Key West Market Pulse: A Season of Stability – April 2025 Insights
As April comes to a close, the Key West real estate market is showing signs of welcome stability—an encouraging shift after several years of volatility. The sharp price surges of 2021 and 2022 have given way to a more balanced, sustainable environment in 2025, offering both buyers and sellers a clearer, more predictable landscape. Compared to this time last year, the market is moving at a steadier, more thoughtful pace. While demand remains healthy, the intense urgency that once defined the post-pandemic period has notably eased. Properties with architectural charm, historical significance, or prime locations continue to command attention, but decisions are being made with more strategy and less haste. This more deliberate tone is reshaping how both sides of the transaction engage. Buyers are taking the time to evaluate long-term value, while sellers are leaning into pricing and presentation to stand out. The market is no longer about who moves fastest—it’s about who moves smartest.
In short: Key West continues to offer compelling opportunities, but success today is built on preparation, patience, and precision.
FEATURED LISTING
913 Watson Street, Key West
Tucked away on one of Key West’s most private and secluded streets—seriously, if you’ve never been to 913 Watson Street, you’ve probably never been on this block—this meticulously reimagined historic home, built prior to 1912, is the epitome of island living.
TESTIMONIALS
“How do we begin to thank you all-firstly, Lynn and Jackson, who were such good friends to Dad and whose company brought him so much pleasure-and then to you, Ted, for your super-hard work? I know it’s been a challenging time in real estate, and we feel so lucky and grateful to have had TEAMKAUFELT to take us through it. It’s extra hard selling something with multiple owners who live far away, and y’all were totally valiant keeping us informed and giving us your best instincts to find the right buyer.”
NENNA & NICK E.
“Team Kaufelt were the perfect realtor partners at every step – from taking the most fabulous photos and video for marketing, to prepping our property for showing, vetting the prospective buyers, keeping us informed at every stage right up to the successful selling of our home. We could not recommend them highly enough!”
ROSI & JEFF W.
“Ted Stewart was professional, very responsive, and was always a step ahead. Old Town Fitness was the first business we bought in Florida and we are very happy with the service we received from TEAMKAUFELT. From rides to the airport to specific details pertaining to closing the deal, everything was smooth. Looking forward to our next commercial and/or residential deal with you in the future!”
AL F. & JOHN M.
“How do we begin to thank you all–firstly, Lynn and Jackson, who were such good friends to Dad and whose company brought him so much pleasure–and to you, Ted, for your super-hard work. I know it’s been a challenging time in Florida real estate, and we feel so lucky and grateful to have Team Kaufelt to take us through it.”
FERNANDA E.
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Open Houses Details:
326 WILLIAM STREET, KEY WEST
Friday, March 28, 2025 
1:00 PM – 4:00 PM
4 Spacious Bedrooms 
5 Bathrooms 
An Entertainer’s Dream Backyard 
A Botanical Wonderland 
Indoor-Outdoor Entertaining Perfection 
A Private Poolside Retreat
Dade county pine 
Currently configured as four distinct apartments:
Direct canal access for boating & fishing 
Spacious backyard with room for a custom pool 
Dade County Pine walls & historic character throughout 
THURSDAY 11AM - 1PM hosted by: @damianvantriglia
3BD | 2BA | 1,794SF | 3,540 Sqft. Lot
Heated Swimming Pool with 7' Waterfall
Off-Street Parking
In the first of half of 2023, the average sale price of homes in Key West increased by 10%, however, the overall number of transactions closed decreased by 58%. Click the link below to see the entire real estate market update for Key West and learn how TEAMKAUFELT is continuing... to excel in an ever changing Key West real estate market.
” landed a leading role as “Buggs” in the major motion picture film “CrissCross,” a Key West movie starring @GoldieHawn and filmed on location here in Key West! Damian was impressive to the movie producers and the casting director with his lizard tricks. What Damian did was clamp lizards onto his ears and nose - where they’d hang obediently. “I just put them to sleep, I don’t harm them,” Damian explained. Damian would catch the friendly geckos and pet them gently to sleep. Sometimes he would keep one for a day in his terrarium, feeding it “Vitafly,” nutritious freeze dried flies. In the film, Goldie Hawn delivers a moving portrayal as a poor, single mother left to raise her young son in a seedy Key West neighborhood after her troubled, Vietnam vet, husband leaves the family to take up residence at a monastery. When Tracy reluctantly resorts to dancing at a strip club to make more money, Chris begins to take on odd jobs to help her out. Unfortunately, his work transporting freshly caught fish leads to unforeseen trouble for Chris and his struggling mother. Damian is pleased to become a member of TEAM KAUFELT with Truman & Co., Real Estate Services selling property in Key West and the Lower Florida Keys. Born and Raised in Key West, Damian has a strong appreciation of the island and its amazing community. Damian's community involvement includes: Support Keys Schools, Take Stock in Children, Monroe Computes, Monroe Association for ReMarcable Citizens, Bahama Village Music Program, Reef Relief, and many others.
Welcome to Key West, Florida. A destination that offers a unique blend of natural beauty, ecological diversity creating the ideal place for birding. With the landscape and vibrant ecosystem, the Florida Keys is able to support numerous bird species such as the great white heron, osprey, brown pelican, and more.
The Orchid House at 526 Frances Street is a luxurious property situated in the charming heart of Key West. Featuring lush and vibrant grounds, this picturesque paradise provides locals and visitors alike with an opportunity for unforgettable photos. The front porch, private courtyard, and heated pool are all surrounded by fragrant orchids and tropical palm trees. This house is a must-see! Its colorful exterior stands out from the rest, with eye-catching shades that capture your attention. The lush gardens surrounding the property are one of the most admired on the island.
Locals and tourists alike know this landmark property located just off Truman Avenue as The Coffee Mill. Built prior to 1907, the property was home to an active coffee bean processing plant until the 1950’s. In recent years, the building was famously home to one of Key West’s most popular dance studios.
1612 Washington Street, Key West is a Mid-century Modern, single-level duplex in the heart of Midtown! Sited on a large 4,806sf lot, this concrete block structure includes a total of 4 Bedrooms and 2 Bathrooms and new hurricane shutters have been installed for protection and insurance credits. The home has been newly landscaped with the addition of a screened-in, covered patio and updated for maximum use. The current owner used the back unit as a pied a terre and successfully rented out the main unit in the front.
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