Flood Information For Key West Commercial Real Estate Investors

Those interested in commercial real estate investing in Key West have to consider numerous factors that are unique to the delicate ecosystem, geology and weather patterns of the Keys. One factor for consideration is flood insurance. A buyer has to determine the insurability of the property against flooding. In order to determine the insurability, commercial real estate investors in the Florida Keys should seek counsel from a qualified insurance agent.

Structures Built Before January 1, 1975

For structures built before January 1, 1975, have a special set of rules governing improvements that might limit the structure’s reconstruction, rehabilitation or addition potential.

Structures Built After January 1, 1975

Structures that were built after this date that has any enclosures below the Base Flood Elevation are typically considered inhabitable. If there actually is space for living in below BFE, the owner of the property might be required to demolish that area or may be subject to a steep insurance premium.

Base Flood Elevation in Monroe County

Base Flood Elevations (BFEs) are shown on Flood Insurance Rate Maps (FIRMs). The BFE compared to a building’s actual elevation determines the flood insurance premium.
If you want to know how Base Flood Elevation might affect a particular property, you can also always call the Monroe County Federal Emergency Management Coordinator. Monroe County also has more information on the topic on its webpage dedicated to building requirements. You can find that here. Additionally, you could contact the City of Key West. Lastly, you can check FEMA flood maps online too. You will find those located online here.

$20,000,000

101600 Overseas Highway KEY LARGO, Florida

3 Beds 3 Baths 3,717 SqFt

$10,500,000

139 Seaside Avenue KEY LARGO, Florida

5 Beds 7 Baths 6,740 SqFt

$7,500,000

517 Duval & 518 Bahama Street KEY WEST, Florida

4 Baths 7,854 SqFt

$5,995,000

3428 Roosevelt Boulevard N 1,2,3,4,5,6 KEY WEST, Florida

7 Baths 8,046 SqFt

$5,990,000

112 Bounty Lane N KEY LARGO, Florida

5 Beds 5 Baths 4,822 SqFt 0.180 Acres

$4,800,000

3574 Overseas Highway 1-7 MARATHON, Florida

5 Beds 4 Baths 7,706 SqFt

$4,749,000

100099 Overseas Highway KEY LARGO, Florida

2 Baths 4,680 SqFt

$3,995,000

30770 Overseas Highway Big Pine, Florida

12,560 SqFt

$3,750,000

919 - 921 Duval Street KEY WEST, Florida

9 Beds 6 Baths 4,173 SqFt

$3,699,000

10 Ocean Drive E MARATHON, Florida

5 Beds 3 Baths 2,832 SqFt 0.290 Acres

$3,600,000

96180 Overseas Highway KEY LARGO, Florida

3 Beds 3 Baths 1,445 SqFt 0.960 Acres

$3,500,000

770 107th Street Ocean MARATHON, Florida

33,977 SqFt

$3,500,000

770 107Th St Ocean MARATHON, Florida

$3,250,000

101350 Overseas Highway KEY LARGO, Florida

2 Baths 6,674 SqFt

$3,100,000

155 Atlantic Circle Drive KEY LARGO, Florida

3 Beds 2 Baths 2,694 SqFt

Upscale, Comfortable Commercial Real Estate Office

The RE/MAX Keys Connection office is located in the Historic Heritage House in the heart of Old Town, conveniently located immediately nearby major downtown hotels. Our unique, cafe-style real estate office offers our valued clients a welcoming, upscale, professional environment. Enjoy complimentary beverages, free wi-fi, and a private conference room or expansive front porch, depending on the level of privacy you’re most comfortable with.

Experienced Commercial Real Estate Brokerage Company

RE/MAX Keys Connection’s owner and broker Curtis Skomp is one of South Florida’s top commercial real estate brokers. With over two decades of experience and a CCIM (Certified Commercial Investment Member) designation, Curtis has brokered commercial real estate including industrial properties, shopping centers, strip malls, trailer parks, bars, restaurants, hotels and multi-unit apartment buildings. Unlike many brokers, Curtis isn’t intimidated by bank foreclosures either.
RE/MAX Keys Connection offers clients international exposure with local service. Our service area includes Key West, Big Pine Key, Marathon, Islamorada, Key Largo, and all of unincorporated Monroe County. Our office is fluent in Spanish, which is highly important when doing business in Southern Florida.