What are the differences between a condominium, a townhouse and a co-op?

A townhouse is a style of construction, whereas condominium and co-op are types of ownership. A townhouse is basically a building or unit that shares a common wall with the building or unit next door. The walls are usually straight and entry is usually from the ground floor. Townhouses usually have two or more stories. A townhouse can be a style of condominium.

A condo is where you own the actual structure of the building jointly with the other members of the association, along with common areas such as swimming pools, tennis courts or other common areas. Individually, you own the airspace and interior of the structure, but not the building itself. You and the other members of the association own the structure together.

A co-op is where you own shares of a corporation or organization that owns the larger structure, and ownership of those shares gives you the right to occupy a specific unit or apartment.

There is a fine selection of more condominiums, cottages and townhomes in Key West today. Starting in the mid 100,000's and up to 2 million for the luxurious waterfront homes. Whether old town Key West compounds to ocean front Keys homes to affordable family Key West condominiums I have them available for you to view. Let me know if I can help you find your Key West real estate dream home.