Monday Market Listing Update: A Seasonal Slowdown with Bigger Factors at Play

If you’ve been watching the Florida Keys real estate market, you may have noticed that the pace of new listings has been slowing. Normally, we average somewhere in the 60s for new homes hitting the market each week, but that number has been steadily dropping.

Part of the reason is seasonal. This time of year traditionally brings a lull in activity, and we expect the market to feel a little quieter. But beyond the calendar, there are some larger forces shaping seller behavior both here and nationwide.

Why Fewer Homes Are Hitting the Market

1. Economic Uncertainty
   Many homeowners are hesitant to list because of the perception that the national economy is fragile. Even if the local market is healthy, national headlines can influence confidence.

2. Interest Rates
   With rates still elevated, some owners prefer to hold onto their current mortgages rather than step into a higher-rate loan on their next property.

3. Expired Listings Not Renewing
   Homeowners whose listings have expired are sometimes reluctant to re-list, again tied to the belief that “the market just isn’t strong enough right now.”

What This Means for the Keys

While these trends reflect what’s happening across the country, the Florida Keys market has its own rhythm. Seasonal slowdowns are normal here, and while inventory growth may feel sluggish, demand for homes in our island communities remains steady. Buyers are still looking for the right opportunities, especially those drawn by our unique lifestyle and ocean access.

The Bottom Line

Yes, new listings are down — but it’s not just a “slow market.” It’s a mix of seasonality, perception, and interest rates all playing together. If you’re a buyer, this means less new inventory to choose from, but also a chance to move quickly when the right property comes along. If you’re a seller, it means your home may face less competition on the market, which can work in your favor.

📊 Last week, 29 new listings came on the market here in the Florida Keys. You can take a closer look at them here: View the New Listings.

Market Update Monday – Labor Day Edition

Happy Labor Day, friends! Even though today is a holiday, I’m here with your weekly Florida Keys market update because I know real estate never takes a day off—and neither do I when it comes to keeping you informed.

Last week, we had 50 new listings hit the market here in the Keys. That’s a strong number for this time of year! Many of these homes feature something near and dear to island living—pools. When you live in the Florida Keys, your backyard often becomes an extension of your living room. Whether it’s cooling off on a warm afternoon, entertaining friends, or simply enjoying a quiet evening dip, a pool is more than a luxury—it’s a way of life down here.

If you’re curious about what’s new—whether you’re buying, selling, or just keeping an eye on the market—I’d be happy to share details on the latest listings.

Enjoy your holiday, and remember: if your dream home has a pool and ocean breezes, chances are it just came on the market!

Click here to see the new listings

– Tracy 🌺

First Class Friday: Luxury Condo Living in the Florida Keys

When you think of luxury in the Florida Keys, single-family waterfront estates often come to mind. But this week, we’re shining the spotlight on condominiums and townhomes starting at $1,000,000 and up—where convenience meets coastal elegance.

Why Condos? Why Now?

It’s true that condos in South Florida have been getting some negative press lately. But here in the Keys, many communities are standing strong. Well-maintained associations, proper reserves, and careful management keep these properties secure and desirable. Buyers can feel confident that these aren’t just homes—they’re safe, viable investments.

Built-In Lifestyle

Owning a condo in the Keys isn’t just about a place to live; it’s about a way of life. Imagine:

• No lawn to mow, no pool to maintain.

• Step outside your door to find a marina, a pool deck, or the turquoise ocean waiting.

• Fitness centers, tennis courts, and private beaches often come as part of the package.

For many buyers, this low-maintenance lifestyle is exactly what makes a condo or townhome worth the premium price tag.

Vacation Rental Potential

One of the biggest draws? Income potential. Many of these luxury condos are already operating as vacation rentals. That means a buyer can close on a unit and immediately have bookings lined up, with rental income offsetting ownership costs from day one. In a destination as sought-after as the Keys, demand for short-term rentals is consistently strong.

Who Buys Luxury Condos?

We’re seeing interest from three groups of buyers:

1. Second-home owners who want a lock-and-leave property.

2. Investors seeking rental income with appreciation potential.

3. Full-time residents who want waterfront living without the upkeep of a single-family home.

Final Thought

Luxury condo living in the Florida Keys offers the best of both worlds: a tropical lifestyle paired with investment opportunity. Whether you’re drawn to the idea of morning coffee on your private balcony, renting your unit when you’re away, or simply wanting a stress-free waterfront home, the market has options ready for you.

First Class Friday is all about showing you what’s possible in Keys real estate—and these luxury condos prove that paradise can come in many forms.

Click here to find your Florida Key Retreat!

 

Community Spotlight: Sea Gulls Condos in Tavernier, Florida Keys

Looking for that perfect slice of paradise in the Upper Keys? Welcome to Sea Gulls Condos—a beachfront community where island charm meets modern comfort.

Located in the heart of Tavernier, Sea Gulls puts you right where you want to be. Just minutes from shopping, dining, live music, and some of the best fishing and boating in the Florida Keys, this is more than a home. It's a lifestyle.

Resort-Style Amenities, Everyday Living

Start your morning with a paddleboard launch right from the beach. Afterward, cool off in the heated pool or relax under the tiki hut with a good book and Keys breeze. Prefer a workout? The state-of-the-art fitness center and yoga studio are just steps away.

Hosting guests? The recently renovated clubhouse offers a full kitchen, entertainment space, and everything you need to gather in style. Outdoor BBQ grills make weekend cookouts a breeze.

Security and Comfort, Upgraded

Sea Gulls doesn’t just look good—it’s built to make life easy. Enjoy peace of mind with upgraded electric security gates, a code-controlled lobby, and a new whole-complex generator that keeps things running even when the weather doesn’t cooperate.

Options for Every Buyer

Whether you're searching for a full-time residence, a vacation escape, or a smart investment property, Sea Gulls has you covered. The community's waterfront access and central location make it a top pick for enjoying the Keys—or generating solid rental income.

Love where you live—or vacation.
Sea Gulls in Tavernier gives you the best of both. Want to take a tour or learn more about available units? I’d love to show you around.

 

42 New Listings Just Hit the Market in the Florida Keys—Here’s What You Should Know

Thinking of buying in the Florida Keys? You're not alone—and this past week proves it.  42 new listings came on the market, giving home shoppers plenty of fresh options from Key Largo to Key West.

Whether you’re searching for a cozy canal-front cottage, a modern condo with views, or a spacious oceanfront estate, there’s something for everyone right now. It’s a great time to explore what’s new, especially if you've been waiting for the perfect place to pop up.

💡 Quick Market Snapshot:
This week’s listings range in price from the low $400s to several million, with styles that run the gamut—Old Florida charmers, sleek remodels, and turn-key investment properties. There's also a nice mix of single-family homes, condos, and townhomes.

Spotlight Listing: Modern, Move-in Ready, and Oceanfront Perks

One of our favorite new listings this week is in the gated community of Plantation by the Sea, located right in the heart of Islamorada.

This beautifully remodeled 2-bedroom, 2-bathroom condo is all about comfort and style. The gourmet kitchen is a standout, with granite countertops, stainless steel appliances, and an open layout perfect for entertaining. The unit also features travertine floors, crown molding, a tankless water heater, and newer A/C—nice upgrades that make a difference.

But the best part? The amenities. You’ll enjoy assigned covered parking, a private storage unit, and access to a heated oceanfront pool, fitness center, clubhouse, sauna, and even a dock/fishing pier with stunning Atlantic views. It’s low-maintenance living with high-end touches—ideal for full-time residents or as a vacation retreat.

You're also just minutes from 5-star dining, shopping, and everything Islamorada has to offer. This one’s easy to fall in love with.

Final Thoughts

The market is moving—and fresh listings like these don’t always last. If you’ve been thinking about making your move in the Keys, now’s a smart time to explore your options.

Want to tour one of the new listings or get a list tailored to your needs? I’m happy to help! Click here to see the new listings.

Discovering Hidden Gems: Purchasing a Home in the Florida Keys for Under $500,000

When many people think of the Florida Keys, images of luxury waterfront estates and million-dollar views often come to mind. While it’s true that the Keys are home to some of the most coveted real estate in the country, there’s a common misconception that owning property here under $500,000 is out of reach. However, with the right approach, it’s entirely possible to find your slice of paradise within this budget.

Why the Florida Keys?

Living in the Keys offers an unparalleled lifestyle. From breathtaking sunsets and world-class fishing to a strong sense of community and year-round warm weather, the allure is undeniable. But beyond the dream-like appeal, the area also boasts excellent schools, convenient shopping, and a range of outdoor activities.

Opportunities Under $500,000

While the high-end real estate market often dominates the headlines, there are hidden gems available in the Florida Keys for buyers with a budget of $500,000 or less. Here’s how:

1. Exploring Off-Water Properties
   While waterfront homes may command premium prices, inland properties and those located on canals or off the beaten path can be surprisingly affordable. These homes still offer the charm and proximity to the ocean without the waterfront premium.
2. Condos and Townhomes
   The Keys have a variety of condo and townhouse communities that provide an affordable entry point. Many offer amenities like pools, marinas, and maintenance-free living, making them an excellent choice for first-time buyers or those seeking a vacation home.
3. Fixer-Uppers
   If you’re open to a little elbow grease, a fixer-upper could be the way to go. Renovating a home allows you to customize it to your tastes while potentially building equity.
4. Key Largo and Beyond
   While Key West often garners the most attention, areas like Key Largo, Marathon, and Big Pine Key offer more budget-friendly options. These communities provide a quieter pace of life while still delivering that coveted Keys lifestyle.

Insider Tips for Finding Affordable Homes

• Work with a Local Expert: A real estate professional who knows the Keys can help you identify opportunities that align with your budget and goals.
• Stay Open-Minded: Expanding your search criteria, such as considering smaller homes, older properties, or different neighborhoods, can reveal unexpected options.
• Act Quickly: Properties in this price range are often in high demand. Being pre-approved for a mortgage and ready to make an offer can give you a competitive edge.
• Leverage Local Knowledge: Targeted mailing lists and local market connections can uncover off-market properties or those about to be listed.

A Dream Worth Pursuing

Buying a home in the Florida Keys for under $500,000 might require creativity and flexibility, but it’s far from impossible. With a little patience and the right guidance, you can find your dream home and start living the island life you’ve always wanted.

Whether you’re seeking a full-time residence, a vacation getaway, or an investment property, there’s something magical about calling the Keys home—and that magic is accessible to more people than you might think.

If you’re ready to start exploring the possibilities, reach out today to discuss your goals. Let’s find your piece of paradise together! Click here to see a list of properties under $500,000 in the Florida Keys.

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Exciting Market Update: 50 New Listings in the Florida Keys This Week!

The Florida Keys real estate market remains strong, continuing to offer incredible opportunities for buyers and investors alike. However, there was a slight dip in the number of new listings last week, with 50 properties hitting the market. This modest decrease highlights the importance of acting quickly when a property catches your eye, as demand in the Keys remains high and well-priced homes tend to move fast.

Highlights of the Week

Among these new listings, two standout properties at Ocean Harbour in Islamorada deserve special mention. Ocean Harbour, known for its exclusive amenities and stunning oceanfront views, is one of the most desirable communities in the Keys.

These properties epitomize the Keys lifestyle, blending comfort, luxury, and access to Islamorada’s vibrant culture and natural beauty.

Why Act Now?

Inventory in the Keys is always dynamic, and properties like these at Ocean Harbour are sure to attract attention. Whether you’re seeking a permanent home, a vacation getaway, or an investment opportunity, now is the time to explore your options.

Explore the Full List of New Listings

With 50 new properties available, there’s something for every taste and budget. From homes near Tavernier Creek offering seamless ocean access to charming cottages close to local shopping and schools, the possibilities are endless.

If you’re curious about these new opportunities or would like a private showing, let’s connect. As a long-time resident and experienced real estate professional in the Florida Keys, I’m here to help you navigate the market and find your dream home.

Click Here to learn more about these listings or to receive a personalized property tour.

The Market is Heating Up: 86 New Listings Signal a Busy Selling Season Ahead

As the Florida Keys gear up for our prime selling season, the real estate market is showing promising signs of increased activity. With 86 new listings hitting the market, it’s clear that both buyers and sellers are gearing up for an exciting season in paradise.

A Surge in New Listings

The influx of these new listings is not just a random uptick; it’s a strong indicator that confidence is building among sellers to put their homes on the market. This could be due to the anticipation of more buyers arriving as the cooler months drive people south to escape the winter chill. For buyers, it means a wider variety of options across various price points and neighborhoods, from waterfront properties to charming inland retreats.

Why Now is the Time

Historically, the months leading up to and during the high season see increased interest in real estate across the Keys. The unique charm of our islands, combined with the incredible lifestyle and investment opportunities, attracts a wave of buyers eager to make the Keys their home or vacation haven.

For sellers, this is an ideal moment to list. With heightened buyer interest and inventory starting to climb, marketing your home now positions you ahead of the competition.

What This Means for You

• For Buyers: With 86 new listings, there’s more variety to explore, whether you’re searching for your dream home, a rental investment, or a vacation escape. Start your search early to have your pick of the best options before the peak rush begins.
• For Sellers: This surge in listings signals a competitive market, so it’s critical to showcase your property in the best light. Professional marketing, competitive pricing, and a strong online presence are more important than ever.

Let’s Navigate This Market Together

As someone who’s called the Florida Keys home since 1987 and has over 30 years of real estate experience from Key Largo to Key West, I understand the nuances of this market. Whether you’re buying or selling, I’ll guide you through every step to ensure you achieve your goals this season.

Don’t miss out on this vibrant time in our market. If you’re considering buying or selling, now is the perfect time to act. Let’s make the most of this exciting season together!

Ready to get started?
Contact me today to discuss your real estate goals and create a strategy tailored to your needs.  Click here to see the newest listings in the Florida Keys. 

Exploring Indian Harbor and Indian Waterways: A Hidden Gem in the Florida Keys

Indian Harbor and Indian Waterways are two of the best-kept secrets in the Florida Keys, offering the perfect blend of waterfront living, community charm, and access to all the Keys have to offer. Located in the Upper Keys, primarily within the Tavernier area, these neighborhoods are loved by residents for their natural beauty, relaxed lifestyle, and exceptional location. Whether you’re looking for a vacation home or a permanent residence, here’s everything you need to know about life in Indian Harbor and Indian Waterways.

1. Prime Location with Ocean Access

One of the biggest draws of Indian Harbor and Indian Waterways is the proximity to Tavernier Creek, offering residents direct access to both the Atlantic Ocean and Florida Bay. This convenient location is ideal for avid boaters and water enthusiasts, as you can easily explore ocean waters for fishing and diving or head to the calmer bay for kayaking and paddleboarding. This kind of dual-access is relatively rare in the Keys, making these neighborhoods highly desirable for those who love life on the water.

2. A Tranquil Lifestyle in the Heart of the Keys

While the Florida Keys can be bustling with tourists, Indian Harbor and Indian Waterways retain a peaceful, residential feel. Streets are lined with lush landscaping, coconut palms, and tropical flowers, providing a quiet, laid-back environment. The neighborhoods are friendly and welcoming, making them ideal for families, retirees, or anyone looking to escape the hustle and bustle of daily life. And, with nearby schools and essential amenities just a short drive away, it’s a perfect blend of peace and convenience.

3. Variety of Waterfront and Non-Waterfront Homes

Indian Harbor and Indian Waterways feature a mix of waterfront and non-waterfront homes, catering to a variety of budgets and lifestyle preferences. Waterfront properties here often come with private docks, providing direct access to the canal and nearby ocean or bay waters. Homes range from cozy cottages to larger, more luxurious residences, many of which have been remodeled or upgraded to embrace the relaxed coastal lifestyle.

For those who want to be near the water but prefer a more affordable option, non-waterfront homes in these neighborhoods still provide close proximity to the canals and marinas, offering easy access to boat launches and community docks.

4. Community Amenities and Attractions Nearby

Living in Indian Harbor and Indian Waterways means you’re never far from fantastic amenities and attractions in the Upper Keys. From marinas and tackle shops to cafes, restaurants, and local art galleries, Tavernier offers a vibrant community with plenty to see and do. Residents also enjoy proximity to the nearby Harry Harris Park, which has a beach, picnic areas, playgrounds, and a boat ramp, making it a favorite spot for locals to relax and unwind.

For daily conveniences, shopping centers, grocery stores, and medical facilities are all within easy reach, ensuring that residents have everything they need close to home. And for those with children, the neighborhoods are conveniently located near top-rated schools in the area.

5. Perfect for Outdoor and Nature Enthusiasts

If you love outdoor activities, Indian Harbor and Indian Waterways will not disappoint. The neighborhoods are ideal for boating, fishing, snorkeling, diving, and other water sports thanks to their proximity to pristine waters and coral reefs. Plus, with Florida Keys Wildlife and Environmental Area nearby, residents can enjoy nature trails, birdwatching, and scenic walks through protected landscapes.

The area’s rich marine life, including manatees, dolphins, and a variety of tropical fish, adds to the charm of living here. With access to the Everglades and a wide array of natural parks and marine sanctuaries, you’ll find endless opportunities for exploration and adventure.

6. A Close-Knit Community

Indian Harbor and Indian Waterways offer more than just beautiful scenery and outdoor activities—they’re also known for their close-knit, friendly community vibe. Neighbors here often know each other by name, and local events, seasonal celebrations, and volunteer activities are a big part of the community’s fabric. This spirit of camaraderie makes it a welcoming place to call home, whether you’re a longtime resident or a newcomer to the Keys.

Final Thoughts

Indian Harbor and Indian Waterways in the Florida Keys provide a unique opportunity to enjoy waterfront living, serene landscapes, and a vibrant, supportive community. With quick access to the ocean and bay, a laid-back vibe, and all the amenities you need close by, these neighborhoods are ideal for anyone seeking a slice of paradise. Whether you’re a boating enthusiast, nature lover, or simply looking for a peaceful yet connected place to live, Indian Harbor and Indian Waterways might just be the perfect spot for your new home.

Click here to see what’s on the market in Indian Harbor & Indian Waterways

Market Update - Listing from October 21st to October 27th

Last week brought an exciting wave of 57 new listings to the market, offering a wide array of properties designed to meet every buyer's unique preferences and budget. From cozy, budget-friendly condos equipped with essential amenities to expansive, luxurious waterfront estates showcasing breathtaking views and high-end features, this latest selection truly has it all. Whether you're dreaming of a low-maintenance condo lifestyle, seeking the charm of a family home, or envisioning life in a grand waterfront estate, there’s something fresh and appealing awaiting you in the local real estate market. Now’s the perfect time to explore and find your ideal property!

Click here to view the listings 

Featured Listing – Coconut Drive, Key Largo, Florida Keys

This charming 2-bedroom, 2-bathroom stilt home offers both practicality and style. The ground floor features a carport and ample storage, while upstairs, recent upgrades ensure modern comfort. Notable improvements include a new metal roof, a new A/C unit installed in June 2019, impact windows added in September 2020, and a new water heater in 2024. The low-maintenance artificial turf, installed in January 2021, keeps the exterior looking pristine year-round.

One of the standout features is the private master bedroom balcony, perfect for quiet mornings or relaxing evenings. The home also boasts an additional awning over the enclosed front porch, ensuring it stays dry for year-round use. With ample space to accommodate both your RV and boat, this immaculate home is ready for your personal touch.

Offered at $625,000

Special thanks to Martha Carter from Engel & Völkers in Islamorada for permission to promote this listing. 

Post Irma Real Estate Market - A Look at the Numbers

Venetian Shores in Islamorada, the day of Hurricane Irma

While Monroe County continues its recovery after Hurricane Irma made landfall in the Florida Keys on September 10th, the local real estate market continues to recover as well. Here is the real estate activity that has taken place since Irma.

In the weeks since the storm, 230 properties have been listed for sale. Some of these are properties that were on the market prior to the storm, but were withdrawn or cancelled due to needed repairs and cleanup prior to being offered for sale again.

Of these new listings, 18 are currently under contract and 8 have closed and transferred to new owners.

Many of the properties that were under contract prior to the storm have gone ahead and completed the sale, with 156 closings Keyswide since September 10th.  However, not all properties that were under contract have made it to the closing table. Of the properties that were under contract prior to Irma, 45 of them are back on the market after buyers or sellers decided not to move forward with the purchase and sale.

Numerous listings that were offered for sale prior to the storm are no longer on the market, with 193 listings being removed from the available inventory of properties for sale, with nearly half of those properties located between the Lower Keys and Duck Key.

While this is typically the slower part of the year in advance of our season, we are still receiving calls from buyers that are interested in purchasing in the Keys. Many of these calls have been buyers that were looking to score a deal on property that sellers may be wanting to sell quickly due to damage. However, these buyers are finding that most property owners are not looking to "unload" their property for bargain prices, but will continue to sell at market value after repairs are made.

Many areas of the Keys will need time to rebuild, particularly those in the hardest hit areas of the Lower Keys. But the residents of the Keys are a resilient group, with #KeysStrong and #Can'tDrownAConch popular themes throughout our entire island chain.

Real Estate Activity August 18th to August 24th, 2014 - New listings, pending sales and closed sales

New Listing - 108 N. Bounty

Last week, a listing came on the market that got a lot of attention - a large bayfront home for just $423,900. Upon closer examination, this home has some major issues - including being built without an active building permit. despite failed inspections, and an expired permit, construction continued. There is speculation that this home will have to be bulldozed. This explains why the price is what it is. It is essentially being marketed as a vacant lot, listed at land value only.  Still, I am sure some investor will take a chance on it and try to save the building. Time will tell.

Pending Sale - Key Largo Yacht Club

Pending sales included a beautiful 3 bedroom townhome at Key Largo Yacht Club with direct open ocean views. This complex is off the beaten path and is very quiet and serene. There is also not one, but two deeded boat slips included with this property in the protected marina. The home was offered fully furnished for $875,000 at time of contract.

Sold Listing - 120 Columbus Drive

Sold listings included an all concrete home on Lower Matecumbe for $479,000. This canalfront home needs some updating, but it is in a great location and was priced to sell.  Listed for $499,900, it sold in just 48 days for $479,000.

Follow the links below to view the listings.

New Listings
Pending Sales
Sold Listings

Listing information is gathered from the Florida Keys Multiple Listing Service (MLS).  Listing links will automatically expire after 9/24/2014.