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Keys Real Estate going off

Old 06-09-2020, 04:51 PM
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Bang for your buck? Yea I haven’t found anything like it. Sub 1 m buys you junk in KL and IM . But fake 1M and look in sugar loaf big pine even port Antigua and u got much nicer choice.
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Old 06-19-2020, 04:25 AM
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Originally Posted by oceansmasher View Post
Amen ! I'm in construction and try and do quality work but when you bring in illegals the build quality is not there and the builders don't care . I fight it on a daily basis and when the new homeowners complain they just paid over a million dollars for a glorified track home what am I suppose to do.they get pissed.
I am currently building a home in the keys and cant disagree more...the standards can't be any higher.



Old 06-19-2020, 05:14 AM
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Debated moving down to the keys and still do... just don't know about schools for the kids. Homes and views like these though make you wonder. Figure only reason its probably that cheap is that it's a frame. Look at this home I found on realtor.com!

​481 W Indies Dr, Ramrod Key

$849,000 | 5 bd • 3 ba

https://www.realtor.com/realestatean...re_ldp_android

looks like south of marathon there have been some interesting opportunities but man do they go pending and sold fast!
Old 06-19-2020, 05:30 AM
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Originally Posted by jheiii View Post
Debated moving down to the keys and still do... just don't know about schools for the kids. Homes and views like these though make you wonder. Figure only reason its probably that cheap is that it's a frame. Look at this home I found on realtor.com!

​481 W Indies Dr, Ramrod Key

$849,000 | 5 bd • 3 ba

https://www.realtor.com/realestatean...re_ldp_android

looks like south of marathon there have been some interesting opportunities but man do they go pending and sold fast!
I believe that house on W Indies drive is on some very shallow water and could only handle kayaks or very skinny water flats boats.
Old 06-19-2020, 05:36 AM
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Ask Burningdaylight. I believe he lives in that neighborhood.
Old 06-19-2020, 05:37 AM
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this one in my hood has been completely redone after Irma......right on Pine Channel.......not sure 899 is where it should sell

https://www.zillow.com/homedetails/4...45814021_zpid/
Old 06-19-2020, 05:51 AM
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Originally Posted by jheiii View Post
Debated moving down to the keys and still do... just don't know about schools for the kids. Homes and views like these though make you wonder. Figure only reason its probably that cheap is that it's a frame. Look at this home I found on realtor.com!

​481 W Indies Dr, Ramrod Key

$849,000 | 5 bd • 3 ba

https://www.realtor.com/realestatean...re_ldp_android

looks like south of marathon there have been some interesting opportunities but man do they go pending and sold fast!
That is just supports and form framing for poured concrete. That is not a framed house. CBS- concrete block-stucco.

Old 06-19-2020, 05:51 AM
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Originally Posted by ChannelTwo View Post
Ask Burningdaylight. I believe he lives in that neighborhood.


I know that house well, although I've never been inside it. My realtor had the listing when it was at $950K.

It's an odd house. And to answer, you could probably keep a technical poling skiff or a microskiff at your dock. Otherwise, it's got kayak or SUP water access. Gorgeous views, however.

House was built in 1968, and my guess it's had at least one addition added, if not more. Someone has put a ton of money in that house but I'll bet the flood insurance is insane, windstorm is insane. It's a stick built house, on open water, ground level, clearly not up to current wind code based on the age alone, etc etc etc.

If you have $1M to throw around there are some AMAZING houses on oceanside Little Torch, Ship's Way on the bayside of Big Pine, Oceanside Summerland Key, and there's also Cudjoe Gardens where you can probably find something decent in the $1M range. All deep water, wide canals and big boat access. My neighborhood is pretty awesome too, but the channel in/out of this subdivision would limit your vessel size. That said, there's a few pretty big boats in here, you just gotta time the tide.
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Old 06-19-2020, 06:03 AM
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Originally Posted by razzman View Post
this one in my hood has been completely redone after Irma......right on Pine Channel.......not sure 899 is where it should sell

https://www.zillow.com/homedetails/4...45814021_zpid/
Where do you as a local feel it should sell? I too think it's priced high.
Old 06-19-2020, 06:28 AM
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Originally Posted by jheiii View Post
Where do you as a local feel it should sell? I too think it's priced high.
I am by no means an expert but I think given what this house has going for it, it's pretty close to where it should be. Open water views and breezes. Recently updated interior, and it's on a huge lot with plenty of room to park an RV, large boat or add a pool. I could see it sell for no less than $799K but I'd bet more. We paid $520K in June 2018 for our house and even though I've lived in the Lower Keys since 1991 it's my first owned home.

That said, even though it's clearly a nicer home than mine, and on more property, the dealbreaker is no water access. I have beautiful open water views AND my lot is 66' on the canal where both my boats live. My commercial boat is in the water and the center console is on a new 12K# lift. That's worth more to me.

This house will sell to someone who loves the Keys and the view, but not really into boating. I think the insurance would be a nightmare as well but who knows. This house also survived a direct hit from Irma and believe me that says volumes.
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Old 06-19-2020, 06:37 AM
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Originally Posted by jheiii View Post
Where do you as a local feel it should sell? I too think it's priced high.
I'd take this house all day every day over the one on Ramrod. The dock is too small and it would be $100K to add a ton more dockage but you could put a 47' Viking at your house if you wanted to.

https://www.realtor.com/realestatean...-23627?view=qv
Old 06-19-2020, 07:18 AM
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Originally Posted by jheiii View Post
Where do you as a local feel it should sell? I too think it's priced high.
Hard to say, but the $/SF is cray cray.....799??

The one on Peg Leg is really nice....
This one looks interesting, on my canal

https://www.zillow.com/homedetails/5...45813963_zpid/
Old 06-19-2020, 08:06 AM
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If I'm gonna live on that rock my boat is going to be in the water or on a lift behind the house.

Ain't no way in hell would I spend that money per square foot and not have deep water access. There are plenty of places in the Keys where your constrained by draft and still command top dollar per square foot. That wouldn't work for me. Always beware of the access concerning draft. I have had that game played with rental properties down there. 3 feet on high tide don't mean 3 feet on low tide. Or the PVC stake number 3 means to drift over that rock there and be careful. Or, get on plane in the hole and don't drop it down or you will have to idle for a mile.
Old 06-19-2020, 08:18 AM
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we aint got no riots and lo korona...
Old 06-19-2020, 08:19 AM
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Originally Posted by FishHarder View Post
I am currently building a home in the keys and cant disagree more...the standards can't be any higher.


Which key? How has the building experience been?
Old 06-19-2020, 08:25 AM
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I have been toying with the idea for about 5 years now, casually watching values. I really like the lower keys and the rural nature of them. Marathon and parts east seem just to crowded. I just wonder how easy it would be to find long term renters for maybe 2-3 months/year just to cover taxes and insurance.
Old 06-19-2020, 09:50 AM
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Originally Posted by elmo3891 View Post
I have been toying with the idea for about 5 years now, casually watching values. I really like the lower keys and the rural nature of them. Marathon and parts east seem just to crowded. I just wonder how easy it would be to find long term renters for maybe 2-3 months/year just to cover taxes and insurance.
I owned a home in Islamorada awhile back for 4 years. Rented it out a few times and soon realized the problem with local renters.
Most of the locals work in the service industry, such as hotels, marinas and fishing. They are lower wage earners and some of them,
at least the ones that wanted to rent my deep water home, had trouble paying rent. You may want to keep that in mind if you are counting on rent
to help cover your fixed and recurring costs.
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Old 06-19-2020, 09:59 AM
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Originally Posted by cntdr View Post
I owned a home in Islamorada awhile back for 4 years. Rented it out a few times and soon realized the problem with local renters.
Most of the locals work in the service industry, such as hotels, marinas and fishing. They are lower wage earners and some of them,
at least the ones that wanted to rent my deep water home, had trouble paying rent. You may want to keep that in mind if you are counting on rent
to help cover your fixed and recurring costs.
or Instead of renting to locals , you rent it for a few months during the Jan-April snowbird season.
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