Market Update – Real estate activity from August 11th to August 17th, 2014

It’s that time of year when the kids start going back to school, tourism starts to drop a bit and life in the Keys returns to a slower pace. At least that is what usually happens this time of year. There is still quite a bit of traffic on the Overseas Highway and quite a few people looking at real estate.

Last week, 21 new listings entered the market (with two of them are under contract already). 28 properties went under contract and 14 properties sold and closed.

New Listing – 25 Coral Drive

One of the new listings – 25 Coral Drive – was on the market for just 11 days when it went under contract. It’s an old conch cottage located on a nice lot in Key Largo. It’s in need of a lot of repairs, but the location is a good location. I wouldn’t be surprised if we see this little gem fixed up and put back on the market soon. It was listed at $119,000.

Pending Sale – 216 Treasure harbor

Pending listings include my conch cottage in Treasure Harbor, located in Islamorada.  This 2 bedroom, 2 bath home is on a large lot overlooking an open harbor. There is immediate Ocean access and very quick bay access via nearby Snake Creek. It was listed for $610,000 at the time of contract.

Sold Listing – 1120 Heron Road

Sold listings include a nice CBS stilt home on a canal with cut-in boat slip. This home has a large covered parking area as well as a bar with tiki on the ground level and a spacious 1,400 square foot residence upstairs. Originally listed at $755,000, it sold for $630,000.

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 9/18/2014.