February 15, 2017

Located at Mile Marker 89 in the popular neighborhood of Indian Harbor, this home is close to everything the Upper Keys has to offer.

There are three bedrooms and two baths, with ample closet and storage space. The large screened patio provides a great spot to relax and enjoy the fresh island breezes.

Downstairs there is covered parking for 4 cars, as well as two sheds for additional storage. The lot is fully fenced.

The home has a new metal roof and new A/C as well. 

Indian Harbor has a nice homeowners park with private boat ramp for just a nominal yearly fee.  Its also a perfect place to go watch the sunsets, and is only a short walk away.

Offered at $450,000
January 31, 2017

Investor Opportunity - Waterfront Multi-Family with Dockage


Investor opportunity in The Village of Islamorada! All concrete building plus 4 boat slips and dockage along seawall. Clean, clear canal leads directly to Tavernier Creek for easy ocean or bay access.

Currently being used as 3 apartments:
2/2 rents for $1500 a month.
2/1 rents for $1400 a month.
2/1 rents for $1300 a month.

All units are currently occupied.

The property also has a huge garage. Needs some updating, but has great potential.

Shown by appointment only. Please do not disturb tenants.

Offered at $1,400,000





January 30, 2017

Beautifully Remodeled Unit at Ocean Pointe Condos in the Florida Keys


This beautifully renovated 2/2 condo features an expanded kitchen with all wood cabinetry, granite counter-tops and stainless steel appliances. The master suite has a king sized bed, large dresser and high definition TV. The master bath has an enlarged walk-in shower, makeup counter and all wood vanity with granite tops.  The guest bedroom has two twin beds and shares the guest bath, which features soaking tub, all wood vanity and granite top. Tile floors and recessed LED lighting are both throughout the whole condo. Tropically furnished and offered totally turn-key.



Property features include on-site property management, a heated Olympic sized swimming pool, private sandy beach, private cocktail lounge, cafe, oceanfront marina with boat ramp and dockage, lighted tennis courts and oceanfront gazebo, boat & trailer storage and more - all situated on 69 lush tropical acres.

Ocean Pointe provides excellent vacation rental income for owners when they are not using their units.  This unit is offered at $425,000.

Note: Owner is a licensed Florida Realtor
January 25, 2017

Just Reduced: 107 Ocean Shores Drive, Key Largo, Florida


The sellers of this beautiful home have just reduced the price to $819,000.

This four bedroom, 3 bath home is on a clear canal with direct ocean access.  The home consist of 3/2 upstairs with a separate 1/1 downstairs - which is permitted, legal and above flood.  The concrete seawall provides ample dockage and has a set of davits and fish cleaning station.

The whole property is fenced and gated for security.  Covered parking and ample room for a pool round out the amenities.

Located in Key Largo Ocean Shores, the home is just  minutes away from shopping, restaurants and virtually everything the Upper Keys have to offer. It's move-in ready and waiting for a new owner to call it home.

Call today for an appointment to preview this lovely Florida Keys home.


October 04, 2016

Calling Investors - Oceanfront vacation rental priced below market


Not yet listed on the market, this 2 bedroom 2 bath condo will be priced below market value for a quick sale.  The sale is part of a bankruptcy filing, and the asset manager is looking for a quick sale.

The unit is in good overall condition and has all appliances and is also offered fully furnished. There are open water views from the main living areas and from the master bedroom. An on-site management team can handle vacation rentals that will generate vacation rental income for you when you are not using the condo yourself.

Property features include on-site property management, a heated Olympic sized swimming pool, private sandy beach, private cocktail lounge, cafe, oceanfront marina with boat ramp and dockage, lighted tennis courts and oceanfront gazebo, boat & trailer storage and more - all situated on 69 lush tropical acres.

Once it is on the market, it is expected that this will sell very quickly. Call or email today to arrange a private showing.

List price will be $279,900





September 20, 2016

Just Reduced! A408 at Moon Bay in Key Largo


A408 at Moon Bay
Just Reduced to $430,000!

This Moon Bay condo has it all – deeded boat slip, covered parking and a solid rental income history! Offered totally turn-key, including well established, dedicated website with bookings already in place, you’ll be earning income as soon as you purchase. 

Split bedroom floor plan with a beautifully remodeled kitchen. Endless ocean views from the living room, kithcen and master bedroom, as well as the screened lanai off the living room.  Resort-like amenities include gated entry, pool, clubhouse, tennis, marina & more!

Bookings are already in place for the winter 2017 season, so you will have income right away after closing.

Learn more at www.MoonBayKeyLargo.com




February 01, 2016

Property Owners and Vacationers Beware!



It started out as a regular new listing - with a long term tenant in place.  Sometimes the tenant would let me show the property, and sometimes he would not. Nothing unusual about that when working with a tenant that may not want his or her rental to be sold. There were always reasons why we couldn't show the property - too sick, too tired, have company in town, etc. for not allowing a showing.

The showings I was allowed to have went very well.  The home was always extremely well-kept and there was never any signs that anyone actually lived in the house.  No clothes in the closets, no food in the kitchen. Just a spotless, clean home. Odd, I thought.

Then the phone call came.

It was from a man named James, who had just paid for a vacation rental here in the Florida Keys.
He would be staying here the first week of March.  He was given the property address by the person that was claiming to be the property manager for the owner, and he decided to Google it to find out more about the home.  That's when he found that it was for sale and found my name and phone number. He called to ask a few questions about his upcoming stay.

I was confused. I knew the home was not a vacation rental since it had a long term tenant in place. I called the owner to ask if their long term tenant had moved out and if they were now doing vacation rentals in the home.  They didn't know what I was talking about. They said their tenant was still leasing the property and that the home did not allow for any short term rentals, per Monroe County code (which is correct - no rentals any shorter than 28 days are allowed in this home)

And yet, James told us he had found the home on VRBO, made an inquiry, booked and paid for his stay in March.  I went looking on VRBO and I also found the ad, advertising the home for vacation rentals as short as one day!

So I called the tenant and asked him who James was. He claimed that James was "a buddy" of his that would be house-sitting for a week in March.  I called and asked James if he really was a friend of the tenant and he responded with a no.

That's when it dawned on me - The long term tenant was indeed renting long-term from the owner and paying his rent each month.  However, unbeknownst  to the owner, he was operating the home as a vacation rental on VRBO as well as a few other sites.  He was making well more than double of what his monthly lease amount was!  None of this was ever disclosed to the owner of the property.

That's when it all started to add up. The spotless home, the lack of personal items, the lock box he had on the door - all signs that no one lived in the house full-time. The showings that were denied were probably denied because there was an active vacation rental at the home, so no showings.

When confronted, the tenant hemmed and hawed, but finally confessed that he was using the property for illegal vacation rentals - against county code that prohibits them.  The eviction process was swift and no more rentals will be allowed in the home. The owners are looking for another long-term tenant.

Despite this, the property is still being advertised on VRBO.  According to the calendar posted online, there are several vacation rentals coming up. I don't know if those vacationers have been contacted or not. James, the first vacationer who called about his upcoming vacation, has asked for a refund but has not yet received one. The so called tenant also has other properties in the Keys he advertises  as vacation renters.  I'm not positive, but I would be willing to bet those owners don't know what is being conducted at their homes.

When it comes to leasing your home, you can't be too careful.  When in doubt, leave it to a professional who will be sure that the rental is conducted properly. Yes, you may have to pay a fee for them to find you a tenant, but it is well worth it.

As always, use caution when booking a home for a vacation rental for your vacations. VRBO and AirBnB, among others, are quite popular sites for vacation rentals and both do have legitimate vacation rentals for rent. Still, do your homework and ask questions.  A little effort can save you from being the victim of a scam.


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Tracy Larson, Realtor in the Florida Keys / 305-522-3812
Thank you for visiting Florida Keys Market Update for information about the Florida Keys real estate market. Licensed since 1993 and a Keys local since 1987, I want to be your Realtor here in our island paradise. Note: Information for listings featured on this blog is gathered from our local MLS; not all properties are my listings.
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