Demand for real estate in Florida Keys has recently increased. Today, one can purchase a home worth $2m for $2.6m (2014 figures) as opposed to $2.29m three years ago. In 2014 homes that were for sale took around 260 days to sell. Three years ago that figure was 492 days.
In addition, it is near-impossible to find undeveloped land in the region and thus the only way to develop a new project would be to demolish one that is already in existence. Additional properties will be built on Lower Matecumbe Key, to be ready in 2016. David Roussea, a property developer in the area, is in the process of constructing 12 luxury units with ocean views in Tarpon Point. Starting price: $2m for a 2,800 square foot home.