If you’ve toured a few luxury homes in the Florida Keys, chances are you’ve seen it: the sleek door, the quiet hum, and then—whoosh—you’re gliding up to the next level without breaking a sweat. Yep, private residential elevators aren’t just for penthouses in Miami anymore. They’re showing up in waterfront homes throughout the Keys, and not just in the multi-million-dollar price bracket. Believe it or not, you can sometimes find single-family homes with elevators under the $1,000,000 mark.
So… should you buy a home with an elevator? Let’s take a ride through the pros and cons.
The Pros of a Private Elevator
1. Aging in Place
Stairs can be a challenge as we age, but that doesn’t mean you have to give up your dream Keys home. An elevator makes it easy to enjoy multi-story living—today, tomorrow, and well into the future.
2. Rental Desirability
Vacation renters love convenience, and an elevator adds a “wow factor” that can make your listing stand out. Guests hauling luggage, fishing gear, or groceries from Publix will thank you.
3. Everyday Convenience
Think about carrying up cases of water, paddleboards, or that Costco run. With an elevator, you’re not just going up—you’re leveling up your lifestyle.
4. Long-Term Value
Homes with elevators often appeal to a wider buyer pool, from retirees to families, making them easier to sell down the road.
The Cons of a Private Elevator
1. Maintenance & Repairs
Like your boat, your elevator needs regular care. Maintenance contracts, inspections, and occasional repairs are part of the deal—and they can add up.
2. Upfront Costs
Even if you’re buying in the under-$1M range, an elevator often means you’re getting into higher-end finishes and features. That’s great for comfort but something to budget for.
3. Power Outages
This is the Keys, and storms happen. Elevators need electricity, so you’ll want to know how your home (and elevator) handles outages.
4. Space Trade-Off
Elevators take up square footage, which could otherwise be used for storage, a walk-in pantry, or even a wine cellar.
Is It Worth It?
If you love the idea of convenience, accessibility, and maybe just a touch of drama (hello, grand entrance!), a home with a private elevator could be the perfect fit. For buyers planning to stay long-term—or investors who want a rental property that stands out—an elevator can add real value.
But remember: it’s not a ride you take for free. Weigh the ongoing maintenance against the lifestyle boost, and decide whether pressing that “Up” button is worth it for you.
✨ Final Thought: In the Florida Keys, homes are as unique as the people who buy them. Whether your dream house has an elevator or not, the real joy is finding a place where every level—ground floor to rooftop—feels like paradise.
👉 Curious to see what’s currently on the market? Click here to explore Florida Keys homes with elevators
