contractsKey Largoproperty valuesreal estate July 4, 2010

Pending Sales in the Florida Keys

Curious to see what’s selling in the Florida Keys? We’ve put together a list of properties that are currently pending in Upper Florida Keys by category.


These links are live and automatically update as properties go into pending status. 

Islamorada June 17, 2010

Islamorada Chamber of Commerce Oil Spill Town Hall Meeting

The Islamorada Chamber of Commerce will host an Oil Spill Town Hall Meeting as an informational platform for local businesses and residents.  The meeting will be held Tuesday June 22, at 6:00pm at Island Christian Church mm 83.4. 

Participants will leave the meeting with concrete “how-to” information they will need to protect themselves, their businesses and our local marine mammals. 

Presenters include:

  • NOAA – trajectory
  • Marine Mammal Conservancy (MMC) – Marine Mammals in distress.
  • Hershoff, Lupino and Yagel – an outline on the claim process and evidence you can gather to protect your claim.

For more information, contact the Islamorada Chamber of Commerce 305-664-4503.

Uncategorized June 17, 2010

National Flood Insurance Program Update

We are all eager to hear anything we can from Washington about the extension of the Flood Insurance Program (NFIP) but Congress is moving at a snail’s pace.  The NFIP extension is part of a much larger “extenders” package so there is plenty of controversy with various provisions. 

 
The big problem right now is getting 60 votes on the extenders bill and Senate leaders are offering a third compromise as we speak in an effort to get those 60 votes necessary for passage.  We should probably not expect a Senate vote until Friday and then the bill will have to go back to the US House for a vote.  It is looking more and more likely that the House vote and then the President’s signature won’t come until early next week.  Very frustrating!

 
In VERY good news, an amendment was added to the package to extend the First Time Homebuyer Tax Credit to those who were qualified and were under contract as of April 30th but haven’t been able to close yet (obviously many buyers are involved in short sales that are taking longer than expected and others can’t close because of the lapse in flood insurance).  With this Senate amendment the tax credit would be extended from June 30 to September 30, 2010 (but again, only for those who were under contract by April 30, 2010, not for new buyers entering the market today).

Publish Post

Uncategorized June 17, 2010

National Flood Insurance Program Update

We are all eager to hear anything we can from Washington about the extension of the Flood Insurance Program (NFIP) but Congress is moving at a snail’s pace.  The NFIP extension is part of a much larger “extenders” package so there is plenty of controversy with various provisions. 

 
The big problem right now is getting 60 votes on the extenders bill and Senate leaders are offering a third compromise as we speak in an effort to get those 60 votes necessary for passage.  We should probably not expect a Senate vote until Friday and then the bill will have to go back to the US House for a vote.  It is looking more and more likely that the House vote and then the President’s signature won’t come until early next week.  Very frustrating!

 
In VERY good news, an amendment was added to the package to extend the First Time Homebuyer Tax Credit to those who were qualified and were under contract as of April 30th but haven’t been able to close yet (obviously many buyers are involved in short sales that are taking longer than expected and others can’t close because of the lapse in flood insurance).  With this Senate amendment the tax credit would be extended from June 30 to September 30, 2010 (but again, only for those who were under contract by April 30, 2010, not for new buyers entering the market today).

Publish Post

bankingFlorida KeysIslamoradaKey Largoproperty valuesreal estate June 7, 2010

Foreclosures in the Florida Keys


Bank
Owned
Property

Bank owned properties, also know
as REO’s have begun to appear across the nation and the Florida Keys
have been no exception.

REO stands for Real Estate
Owned and it refers to real estate property
that was previously a security for a mortgage loan. The previous owner
defaulted on the loan and the lending institution foreclosed on the
owner and took ownership of the property.

Follow the
link below to see a list of properties being offered in the Florida Keys
that are currently REO being marketed in the Florida Keys MLS.

Click Here for Banked
Owned Florida Keys
Properties

bankingFlorida KeysIslamoradaKey Largoproperty valuesreal estate June 7, 2010

Foreclosures in the Florida Keys


Bank
Owned
Property

Bank owned properties, also know
as REO’s have begun to appear across the nation and the Florida Keys
have been no exception.

REO stands for Real Estate
Owned and it refers to real estate property
that was previously a security for a mortgage loan. The previous owner
defaulted on the loan and the lending institution foreclosed on the
owner and took ownership of the property.

Follow the
link below to see a list of properties being offered in the Florida Keys
that are currently REO being marketed in the Florida Keys MLS.

Click Here for Banked
Owned Florida Keys
Properties

bayfrontboatingFlorida KeysKey Largooil spillproperty valuesreal estate June 4, 2010

Will Oil Spill in the Gulf Affect The Florida Keys?

All eyes are on Florida now as the oil spill that is still leaking from the Deepwater Horizon still floods into the waters of the Gulf of Mexico.
Parts of the oil may already being enterting the loop current, a warm
ocean current in the Gulf of Mexico that flows northward between Cuba and the Yucatán
peninsula, moves north into the Gulf of Mexico, loops west and south
before exiting to the east through the Florida Straits.
Shoreline property owners and real estate professionals are concerned
the disaster could literally hit home by decreasing house values. There is no way at this time to tell what the depreciation – if any – will be on the property values in the Florida Keys. Far
too many variables play a role in predicting the coastline(s) that will
be affected by the spill.
Most oil spill experts say any oil carried by the Loop
Current would be more dispersed and highly weathered by the time it gets
to the Keys, making it highly unlikely that large “rivers” of heavy oil would impact the
Keys.  The weathered and diluted
oil would likely appear in the form of tar balls.
While arrival of oil in any form is unacceptable, tar balls are
“significantly less toxic,” according to Florida Department of
Environmental Protection Secretary Michael Sole. It is also possible
that some areas of the Keys could be affected and others not, or that the
oil residues could remain in the Loop Current and Gulf Stream and miss the Keys altogether. 

The National Oceanic and Atmospheric Administration is providing oil slick
trajectory maps regarding the oil spill and its proximity to the Florida
Keys. Forecast maps are updated daily to plot and project approximate
positions of the oil slick, and provide the latest available forecast
showing movement in and around Gulf waters.  The map below was issued on Wednesday, June 2nd, 2010.

bayfrontboatingFlorida KeysKey Largooil spillproperty valuesreal estate June 4, 2010

Will Oil Spill in the Gulf Affect The Florida Keys?

All eyes are on Florida now as the oil spill that is still leaking from the Deepwater Horizon still floods into the waters of the Gulf of Mexico.
Parts of the oil may already being enterting the loop current, a warm
ocean current in the Gulf of Mexico that flows northward between Cuba and the Yucatán
peninsula, moves north into the Gulf of Mexico, loops west and south
before exiting to the east through the Florida Straits.
Shoreline property owners and real estate professionals are concerned
the disaster could literally hit home by decreasing house values. There is no way at this time to tell what the depreciation – if any – will be on the property values in the Florida Keys. Far
too many variables play a role in predicting the coastline(s) that will
be affected by the spill.
Most oil spill experts say any oil carried by the Loop
Current would be more dispersed and highly weathered by the time it gets
to the Keys, making it highly unlikely that large “rivers” of heavy oil would impact the
Keys.  The weathered and diluted
oil would likely appear in the form of tar balls.
While arrival of oil in any form is unacceptable, tar balls are
“significantly less toxic,” according to Florida Department of
Environmental Protection Secretary Michael Sole. It is also possible
that some areas of the Keys could be affected and others not, or that the
oil residues could remain in the Loop Current and Gulf Stream and miss the Keys altogether. 

The National Oceanic and Atmospheric Administration is providing oil slick
trajectory maps regarding the oil spill and its proximity to the Florida
Keys. Forecast maps are updated daily to plot and project approximate
positions of the oil slick, and provide the latest available forecast
showing movement in and around Gulf waters.  The map below was issued on Wednesday, June 2nd, 2010.

bayfrontboatingFlorida KeysIslamoradareal estate May 17, 2010

Unique Bayfront Home in Islamorada – Just Listed for $1,699,000

An architectural beauty on the bay designed in the style of Frank Lloyd Wright. This home offers a blend of copper, wood, stone and concrete to create an impressive, yet comfortable place to really relax, offering year round views of the awesome sunsets over the bay. The kitchen features stainless steel Bosch appliances, Silestone countertops, and glass tile backboards. Beautifully landscaped.

bayfrontboatingFlorida KeysIslamoradareal estatevenetian shores May 17, 2010

Discover Venetian Shores – Islamorada, Florida

Venetian Shores is a very popular subdivision in the Upper Keys located at Mile Marker 86 on the bayside.

It is a very popular choice with boaters, as it boasts some of the widest and cleanest canals in the Upper Keys. 


Homes are divided between two sides of Venetian Shores. Properties to the South of Venetian Boulevard are on open canals, meaning that the canals provide open access to both the bay and ocean via Snake Creek. Properties on the northern side of Venetian Boulevard are on plugged canals. These canals do not open and do not allow access to open water, although many of them have deeded dockage in the bayfront marina, thus providing them access to boating. Homes on the open canals offer either 75 feet of 100 feet lots, allowing for ample dockage right at your back door. Behind canals on the plugged canals, it is not unusual to see kayakers out getting exercise, paddling up and down the clean canals. 

True to it’s name, most of the streets in Venetian Shores are named with a Italian influence. As in Venice, the emphasis here is on a lifestyle situated in and around the local waters. In this neighborhood, you’ll find everything from cute conch cottages to multi-million dollar estates. 


Click here to see what is currently for sale in Venetian Shores. If you’d like to get updates to new listings and sales in this subdivision, sign in after viewing the listings and create a customized personal account. Here you’ll be able to create and save searches, email listings to friends and more. All free, with no obligation and no bothersome emails except for market updates. You’ll find the Log In button towards the upper right hand corner of your screen.