December 31, 2015

Top 5 Luxury Single Family Homes Sold in 2015



It's no secret that the Florida Keys are home to some of the most luxurious private homes.  Here's a peek at the top five sales in 2015.

Listing courtesy of RE/Max All Keys Real Estate
165 15th Circle, Key Colony ~ Sold for $3,900,000

Constructed by one of the areas’ most astute builders, quality craftsmanship and exceptional attention to detail make this property a one of a kind. Adjoining direct ocean front lot and garden lot are also included making it one of the largest estates in this community. Key Colony Beach is known for its’ deep water dockage and direct access to the ocean and gulf.


Listing courtesy of Preferred Properties of Key West

620 Eaton Street, Key West ~ Sold for $4,495,000

Built in 1881, this magnificent jewel retains all her grandeur. There are a total of six bedrooms and seven baths. The original carriage houses and servant quarters serve as three guest bedrooms en-suite with private covered living area pool side. The state of the art kitchen is everything a gourmet chef could possibly desire.




Listing courtesy of Engel & Voelkers Florida Keys

26 Sunset Key Drive, Key West ~ Sold for $5,000,000

This stunning home is located on the world-famous private island of Sunset Key. Take in one of the most stunning waterfront views of Key West as you lounge beside your private pool, or spend some time relaxing on one of Sunset Key's 3 beaches. When you're done relaxing and are in the mood for some excitement, Historic Downtown Key West and all that it offers is just a 3 minute ferry ride away.


Listing courtesy of Ocean Sotheby's International Realty

20 Avocado Street, Upper Matecumbe ~ Sold for $5,087,250

The finest of the bay front parcels in the heart of Islamorada! Peaceful, private, gated estate situated on 1.5+ acres with expansive bay views and gorgeous sunsets. Featuring 4 BR/5 BA, office, media room, exercise room, 2 elevators, impact windows and doors, all marble floors, tall ceilings and doors, swimming pool, and a deep water boat basin to accommodate several large boats.



Listing courtesy of Esslinger Wooten Maxwell


80999 Old Highway, Upper Matecumbe ~ Sold for $13,125,000

Ultra secluded waterfront estate on 6.5 acres with expansive dockage, private boat basin, ramp, lifts and davits. Principal house with 4BR/5.5BA and separate 2/2 guest house. Multiple indoor/outdoor entertaining areas and true chef’s kitchen with Carrara marble countertops.  Lush tropical gardens designed by Raymond Jungles with oversized pool and spa.




To see more photos and learn more about these magnificent properties, follow this link.



December 30, 2015

107 Ocean Shores Drive - Key Largo




Island living is yours to enjoy in the pristine canalfront home in Key Largo.  The main living level features three bedrooms and two full bathrooms.  The master suite has a private bath and two large closets. The easy open floor plan has all tile flooring, convenient upstairs laundry, large kitchen and dining and a covered wrap-around balcony overlooking the canal.

Downstairs, you'll find a spacious guest apartment with private bath, kitchenette and walk-in closet.

Close to some of the best fishing and diving spots in the Upper Keys, this home is ready for your next waterfront adventure. The concrete seawall has a covered fishing cleaning station and provides ample dockage with easy ocean access. 

The property is fully fenced and gated, with large rolling gate opening to the easy maintenance yard and covered parking for your vehicle.


Income Producing Vacation Rental - #2205 at Ocean Pointe


Looking for an investment with a view? This condo at Ocean Pointe just might be the ticket!

Offered at $319,000, this unit is currently the lowest priced two bedroom unit at Ocean Pointe.  It comes fully furnished and ready to be used as either a primary residence or as an income generating vacation rental.

Ocean Pointe is one of the few condos in the Upper Keys where you can rent your unit for less than 28 days.  Most condominiums have a strict policy of minimum rental periods being 28 days or longer.  At Ocean Pointe, you can rent daily, weekly or monthly, allowing you to maximize your rental income.

There is an on-site management company that can take care of all of the rentals for you, or you can manage the property yourself and rent via sites such as VRBO.com (Vacation Rental By Owner).

The complex itself is a resort like setting, with over-sized swimming pool, sandy beach, on-sit cafe and lounge and an oceanfront marina.  To learn more about Ocean Pointe, please visit www.OceanPointeCondos.com





September 01, 2015

Just Listed - Great condo with deeded boat slip at Moon Bay, Key Largo


Just listed and ready for it's new owner!  This 2 bedroom 1.5 bath condo features gorgeous views over Florida Bay.  Offered fully furnished, this unit is ready for you to start enjoying the Florida Keys lifestyle. While you're not using the unit for yourself, you can earn income from vacation rentals.

Located on the top floor, this unit features tile, carpet and hardwood flooring and views from the living area and the master bedroom.  Complex amenities include heated pool, spacious clubhouse, tennis, marina and more.

Dockage is included in the deeded boat slip in the marina. John Pennekamp State Park is just minutes away, with Adams Cut allowing boating in both the Florida Bay and the Atlantic Ocean.

Offered at $393,500.  Call today to arrange for a private showing!






June 12, 2015

Where have all the listings gone?


Ask any local REALTOR®  and you will hear the same thing - "I need listings".

Compared to this time last year, listing inventory is considerably lower.  This is great news if you are a seller, because with fewer homes to choose from, buyers may act quicker on making a purchase, for fear of losing out.  Sales prices also start to get closer to asking price.  In June of 2014, the absorption rate was 11.59 months.  In mid May 2015, it has dropped to just 8.7 months.

Here's how it works:  The Absorption Rate, in Months chart shows how long the current inventory of properties would last at the current rate of sales.

If no new properties were added to the market, and sales continued at a steady pace, the Absorption rate indicates the number of months required to sell all the properties on the market.

Absorption rate is based on two numbers:
  • The number of active listings
  • The average number of listings sold per month for the previous n months.
The number of active listings is a "snapshot" of listings active on a single day (the 15th of the month). The number of months of sold listings, here, is 12.

The formula is Absorption Ratio = A ÷ N
Where A = listings active on the 15th of the month, and
N = the average number of listings sold during each of the previous 12 months.



April 10, 2015

New Listing at Ocean Pointe - #4416



Ocean Pointe Marina
Year round residence or vacation rental investment - you decide! 

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, year round boat & trailer storage and more - all situated on 69 lush tropical acres.

These units provide owners with excellent rental income, making it very appealing to the investor. Use it as your own Keys retreat when it's not being rented. 

#4416
Unit 4416 is an ideal location - an end unit on the top floor of the building closest to the Atlantic Ocean.  This unit has been updated with granite counter-tops in the kitchen, upgraded bathrooms, all tile flooring and is being offered fully furnished.  

Listed for $434,900.  Click here for more information.

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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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