Florida Keys • New Listing • Ocean Pointe • rental income • vacation rental • December 30, 2015

Income Producing Vacation Rental – #2205 at Ocean Pointe

by Tracy Larson

Looking for an investment with a view? This condo at Ocean Pointe just might be the ticket!

Offered at $319,000, this unit is currently the lowest priced two bedroom unit at Ocean Pointe. It comes fully furnished and ready to be used as either a primary residence or as an income generating vacation rental.

Ocean Pointe is one of the few condos in the Upper Keys where you can rent your unit for less than 28 days. Most condominiums have a strict policy of minimum rental periods being 28 days or longer. At Ocean Pointe, you can rent daily, weekly or monthly, allowing you to maximize your rental income.

There is an on-site management company that can take care of all of the rentals for you, or you can manage the property yourself and rent via sites such as VRBO.com (Vacation Rental By Owner).

The complex itself is a resort like setting, with over-sized swimming pool, sandy beach, on-sit cafe and lounge and an oceanfront marina. To learn more about Ocean Pointe, please visit www.OceanPointeCondos.com

boating • Condominiums • Key Largo • Moon Bay • New Listing • September 1, 2015

Just Listed – Great condo with deeded boat slip at Moon Bay, Key Largo

by Tracy Larson

Just listed and ready for it’s new owner! This 2 bedroom 1.5 bath condo features gorgeous views over Florida Bay. Offered fully furnished, this unit is ready for you to start enjoying the Florida Keys lifestyle. While you’re not using the unit for yourself, you can earn income from vacation rentals.

Located on the top floor, this unit features tile, carpet and hardwood flooring and views from the living area and the master bedroom. Complex amenities include heated pool, spacious clubhouse, tennis, marina and more.

Dockage is included in the deeded boat slip in the marina. John Pennekamp State Park is just minutes away, with Adams Cut allowing boating in both the Florida Bay and the Atlantic Ocean.

Offered at $393,500. Call today to arrange for a private showing!

boating • Condominiums • Key Largo • Moon Bay • New Listing • September 1, 2015

Just Listed – Great condo with deeded boat slip at Moon Bay, Key Largo

by Tracy Larson

Just listed and ready for it’s new owner! This 2 bedroom 1.5 bath condo features gorgeous views over Florida Bay. Offered fully furnished, this unit is ready for you to start enjoying the Florida Keys lifestyle. While you’re not using the unit for yourself, you can earn income from vacation rentals.

Located on the top floor, this unit features tile, carpet and hardwood flooring and views from the living area and the master bedroom. Complex amenities include heated pool, spacious clubhouse, tennis, marina and more.

Dockage is included in the deeded boat slip in the marina. John Pennekamp State Park is just minutes away, with Adams Cut allowing boating in both the Florida Bay and the Atlantic Ocean.

Offered at $393,500. Call today to arrange for a private showing!

Florida Keys • Market Activity • Market Data • Recent Sales • sellers market • Sold Listings • June 12, 2015

Where have all the listings gone?

by Tracy Larson

Ask any local REALTOR® and you will hear the same thing – “I need listings”.

Compared to this time last year, listing inventory is considerably lower. This is great news if you are a seller, because with fewer homes to choose from, buyers may act quicker on making a purchase, for fear of losing out. Sales prices also start to get closer to asking price. In June of 2014, the absorption rate was 11.59 months. In mid May 2015, it has dropped to just 8.7 months.

Here’s how it works: The Absorption Rate, in Months chart shows how long the current inventory of properties would last at the current rate of sales.

If
no new properties were added to the market, and sales continued at a
steady pace, the Absorption rate indicates the number of months required
to sell all the properties on the market.

Absorption rate is based on two numbers:

The number of active listings
The average number of listings sold per month for the previous n months.

The
number of active listings is a “snapshot” of listings active on a
single day (the 15th of the month). The number of months of sold
listings, here, is 12.

The formula is Absorption Ratio = A ÷ N
Where A = listings active on the 15th of the month, and
N = the average number of listings sold during each of the previous 12 months.

Florida Keys • Market Activity • Market Data • Recent Sales • sellers market • Sold Listings • June 12, 2015

Where have all the listings gone?

by Tracy Larson

Ask any local REALTOR® and you will hear the same thing – “I need listings”.

Compared to this time last year, listing inventory is considerably lower. This is great news if you are a seller, because with fewer homes to choose from, buyers may act quicker on making a purchase, for fear of losing out. Sales prices also start to get closer to asking price. In June of 2014, the absorption rate was 11.59 months. In mid May 2015, it has dropped to just 8.7 months.

Here’s how it works: The Absorption Rate, in Months chart shows how long the current inventory of properties would last at the current rate of sales.

If
no new properties were added to the market, and sales continued at a
steady pace, the Absorption rate indicates the number of months required
to sell all the properties on the market.

Absorption rate is based on two numbers:

The number of active listings
The average number of listings sold per month for the previous n months.

The
number of active listings is a “snapshot” of listings active on a
single day (the 15th of the month). The number of months of sold
listings, here, is 12.

The formula is Absorption Ratio = A ÷ N
Where A = listings active on the 15th of the month, and
N = the average number of listings sold during each of the previous 12 months.

Condo • Florida Keys • New Listing • Ocean Pointe • Ocean Pointe Condos • Oceanfront • April 10, 2015

New Listing at Ocean Pointe – #4416

by Tracy Larson

Ocean Pointe Marina

Year round residence or vacation rental investment – you decide!

Property
features include on-site property management, a heated Olympic sized
swimming pool, private sandy beach, private cocktail lounge, cafe,
oceanfront marina with boat ramp and dockage, lighted tennis courts and
oceanfront gazebo, year round boat & trailer storage and more – all
situated on 69 lush tropical acres.

These
units provide owners with excellent rental income, making it very
appealing to the investor. Use it as your own Keys retreat when it’s not
being rented.

#4416

Unit 4416 is an ideal location – an end unit on the top floor of the building closest to the Atlantic Ocean. This unit has been updated with granite counter-tops in the kitchen, upgraded bathrooms, all tile flooring and is being offered fully furnished.

Listed for $434,900. Click here for more information.

Condo • Florida Keys • New Listing • Ocean Pointe • Ocean Pointe Condos • Oceanfront • April 10, 2015

New Listing at Ocean Pointe – #4416

by Tracy Larson

Ocean Pointe Marina

Year round residence or vacation rental investment – you decide!

Property
features include on-site property management, a heated Olympic sized
swimming pool, private sandy beach, private cocktail lounge, cafe,
oceanfront marina with boat ramp and dockage, lighted tennis courts and
oceanfront gazebo, year round boat & trailer storage and more – all
situated on 69 lush tropical acres.

These
units provide owners with excellent rental income, making it very
appealing to the investor. Use it as your own Keys retreat when it’s not
being rented.

#4416

Unit 4416 is an ideal location – an end unit on the top floor of the building closest to the Atlantic Ocean. This unit has been updated with granite counter-tops in the kitchen, upgraded bathrooms, all tile flooring and is being offered fully furnished.

Listed for $434,900. Click here for more information.

Florida Keys • Islamorada • Just Listed • Just Reduced • single family home • September 30, 2014

Just Reduced! Fabulous single family home in great Islamorada neighborhood!

by Tracy Larson

Just Reduced to $355,000!

Be it year round residence or weekend getaway – this contemporary residence is the perfect place to come home to.

Located in a desirable Islamorada location, this 3 BD/2 BA home features over 1,300 sq. ft. of living space with a very open floor plan, vaulted ceilings, and walk-in closets. The master bedroom has a private master bat and sliding glass doors leading to the backyard.

There is a large rear and side yard, which is fully fenced with wood privacy fencing.The yard can easily accommodate a pool. There is also plenty of parking for cars and your boat.

The bayfront HOA park offers boat ramp with immediate bay access and quick ocean access via nearby Tavernier Creek.

For more photos and full details, click here.

Call today for a private showing.

Florida Keys • Islamorada • Just Listed • Just Reduced • single family home • September 30, 2014

Just Reduced! Fabulous single family home in great Islamorada neighborhood!

by Tracy Larson

Just Reduced to $355,000!

Be it year round residence or weekend getaway – this contemporary residence is the perfect place to come home to.

Located in a desirable Islamorada location, this 3 BD/2 BA home features over 1,300 sq. ft. of living space with a very open floor plan, vaulted ceilings, and walk-in closets. The master bedroom has a private master bat and sliding glass doors leading to the backyard.

There is a large rear and side yard, which is fully fenced with wood privacy fencing.The yard can easily accommodate a pool. There is also plenty of parking for cars and your boat.

The bayfront HOA park offers boat ramp with immediate bay access and quick ocean access via nearby Tavernier Creek.

For more photos and full details, click here.

Call today for a private showing.

closed sales • Florida Keys Real Estate Market • Key Largo Yacht Club • Lower Matecumbe • Market Activity • new listings • pending sales • August 25, 2014

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

by Tracy Larson

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.

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