Opening Date: December 20, 1991
Deed Expiration: Jan 31st, 2042 (Original) / Jan 31st, 2057 (Extended)
2021 Annual Dues per Point: $8.36 (See Dues History)
Direct Cost (2020): $168 / point
Average Resale Cost End Date (2021): $95-$135 / point RESALE CONTRACT LISTINGS AT DVCSTORE.COM
(Add $10-20 for extended contracts) RESALE CONTRACT LISTINGS AT DVCSTORE.COM FOR EXTENDED CONTRACTS
Next Expected Refurb date: 2022
Old Key West (OKW) is the original DVC resort and was in fact called the Disney Vacation Club resort when it opened on December 20, 1991. It was constructed in stages with Stage 1 completed in 1992, Stage 2 in 1993, and the last stage completed on May 1994. (The preview center was demolished in 1998 and three additional buildings were built in its place as well.) In total, 49 buildings were completed with at least 8 different layouts. While the resort did not sell out until 1998, the end of lease for all contracts was January 31st, 2042.
Sales began in October of 1991 at the preview center on the property at $51 per point, though pre-sale prices are indicated as having been only $48 per point. In addition, the annual maintenace fees started at only $2.51 per point per year. The resort was renamed Old Key West in January 1996. By the time the resort sold out in the Fall of 1998, prices were still only $62.75 per point.
In 2007, Disney did a trial on extending the contracts at Old Key West. At the time, Disney offered 15 year extensions (to Jan 31, 2057) for a price of $25 per point, though additional offered a $10 per point reduction to $15 per point if owners signed up for it by the end of February 28, 2008. (Editor: While I usually refrain from opinion on this site, in hindsight, this was an incredible deal and every owner SHOULD have chosen to do it - this was only $1 per point per year - even at the time contracts were being offered at around $95 a point which was almost $2 per point per year. I understand that many felt they would never use it, but the extended contract maintain a value of about $15 per point more, and this will expand as that date approaches closer.) This was a one time offer that was eventually closed off to members (I could not find the date at which the offer was taken down.) Currently, direct contracts from DVC are sold with a January 31, 2057 end date and as of October, 2020 they sell for $165 per point.
The resort is the second largest in the DVC system with a total of 531 units, and 7,674,852 points. Buildings vary in number of rooms and even number of floors. It should be noted that most buildings do not have elevators - With the exception of the last 3 buildings. Eight buildings have the separate booking cateogry of "Near Hospitality House" (Buildings 11, 12, 13, 14, 23, 24, 25 & 26). Details of room distribution within the resort is shown below.
All DVC studios have a kitchenette which containers a small coffeemaker, toaster, microwave, small sink, and dorm-sized refrigerator. Paper plates/bowls and plastic utencils are usually provided. All DVC 1-bedroom and larger have a complete kitchen with full-size refrigerator, stove, oven, microwave, dishwasher and sink. Also provided are dining ware and cook ware in basic amounts. DVC 1-bedroom and larger also have a free washer and dryer in the room, while studios have free access to a common laundry facility
1 Bedroom Villa:
2 Bedroom Vila:
2 Bedroom Lock-off Villa:
3 Bedroom Grand Villa, 1st Floor:
3 Bedroom Grand Villa, 2nd Floor:
There are four laundry locations at Old Key West - one at each of the pools on property. Washers and Dryers can be monitored by using the website Laundryview.com (or their app).
There are five bus stops at the Old Key West property. Most buses stop in the following order.
Buses to Disney Springs will stop at Hospitality House first and then follow the rest of the list. In addition, there is a boat launch that will also take a leisurely ride to Disney Springs in about 20 minutes.
Transportaion to other locations at Walt Disney World (not including typical wait times for buses which typically range from 0-20 minutes)
Thank you to Jonathan Alvarado for letting us share his video of Old Key West resort. Visit his Youtube page "Where's Johnny?" to see more Disney vidoes.