Located in the Straits of Florida, Key West lies at the Sun Shine State's most south-westerly point, about 90 miles from Cuba. Just four miles long and one mile wide, the island rarely offers anyone the opportunity to buy a holiday home. It's an exclusive, expensive area, but it is possible to find apartments and condos in Miami-Dade County for between $350,000 and $400,000 that have the potential to bring investors a yield of around 8% per year.
Miami International Airport is the nearest hub for visitors to enter the region, which is famous for its spectacular marine wildlife in the coral archipelago of Florida Keys. It starts at the most south-easterly point of the Florida mainland, just 15 miles south of Miami, and extends to Key West.
If you like water sports, this is the place to come for a visit. Snorkelling and scuba diving, boating and watching amazing sunsets, before heading out into Key West's famous Duval Street nightlife are just a few of the reasons why Key West is so popular with holiday home buyers.
The area is also famous for its fishing - one former resident, writer Ernest Hemingway, described the thrill of fishing in his novel The Old Man and the Sea (1952). It was the novel which led to him winning a Nobel Prize for Literature in 1954. Ernest Hemingway House and Museum are one of the most visited tourist attractions in Key West.
Some 70 miles west of Key West lies Dry Tortuga National Park, an area spanning about 100 square miles of protected marine habitat. It is only accessible by boat or seaplane, a fabulous day out for anyone interested in the region's rich marine wildlife. Red-brick Fort Jefferson is located in the National Park, on Garden Key island. It is a vast complex built in the 19th century and open to the public.