Market Update – Florida Keys real estate activity August 20th to 26th, 2012

Tropical Storm Isaac was of little threat to the Florida Keys, bringing us some needed rain and a steady stream of wind.  As for now, the shutters are coming down, the sky is clear and things are returning to normal.

In the last week 61 new listings came onto the market, 38 properties went under contract and 42 properties closed.  The featured properties this week are all about one thing: waterfront living.

New Listing – 107 W. Indies Drive

Among the new listings, there is three bedroom, two bath home on Ramrod Key. This home sits on one and a half open water lots, with an additional canalfront lot with dockage!  It comes fully furnished and even has a pool.  It’s offered at a great price of $699,000.

Pending Sale – 2600 Manor Lane

Pending sales include a magnificent estate in Marathon. This home features over 4,000 sq. ft. of living space and has a pool, private beach, elevator and much more. It was on the market for just 31 days, showing that the luxury market in the Keys is doing well. It was listed at $1,690,000

Sold – 49 Bay Drive

Closed sales include a oceanfront home with sandy beach, dock and pool. This home was listed as a short sale and just sold for $450,000. Originally listed at $730,000, it had been reduced to $600,000 before it went under contract. It has two bedrooms and two baths.

Follow the links below to view the properties:

New Listings
Pending Sales
Sold Properties

Listing information is gathered from the Florida Keys Board of Realtors. Listing links will automatically expire on 9/27/2012