Canalfront • closed sales • condos • Florida Keys • Market Data • Open Water • Quarterly Comparison • real estate • second home • January 8, 2013

4th Quarter of 2011 versus 4th Quarter 2012 in the Upper Florida Keys

by Tracy Larson

Prices appear to be on the rise in the Upper Florida Keys.

The average sales price for waterfront homes, dry lot homes and condo/townhomes rose in the 4th quarter of 2012 compared to the same time period in 2011.

The number of days on market, or marketing period, remained fairly consistent throughout the various types of properties, with canalfront property having the shortest marketing time of 213 days on average.

If you’re thinking of investing in property in the Florida Keys, now is a great time to do so. Rates are still low and there is an ample selection of available property to choose from.

Click the chart to the left to view a larger version.

Florida Keys • Key Largo • Market Activity • new listings • Ocean Pointe • pending sales • Sold Listings • January 3, 2013

Year End Update – Activity from December 17th to December 31st, 2012

by Tracy Larson

The year 2012 finished on a strong note, with 154 new listings coming on the market, 82 properties going under contract and 91 closings taking place.

New Listing – 853 Narragansett

New listings include a bayfront home in Key Largo. It is completely gutted and does have some code issues, but with the right amount of effort, it could become a great waterfront home. It is on a very nice bayfront lot with dockage and boat ramp. It is bank owned. Being offered at $510,000, this will sell very quickly.

Pending – 11 Coral Drive

Pending sales include an all concrete home in a nice location in Key Largo. It has updated kitchen and baths and covered parking under the house. It has 3 bedrooms and 2 baths with just over 1,200 sq. ft. of living space. It was offered at $279,500 at time of contract.

Sold – #1203 Ocean Pointe

Sold listings included a bank owned unit at Ocean Pointe. This 2 bedroom 2 bath unit is was even sold fully furnished at an incredible price of just $168,000. These units make excellent investments with rentals being allowed for as little as one day.

To see the listings, follow the links below:

New Listings
Pending Listings
Closed Sales

Listing information is gathered from the Florida Keys Multiple Listing Service. Listing links will automatically expire after 2/2/2013.

Florida Keys • Key Largo • Market Activity • new listings • Ocean Pointe • pending sales • Sold Listings • January 3, 2013

Year End Update – Activity from December 17th to December 31st, 2012

by Tracy Larson

The year 2012 finished on a strong note, with 154 new listings coming on the market, 82 properties going under contract and 91 closings taking place.

New Listing – 853 Narragansett

New listings include a bayfront home in Key Largo. It is completely gutted and does have some code issues, but with the right amount of effort, it could become a great waterfront home. It is on a very nice bayfront lot with dockage and boat ramp. It is bank owned. Being offered at $510,000, this will sell very quickly.

Pending – 11 Coral Drive

Pending sales include an all concrete home in a nice location in Key Largo. It has updated kitchen and baths and covered parking under the house. It has 3 bedrooms and 2 baths with just over 1,200 sq. ft. of living space. It was offered at $279,500 at time of contract.

Sold – #1203 Ocean Pointe

Sold listings included a bank owned unit at Ocean Pointe. This 2 bedroom 2 bath unit is was even sold fully furnished at an incredible price of just $168,000. These units make excellent investments with rentals being allowed for as little as one day.

To see the listings, follow the links below:

New Listings
Pending Listings
Closed Sales

Listing information is gathered from the Florida Keys Multiple Listing Service. Listing links will automatically expire after 2/2/2013.

Florida Keys • Investment • Just Reduced • Ocean Pointe • Ocean Pointe Condos • Oceanfront • rental income • Tavernier • vacation rental • December 28, 2012

Just Reduced! Oceanfront Condo with Excellent Rental Income History

by Tracy Larson

The View From Your Unit

Top floor, desirable “D” unit floor plan and ocean views – does it get any better than this?

Top
floor, building 5, D unit . . .does it get any better than this? This
2/2 Ocean Pointe condo offers great marina & ocean views. Upgrades
include tiled hallway, wainscoting, remodeled kitchen/baths and chic
furnishings. Amenities include 24 hour manned gate, Olympic pool,
clubhouse, tennis courts, boat storage, boat ramp, marina & sandy
beach. A proven investment with solid rental history!

This unit has just
been reduced to $339,900. Call today to arrange a showing or for more information.

Florida Keys • Investment • Just Reduced • Ocean Pointe • Ocean Pointe Condos • Oceanfront • rental income • Tavernier • vacation rental • December 28, 2012

Just Reduced! Oceanfront Condo with Excellent Rental Income History

by Tracy Larson

The View From Your Unit

Top floor, desirable “D” unit floor plan and ocean views – does it get any better than this?

Top
floor, building 5, D unit . . .does it get any better than this? This
2/2 Ocean Pointe condo offers great marina & ocean views. Upgrades
include tiled hallway, wainscoting, remodeled kitchen/baths and chic
furnishings. Amenities include 24 hour manned gate, Olympic pool,
clubhouse, tennis courts, boat storage, boat ramp, marina & sandy
beach. A proven investment with solid rental history!

This unit has just
been reduced to $339,900. Call today to arrange a showing or for more information.

condos • Ocean Pointe • rental income • Tavernier • vacation rental • December 19, 2012

An Investment with a view! Lucrative rental program comes with these oceanfront condos!

by Tracy Larson

If you’re looking for a place in the Florida Keys to call home a few times a year, but would like to be able to generate rental income when you’re not using it, Ocean Pointe Condos might just be the perfect solution.

Available in a choice of four floorplans, these one or two bedroom condos offer a full array of resort amenities, including Olympic sized swimming pool, private sandy beach, dual lighted tennis courts, on-site Cafe & Lounge, marina and 24 hour manned, gated entrance.

What sets these units apart from many other condos on the market in the Upper Keys is their ability to rent out as a vacation rental. You can rent your unit through the on-site rental program, which will handle every detail of managing the rental, or you can rent the unit out on your own, or through a local real estate company. Each unit has an owner’s closet, so that owners can lock their belongings in the unit while they are not using it themselves. Owners are also permitted to leave a boat on a trailer on the property year round, at no additional cost.

These units currently range in price from $195,000 (1 BD / 1.5 BA) to $359,000 (2 BD / 2 BA).

Follow the links below to learn more:

About Ocean Pointe
Available Units at Ocean Pointe
Ocean Pointe Photo Gallery & Floor Plans

condos • Ocean Pointe • rental income • Tavernier • vacation rental • December 19, 2012

An Investment with a view! Lucrative rental program comes with these oceanfront condos!

by Tracy Larson

If you’re looking for a place in the Florida Keys to call home a few times a year, but would like to be able to generate rental income when you’re not using it, Ocean Pointe Condos might just be the perfect solution.

Available in a choice of four floorplans, these one or two bedroom condos offer a full array of resort amenities, including Olympic sized swimming pool, private sandy beach, dual lighted tennis courts, on-site Cafe & Lounge, marina and 24 hour manned, gated entrance.

What sets these units apart from many other condos on the market in the Upper Keys is their ability to rent out as a vacation rental. You can rent your unit through the on-site rental program, which will handle every detail of managing the rental, or you can rent the unit out on your own, or through a local real estate company. Each unit has an owner’s closet, so that owners can lock their belongings in the unit while they are not using it themselves. Owners are also permitted to leave a boat on a trailer on the property year round, at no additional cost.

These units currently range in price from $195,000 (1 BD / 1.5 BA) to $359,000 (2 BD / 2 BA).

Follow the links below to learn more:

About Ocean Pointe
Available Units at Ocean Pointe
Ocean Pointe Photo Gallery & Floor Plans

bayfront • Canalfront • Florida • Florida Keys • Key Largo • Market Activity • new listings • pending sales • Sold Listings • Tavernier • December 18, 2012

Market Update – Florida Keys real estate activity from December 10th to December 16th, 2012

by Tracy Larson

There is still time to get a new home in the Florida Keys under contract before the end of the year and with 121 new listings on the market this week, there are plenty to choose from. As for pending sales and closed sales, 58 properties went under contract and 38 properties closed.

New Listing – 218 Dexter Court

Among the new listings, there is a spacious 4 bedroom, 3 bath home with direct bay views and deep water dockage. Located in Hammer Point in Key Largo, this home is close to Tavernier Creek, giving it quick access to both the bay and the Atlantic Ocean. It is offered at $1,795,000.

Pending Sale – 8 Sexton Way

Pending sales include a canalfront home in Key Largo located in Stillwright Point. This 2 bedroom, 2 bath all concrete home features a cut-in boat slip. It is being marketed as a potential short sale at $475,000 and was on the market for just 85 days when it went under contract.

Closed Sale – Summer Seas Condo

Sold properties include a very nice 2 bedroom, 2 bath condo in Summer Seas, located in Tavernier. This unit had never been on the market before and was in excellent condition. Originally listed at $229,900, it sold for $179,000. It was a short sale.

To view the listings, follow the links below:

New Listings
Pending Sales
Closed Sales

Listing information is gathered from the Florida Keys Board of Realtors MLS (Multiple Listing Service). Listing links will automatically expire after 1/17/2013

bayfront • Canalfront • Florida • Florida Keys • Key Largo • Market Activity • new listings • pending sales • Sold Listings • Tavernier • December 18, 2012

Market Update – Florida Keys real estate activity from December 10th to December 16th, 2012

by Tracy Larson

There is still time to get a new home in the Florida Keys under contract before the end of the year and with 121 new listings on the market this week, there are plenty to choose from. As for pending sales and closed sales, 58 properties went under contract and 38 properties closed.

New Listing – 218 Dexter Court

Among the new listings, there is a spacious 4 bedroom, 3 bath home with direct bay views and deep water dockage. Located in Hammer Point in Key Largo, this home is close to Tavernier Creek, giving it quick access to both the bay and the Atlantic Ocean. It is offered at $1,795,000.

Pending Sale – 8 Sexton Way

Pending sales include a canalfront home in Key Largo located in Stillwright Point. This 2 bedroom, 2 bath all concrete home features a cut-in boat slip. It is being marketed as a potential short sale at $475,000 and was on the market for just 85 days when it went under contract.

Closed Sale – Summer Seas Condo

Sold properties include a very nice 2 bedroom, 2 bath condo in Summer Seas, located in Tavernier. This unit had never been on the market before and was in excellent condition. Originally listed at $229,900, it sold for $179,000. It was a short sale.

To view the listings, follow the links below:

New Listings
Pending Sales
Closed Sales

Listing information is gathered from the Florida Keys Board of Realtors MLS (Multiple Listing Service). Listing links will automatically expire after 1/17/2013

closed sales • Florida Keys • Key Largo • new listings • Open Water • pending sales • Ramrod Key • December 11, 2012

Florida Keys Real Estate Activity – December 1st to December 9th, 2012

by Tracy Larson

It may be the holiday season, but it is also the selling season here in the Florida Keys!

The first week of December has been a busy one for new listings – 117 new listings came on the market. Additionally, 54 listings went under contract and 50 listings closed. Now is the time to buy!

New Listing – 197 Atlantic Blvd

197 Atlantic Boulevard is one of the new listings on the market. This large 4 bedroom 3 bath home has over 2,000 sq. ft. of living space and is located in a great boating neighborhood with instant access to the Atlantic Ocean. It is priced at $975,000.

Pending – 26 Center Lane

Pending listings include a nice canal front home in Stillwright Point in Key Largo. This 3 bedroom, 3 bath home features impact resistant windows, a whole house generator, built in barbecue and chiki hut and a downstairs game room. It was listed at $620,000 at time of sale and on the market for just 60 days.

Sold – 27364 Dominica Lane

Closed sales include an open water home on Ramrod Key that sold for just $535,000. This 3 bedroom, 2 bath home has great open water views, wrap-around balcony and a small ramp for kayak launching. Originally listed at $599,000 it was on the market for just 55 days.

Follow the links below to view the listings:

New Listings
Pending Listings
Sold Listings

Listing information gathered from the Florida Keys Multiple Listing
Service (MLS). Listing links will automatically expire after 1/10/2013

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