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.

$21,000,000

101600 Overseas Highway KEY LARGO, Florida

3 Beds 3 Baths 3,717 SqFt

$9,750,000

200 Treasure Harbor Drive ISLAMORADA, Florida

4 Baths 1,069 SqFt

$7,900,000

90311 Old Highway Tavernier, Florida

2 Beds 2 Baths 10,714 SqFt

$6,500,000

82705 Overseas Highway ISLAMORADA, Florida

2 Beds 5 Baths 9,064 SqFt

$6,500,000

517 Duval & 518 Bahama Street KEY WEST, Florida

4 Baths 7,854 SqFt

$6,500,000

38 Coco Plum Drive MARATHON, Florida

1 Baths 5,439 SqFt

$6,290,000

243 61St Street Gulf Street MARATHON, Florida

13 Beds 14 Baths 4,461 SqFt

$5,454,400

3300 Riviera Drive KEY WEST, Florida

4 Beds 5 Baths 3,577 SqFt 0.27 Acres

$5,000,000

199 Morris Avenue KEY LARGO, Florida

2 Baths 224 SqFt

$4,900,000

58000 Card Sound Road KEY LARGO, Florida

1 Beds 3 Baths 2,297 SqFt

$4,655,500

1812 Flagler Avenue KEY WEST, Florida

9 Beds 11 Baths 8,004 SqFt 0.31 Acres

$4,655,500

1812 Flagler Avenue KEY WEST, Florida

9 Beds 11 Baths 8,004 SqFt

$4,500,000

1000-1006 Truman Avenue KEY WEST, Florida

2 Baths 2,756 SqFt

$4,500,000

1114 Duval Street KEY WEST, Florida

2 Baths 2,760 SqFt

$3,750,000

830 50Th Court MARATHON, Florida

4 Beds 3 Baths 2,469 SqFt 0.63 Acres

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.