Ibis Bay Resort is one of the first places you come across in the city limits of Key West if you are coming down Route 1. It is located on the northern side of the Key, right near the Naval Air Station. It looks like a very nice place to stay. We did not actually stay here, but we got antsy on our drive and once we saw this place, we stopped for a drink at their beach bar. Based on what we saw, it looks like a very affordable place to stay if you don't want to be in the heart of all the hustle and bustle in downtown Key West.