Listing Activity for the week of January 23 to January 30, 2011

Things have been starting to pick up in the real estate market. This has been a busy past week.  Click on any of the links below to see what's become available, what's gone under contract and what has sold.

33 New Listings

24 Pending Listings

15 Closed Listings

If you want detailed information about any of these listings or want to know how your home compares, don't hesitate to call or email me.

Oceanfront Condo in the Heart of the Upper Keys with Fantastic Rental History

In the heart of the Upper Keys, the gated, 60-acre Ocean Pointe grounds offer a home-away-from-home in a natural island paradise.

No resort in the Florida Keys is complete without a marina, and Ocean Pointe is no exception. The Ocean Pointe Marina can accommodate crafts up to to 26 feet. There is also a boat ramp and boat trailer parking.

While you're not out fishing or diving, you can lounge by the Olympic sized swimming pool complete with lap lanes, and a deck furnished with lounge chairs, providing swimming, sunbathing, and soaking opportunities; a poolside spa tub is available.

For a dip in the Atlantic Ocean, there is the sandy beach cove, framed by a long wooden boardwalk leading to covered gazebo with seating, perfect for taking in the never-ending ocean vistas. The beach has a volleyball net and thatched chickees.

Unit 4410 is a direct oceanfront unit with forever views of the Atlantic Ocean. Elegantly remodeled, this unit features granite countertops with tumbled copper slate walls in the kitchen, with new tile floors and mirrored walls in the living areas. On site amenities include 24 hour manned gate, Olympic sized pool, clubhouse, tennis courts, boat ramp, marina & sandy beach. This top floor unit has a fantastic rental history and income. Call today for more information.

Offered for sale at $339,000. 
Visit www.OceanPointeCondos.com for more information about Ocean Pointe and additional photos.

2 Bedroom Pool Home in the Heart of Key Largo

Perfectly priced in Port Largo! Dive into Florida Keys living in this wonderful 2 bedroom, 2 bath pool home in desirable Port Largo. 

 Features include Solid CBS construction, central air & heat, large in-ground swimming pool, screened pool patio enclosure, updated kitchen with pass-through to patio, beautiful yard, two year old roof. The Key Largo Community Park with tennis courts, fitness track, baseball fields and more is just steps away. Optional membership in Port Largo Homeowners Association gives you a private park with sandy beach, private boat ramp and picnic areas directly on the Atlantic Ocean.

The former garage has been enclosed and currently serves as storage but can be used to expand the living room and/or the kitchen, or could be used as a third bedroom.  Not a short sale! Easy to show.

Offered at just $289,000 

 

Please visit www.PortLargoPoolHome.com for additional information and more photos.

The Best of the Best - Top five residential sales in the Upper Florida Keys

Ocean front estates . . . private beaches . . . luxurious pools . . . these are just some of the features of the top five single family residences sold in the Upper Florida Keys during 2010. Listing information reported from the Florida Keys Multiple Listing Service.

89301 Old Road, Tavernier  -  $5,800,000

7 bedrooms, 5.5 baths   -  June 2010

The perfect setting for an idyllic island lifestyle in the Florida Keys. This  home is located on approximately 4 acres of privacy with 200 feet on the Atlantic Ocean. Featured home in Florida Architectural Digest, Florida Classic Home and cover home in DuPont Registry, this home offers a South Sea Island ambiance.

 

89375 Old Road, Islamorada  -  $3,899,000

5 bedrooms, 4.5 baths  -  December 2010

The main house is 4BD/3.5BA and the guest house is 1BD/1BA. There's also an orchid house, lush mature landscaping, a winding drive lined with Banyan trees, sauna, a wine cellar, and relaxing porches with open ocean views!

  

81223 Old Road, Islamorada  -  $3,400,000

3 bedrooms, 2 baths  -   May 2010

Your level of privacy and tranquility awaits you, uninterrupted views, walks down a 200' sandy beach, crystal clear water, relaxing oceanfront pool, surrounded by pristine nature of the true Keys. 

83283 Old Road, Islamorada  -  $2,800,000

6 bedrooms, 4.5 baths  -  December 2010

Oceanfront home with beautiful sandy beach on 1.5 acres in Islamorada. The 3 bedroom, 3.5 bath main house has gorgeous dark Brazilian Cherry wood floors throughout and, with its high Florida Cypress ceilings, it has a definite West Indies feeling.

14 North Drive, Key Largo  -  $2,650,000

5 bedrooms, 3.5 baths  -  April 2010

Located on two open water lots with two docks and two beaches, this stunning new five bedroom home has it all. No detail has been overlooked. From the kitchen of your dreams to the sumptuous master bath, you will be surrounded by tropical luxury.

Closed Sales - What is the percentage of listing price to sales price?

When buyers are looking at property, they often ask their Realtor what they think the seller will take for the home. They want to know how much the seller will come down from their listing price.  While it is true that some properties sell for full listing price, many do not.

But how big is the difference between asking price and selling price?  According to MLS statistics, not that much.  A quick look at the sales for the last six months in the Upper Florida Keys shows that it is an average of 91.75 percent.  Click on the chart below for a larger image with break-downs of the different property categories.

The properties in this report are located in the areas of Key Largo, Tavernier and Islamorada.

To find out more information about any of the recent sales, please contact me at 305-522-3812 or via email.

Year End Review - Florida Keys real estate sales, 2010 compared to 2009

Now that we've got the holidays and festivities behind us, let's take a look at how 2010 compares to 2009. 

I've been tracking market stats all the way back to 2003. It's interesting to look back and see how the market climbed before the inevitable decline. 2004 and 2005 were the glory days in Florida Keys real estate!

In 2010 we continued to see declines in the various market categories, but the decline was not nearly as dramatic as years past, giving hope that perhaps the market is stabilizing.  

Clicking on the chart will provide a larger view of the numbers. Areas include Key Largo, Tavernier, and Islamorada

The question everyone is asking - have we hit bottom - remains unanswered as long as we continue to see decreases, but the lower percentages are a good indication that we might see the bottom soon.

Rates are still low and inventory is plentiful, making this a great time to invest in the Florida Keys. Unlike other investments, a home in the Florida Keys is something you can use and enjoy as the market continues to improve.

If you'd like more information on any particular segment of the market, please do not hesitate to contact me.