How do canal depth and dockage affect a Keys home's value?
Short Answer
Canal depth and dockage are among the most significant value drivers for Keys waterfront properties. Deep-water canals with 6+ feet at mean low water command a substantial premium over shallow canals. Properties with permitted docks, boat lifts, and direct ocean access typically sell for 20 to 40 percent more than comparable properties with restricted water access.
Steve's Advice
Steve Conley
Principal, Conley Sales Group at COMPASS
I have seen two identical homes on the same street sell for a $300,000 difference simply because one had deep-water canal access and the other did not. A property on a deep-water canal with no bridge restrictions is in a different market entirely. If you are buying, canal depth should be one of your first questions. If you are selling, that depth is your single biggest marketing asset.
More Questions
More questions in Home Values & Property Valuation
Ready to Take the Next Step?
We are committed to compliance with all federal, state, and local fair housing laws. We do not discriminate against any person because of race, color, religion, sex, national origin, familial status, or disability. Equal Housing Opportunity.
