This community now is undergoing gentrification as homebuyers purchase and renovate existing properties here. One of Key West's more recent developments in Old Town is Truman Annex, where private homes, town houses, and condominiums all boast features of Key West's distinctive architecture. This self-contained development once was an extension of the island's Bahama Village section and later a portion of the Key West naval base. Truman Annex was constructed and renovated according to a unified plan reminiscent of Old Town but with more green space and winding streets. Because of the charm that this gated development exhibits, even the hubbub created by large cruise ships entering the nearby harbor does not affect its pricey real estate values.
Homes are in the multimillion-dollar price range.
Suburbia meets the city at the upscale but affordable Key West Golf Club community, which, though miles away on Stock Island, looks a lot like Truman Annex, in part because it was created by the same developer. If you are not in the market to buy at this time, a variety of long-term rental options is available. All residents have free access to tennis courts, nature walks, several swimming pools and, of course, golf. New Town, developed a bit later, spreads out along North Roosevelt Boulevard, near stores such as Kmart and Sears. Ground-level homes of CBS construction in these residential communities primarily offer 1,500 square feet of living space and generally feature three bedrooms and two baths.