Florida's New Flood Disclosure Law: What Key West Home Sellers Must Know

What does Florida's flood disclosure law require home sellers to do? Florida's amended Statute §689.302 (expanded by SB 948, effective October 1, 2025) requires residential sellers to provide buyers with a separate, standalone Flood Disclosure Form before or at the time the purchase contract is sign

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Closing Costs for Buyers in Key West: A Complete Breakdown

What are the closing costs for buyers in Key West, Florida? Buyers purchasing a home in Key West typically pay 2%–5% of the purchase price at closing if financing, or 1%–3% if paying cash. On a $1.5 million financed purchase, expect roughly $35,000–$55,000 in total closing costs—including Monroe Cou

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Capital Gains Tax When Selling Your Key West Vacation Home

Do you owe capital gains tax when selling a Key West vacation home? Yes. If you're selling a Key West home you've used as a vacation property or second home — not your primary residence — you owe federal capital gains tax on your full profit. The $250,000 exclusion ($500,000 for married couples) onl

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