Holy @#$% !! Look What's Happening in Our Market! The Latest Numbers Are Out.

Holy @#$% !!

Water's Edge - One of Our Estates Currently for Sale

Look what's happening in our Market.  The latest numbers are certainly eye opening that is for sure. In a comparison of transactions in September 2011 and September 2012, we see a dramatic surge in Sales Prices of 34.7%, Days on The Market decrease of 25% while the quantity of sales remained pretty much constant. Our Average List Price has, as well, leaped a staggering 53%!!!  Open up your wallets ...Momma needs a new pair of Shoes!!
Now some of these numbers are a bit skewed by a run of High Priced $2M Sales, but even with that taken into account, our Market is Smoking!!!

View from our Listing at 4 North Drive in Key Largo

What does this mean?  Well, a couple of things.  First it's a great time for Sellers as properties are selling and at the highest prices and at a pace that we have not seen since the real estate bubble burst several years ago. So an ideal time to put your home on the Market. Paradoxically, this is as well still a great time for Buyers!!  Yes prices have gone up from last year....but money is so damn cheap right now, that if you are borrowing, a good deal of these increases are offset, AND you are still getting homes at a dramatic discount from the Hey Day.
The key, regardless of what side of the transaction that you are on is being armed with the best information regarding today's volatile market.  Work with a LOCAL real estate professional who really knows the market, work with a LOCAL lender if you are financing, INSIST on LOCAL appraisers.  Get to know the Numbers and look at the Comparables.  As Clothier. Sy Syms used to say in his commercials, "An Educated Consumer is Our Best Customer".
Below is our Monthly Market Recap:

Click on image for larger view

Work with an Agents who KNOW the numbers.  Put the experience and expertise of The Keys Real Estate Guys to work for you!

Tropical Chic 

Ahhh God I Love the Keys!!  There is just something about the ambience down here that makes our little chain so damn appealing. The Water, The Breezes, the people, the lack of time and disdain for watches. I can't put my finger on it ...just an inescapable essence that permeates the place.  From Duval to Ocean Reef and all Ports O' Call between. It's no wonder why so may heavy hitters have been beckoned to our shiny shores, hypnotized by the Siren's call of an eternal 5 O'clock Somewhere. Hemingway heard it....Zane Grey wrote about it, Jimmy  Buffett sang about it.  Hell, even Jay Z and Beyonce delight in our Oasis. Well now you have a great opportunity to grab your own slice of our Key Lime Pie. Check out the details on my latest waterfront listing:

4 North Drive, Key Largo

List Price $ 960,000
2 Bedrooms + Studio  / 3 Bathrooms
Description: Tropical Chic! Everything you could want in a Florida Keys Home! Wide Water Views, Exceptional Finishes, Superb Dockage, and Caribbean Elegance.  Come home to comfortable living spaces accentuated with Stone-worked bathrooms and a Granite and stainless Kitchen. Kick back and relax or Entertain, this turnkey 2 bedroom plus Studio home is perfectly suited for both. World Class Fishing and Diving are mere minutes from your custom built Dock.  A quick drive from the Mainland but an entire World Away!!

* Wide Water Views

* Ample Deep Water Dockage and Electrical Hookups

* Updated Throughout

* Impact Glass

* Gourmet Kitchen with Granite and Stainless

* Boathouse

*Offered Partially Furnished

*Gated Entry with Pavers and 2-Car Garage

* Minutes From Your Dock to World Class Fishing and Diving

* Barefoot Elegance

VISIT THE VIRTUAL TOUR HERE!!!

Put the experience and expertise of The Florida Keys Real Estate Guys to work for you! For more information on the outstanding real estate opportunities that exist in the Keys, call  us today!

Another Keys Estate Pops for $2 Million....Seeing A Trend Here!

Two Million has become the magic number in the Upper Keys lately when it comes to estate sized parcels!  As you will note in several of my previous entries, we have had a recent run on lovely waterfront estates as of late, and they all seem to hover right around  the $2 Million mark. Add to that, the recent sale of an Islamorada Hotel at that same range and we are really seeing a benchmark number.   The interesting factor is that we are noticing an interesting mix of Buyers.  International and Domestic.
This latest Sale, listed by and sold by, my friends Joy Martin and Joel Young respectively is another of those breath taking...I want it now..I could live here forever...When can I become a squatter until the Sheriff physically removes me, kind of locations!!!! Over 4 Acres of  Private Bayfront. Stunning vistas and lovely Sunsets that signify all that is great about our unique oasis.  A Separate super cool boathouse and custom cut boat slip, Chickee, and dock are some of the extras that await.

4-Acre Estate

The existing home is in need of updates, but hey, you have 4 Frigging Acres for just $2 Mill.  Build Xanadu if you want to!  Put this very same package in Miami and you have a $15 Mill price tag. Trust me I know.  I spent 15 years selling in Coral Gables and Coconut Grove. I keep evangelizing because it is so very true, The Keys are an awesome place to put your money and more and more wise buyers, both foreign and domestic are heeding the call.  So, Pony up your $2 Mill and let me help you grab your own slice of paradise!! $2 Mill too steep?? How about navigable waterfront homes in the upper $200s and even 300s?? In the Keys, we have something for everyone!

Work with  agents who KNOWS the numbers. 

Put the experience and expertise of The Florida Keys Real Estate Guys to work for you! For more information on the outstanding real estate opportunities that exist in the Keys, call  us today!

The Heavy Hitters Are Hittin' Hard!!! Another $2Million+ Home Sells in Key Largo!

The Heavy Hitters Have Come to Play!!!

Your Own Private Oasis Is Beckoning

National and International Buyers are recognizing what obscenely great values we have here in the Keys, and the latest run of Luxury Sales in Key Largo is certainly evidence of that. With several sales in the $2Million range in the last 30 days, Key Largo is on fire.  And why shouldn't it be?? Phenomenal Sunsets and Sunrises, exceptional Fishing and Diving minutes away, and a laid back attitude are just some of the reasons that our little oasis is attracting so much attention.  That, and your investment is much safer in the US, than in other competing ports of call such as Mexico, Jamaica, or say Costa Rica.

This is the ideal time to sell in all phases of the pricing column.
This latest Estate that has closed is another Bayfront jewel that leaves you oohhhing and ahhinhg  like some bad Cinemax adult movie you'd see in a Motel 6 (Not that I would know anything about that).  Almost an acre of land and third of an acre of Bay bottom.  Simply magical.  

96130 Overseas Highway, Key Largo

List Price: $2,999,999 / Sold Price: $2,750,000 4 Bedrooms / 3 Bathrooms Mile Marker 96 Description: ''Lazy Palms'' This one has it all! Updated 4BD/3BA, downstairs AND upstairs master suites, open floor plan looking out to the gorgeous Florida Bay sunsets, infinity pool, sandy walk-in beach and 150' dock with boat lift. What more could you ask for?!
View Detailed Brochure with Photos
View Mapped Location
View Available Waterfront Homes in Key Largo $1M +

Put the experience and expertise of The Florida Keys Real Estate Guys to work for you! For more information on the outstanding real estate opportunities that exist in the Keys, call  us today!

What Does $2Million Get You in The Florida Keys??? Your Own Slice of Paradise! Just Closed in Key Largo.

OK Time to get this Blog back to real estate.   Mini Season is over, the "bugs" have been caught and it's time to pay some bills! And This incredible estate is the perfect place to start! EVERYTHING you would want in a Keys Oasis. Gated Community, Your own sandy beach, amazing views that  capture our famed sunsets, exceptional dockage, and an exquisite home rich in details and finishes.
Located on Coastal Drive in Key Largo, this home belongs to one of only a few gated enclaves.  Each of the homes a magnificent estate with values from 1.5 to over 5 Million Dollars. This estate was just purchased by a very good friend of mine, also a real estate professional, and I am certain she and her family will be enjoying it immensely.  I am also certain I will be popping by as much as I can...to borrow sugar, borrow a knife...borrow the home!!

The Keys have properties to suit every budget and that is one of the kicks I get in doing this job.. In every range there are oases to be found.  Little slices of our unique paradise.  Some Grand and enthralling and some just this side of hillbilly, yet still loaded with that Keys-z Charm.  Whatever you are looking for is sure to be found, just cross the bridge (be it Cardsound or Jewfish), take a deep breath...hold it ... and breath in The Keys.  It's always Five O'clock here, a land of eternal recreation, natural beauty, and home to Writers, Poets, Pirates, Fishermen, Movie Stars, and average Joe's , and homes and Estate's like today's deal that will take that breath away!  
113 Coastal Drive, Key Largo List Price: $2,200,000 / Sold Price $1,900,000 3 Bedrooms / 3.1 Bathrooms Mile Marker 97 Description:: BEACHFRONT TREASURE. This custom built home has three bedrooms plus an office and recreation room. It is located in a gated community of only 15 waterfront residences. The combination of a white sand swimming beach and deep water dockage is hard to find anywhere in the Keys. The home was built in 2003 and features marble floors throughout, hand made wrought iron interior railings, Anderson high impact windows and doors and a fabulous kitchen. The top floor master suite is extremely roomy with its own sitting area, a big walk-in closet, a sunny master bath, a separate office area and a private balcony. The main level has two bedrooms and a balcony in addition to the kitchen, dining and living areas. On the ground level there is a big storage room, a bar and a shady patio with a built-in tiled grill area. The interior and exterior ground level floors and the circular driveway are all old Chicago brick.

The dock has a 16,000 lb. boat lift plus a lift for a small boat or two wave runners. From here you will enjoy watching the dolphins swim by, ever changing watercolor views and sunsets all year long. This home was featured on the Key Largo Chamber of Commerce Home Tour in 2004 and was voted Best Home.
 View Detailed Brochure with Photos
View Mapped Location
View Available Waterfront Homes over $2M

Put the experience and expertise of The Florida Keys Real Estate Guys to work for you! For more information on the outstanding real estate opportunities that exist in the Keys, call  us today!