Kelsey Caputo-Frins June 3, 2025
🏝️ Building vs. Buying a Home in the Florida Keys: What You Need to Know
If you’ve ever dreamed of owning a piece of paradise in the Florida Keys, one of the biggest decisions you’ll face is whether to build a custom home or buy an existing property. Both paths offer unique opportunities — and unique challenges — especially in a market as distinct as the Keys.
Let’s break down the pros, cons, costs, and key factors that could influence your decision.
🏗️ Building a Home in the Florida Keys
✅ Pros of Building:
❌ Cons of Building:
🏠 Buying a Home in the Florida Keys
✅ Pros of Buying:
❌ Cons of Buying:
💰 Cost Breakdown: Building vs. Buying in 2025
Factor |
Building |
Buying |
Avg. Cost per Sq Ft |
$450–$600+ |
$750–$1,000 (turnkey) |
Vacant Lot (60’ x 100’ canal) |
$400K–$800K |
— |
Permit & Impact Fees |
$60K–$100K+ |
— |
Construction Time |
18–36 months |
30–60 days to close |
Customization |
Full Control |
Limited (renovation/ addition possible) |
Insurance Premiums |
Lower (new code) |
Higher (older homes) |
⏱️ Time & Patience: A Key Factor
If you're relocating soon or want to generate rental income quickly, buying an existing home is often the faster and more practical choice. But if you're looking to create a legacy home, don't mind the wait, and have the budget to navigate the process, building can offer unmatched personalization and long-term satisfaction.
🗺️ What’s Best for You?
There’s no one-size-fits-all answer. The Florida Keys are a unique market defined by limited land, strict development rules, and high demand — which makes both existing homes and new construction valuable in their own right.
If you're weighing your options, I can help you:
Let’s explore the smartest path to your dream home in the Keys — whether you're ready to build it or buy it.
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