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.
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.
If you have a specific situation or property in mind, I encourage you to reach out directly. Every real estate transaction in the Florida Keys has unique factors, and a conversation is the best way to get the precise guidance you need. My team and I are here to help you navigate the process with confidence.
Text me at (305) 393-5859 or send a message through the contact page and I will get back to you personally.
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.
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