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.

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.

above flood • below flood • flood insurance • Florida Keys • pre-firm • August 20, 2014

Understanding Flood Insurance in the Florida Keys

by Tracy Larson

There are a lot of industry terms used in the real estate market that are not readily understood by potential buyers coming into the area. Terms such as “above flood” or “below flood” and “pre-firm” may be confusing for buyers. I’d like to share this video from Key West that does an excellent job illustrating those terms and more. It also let buyers know that there is a possibility to elevate an existing building to above flood, and what the advantages are to doing that.

above flood • below flood • flood insurance • Florida Keys • pre-firm • August 20, 2014

Understanding Flood Insurance in the Florida Keys

by Tracy Larson

There are a lot of industry terms used in the real estate market that are not readily understood by potential buyers coming into the area. Terms such as “above flood” or “below flood” and “pre-firm” may be confusing for buyers. I’d like to share this video from Key West that does an excellent job illustrating those terms and more. It also let buyers know that there is a possibility to elevate an existing building to above flood, and what the advantages are to doing that.

Florida Keys • Housing Market • Islamorada • Key Largo • New Listing • pending sales • Sold Listings • Treasure Harbor • August 19, 2014

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

by Tracy Larson

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.

Florida Keys • Housing Market • Islamorada • Key Largo • New Listing • pending sales • Sold Listings • Treasure Harbor • August 19, 2014

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

by Tracy Larson

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.

Anything That Floats • Blackwater Sound • Boat Race • Caribbean Club • Key Largo • Sundowners • August 13, 2014

Not the typical boat race – The Annual “Anything That Floats” contest is this weekend

by Tracy Larson

The Florida Keys with its beautiful waterfront setting are well known for boating. It’s not unusual to have sailboat races, speedboat races, and more.

But this event is unlike any of the others. In this event, the boats are all homemade – with restrictions. Materials allowed that you can find around your house:
cardboard, wood, PVC, duct tape, milk jugs, 5 gallon buckets, saran
wrap, old t-shirts, outdoor furniture, old bikes, and pool noodles. Just
no motors, inflatable rafts, foam, or pool toys are allowed.

“Boats” need to hold together long enough to hold team members inside during the half-mile dash
through a buoyed course set in Blackwater Sound from Key Largo’s
Caribbean Club to Sundowners and back.

Always a crowd pleaser, this event is sure to be fun for all – both spectators and participants alike.

The race is held on Saturday, August 16th. For more event information, go to www.KeyLargoAnythingThatFloatsRace.com.

Anything That Floats • Blackwater Sound • Boat Race • Caribbean Club • Key Largo • Sundowners • August 13, 2014

Not the typical boat race – The Annual “Anything That Floats” contest is this weekend

by Tracy Larson

The Florida Keys with its beautiful waterfront setting are well known for boating. It’s not unusual to have sailboat races, speedboat races, and more.

But this event is unlike any of the others. In this event, the boats are all homemade – with restrictions. Materials allowed that you can find around your house:
cardboard, wood, PVC, duct tape, milk jugs, 5 gallon buckets, saran
wrap, old t-shirts, outdoor furniture, old bikes, and pool noodles. Just
no motors, inflatable rafts, foam, or pool toys are allowed.

“Boats” need to hold together long enough to hold team members inside during the half-mile dash
through a buoyed course set in Blackwater Sound from Key Largo’s
Caribbean Club to Sundowners and back.

Always a crowd pleaser, this event is sure to be fun for all – both spectators and participants alike.

The race is held on Saturday, August 16th. For more event information, go to www.KeyLargoAnythingThatFloatsRace.com.

Florida Keys • Islamorada • Key Largo • new listings • pending sales • Sold Listings • Tavernier • August 12, 2014

Market Update – Real Estate Activity from August 4th to August 10th, 2014

by Tracy Larson

What a week! Last week was certainly a busy one with 20 new listings, 15 sold listings and a whopping 35 listings put under contract!

New Listing – 27 Lake Shore Drive

New Listings include a large 3 story home with pool on protected harbor in Key Largo. This home has 4 bedrooms and 4 baths, with the master suite being a private third floor retreat. Each level features open patios overlooking the pool and the harbor. It is offered at $850,000

Pending Sale – #503 Summer Sea

Pending Sales include a large top floor penthouse at Summer Sea Condos in Tavernier. This 3 bedroom, 2 bath residence has covered parking and bay views, in addition to a private rooftop deck. This complex makes for easy vacation rental to earn income while you are not using the unit for yourself. It was listed at $494,900 at time of contract.

Sold Listing – 135 Palermo

Sold listings included a ground level home in desirable Venetian Shores in Islamorada. This home is in need to total repair and restoration and the new owner will most likely be building a completely new home. It has 70 feet of dockage and a cut-in boat ramp. It sold for $400,000

To view the listings, follow the links below:

New Listings
Pending Sales
Closed Sales

Listing information is gathered from the Florida Keys Multiple
Listing Service (MLS). Listing links will automatically expire after 9/10/2014.

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