PEARLMAN HEIGHTS
Homes for Sale in Key West, FL
True comps, carrying-cost math, and listings before the portals.
Pearlman Heights sits inside the city limits of Key West, Monroe County — a market defined by severe land constraint and relentless buyer demand from both primary-residence and investment-oriented purchasers. The median price of $850,000 reflects that pressure. With a stock of 221 homes and a median build year of 1965, you are largely buying mid-century concrete or frame construction that has been updated to varying degrees; condition variance here is wide, and price moves accordingly.
The current market posture signals a buyer's environment worth watching closely. A median days-on-market of roughly 92 — drawn from only four closings in the snapshot window — tells you that well-priced, move-in-ready homes clear, but overpriced or deferred-maintenance listings sit. Sellers should not expect automatic offers. Buyers should not expect desperation pricing, either; the underlying asset is scarce island real estate.
The 60-Second Overview
PEARLMAN HEIGHTS market snapshot (as of July 27, 2026): the median sale price is about $850K, and a median 93 days on market for closed sales.
PEARLMAN HEIGHTS is a community of 221 homes in Key West, Monroe County, built between 1943 and 2014 (median 1965.0), with a median living area of about 1,628 square feet. 69% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
Pearlman Heights is an established Key West neighborhood where the housing stock spans more than seven decades of construction, the majority of owners carry homestead exemptions, and the median price sits at $850,000 — a figure that places it squarely in the upper tier of Monroe County residential real estate.
Who PEARLMAN HEIGHTS is best for.
Best for
- Buyers targeting Key West full-time use who have budget headroom at or above the $850,000 median and time to wait out a deliberate market
- Purchasers with renovation experience who can evaluate mid-century construction accurately and price deferred maintenance into their offer
- Buyers seeking a low-turnover island neighborhood where most owners hold homestead exemptions and long-term stability is evident in the data
Probably not for
- Buyers requiring a fast or predictable closing timeline — the median days-on-market exceeds 90 and the sales volume is very thin
- Those whose budget leaves no room for post-inspection contingencies or mandatory code-compliance upgrades on aging construction
- Buyers expecting new-construction finishes or community amenities — the MLS data identifies none, and the median build year is 1965
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending July 27 of each year, from record-level floridakeys closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($850K) IS the median in the snapshot above.
Windows contain 1 to 9 sales each (4 in the current window); every figure carries its sample size, and thin markets swing on single closings. Listing data provided by Florida Keys MLS, Inc. Information is deemed reliable but is not guaranteed by the MLS to be accurate. Deemed reliable but not guaranteed.
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.
The PEARLMAN HEIGHTS buying strategy.
If we were buying in PEARLMAN HEIGHTS 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 PEARLMAN HEIGHTS.
What the Numbers Actually Mean
The homestead rate of nearly 69 percent is the most telling structural fact in this snapshot. When more than two-thirds of owners are homesteaded, you are in a neighborhood where people intend to stay — turnover is naturally low, which partly explains why only four closings occurred in the measurement window. That thin sales volume also means the median price figure carries wide confidence intervals; a single distressed sale or a premium renovation can shift it meaningfully. Treat the $850,000 median as an orientation point, not a precise appraisal benchmark.
Median living area of roughly 1,628 square feet on Key West land is not small by island standards — but it is not generous, either. Homes range in construction from 1943 to 2014, and the median build year of 1965 means the typical property predates modern hurricane code by decades. Buyers should budget for due diligence: wind mitigation reports, flood zone verification, and inspection of electrical, plumbing, and roof systems that may be original or partially updated. No community amenities are identified in current MLS data, so lifestyle here is driven by Key West itself rather than any on-site infrastructure.
The location and the amenities are priced into every listing in PEARLMAN HEIGHTS. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
A four-closing window in a 221-home neighborhood means the public data is thin and the real market intelligence lives off-market. Momentum's Northeast Florida brokerage relationships extend into the Keys market precisely because thin, high-value markets reward brokers who track unlisted inventory and understand condition-adjusted pricing. We will tell you when the inspection findings change the calculus — and we will not push you toward a closing that does not make sense for your situation.
PEARLMAN HEIGHTS 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 PEARLMAN HEIGHTS 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 PEARLMAN HEIGHTS sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in PEARLMAN HEIGHTS, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your PEARLMAN HEIGHTS home worth?
Get a no-obligation home value based on real comparable sales in PEARLMAN HEIGHTS, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
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Frequently Asked Questions
What is the median home price in PEARLMAN HEIGHTS?
How long do homes in PEARLMAN HEIGHTS take to sell?
How many homes are in PEARLMAN HEIGHTS?
What share of PEARLMAN HEIGHTS is owner-occupied?
When were the homes in PEARLMAN HEIGHTS built?
Do cash buyers compete in PEARLMAN HEIGHTS?
Who is the best real estate agent for PEARLMAN HEIGHTS?
How do I find a top Key West real estate agent who knows PEARLMAN HEIGHTS?
Can Momentum Realty connect me with an agent for PEARLMAN HEIGHTS?
Should you buy in PEARLMAN HEIGHTS?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Community market stats | floridakeys closed sales, 12-month windows ending July 27, 2026 |
| Housing stock & ownership | Florida DOR 2025 assessment roll (street-list match (5 streets, ZIP 33040)) |
| Historical depth | Closed-sale records back to 1998 (104 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.
Own a home here?
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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