Data Analysis
Monroe County had 445 waterfront single-family homes for sale and 73 under contract or pending on October 29, 2026, but only 4 of 83 at $5 million and above were in a contract.
Our Florida Keys MLS data showed waterfront houses at 6.1 listings per contract and non-waterfront houses at 7.7. The $5M+ waterfront tier ran at 19.8 to 1.
Our live Florida Keys MLS data showed 445 waterfront single-family homes for sale and 73 under contract or pending in Monroe County on October 29, 2026, about 6.1 listings for every waterfront house in a contract. Houses without a waterfront ran at 7.7 to 1, with 307 active and 40 in a contract. The median waterfront asking price was $2,350,000, against $935,000 for other houses. At the top, 79 waterfront homes were listed at $5 million or more and 4 were in a contract, about 19.8 to 1. All figures are ours, computed from Florida Keys MLS records; information is deemed reliable but not guaranteed.
This piece covers single-family houses only. Our October 28 article on Florida Keys condos under contract covers condos, our October 27 article on the Citizens flood requirement covers insurance, and our October 23 article on Keys new listings and price cuts covers listing flow. Completed-month figures are in our Florida Keys median price article, and the full series sits on the Florida Keys market data hub.
How many waterfront homes are for sale in the Florida Keys?
Waterfront homes were 445 of the 752 single-family houses on our active list on October 29, about 59 percent, and 73 of the 113 houses in a contract, about 65 percent. The median waterfront house had been listed 112 days, against 89 for other houses, and 124 waterfront listings had passed 180 days. Of the active waterfront homes, 269 listed a private pool.
Price reductions were deeper on the water. Of the 445 active waterfront homes, 193 were priced below their original list price, at a median of 7.6 percent below. Among other houses, 143 of 307 had been reduced, at a median of 4.5 percent.
Which waterfront price ranges are selling in the Keys?
| List price band | Waterfront active | Waterfront in contract | Active per contract | Other houses active | Other houses in contract | Active per contract |
|---|---|---|---|---|---|---|
| Under $1 million | 67 | 11 | 6.1 | 174 | 24 | 7.2 |
| $1 million to $1,999,999 | 125 | 24 | 5.2 | 75 | 10 | 7.5 |
| $2 million to $2,999,999 | 92 | 19 | 4.8 | 33 | 4 | 8.2 |
| $3 million to $4,999,999 | 82 | 15 | 5.5 | 19 | 2 | 9.5 |
| $5 million and above | 79 | 4 | 19.8 | 6 | 0 | n/a |
Source: Momentum Research, computed from Florida Keys MLS records, live snapshot, October 29, 2026. Single-family houses only; waterfront follows the MLS waterfront field. Deemed reliable but not guaranteed.
From $1 million to just under $5 million, waterfront houses ran at about 5 to 1, faster than houses without a waterfront at the same prices. The $5 million tier was the exception: 79 waterfront listings and 4 contracts.
Where in the Keys are waterfront homes for sale?
| Area (ZIP codes) | Waterfront active | In contract | Active per contract | Median asking price | Median days listed |
|---|---|---|---|---|---|
| Upper Keys (33037, 33070, 33036) | 154 | 21 | 7.3 | $3,725,000 | 101 |
| Middle Keys (33050, 33051, 33001) | 116 | 18 | 6.4 | $2,672,000 | 115.5 |
| Lower Keys (33043, 33042) | 136 | 26 | 5.2 | $1,284,500 | 112.5 |
| Key West area (33040) | 39 | 8 | 4.9 | $1,799,999 | 127 |
Source: Momentum Research, live snapshot, October 29, 2026. Areas grouped by listing ZIP code. Deemed reliable but not guaranteed.
The Upper Keys held the most waterfront listings and the highest median asking price, $3,725,000, and ran slowest at 7.3 to 1. The Lower Keys, with a median of $1,284,500, ran at 5.2 to 1. In the Key West area most houses were not on the water: 132 non-waterfront houses were active, with 19 in a contract and a median asking price of $1,552,000. Recent prices by place are on the Key Largo, Plantation Key, Marathon, Duck Key, Big Pine Key, Summerland Key and Key West market pages.
Does building age matter for Keys waterfront homes?
Waterfront houses built from 1975 to 2000 moved fastest, at 4.1 to 1, with 169 active and 41 in a contract at a median asking price of $1,975,000. Houses built in 2001 or later ran at 7.9 to 1, with 189 active at a median of $3,100,000. Houses from before 1975 ran at 10.6 to 1, with 85 active and 8 in a contract.
What did Keys waterfront homes sell for this year?
From January through September 2026, our data recorded 539 waterfront single-family sales in Monroe County at a median price of $1,550,000, with a median sale-to-list ratio of 95.1 percent and a median 73 days on market. Of those, 34 sold for $5 million or more. Houses without a waterfront recorded 429 sales at a median of $885,000 and a 95.6 percent sale-to-list ratio. The last tax bill shown on active waterfront listings had a median of $9,900, against $5,726 for other houses; those are the current owner's bills.
What does this mean for Keys buyers and sellers?
For buyers, the $5 million waterfront tier and the Upper Keys offer the most choice per contract, and many waterfront sellers have already cut from their first price. For sellers, waterfront homes from $1 million to $5 million were going under contract faster than comparable homes off the water. Insurance budgets are on our Key Largo, Marathon and Key West home insurance pages, and property tax rates on our Monroe County property tax page.
People also ask
How many waterfront homes are for sale in the Florida Keys?
Our live MLS data showed 445 waterfront single-family homes for sale in Monroe County on October 29, 2026, with 73 under contract or pending and a median asking price of $2,350,000.
Are $5 million waterfront homes selling in the Florida Keys?
On October 29, 2026, 79 Keys waterfront houses were listed at $5 million or more and 4 were in a contract. From January to September 2026, 34 waterfront houses sold for $5 million or more.
What is the median price of a waterfront home in the Florida Keys?
Waterfront single-family homes in Monroe County sold at a median of $1,550,000 from January through September 2026, against $885,000 for houses without a waterfront.
Limitations
Figures are a single live snapshot taken October 29, 2026, not monthly totals, plus closed sales from January to September 2026. Contracts combine the MLS statuses active under contract and pending. Waterfront follows the MLS waterfront field and does not separate oceanfront, bayfront and canal lots. Areas are grouped by ZIP code and are approximate. Original list price comes from the listing and may reset when a listing is withdrawn and relisted, as may days listed. Tax amounts are the most recent bill on the listing and may reflect the current owner's exemptions. Small groups, such as the $5 million tier, can swing with a few listings. Sales recorded outside the MLS are not counted. Figures may be revised as the MLS updates records. This article is general information, not advice about any specific property or transaction.
Sources
- Momentum Research, computed from Florida Keys MLS records, Monroe County, live snapshot October 29, 2026, and closed sales January to September 2026. Information is deemed reliable but not guaranteed.
- Florida Keys market data hub, Momentum Research.
Disclosure: Jon Brooks is a co-founder of Momentum Realty, a Florida real estate brokerage that owns and funds Florida Housing Intelligence. Momentum has a financial interest in Florida real estate transactions, including in markets named here. See our editorial standards.
Market statistics in this article are computed from MLS data licensed by Momentum Realty, and are current as of the date shown. Data may be preliminary and subject to revision by its source. This article is general information, not advice about any specific property, transaction, or financial decision, and is not a representation about any specific property, community, builder, or association.
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