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.