March 31, 2011

Ten Waterfront Homes in the Florida Keys - All Priced Under $500,000


Great water views are yours for just $440,000
When you think of Florida Keys real estate, most people think of living on the water.  For awhile, it was fairly expensive to purchase a home on the water. 

Not so in today's real estate market.  

Here is a link to 10 single family homes, ranging from just $299,000 to $463,000, all on the water, including one home in Key Largo on open water listed for just $440,000.

For more information about any of these properties, email or call me, Tracy Larson, your real estate professional in the Florida Keys.

Click here to view the properties


March 28, 2011

Florida Keys Listing Activity - March 21st to March 27th, 2011 - Key Largo, Tavernier, Islamorada


New listing offered at $275,000
The Second Annual Statewide Open House event in the Florida Keys rounded out the past week, with many agents reporting increased numbers in people looking at open house over the turnout experienced last year.  The change in the market is more apparent, with more buyers and more offers being made.

This past week there were 36 new listings added to the market, 36 listings reported as under contract and 8 closed sales.

Bayfront estate - pending, offered at $2,950,000
Of the new listings, 2 Atlantic Drive is a cute, affordable home in a great Key Largo neighborhood for $275,000. It started receiving offers within the first few days of being on the market, and will be under contract very soon.  

Pending listings included a stunning bayfront home in a very secluded tropical setting. With the living space at over 4,000 square feet, this magnificent estate was offered at $2,950,000. 

Sold in Venetian Shores for $725,000
And finally, closed sales included a beautiful canalfront home in desirable Venetian Shores in Islamorada. The home featured a one bedroom, one bath guest quarters downstairs with three bedrooms and one bath upstairs. It sold for $725,000

Click the links below to view the listings

New Listings
Pending Listings
Sold Listings

Links will expire after April 27th, 2011
March 24, 2011

Water shortgae prompts new rules - effective Saturday, March 26th, 2011


The South Florida Water Management District has declared a water shortage and imposed new water restrictions in the 16-county area effective this Saturday.

In Monroe County, golf courses must cut irrigation by 15 percent and residential lawn-watering has been reduced from three days to two.

Watering is prohibited from 10 a.m. to 4 p.m. every day, but allowed otherwise on Thursdays and Sundays for even addresses and on Wednesdays and Saturdays for odd addresses.

For more detailed information, go to www.sfwmd.gov.



March 22, 2011

Florida Realtors Statewide Open House Event




To showcase homeownership opportunities across the state, Florida Realtors is sponsoring its second annual Florida Open House Weekend, March 26-27. Realtors will host open houses on behalf of home sellers in neighborhoods from the Panhandle to the Keys, giving buyers a chance to tour dozens of homes in a single weekend.

My partner and I will be holding our listings at Ocean Pointe Condominiums open on Saturday the 26th.  These units make great investments with solid, established rental income history.  Ocean Pointe is located at 500 Burton Drive in Tavernier, Florida Keys.

Click the links below to see a list of the properties available in the Upper Keys to be seen.

Open Houses for Saturday, March 26th, 2011

Open Houses for Sunday, March 27th, 2011

(Note that some Saturday listings appear on the link to Sunday's scheduled open houses. This indicates that the house is being held open on both Saturday and Sunday, with Saturday being the next scheduled open house.)
March 21, 2011

Florida Keys Listing Activity - March 14 th to March 20th, 2011 - Key Largo, Tavernier, Islamorada


Spring has sprung and the Florida Keys are bursting with activity.  This past week, the market saw 25 new listings come on the makret (with some of them being duplicate listings), 21 properties go under contract and 15 properties sold and closed.

183 N. Coconut Palm. Blvd. Listed for $345,500
Among the new listings there is a  newly remodeled home with 4 large bedrooms, 2 new baths, large laundry room, brand new kitchen, fenced in yard with room for a pool. Right around the corner from bayfront homeowners park with boat ramp! This great home is located in popular Plantation Key Colony and is listed for $345,500. 

HGTV Dream Home 2008 - now under contract
Notable pending listings include the property that was the recent HGTV Dream Home in Islamorada.  It is in the market for the second time since the HGTV giveaway.  The first time it sold for $1,650,000 in April of 2009.  It has been listed for a period of time now, with the original list price  of $1,675,000.  It was reduced to just $995,000 and is now under contract. The sales price is not available until after the property has closed.

Closed sales include the sale of a private island with a 3 bedroom 3.5 bath home. Located off Summerland Key, this island also includes a lot on Summerland with concrete dock and a boat to go back and forth between the off-island and the on-shore lot. It also features a 35kW generator in sound-proof shed, 850-gal/day desalinization, new electric, new landscaping & high-end finishes. It has sold for $2,300,000.


Private Florida Keys Island. Sold for $2,300,000

Click the links below to view the listings. (links will expire after 4/30/2011).



New Listings
Pending Listings
Sold Listings

March 14, 2011

Florida Keys Listing Activity - March 7 th to March 14th, 2011 - Key Largo, Tavernier, Islamorada

New listing for $2,480,000
There was a flurry of new listings coming on the market this past week, with 38 new listings being added to the Florida Keys MLS.  21 properties went under contract during the same time period, and 10 properties were closed sales.

One of the new listings is a 4,000+ square foot home with 3 bedrooms and 4 baths overlooking Sandy Cove. The property includes and outdoor entertaining area, large swimming pool and covered boat house. It is offered at $2,480,000.

Just sold for $525,000
Recent sales include a charming canalfront home in Plantation Key Colony. This 3 bedroom, 3 bath home sold for $525,000.  

Click the links below to view the properties in the Florida Keys. (links will expire after 4/13/2011)



Thinking about buying or selling? The market activity is strong and the time to move is now!  Call me today to make it happen!
March 07, 2011

Florida Keys Listing Activity - February 28th to March 6th, 2011 - Key Largo, Tavernier, Islamorada

155 Indian Mound Trail - sold for $1,500,000
The first week of March has been comparable to the activity we've seen all during February.  There were 31 new listings, 17 pending listings and 16 closed sales.  Notable sales included a beautiful bayfront home in Islamorada that sold for $1,500,000. There were also several waterfront homes listed for sale, including a beautiful bayfront home at 432 South Coconut Palm Boulevard, listed for $3,100,000 in a great neighborhood in Islamorada.

Rates are still competitive and inventory is plentiful, but homes priced accurately are selling quickly. Now is a great time to invest in property in the Florida Keys.

432 South Coconut Palm Blvd. - offered at $3,100,000
    Click the links below to see the listings

31 New Listings
17 Pending Listings
16 Closed Sales







March 05, 2011

The Florida Keys Then & Now: Key Largo

MM 99/100, Key Largo approximately 1950's to 1960's
Early Spanish settlers recognized it as the largest of the islands, and named it Cayo de Dose Leguas, or Key of the Twelve Leagues.  In following years, both the post office and main community was known as Rock Harbor. It remained Rock Harbor until a now famous Hollywood movie with Humphrey Bogart and Lauren Bacall came to town, giving birth to the name Key Largo.  In true entrepreneurial fashion, civic leaders took advantage of that fame and renamed the island Key Largo.

MM 99/100, Key Largo 2011, from Google Earth
For most of it's history, Key Largo, the gateway to the Florida Keys, has been regarded as a sleepy little Florida town. The same cannot be said for the Key Largo we know now.

The Key Largo of today is considerably different. Lush waterfront estates and a full palette of local restaurants specializing in true Florida Keys cuisine are now plentiful. A wide variety of water-oriented activities are readily available, from fishing and diving to kite boarding and nature walks. Despite it's growth, Key Largo still retains much of the old Florida charm that has attracted visitors for many years.



Follow the links below to view single family homes for sale in Key Largo.

Click Here for Waterfront Homes in Key Largo

Click Here for Non-Waterfront Homes in Key Largo



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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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