next, the intangible tax of 0.2% adds about $1,399. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the Key Colony Beach 1st Add median, that is about $6,121.

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 Key Colony Beach 1st Add listings show assignments to Stanley Switlik (elementary), Marathon (middle) and Coral Shores (high). However, boundaries can change each year, so confirm the assignment for a specific address with the county school district.