bayfront • buyers • closed sales • contracts • Florida Keys • MLS • oil spill • real estate market • sold properties • November 10, 2011

3r Quarter Comparisons – 2010 vs 2011

by Tracy Larson

How did the 3rd quarter this year compare to the 3rd quarter last year? Here’s a quick look at the numbers. You can certainly see where open water homes took the hardest hit in the 3^rd
quarter of 2010, and I credit the Deepwater Horizon for that dramatic drop. The
2^nd quarter of 2010 had 14 closings with an average sales price of
$1,705,357 for open water properties. Then the oil spill happened and potential
buyers of open water homes put plans to buy on hold until they knew whether or
not the Keys would be impacted. Sales of these properties have recovered since then.

Click on the image to enlarge it.

closed sales • Key Largo • MLS • Ocean Pointe Condos • real estate market • Tavernier • vacation rental • October 31, 2011

Just Sold! #4316 at Ocean Pointe in the Florida Keys

by Tracy Larson

#4316 Ocean Pointe, Tavernier

I’m pleased to announce that I’ve just closed the sale on one of my listings at Ocean Pointe. This fabulous
end unit has forever ocean views! Upgrades include tile floors,
remodeled baths & kitchen, stainless steel appliances & more.
This floorplan adds bay windows, and no neighbors adjacent to either
bedroom for peace & quiet. Previous rental history is very good
Amenities include 24 hour manned gate, Olympic pool, clubhouse, tennis
courts, boat storage, boat ramp, marina & sandy beach. This unit sold for $340,000.

To see a complete list of other units available in Ocean Pointe, visit my website at www.OceanPointeCondos.com

closed sales • Key Largo • MLS • Ocean Pointe Condos • real estate market • Tavernier • vacation rental • October 31, 2011

Just Sold! #4316 at Ocean Pointe in the Florida Keys

by Tracy Larson

#4316 Ocean Pointe, Tavernier

I’m pleased to announce that I’ve just closed the sale on one of my listings at Ocean Pointe. This fabulous
end unit has forever ocean views! Upgrades include tile floors,
remodeled baths & kitchen, stainless steel appliances & more.
This floorplan adds bay windows, and no neighbors adjacent to either
bedroom for peace & quiet. Previous rental history is very good
Amenities include 24 hour manned gate, Olympic pool, clubhouse, tennis
courts, boat storage, boat ramp, marina & sandy beach. This unit sold for $340,000.

To see a complete list of other units available in Ocean Pointe, visit my website at www.OceanPointeCondos.com

American Dream • Building Permits • Florida Keys • Key Largo • MLS • new listings • property for sale • October 30, 2011

Just Listed – Waterfront lot with active permits and approved plans!

by Tracy Larson

66 S. Andros Road

Get ready to build your Florida Keys Dream Home!

Just one lot from
the open water, this location will offer gorgeous ocean views from your new home. The lot is cleared and comes with active permits & approved plans for an incredible 5/3.5 home. Just minutes to
great fishing & diving spots in the Keys, including Elbow Reef,
Carysfort Lighthouse & the famous Spiegel Grove. Close to the 18
Mile Stretch, making this a perfect choice for commuting to and from the
Florida Keys from South Florida.

Artist’s Rendering

A full set of plans are available for this new home – call for more details and to get building!

Click the link below for the MLS printout for this listing.

MLS Data Sheet

American Dream • Building Permits • Florida Keys • Key Largo • MLS • new listings • property for sale • October 30, 2011

Just Listed – Waterfront lot with active permits and approved plans!

by Tracy Larson

66 S. Andros Road

Get ready to build your Florida Keys Dream Home!

Just one lot from
the open water, this location will offer gorgeous ocean views from your new home. The lot is cleared and comes with active permits & approved plans for an incredible 5/3.5 home. Just minutes to
great fishing & diving spots in the Keys, including Elbow Reef,
Carysfort Lighthouse & the famous Spiegel Grove. Close to the 18
Mile Stretch, making this a perfect choice for commuting to and from the
Florida Keys from South Florida.

Artist’s Rendering

A full set of plans are available for this new home – call for more details and to get building!

Click the link below for the MLS printout for this listing.

MLS Data Sheet

bayfront • boating • closed sales • Florida Keys • Investment • Key Largo • Moon Bay • short term rental • vacation rental • October 29, 2011

Sold! A-502 Moon Bay, Key Largo, Florida Keys

by Tracy Larson

A-502 Moon Bay, Key Largo, Florida Keys

I’m proud to say I’ve just sold my listing at Moon Bay in Key Largo. This top floor 2
bedroom, 1.5 bath condo in Moon Bay included a deeded boat slip. Offered fully
furnished, this unit features split bedroom floor plan, washer/dryer,
tile flooring, screened patio, and bayviews from the living room &
master bedroom. On-site amenities include electric entry gate, two
heated pools, spacious clubhouse, tennis court, and marina. Weekly
rentals allowed, with a sound rental history. It was on the market for just 94 days. Sold for $255,000

bayfront • boating • closed sales • Florida Keys • Investment • Key Largo • Moon Bay • short term rental • vacation rental • October 29, 2011

Sold! A-502 Moon Bay, Key Largo, Florida Keys

by Tracy Larson

A-502 Moon Bay, Key Largo, Florida Keys

I’m proud to say I’ve just sold my listing at Moon Bay in Key Largo. This top floor 2
bedroom, 1.5 bath condo in Moon Bay included a deeded boat slip. Offered fully
furnished, this unit features split bedroom floor plan, washer/dryer,
tile flooring, screened patio, and bayviews from the living room &
master bedroom. On-site amenities include electric entry gate, two
heated pools, spacious clubhouse, tennis court, and marina. Weekly
rentals allowed, with a sound rental history. It was on the market for just 94 days. Sold for $255,000

bayfront • closed sales • Florida Keys • MLS • new listings • pending sales • Private Island • waterfront • October 25, 2011

Real Estate Activity in the Florida Keys – October 10th to October 23rd

by Tracy Larson

The last two weeks have been a little slower than previous weeks and months, but there was still a fair amount of market activity. 162 new listings came on the market in the Keys during the last two weekes, with some of them already pending. 62 properties went under contract and 53 closings took place.

412 S. Coconut Palm – Listed at $999,000

Of the new listings, there is a very nice home directly on the bay for under $1,000,000. This 3 bedroom, 3 bath home features two docks with two boat lifts, all concrete construction and is offered fully furnished it is listed at $999,000.

Vacant lot on Cooks Island – Pending Sale

Pending sales include a vacant lot on Cooks Island, off Marathon. Not many people have heard of Cooks Island, but lately there seems to be a renewed interest, with another property on the island recently on the market. The vacant lot was listed at $50,000 at the time of contract. Learn more about Cooks Island by reading my previous post about it. You can find the article by clicking here.

227 Treasure Harbor Drive – Sold for $300,000

Sold listings include a nice three bedroom, three bath home on a dry lot at the end of a private street. This home has lots of storage and even has a view of the ocean. It was on the market for just under a year and sold for $300,000.

To view the listings follow the links below:

New Listings:
Pending Listings
Sold Listings

Listing information gathered from the Florida Keys MLS. Listing links will automatically expire after 11/24/2011.

bayfront • closed sales • Florida Keys • MLS • new listings • pending sales • Private Island • waterfront • October 25, 2011

Real Estate Activity in the Florida Keys – October 10th to October 23rd

by Tracy Larson

The last two weeks have been a little slower than previous weeks and months, but there was still a fair amount of market activity. 162 new listings came on the market in the Keys during the last two weekes, with some of them already pending. 62 properties went under contract and 53 closings took place.

412 S. Coconut Palm – Listed at $999,000

Of the new listings, there is a very nice home directly on the bay for under $1,000,000. This 3 bedroom, 3 bath home features two docks with two boat lifts, all concrete construction and is offered fully furnished it is listed at $999,000.

Vacant lot on Cooks Island – Pending Sale

Pending sales include a vacant lot on Cooks Island, off Marathon. Not many people have heard of Cooks Island, but lately there seems to be a renewed interest, with another property on the island recently on the market. The vacant lot was listed at $50,000 at the time of contract. Learn more about Cooks Island by reading my previous post about it. You can find the article by clicking here.

227 Treasure Harbor Drive – Sold for $300,000

Sold listings include a nice three bedroom, three bath home on a dry lot at the end of a private street. This home has lots of storage and even has a view of the ocean. It was on the market for just under a year and sold for $300,000.

To view the listings follow the links below:

New Listings:
Pending Listings
Sold Listings

Listing information gathered from the Florida Keys MLS. Listing links will automatically expire after 11/24/2011.

Florida Keys • homeownership • Investment • mortgage • property values • real estate • October 17, 2011

Ten reasons why owning is better than renting . . .

by Tracy Larson

1. You own it: No landlord can tell you the have decided not to rent anymore, forcing you to move on short notice.

2. Your tax return: The IRS provides several tax deductions for homeowners including mortgage interest, property taxes and some costs involved with buying a home. In addition, people who work from home can claim home office deductions.

3. Interest rates: Rates are still at some of the lowest levels ever seen, making it a great time to jump into home ownership. Depending on the property it may even be as cheap as paying rent for a comparable property.

4. You are investing: Your rent money is gone forever, building equity for someone else. Your mortgage payments can build equity in the property.

5. You save for the future: As your equity grows, and you’re investment matures, you can sell it and make up to $250,000 cash without owing any federal income tax on the profit.

6. You can predict expenses: A fixed rate mortgage remains the same over time, so there are no unexpected increases in rent.

7. You decorate it: Unless you’re in an HOA with restrictions on paint and landscaping, you can do what you what you want with the decor of the property. Interiors offer even more creative license.

8. Your credit: Mortgage payments made on time over the course of the loan help build your credit rating even further.

9. You are investing in yourself: Even simple improvements like a new ceiling fan, fresh paint or new carpeting is in investment in your lifestyle, building equity in your property at the same time.

10. You are proud of it: Renters know their homes actually belong to someone else. Owners know that their homes truly are their home and are proud of what they have achieved.

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