LIME GROVE
Homes for Sale in Key West, FL
True comps, carrying-cost math, and listings before the portals.
Lime Grove sits inside Key West proper, which means every pricing conversation starts with land scarcity, not comparable square footage. With a median living area of 1,558 square feet and a stock built primarily around mid-century construction — the median build year is 1958 — you are shopping a neighborhood where condition and flood-zone placement drive spreads far more than bedroom count alone. Buyers should treat the median price as an anchor, not a ceiling or a floor; the actual spread in any given quarter can be wide.
A homestead share just above 56 percent signals meaningful owner-occupancy relative to a Key West market often tilted toward investment. That matters for financing conversations and for the general stability of the resale pipeline. With only a two-month closing window in the data set, read any velocity or absorption figures with appropriate caution — a small sample can shift quickly in either direction.
Who LIME GROVE is best for.
Best for
- Buyers seeking a primary Key West residence who have budgeted for island-level insurance costs and want an owner-occupied block rather than a predominantly investor-held street.
- Buyers comfortable evaluating pre-1960 construction — foundation type, elevation, mechanical systems — and pricing condition risk into their offer.
- Investors focused on long-term hold strategy who understand Monroe County's regulatory environment and are not relying on short-term assumptions to justify the purchase.
Probably not for
- Buyers expecting a turnkey purchase at or near median price without factoring in potential flood-zone, insurance, or renovation costs that can materially increase total outlay.
- Buyers whose approval is calibrated to a payment that leaves no cushion — Key West insurance and maintenance carrying costs routinely exceed mainland expectations.
- Buyers seeking a community with shared amenities or HOA-managed infrastructure; Lime Grove offers no identified community amenities, so expectations should be set accordingly.
The LIME GROVE buying strategy.
If we were buying in LIME GROVE today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in LIME GROVE.
What actually moves the needle on price
In a supply-constrained island market, the condition story is everything. Two homes with identical footprints and the same 1958 build year can sit at dramatically different price points depending on whether the structure has been elevated, mechanically updated, and hardened against storm exposure. Buyers who underwrite on square footage alone consistently misread this market. The median living area of 1,558 square feet is useful for comparison but not for budgeting a renovation or gauging finished quality.
No community amenities are identified in current MLS listings for Lime Grove, which is consistent with how much of historic Key West functions — value is in the location fabric itself: proximity to the island's commercial core, walkability, and lot characteristics. For sellers, that means you are marketing the property and its particulars, not a clubhouse or a gate. For buyers, it means due diligence on the individual parcel — flood zone, insurance cost, structural vintage — is more decisive than any neighborhood-level amenity checklist.
The location and the amenities are priced into every listing in LIME GROVE. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
Lime Grove's pricing is condition-driven and insurance-sensitive in ways that reward hyper-local knowledge over automated estimates. Momentum Realty works the Northeast Florida and Florida Keys markets with advisors who understand how flood-zone classification, elevation certificates, and structural vintage translate directly into carrying cost — and into negotiating leverage. If a deal does not pencil for you after a full cost-of-ownership review, we will tell you that before you are under contract, not after.
LIME GROVE in 15 seconds.
HOA, CDD & Fees
- Mandatory HOA — confirm current dues
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a LIME GROVE buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed LIME GROVE sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in LIME GROVE, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your LIME GROVE home worth?
Get a no-obligation home value based on real comparable sales in LIME GROVE, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
See homes for sale in LIME GROVE on the map →
The real cost & risk here
Before the list price, the Florida math the portals skip. These are Monroe County typicals — your exact home, flood zone, and insurance quote will vary, so verify each before you offer.
Check it for your address: look up your flood zone (FEMA) · insurance by county · true-cost calculator · Monroe County scorecard.
County typicals from Momentum’s Florida housing data (Zillow & Realtor.com aggregates, Census, FRED), updated monthly; insurance modeled. Flood zone is property-specific — always confirm via FEMA.
Frequently Asked Questions
How many homes are in LIME GROVE?
What share of LIME GROVE is owner-occupied?
When were the homes in LIME GROVE built?
Do cash buyers compete in LIME GROVE?
Who is the best real estate agent for LIME GROVE?
How do I find a top Key West real estate agent who knows LIME GROVE?
Can Momentum Realty connect me with an agent for LIME GROVE?
Should you buy in LIME GROVE?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Housing stock & ownership | Florida DOR 2025 assessment roll (street-list match (5 streets, ZIP 33037/33040)) |
| Historical depth | Closed-sale records back to 1997 (112 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of floridakeys records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
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You just read the data. Now see what your home is worth.
The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the floridakeys member average and 8 days faster, and we’ll price yours against live your area comps.
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More Key West & The Florida Keys & Monroe County guides
Compare before you commit - every guide covers pricing, HOA/CDD, insurance posture, and fit. Browse all of The Florida Keys & Monroe County or the full Neighborhood Finder.