November 28, 2011

MARKET UPDATE - New listings and more - Keyswide from November 14th to November 27th, 2011

Black Friday, Small Business Saturday and Cyber Monday - all busy days, luring consumers into stores and onto websites, looking for holiday deals.

The last two weeks in the Florida Keys has also seen a flurry of activity.  209 new listings have come on the market (many of them multiple listings in the same Marathon marina), 81 properties went under contract and 50 properties have closed.

1605 Duncan - Key West - offered at $299,900
Of the new listings, there is a great 3 bedroom, 2 bath home with a pool and garage in Key West offered at just $299,900. It is bank owned and in good condition.  This is a nice property in a good location that should sell quickly.

1868 No Name Dr., No Name Key - Pending
Pending sales include a unique "dome home" on No Name Key, off Big Pine.  Residents on this island have long lived "off the grid", meaning that there is no electric, water or phone service to the island. Homes here have cisterns, solar power and generators.  This home was listed at $375,000 at the time of contract.

110 Gumbo Limbo Lane - sold for $1,100,000
Sold listings include a bayfront home on Plantation Key  in a very private setting. This 3 bedroom 2.5 bath home is at the end of a long winding gravel road on the bay. There is no docakge at the moment, but dockage can be added. It sold for $1,100,000

To see all of the listings follow the links below:

New Listings
Pending Sales
Closed Sales

Listing information provided by the Florida Keys Board of Realtors MLS. Listing links will automatically expire after December 28, 2011

If you'd like more information on any of the listings, please feel free to call or email. I'm happy to assist you!

November 26, 2011

Just Listed - Oceanfront condo with proven rental history - A great investment property

Ocean views from your living room
This 2 bedroom, 2 bath condo in Ocean Pointe has just undergone a gorgeous remodeling job.  New kitchen with all new stainless steel appliances, new carpeting in the bedrooms and newly painted.  Offered fully furnished, the unit has a proven rental history in the on-site rental program, making this a perfect fit for the investor.  Owners can use the units as often as they wish and have them earn income while they are not here.

New kitchen with stainless steel appliances
On-site amenities include a large swimming pool, sandy beach, marina, boat ramp, cafe and lounge, tennis and more.  24 hour gated front gate provides security and protected access.

This unit is on the third floor of building 4, which is the closest to the Atlantic Ocean.  Endless ocean views are yours to enjoy from your living room or private patio.

This unit is listed at $319,000

For more information about Ocean Pointe, visit

November 17, 2011

Florida Keys Market Update - November 1st to November 13th, 2011

Several new listings came on the market in the first two weeks of November. 192 new listings were added to the inventory of properties available, 61 properties went under contract and 37 properties sold.

A-207 Moon Bay - $235,000
Among the new listings, there is a new listing in Moon Bay in Key Kargo. This 2 bedroom 1.5 bath condo has a good rental history, with amenities including large swimming pool, marina, tennis, boat ramp, clubhouse and more. Offered fully furnished, this unit is turn key and ready to be rented or lived in. It is offered at $235,000.

1020 Dove Road - Under Contract
Pending sales included a very cute and exceptionally clean 3 bedroom, 2 bath home in Key Largo on Dove Road. This home features 2 bedroom and 1 bath upstairs and 1 bedroom, 1 bath apartment downstairs. It was listed at $319,900 at the time of contract.

20 Park Road - sold for $250,000
Sold listings include a 2 bedroom 2 bath home on a large quiet lot in Islamorada.  Originally listed at $399,000, it sold for $250,000 and was marketed as a short sale.

To view the listings follow the links below:

New Listings:
Pending Listings
Sold  Listings

Listing information gathered from the Florida Keys MLS. Listing links will automatically expire after 12/17/2011.

Want to learn more about the real estate market in the Florida Keys? Be sure to subscribe to this blog for regular updates.

November 16, 2011

Just Reduced! Waterfront Home in Islamorada on Protected Harbor

224 Treasure Harbor Drive - $899,000
OPEN HOUSE - Stop by and preview!
Nov. 26, 2011 -  1:00 PM to 4:00 PM

This impeccable home, located in the Village of Islamorada, has been substantially renovated and remodeled to allow for wonderful island living. Founder's Park is within walking distance.

Located on a protected harbor just minutes from the Atlantic Ocean, the home features two bedrooms and two bath upstairs and a separate two bedroom, one bath guest quarters downstairs, complete with its own kitchen. Multi-family zoning allows for the property to be used as either a large single family home or as a legal duplex.

Boating access is easy, with a private community boat ramp.  70 feet of dockage accommodates your boats with a 15,000# boat lift and a pair of davits. The spacious backyard is landscaped with tropical plants and trees and a paver courtyard. Across the front of the property, a gate provides privacy for the home.

The upstairs floor plan features a large open living area with new kitchen. Granite countertops, stainless steel appliances, ample cabinets, small pantry and a wine refrigerator make for easy entertaining. The master suite has a private bath with walk-in shower, granite counter and custom tile. The bedroom overlooks the harbor and opens onto a screened porch that runs the length of the house.  A guest bedroom and  guest bath complete this level.

Downstairs you’ll find a separate apartment with two bedrooms and private bath, perfect for extended families or visiting friends. The zoning of this property makes this space entirely legal, including the second kitchen. 


November 10, 2011

3r Quarter Comparisons - 2010 vs 2011

How did the 3rd quarter this year compare to the 3rd quarter last year? Here's a quick look at the numbers.  You can certainly see where open water homes took the hardest hit in the 3rd quarter of 2010, and I credit the Deepwater Horizon for that dramatic drop. The 2nd quarter of 2010 had 14 closings with an average sales price of $1,705,357 for open water properties. Then the oil spill happened and potential buyers of open water homes put plans to buy on hold until they knew whether or not the Keys would be impacted.  Sales of these properties have recovered since then.

Click on the image to enlarge it.

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