Atlantic Ocean • Condominiums • Florida Keys • Islamorada • Luxury Condos • Luxury Homes • Ocean Harbour • December 2, 2013

New Listing – K35 Ocean Harbour

by Tracy Larson

Ocean Harbour Grounds

Ocean
Harbour, one of the most exclusive condominiums in Islamorada! Enjoy
luxury condo living & spectacular ocean views surrounded by gorgeous
tropical landscaping – this is truly an island paradise.

The View from K35

This 2 BD / 2BA
condo has endless views overlooking the pool, marina & Atlantic, and
includes a 30’ slip. With over 1,500 sq. ft. of living space, this condo offers ample living space with a split bedroom floorplan. The master bedroom enjoys open views of the ocean and has a spacious master bath.

Living
at Ocean Harbour, located on 12 lushly landscaped acres right on the
ocean’s edge, offers more than gentle sea breezes. The finest leisure
activities are here for all resident, guests and visitors to enjoy. On-site amenities include oceanfront clubhouse, beach,
marina, tennis, fitness room & much more.

To learn more about Ocean Harbour, visit www.OceanHarbourIslamorada.

Bahia Honda • Curry Hammock • Diving • Fishing • Florida Keys • John Pennekamp • key deer • Key West • Marathon • Sailing • November 7, 2013

“What is there to do in the Florida Keys?”

by Tracy Larson

I often hear this question when working with buyers that are new to our area. The answers are plentiful!

We have some of the best fishing, diving and boating in the country. Key Largo is home to one of Florida’s nicest state parks, John Pennekamp Coral Reef State Park, which is one of the underwater parks in the United States. Islamorada is known as the “Sportfishing Capital of the World”. Marathon is home to Curry Hammock State Park, with one of the largest populations of thatch palms in the United States. Bahia Honda State Park features one of the Keys greatest beaches and camping. On Big Pine Key you’ll find the National Key Deer Refuge, home to the diminutive Key Deer. And of course, Key West is famous for many things, including Mallory Square’s sunset celebration, a major cruise destination and Fantasy Fest, to name a few.

Bahia Honda • Curry Hammock • Diving • Fishing • Florida Keys • John Pennekamp • key deer • Key West • Marathon • Sailing • November 7, 2013

“What is there to do in the Florida Keys?”

by Tracy Larson

I often hear this question when working with buyers that are new to our area. The answers are plentiful!

We have some of the best fishing, diving and boating in the country. Key Largo is home to one of Florida’s nicest state parks, John Pennekamp Coral Reef State Park, which is one of the underwater parks in the United States. Islamorada is known as the “Sportfishing Capital of the World”. Marathon is home to Curry Hammock State Park, with one of the largest populations of thatch palms in the United States. Bahia Honda State Park features one of the Keys greatest beaches and camping. On Big Pine Key you’ll find the National Key Deer Refuge, home to the diminutive Key Deer. And of course, Key West is famous for many things, including Mallory Square’s sunset celebration, a major cruise destination and Fantasy Fest, to name a few.

3rd Quarter • closed sales • Florida Keys • Florida Keys. Upper Keys • Market Activity • Recent Sales • Upper Keys • October 8, 2013

3rd Quarter of 2012 Compared to 3rd Quarter 2013

by Tracy Larson

Click the graphic to enlarge.

It never fails – when you tell someone you’ve just met that you’re in real estate, the first question they ask is “how is the market?”

Each quarter I compare the current year to the previous year to see how the market has changed. It’s one thing to say it seems like the market is improving and another to actually see it in real numbers.

The 3rd quarter of 2013 has seen an increase in both average sales prices and number of properties sold in every segment but one, which was open water homes. Still open water homes are doing quite well. The drop in average sales price is due to two low priced comps that sold for below typical open water prices.

Both condos and non-waterfront homes are doing quite well, with each seeing healthy increases in number of sales and average sales prices.

If you’re considering a purchase, now may be the best time to get into a Keys home as I predict home prices in the Florida Keys will continue to creep upward.

Have questions? Call me at 305-522-3812 or email me today!

3rd Quarter • closed sales • Florida Keys • Florida Keys. Upper Keys • Market Activity • Recent Sales • Upper Keys • October 8, 2013

3rd Quarter of 2012 Compared to 3rd Quarter 2013

by Tracy Larson

Click the graphic to enlarge.

It never fails – when you tell someone you’ve just met that you’re in real estate, the first question they ask is “how is the market?”

Each quarter I compare the current year to the previous year to see how the market has changed. It’s one thing to say it seems like the market is improving and another to actually see it in real numbers.

The 3rd quarter of 2013 has seen an increase in both average sales prices and number of properties sold in every segment but one, which was open water homes. Still open water homes are doing quite well. The drop in average sales price is due to two low priced comps that sold for below typical open water prices.

Both condos and non-waterfront homes are doing quite well, with each seeing healthy increases in number of sales and average sales prices.

If you’re considering a purchase, now may be the best time to get into a Keys home as I predict home prices in the Florida Keys will continue to creep upward.

Have questions? Call me at 305-522-3812 or email me today!

Bank Owned • Florida Keys • Islamorada • Just Sold • REO • waterfront • August 30, 2013

JUST SOLD – 201 Nautilus Drive, Islamorada

by Tracy Larson

201 Nautilus Drive, Islamorada, Florida Keys

This bank owned property generated a considerable amount of interest, most likely due to pricing. Priced at $300,000, this diamond in the rough received a total of 24 offers in 8 days!

The sales price was $295,000.

This home was in need of many repairs but was located on a clean canal just around the corner from Florida Bay, giving it great boating access. It has three bedrooms and three baths with over 1,600 square feet of living space. View more photos and a full description of the property at www.201NautilusDrive.com.

I won’t be surprised if we see this property fixed up and put back on the market fairly soon. The new owner has already begun repairs and has plans of selling it once repairs are completed.

Stay tuned for more information on this property.

Bank Owned • Florida Keys • Islamorada • Just Sold • REO • waterfront • August 30, 2013

JUST SOLD – 201 Nautilus Drive, Islamorada

by Tracy Larson

201 Nautilus Drive, Islamorada, Florida Keys

This bank owned property generated a considerable amount of interest, most likely due to pricing. Priced at $300,000, this diamond in the rough received a total of 24 offers in 8 days!

The sales price was $295,000.

This home was in need of many repairs but was located on a clean canal just around the corner from Florida Bay, giving it great boating access. It has three bedrooms and three baths with over 1,600 square feet of living space. View more photos and a full description of the property at www.201NautilusDrive.com.

I won’t be surprised if we see this property fixed up and put back on the market fairly soon. The new owner has already begun repairs and has plans of selling it once repairs are completed.

Stay tuned for more information on this property.

Condominiums • Florida Keys • Resorts • Timeshares • Vacations • August 22, 2013

Timeshares in the Florida Keys

by Tracy Larson

A lot of people dream about having a place in the Florida Keys that they can visit and call home. Many times, the cost of purchasing a home or condo stands in the way of this dream. A possible solution: a timeshare.

A timeshare is a property with a particular form of ownership or use rights. These properties are typically resort condominium units, in which multiple parties hold rights to use the property, and
each sharer is allotted a period of time when they may use the property. Typically, the time period is one week, and usually is set for the same time each year, although many do offer flexibility on when you can use the unit.

There are several timeshare opportunities in the Florida Keys, ranging in price from $2,000 to $95,000. Click the link below to see the available units on the market right now.

Click here to view Florida Keys Timeshares

Condominiums • Florida Keys • Resorts • Timeshares • Vacations • August 22, 2013

Timeshares in the Florida Keys

by Tracy Larson

A lot of people dream about having a place in the Florida Keys that they can visit and call home. Many times, the cost of purchasing a home or condo stands in the way of this dream. A possible solution: a timeshare.

A timeshare is a property with a particular form of ownership or use rights. These properties are typically resort condominium units, in which multiple parties hold rights to use the property, and
each sharer is allotted a period of time when they may use the property. Typically, the time period is one week, and usually is set for the same time each year, although many do offer flexibility on when you can use the unit.

There are several timeshare opportunities in the Florida Keys, ranging in price from $2,000 to $95,000. Click the link below to see the available units on the market right now.

Click here to view Florida Keys Timeshares

Biggert-Waters Act • flood insurance • Florida Keys • Hershoff Lupino & Yagel • L.L.P. • NFIP • Russell Yagel • July 30, 2013

by Tracy Larson

There is a lot of talk lately about the new changes to the National Flood Insurance Program (NFIP).

Local attorney Russell Yagel from Hershoff Lupino & Yagel, L.L.P. has been kind enough to provide this summary:

Summary of rate changes being implemented under the NFIP
Russell Yagel / Hershoff Lupino & Yagel, L.L.P.

Already underway:

Full-risk rates now are being applied to newly purchased property, to
property not previously insured, and to policies that are re-purchased
after a lapse.

Premiums for older (pre-FIRM) non-primary
residences in Special Flood Hazard Areas will increase by 25% annually
until they reflect the full-risk rate.

Beginning October 2013,

Premiums for pre-FIRM business properties, severe repetitive loss
properties (1–4 residences), and properties on which claims payments
exceed fair market value will increase by 25% annually until they
reflect the full-risk rate.

Routine rate revisions will include a 5% assessment to build a catastrophic reserve fund.

Anticipated late in 2014,

Premiums for properties affected by map changes will increase by 20% each year to reach full-risk rates.

Who won’t be affected:

Owners of primary residences in SFHAs (Special Flood Hazard Areas) will keep the subsidized rates
until the home is sold; the policy is allowed to lapse; a new policy is
purchased; or a string of severe losses is experienced.

Post-FIRM rates for all zone classes will be unaffected by Section 100205 of the Biggert-Waters Act.

Thank you, Russell Yagel for providing this informative summary.

To contact Russell Yagel:
Hershoff Lupino & Yagel, L.L.P.
www.tropicalaw.com
90130 Old Highway
Tavernier, Florida 33070

305-852-8440

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