Florida Keys Real Estate under One Roof
Investing in real estate in the Florida Keys has tremendous buyer benefits for the international buyer who wants to diversify. Having worked with buyers from all over the world, I think it is important to mention a few key points that have unique differences for global sales and real estate investments in the Florida Keys.
1) In many countries outside of the US real estate listings are not shared among the real estate agents. A buyer must deal with many real estate brokers in order to find and see what is available in the real estate market to determine the best property. In the US and in the Florida Keys all of the properties listed for sale are combined into one MLS (multiple listing service) which is readily available to a real estate agent who is licensed and a member of the Florida Keys Board of Realtors.
I like to think that I have every great property in the Florida Keys in my personal inventory. I can pull out virtually any property combination that the buyer may want without any prejudice or personal preference.
2) Requirements of the financing banks differ for international buyers as they generally do not have a US credit history or social security number. Banks may require larger down payments and additional closing fees.
3) It is important to have a connection to international attorneys particularly when a buyer is a corporation or an LLC or bringing funds in from out of the US.
4) All information of the buyer and the transaction must remain confidential.
An international buyer should select a real estate agent who has experience and knowledge in dealing with these requirements specific to international sales and finance.
Hair Salon for Sale in Islamorada
Hair Salon for sale in Islamorada is a great business opportunity in the Florida Keys. A profitable, well known hair and nail salon is my newest business listing. Located in the center of Islamorada in the Florida Keys, this particular salon provides all the popular hair and nail services for both men and women, young and old, local and visitors. The leased salon facility is ready to go with the exisitng 6 stations and room for more…that is more business. I don’t know the hair salon business exactly, but I do know that this one makes a profit with low overhead. That is business that I do understand.
Islamorada is one of the prime destinations for weddings. Florists, bakeries, caterers and of course hair and nail salons are sustained with the constant influx of brides. The Florida Keys is the home of so many retirees that the salon caters to it’s older residents as well. Even the local fishing guides need a hair cut once in a while.
This is a great business opportunity for someone to earn a nice income while enjoying the life in the Florida Keys. Best of all worlds.
For more information on other Florida Keys business listing, click here
Palms of Isla condo for sale in Islamorada in the Florida Keys
Oceanfront condo in Islamorada in the Florida Keys on a budget is my newest real estate listing. I have always liked this gated condominium called the Palms of Isla because it is located in the heart of Islamorada with access to fabulous ocean views. I am excited because this one is priced right. You can not beat the listing price of $210,000 making this a great opportunity to buy that affordable Florida Keys getaway or maybe that home you have been looking for in the best of the Florida Keys. I enjoy this location because it places you within walking distance to a variety of restaurants, shops and world famous marinas. It has unobstructed views of the ocean from the pool and most all common areas as well from most balconies. Imagine waking up every morning to panoramic views of the Atlantic ocean and having immediate access to the waters of Islamorada. The Palms of Isla is one of the most popular and most established condominiums in Islamorada in the Florida Keys. This condo complex offers a wide range of activities – swim or snorkel directly from the property, swim in the heated pool or soak in the hot tub at the water’s edge. Bring your kayak and put it in the water using the private boat ramp. If you want to have limited sun exposure, relax or take a nap you can do so under the Tiki in one of the lounge chairs. This is a wonderful condo and so conveniently located in Islamorada you’ll be very happy with your decision to spend your time in The Florida Keys here. This condo can also produce vacation rental income with monthly rentals. Your pets may also be welcome. This property is professionally managed and is a true real estate find for someone who wants to relax in the Florida Keys and not have the hassles of owning a home. This Florida Keys condo unit for sale is price right for the right buyer. This is a great place to bring family and friends to soak up the sun or explore the Florida Keys.
Islamorada Real Estate
When one speaks of Islamorada in the Florida Keys, they are referring to a group of six islands or keys which include Plantation Key, Windley Key, Upper Matecumbe, Lower Matecumbe and the two offshore (non resident) islands Lignumvitae Key and Indian Key. Everglades National Park and the Florida Bay are to the west and and the Atlantic Ocean is to the east. One of the great features of Islamorada is the eight bridges which provide easy access to either the Florida Bay or the Atlantic Ocean. When in Islamorada, neither is far away explaining the nick name given to Islamorada as the “Sportfishing Capital of the World”.
There is a wide range of homes in Islamorada including beautiful condos on Plantation Key and townhomes as Angler’s Way ocean side on Windley Key, special bayfront estates, elite canal front neighborhoods as Venetian Shores (in Upper Matecumbe), Port Antigua and Safety Harbor (both in Lower Matecumbe) spectacular ocean front homes and a varied selection of quaint, non-waterfront properties offering the charm of the Florida Keys. Because Islamorada is a group of narrow islands and land use and development are limited, this makes each property special and extra valuable in the Florida Keys. I love living in Islamorada and as they say…”if you are lucky to live by the water, you are lucky enough ” Live in Islamorada…you are very lucky!
I have created a special real estate search link that will allow one to easily browse property in Islamorada. Islamorada Real Estate Search
Big Pine Key Business Opportunity
With all the positives in the real estate market in the Florida Keys, I am thinking that now might be just the time invest in growing our community. Big Pine Key in the Lower Florida Keys is offering an exciting opportunity to do just that. Monroe County and the city of Big Pine Key have already approved plans for 8 duplex units or sixteen work force homes to be built on the Big Pine Keys property along with the redesign of the existing building to accomodate four separate business areas.
Along with these homes and business areas, there are also approved plans to build a much needed Marine Tech school on the adjacent property. This is an important project that will help the local citizens and bolster the community. A savy real estate developer should find this to be a great business opportunity to invest in as this is one of the undeveloped parts of the Keys that is just itching to be explored in real estate development. This project has been a long time coming….the best part is that the hard work in Monroe County Planning and Zoning has already been done.Project is approved and ready for someone to invest, implement and profit.
These two adjacent parcels now known as Skeeters Marine are located in the lower Florida Keys approximately MileMarker 31 bayside along Highway US1 (no waterfrontage). I have attached below a power point presentation of the project and also a link to the MLS detail with photographs on these two parcels in Big Pine Key. As I am the listing agent on these two properties, I have access to other specific details and information.
Real Estate Agent: Looks vs Value
“Don’t judge a book by its cover” is a metaphorical phrase which means “you shouldn’t prejudge the worth or value of something, by its outward appearance alone”. This has become so true about judging the value of a real estate agent. With the majority of home buyers starting their search for property on the internet, the tools to determine worth and wealth of real estate skills has shifted. With so much information available on the internet concerning the real estate market, it has become so important for the real estate agent to know and be able to direct the home search to the most relevant and reliable sources.
Does the flashy agent with the fancy car have the technology skills and tools to market and sell your home? Does he or she have the stuff to work with a smart, internet savy buyer? Perhaps…but in this world wide web of real estate, when picking an agent….. first disregard the shoes and then check for the iPad.
Condo at Fisherman’s Cove
Living in a condominium has it’s advantages, but this one has all the advantages. Jimmy Johnson’s luxurious Fisherman’s cove in Key Largo in the Florida Keys sports a designer decorated residence with Old Florida charm and unexpected details. I was totally taken by the breathtaking views of the Florida Bay. The amenities went beyond my wildest dreams:
Imagine opening your refrigerator and finding it stocked with all the groceries that you have previously requested
and a gourmet kitchen ready to prepare any meal to perfection
Imagine crawling into your bed made with the highest thread count linens
and wake up to views that you only find on postcards
Imagine relaxing in your spacious tub with rich and glamorous appointments
Imagine access to your choice of two Hydrasports powerboats
Having experienced all this while listing this decedent three bedroom three bath condo, I can understand why Jimmy Johnson said “I’ll never forget the day that I decided to give up a life filled with stress and you will never forget your experience at Fisherman’s Cove”.
This is non just a condo, it is condo living at it’s best……. want to know more?
Getting the Best Mortgage Rate
Mortgages seem to be at a record low these days, but while these rates are advertised, they are not always available to everyone. When buying real estate and purchasing a home in the Florida Keys, several important factors come into play when it comes to qualifying for a great mortgage rate. Showing that you are at low-risk to lenders will bring you the best mortgage rate offer.
According to a recent article in The New York Times, there are several ways for consumers to show lenders that they are low-risk borrowers.
Consider these factors when shopping for the best mortgage rate
1)The higher the credit score, the better the chance of a lower rate. The ideal borrower has a FICO score of 740 or higher said Thasunda Brown Duckett, the senior vice president of Chase Mortgageâ€™s East Region.
2)Property type will be a factor. Higher risk is perceived for property purchased that will be rented out. Duplexes or four unit buildings and even condominiums may have a rate premium added. Commercial properties will have highest rates.
3)A significant down payment can also play a factor in obtaining the best mortgage rate. Higher equity may bring a rate break. At least 25 percent down may bring lower mortgage rate pricing. Ask your lender about options available.
4)The length of the loan will also be considered in a mortgage rate offer. A 15 year fixed rate will be lower than one of 30 years. Consider the proper length of the loan that you need.
5)Transaction speed helps the lender reduce it’s risk. A rate discount may be received in exchange for a shorter lock period.
6)Points or a 1 percent of the loan amount are usually paid to lenders when receiving the lowest mortgage rate. Ask to compare rates with a zero point quote as well.
When purchasing a home and figuring monthly payments, a buyer must consider all the costs of home ownership including property taxes, insurances and maintenance.
Source: New York Times Article (Jan 12,2012)
Islamorada Business for Sale
I just listed a very well known on going custom marine canvas business located in the heart of Islamorada in the Florida Keys. Finding a successful small business for sale in Islamorada in the Florida Keys is a rare and valuable find. The opportunity to buy a business without the major investment of land or a building purchase is great for someone wanting to get into business and stay in business. The present waterfront location of this custom canvas shop available for lease adds to the ease of operation. Only the investment in the equipment, the inventory, the customer base with reputation, trade name and business goodwill makes this a perfect business opportunity for someone looking to relocate to the Florida Keys or for an individual who wants to become his own boss. The well known Captain Canvas in Islamorada specializes in top quality workmanship and superior customer service. The present owner, a local resident has enjoyed the benefits of a local business, earned a very nice income while enjoying life in the Florida Keys building his portfolio of business and waterfront real estate. Looking for retirement, he is an anxious seller ready to show someone the ropes. Love this guy!!
The Right Location in the Florida Keys
When buying real estate in the Florida Keys, several key decisions must be made in narrowing down your search and ultimately determining your best property to own. Price or budget is always a major factor and becomes a driving force in all the other considerations. Location is key factor in this decision. The Florida Keys are composed of a chain of islands together spanning 110 miles. Each island in the Florida Keys offers unique qualities. Key Largo offers closest proximity to the mainland for convenience and services yet famous for diving and snorkeling. Key West at the other end of the island chain has the opposite effect allowing one to be most remote from the big cities where you can hideaway in a unique and cultural city. There are quite a few islands that fit between these extremes offering shades of different island life. Waterfront exposure or accessibility to the ocean or gulf must be considered. Distance to bridges and bridge clearances may or may not be important. Fishing, diving, island life, schools, hospitals, communities are all factors to consider when selecting the right location or neighborhood to focus on when searching for real estate in the Florida Keys. Once these issues are prioritized and blended within the real estate budget, one can begin a proper real estate search. Definitely a visit, vacation or extended stay is a good idea for becoming familiar with the wonderfully unique Florida Keys and its constantly moving inventory of properties for sale. My resources page offers important links to the individual chamber of commerces of the Florida Keys.