Go Back  The Hull Truth - Boating and Fishing Forum > BOATING FORUMS > Dockside Chat
Reload this Page >

Florida Keys Real Estate Question

Notices

Florida Keys Real Estate Question

Old 07-18-2012, 03:36 PM
  #1  
Senior Member
Thread Starter
 
Join Date: Feb 2012
Location: Quaint Little Drinking Village with a Huge Fishing Problem
Posts: 1,259
Default Florida Keys Real Estate Question

Thinking about investing in the lower keys. Perusing through listings and see "Pets: Not Applicable" What exactly does that mean? I'm not talking about buying a condo either. Rather, a nice home on a canal. Preferably a home on an over sized lot in a secluded area.

Anything else that one should be aware of when venturing into the R/E market there?

TIA
Ghetto Lobster is offline  
Old 07-18-2012, 04:03 PM
  #2  
Senior MemberCaptains Club Member
 
Join Date: Jul 2006
Posts: 2,375
Default

We have a home on Big Pine and I believe what you are looking at is a standard form for sale or rental. If it was a rental then it would say yes or no. But since it is a property for sale it's not applicable.
Gottarpon is online now  
Old 07-18-2012, 04:13 PM
  #3  
Senior Member
Thread Starter
 
Join Date: Feb 2012
Location: Quaint Little Drinking Village with a Huge Fishing Problem
Posts: 1,259
Default

Thanks for the reply.. Some places say HOA, some state "pets allowed" "pets not allowed", etc. So I'm unclear. We just have a couple of house cats.

I've viewed quite a few homes on Big Pine. Looks like a nice key. No Name Key looks even more secluded however it seems like limited or no water service (cisterns) and electricity (solar powered appliances). Do you know anything about that area ?

TIA
Ghetto Lobster is offline  
Old 07-18-2012, 04:20 PM
  #4  
Senior Member
 
Join Date: Jan 2007
Location: Lower Florida Keys
Posts: 3,129
Default

Originally Posted by Ghetto Lobster View Post
Thanks for the reply.. Some places say HOA, some state "pets allowed" "pets not allowed", etc. So I'm unclear. We just have a couple of house cats.

I've viewed quite a few homes on Big Pine. Looks like a nice key. No Name Key looks even more secluded however it seems like limited or no water service (cisterns) and electricity (solar powered appliances). Do you know anything about that area ?

TIA
No name is getting electric right now, lots of bitching going on.

One piece of advise from me.
Do not plan on renting short term, less than 28 days, it is against county code. Yes, you will get caught, 100% certain. The neighbors do not want hotels in residential subdivisions!!!
meii is offline  
Old 07-18-2012, 05:58 PM
  #5  
Senior Member
Thread Starter
 
Join Date: Feb 2012
Location: Quaint Little Drinking Village with a Huge Fishing Problem
Posts: 1,259
Default

Thanks. No rental is even considered. Wifey would never go for strangers living in her home. Good news about the electric. What about potable water? Bottled via delivery? Looks like a great place and waaaaaaaaaay off the beaten path. Just what the Doctor ordered.
Ghetto Lobster is offline  
Old 07-18-2012, 06:16 PM
  #6  
Senior Member
 
Join Date: Jan 2007
Location: Lower Florida Keys
Posts: 3,129
Default

Originally Posted by Ghetto Lobster View Post
Thanks. No rental is even considered. Wifey would never go for strangers living in her home. Good news about the electric. What about potable water? Bottled via delivery? Looks like a great place and waaaaaaaaaay off the beaten path. Just what the Doctor ordered.
Not sure about the water but they put the electric poles in last week.

Bpk is a great place to be.
meii is offline  
Old 07-18-2012, 06:54 PM
  #7  
Senior MemberCaptains Club Member
 
Join Date: Jan 2007
Location: coral gables, florida
Posts: 4,920
Default

get a good local realtor to help you, lots of quarky details/issues in all of the keys that local knowledge will help you sort through.

and get a good attorney to help you with the closing.(self-promotion)
alacrity is offline  
Old 07-18-2012, 09:43 PM
  #8  
Senior MemberCaptains Club Member
 
Join Date: Nov 2004
Location: Florida Keys
Posts: 1,211
Default

There are still some good deals in the Keys.

Ask if the owner has a wind mitigation inspection report and a flood elevation certificate on the home. Get them to your insurance agent and get a quote. Generally newer is better as far as insurance goes in the Keys.

Good luck with your search.
beachbum43 is offline  
Old 07-19-2012, 01:30 PM
  #9  
Admirals Club Admiral's Club Member
 
Join Date: Jan 2008
Location: Key west
Posts: 562
Default

I have more than one home there and love the keys. On most of the lower keys there's a lot of skinny water and many areas are not navigable so beware ! Only one insurer exists and if the home is over 1mil. they are out of here on 8/31 with no one picking up the slack yet. Think twice about acquiring a home with no electricity since the temp in the summer averages in the 90's with equal humidity until Oct. so A/c is a necessity!
skindr is offline  
Old 07-19-2012, 02:08 PM
  #10  
Senior MemberCaptains Club MemberPLEDGER
 
Join Date: Feb 2003
Location: Hammond, LA
Posts: 17,418
Default

this looks kinda cool

http://www.realtor.com/realestateand...929?source=web

waterfront too
cgrand is offline  
Old 07-19-2012, 05:18 PM
  #11  
Admirals Club Admiral's Club Member
 
Join Date: Aug 2009
Location: Key West
Posts: 1,330
Default

I think we are past the bottom. Three houses sold on my street this week, all to one guy, each over $1 mill, all cash.
lasik1 is offline  
Old 07-19-2012, 05:33 PM
  #12  
Admirals Club Admiral's Club Member
THT sponsor
 
Join Date: Feb 2010
Location: South FL
Posts: 4,048
Default

I was working with a realtor while i was down there last month just looking for one day in the future. The guy is pretty good here is his email bgprevatt@aol.com his name is Banks Toll Free (800) 488-3050, ext 5264
wellcraft25 is offline  
Old 07-20-2012, 04:55 AM
  #13  
Senior Member
Thread Starter
 
Join Date: Feb 2012
Location: Quaint Little Drinking Village with a Huge Fishing Problem
Posts: 1,259
Default

Thanks for the replies so far gents. Does anyone know what percentage the realtor gets as commission on the sale of residential property?
Ghetto Lobster is offline  
Old 07-20-2012, 06:04 AM
  #14  
Admirals Club Admiral's Club Member
THT sponsor
 
Join Date: Feb 2010
Location: South FL
Posts: 4,048
Default

Originally Posted by Ghetto Lobster View Post
Thanks for the replies so far gents. Does anyone know what percentage the realtor gets as commission on the sale of residential property?
The sellers pay that and commission just depends what agency the realtor works for
wellcraft25 is offline  
Old 07-20-2012, 07:35 AM
  #15  
Senior MemberCaptains Club Member
 
Join Date: Jan 2007
Location: coral gables, florida
Posts: 4,920
Default

Originally Posted by Ghetto Lobster View Post
Thanks for the replies so far gents. Does anyone know what percentage the realtor gets as commission on the sale of residential property?
usually paid by the seller and it is 6%, unless you have a realtor and then it is usually split evenly between seller's realtor and your realtor.

strongly suggest you obtain a realtor. it will help dramatically at no direct cost to you (usually already factored into the seller's asking price).
alacrity is offline  
Old 07-20-2012, 08:45 AM
  #16  
Senior Member
Thread Starter
 
Join Date: Feb 2012
Location: Quaint Little Drinking Village with a Huge Fishing Problem
Posts: 1,259
Default

All good advice so far. Thanks Perusing through tons of listings. Question for you guys in the lower keys; We desire a home on a canal. Do you prefer the Atlantic side or the Gulf side. Any good/bad factors such as trade winds, etc.?
Ghetto Lobster is offline  
Old 07-20-2012, 08:53 AM
  #17  
Senior MemberCaptains Club Member
 
Join Date: Jan 2007
Location: coral gables, florida
Posts: 4,920
Default

atlantic side would be best because you do not have to deal with finding access from gulf to atlantic. no real down side bc of winds since most canals are protected by the houses around them.
alacrity is offline  
Old 07-20-2012, 10:33 AM
  #18  
Senior Member
Thread Starter
 
Join Date: Feb 2012
Location: Quaint Little Drinking Village with a Huge Fishing Problem
Posts: 1,259
Default

Man there are soooooo many gorgeous homes for sale. Must be a real good buyers market. Does anyone know if they are re-assessed based upon the sale price of the property or are the taxes listed pretty much what one would expect to pay. Thanks.
Ghetto Lobster is offline  
Old 07-20-2012, 11:58 AM
  #19  
Senior MemberCaptains Club Member
 
Join Date: Jan 2007
Location: coral gables, florida
Posts: 4,920
Default

usually re assessed on sales price (minus 10%-15%) since it is indicative of market price.
alacrity is offline  
Old 07-20-2012, 12:41 PM
  #20  
Admirals Club Admiral's Club Member
THT sponsor
 
Join Date: Feb 2010
Location: South FL
Posts: 4,048
Default

i dont live down there but have spend enough vacations to know if you fish Atlantic side the most you will want to be on the Atlantic side.

reasons:

tides get high and depending on your boat you might not clear the bridges to cross
gulf side is tricky to navigate
wellcraft25 is offline  

Thread Tools
Search this Thread