RIVIERA SHORES
Homes for Sale in Key West, FL
True comps, carrying-cost math, and listings before the portals.
Market Heat
Riviera Shores sits in Key West, Monroe County, where the median closed price as of late July 2026 stands at $925,000 — a figure that reflects the premium the Florida Keys consistently command for land, water access, and the finite nature of the island's housing stock. The inventory base of 485 homes spans a build history stretching from 1900 through 2024, with a median construction year of 1960, which means buyers are navigating a wide spectrum of condition, renovation depth, and structural vintage. Price here is driven less by square footage — the median living area is just under 1,600 square feet — and more by lot position, elevation, and the degree to which a given property has been brought to current wind and flood standards.
The year-over-year median has pulled back nearly 12 percent, a meaningful correction after a long run-up that pushed values to more than double their 2012 baseline. Buyers should read that decline as a market recalibrating, not collapsing — the 28-day median days on market signals that priced-right listings are still moving with purpose. The market heat score of 51 places this squarely in balanced territory: neither a frenzy nor a buyer's free-for-all. Sellers who anchor to peak-cycle comps will sit; sellers who price to current data will close.
RIVIERA SHORES right now
🔴 Off the recent peak. The trailing-12-month median ($925K) is down 11.9% from the prior 12 months ($1.05M) and up 113% since 2012. With about a dozen sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level floridakeys closed sales, 12-month windows ending July 27. Confidence: Low (3 and 5 sales in the two windows).
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Updated July 27, 2026 · Live data: floridakeys, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
RIVIERA SHORES market snapshot (as of July 27, 2026): the median sale price is about $925K, and a median 28 days on market for closed sales. The trailing-12-month median is down 12% from the prior 12 months and up 113% since 2012, computed from record-level floridakeys closed sales (3 closings in the current window).
RIVIERA SHORES is a community of 485 homes in Key West, Monroe County, built between 1900 and 2024 (median 1960), with a median living area of about 1,584 square feet. 50% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
Riviera Shores is a Key West community of 485 homes where the median price sits at $925,000 and homes move in roughly 28 days when priced accurately — a market that rewards preparation and penalizes optimism on both sides of the table.
Who RIVIERA SHORES is best for.
Best for
- A buyer with a budget at or above the $925,000 median who has already stress-tested Monroe County insurance costs and is comfortable with the vintage construction profile typical of this community.
- An owner-occupant or long-hold buyer who wants to be in Key West and understands that exit liquidity in this market depends on condition, pricing discipline, and macroeconomic factors outside any seller's control.
- A buyer actively monitoring the current correction who is prepared to move quickly — median days on market near 28 means well-priced properties do not wait for indecisive offers.
Probably not for
- A buyer expecting a price range below the current median — the data does not support a lower entry point, and assuming one exists is a setup for wasted time.
- A buyer who needs a fully amenitized community with on-site facilities; no such amenities have been identified in Riviera Shores from current MLS data.
- A buyer seeking a short hold with a near-term appreciation thesis — a nearly 12-percent year-over-year decline signals that this market is in a correction phase, and short-cycle return assumptions are not supported by current data.
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 ($925K) IS the median in the snapshot above, and the move from 2025 ($1.05M) IS the -11.9% one-year change.
Windows contain 3 to 14 sales each (3 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 Brevard 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 · Brevard 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 RIVIERA SHORES buying strategy.
If we were buying in RIVIERA SHORES 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 RIVIERA SHORES.
What actually sets the price in Riviera Shores
With a median build year of 1960 and a stock that ranges from century-old Conch-era cottages to homes completed in 2024, condition variance in Riviera Shores is substantial. A buyer comparing two properties at similar asking prices may be looking at entirely different risk profiles: one may carry recent impact-rated windows, an updated electrical panel, and a compliant roof; another may front-load six-figure remediation before it is insurable at a workable premium. In a Monroe County market, insurance underwriting is not a closing-table formality — it is a primary valuation input, and buyers without a clear-eyed inspector and an insurance broker engaged before making an offer are flying blind.
Roughly half the homes in Riviera Shores carry a homestead exemption, which signals a meaningful owner-occupant base alongside the investment and vacation-use segment typical of the Keys. No community amenities have been identified from current MLS listings, so buyers should not underwrite a pool, marina, or clubhouse into their decision — what this community offers is location and the Key West lifestyle itself, not a managed amenity package. The long-cycle appreciation since 2012 has been substantial, but the current year-over-year softening is a reminder that Keys pricing is sensitive to insurance costs, interest rates, and broader second-home demand cycles.
The location and the amenities are priced into every listing in RIVIERA SHORES. The deal is won or lost on condition, the comps, and the renovation math.
Momentum Buy Score.
Our proprietary 0 to 10 read across the factors that decide how a home in RIVIERA SHORES buys, holds, and resells. Momentum Research; not an appraisal.
Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 4 factors (5.4). Basis: Long-Term Appreciation +113% since 2012; Recent Direction -11.9% year-over-year; Owner Commitment 50% owner-occupied; Pricing Power 93.9% sale-to-list. Refreshed with each data update.
Why work with Momentum here
Navigating a market where a 1960 median build year meets a $925,000 median price requires more than pulling comps — it requires knowing which renovations actually move the needle on insurability and appraised value in Monroe County, and which are cosmetic upgrades priced into the ask. Momentum Realty's analysis starts with the data you have just read: real closed-sale figures, honest DOM context, and a direct read on where this market sits in its current cycle. We will tell you when a listing is priced to the moment and when a seller is chasing yesterday's number, and we will not tell you a property is right for you when the inspection picture, insurance exposure, or exit strategy does not support it.
RIVIERA SHORES 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 RIVIERA SHORES 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 RIVIERA SHORES sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in RIVIERA SHORES, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your RIVIERA SHORES home worth?
Get a no-obligation home value based on real comparable sales in RIVIERA SHORES, 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 RIVIERA SHORES?
How long do homes in RIVIERA SHORES take to sell?
How many homes are in RIVIERA SHORES?
What share of RIVIERA SHORES is owner-occupied?
When were the homes in RIVIERA SHORES built?
Do cash buyers compete in RIVIERA SHORES?
Have RIVIERA SHORES home prices gone up?
Who is the best real estate agent for RIVIERA SHORES?
How do I find a top Key West real estate agent who knows RIVIERA SHORES?
Can Momentum Realty connect me with an agent for RIVIERA SHORES?
Should you buy in RIVIERA SHORES?
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 (183 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?
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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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