Florida Keys Real Estate Guide

June 2017

This property presented by

For more info on this property see Pg 5

305-481-6887 309 Key Colony Beach Causeway Key Colony Beach, FL 33051

www.GailsIslandrealty.com

LIST TO SELL! CALL GAIL TODAY!

210 15th Circle • Key Colony Beach • $1,100,000 Fabulous Ocean Sunset Views. This 3/2.5 Mediterranean-style home provides 2,400+ sq. ft. of living space in a peaceful setting Magnificently landscaped with a private park fronting the property. Upgraded kitchen, two large pantries and laundry room.

Spacious master suite includes bath with whirlpool tub for two, oversized shower and double vanity. French doors lead to private screened lanai Upper level has wood tongue in groove/beam vaulted eilings. Oversized garage, work room w/AC and plenty of storage. Beautifully landscaped grounds include sprinkler system, foliage lighting, heated swimming pool and waterfall spa.

800 12th Street • Key Colony Beach • $1,500,000 Rare Gem! Experience PRE-FIRM luxury home with stunning interior recently completed designer everything!! Low insurance rates on 112.5 ft. seawalled Waterfront, 1 & 1/2 lots. 4/3, pool, Jacuzzi, tiki hut, RV parking and new boat elevator. Three minute boat cruise to Open Ocean and three minutes to the Vaca Cut and Gulf. Gorgeous pool home on luxurious 12th St Key Colony Beach.

Say Say No No To To Rugs.

Rugs.

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Unlike those sample stores, we stock Unlike those sample stores, wewe stock Unlike those sample stores, stock hardwood, laminate, vinyl, carpet and tile hardwood, laminate, vinyl, carpet and tile hardwood, laminate, vinyl, carpet and tile so you can buy today and actually take your so you can buy today and actually take your so you can buy today and actually take flooring home with you. Come see why at your flooring home with you.

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Come see why Just a Dollar Floor, we ask, Why Pay More?

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(305) (305) (305)451-0586 451-0586 451-0586 JustADoIIarFIoor.com JustADoIIarFIoor.com JustADoIIarFIoor.com

101961 Overseas Highway (MM 102) - Key Largo, Florida 101961 101961Overseas OverseasHighway Highway(MM (MM102) 102)- -Key KeyLargo, Largo,Florida Florida

Why Why WhyPay Pay PayMore?

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More?•••Open Open OpenMonday Monday Monday-- -Saturday Saturday Saturday8AM-6PM 8AM-6PM 8AM-6PM

Tranquility Bay Beachfront Resort Ownership Opportunities.

FEATURING SPACIOUS WATER VIEW, WATERFRONT AND BEACH FRONT HOMES. Two and three bedroom homes to comfortably accommodate your family and friends.

Our Broker and Realtors take great pride in this property and our extensive knowledge of how it works. Experience is the key, and we have been involved since day one!

Call us today to inquire into ownership at this breathtaking , Income generating investment property.

58 Tranquility Way MLS# 574953 • $459,000

36 Tranquility Way

22 Tranquility Way

MLS #574057 • $949,000

MLS # 574411 • $629,000

RED

UC

ED

83 Tranquility Way

87 Tranquility Way

25 Tranquility Way

MLS # 574287 • $819,000

MLS # 574217 • $839,000

MLS# 574032 • $499,000

305-923-5658 www.hawkscayrealty.com YOUR INVESTMENT PROPERTY SPECIALISTS.

ON THE COVER

29550 W. Cahill Ct $5,490,000 Colossal Atlantic Oceanfront Estate.

This impressive resort style property has been featured on popular international television shows ‘’The Travel Channel’’ and National Geographic ‘’Fish Tank Kings’’ 6100 + sq ft of living area including separate guest house.

A breathtaking 25k gallon built in salt water snorkeling aquarium and White Sandy Beach, situated on over 31,000 sq ft of private peninsula that is a short boat ride to the world famous Little Palm Island.

Modern Excellence consists of approximately 7000 sq. ft. of living area, which includes a spacious guest quarters above the 4 car garage. After sunset the excitement really begins. Colorful lighting scenes, fiber optics, soothing music along the multiple lighting mood settings transform the home into a visual fantasy.

Beach entry swimming pool with rock waterfall is a master piece in its self and rests between the main house and the guest quarters. Beach sand and, and swaying palm trees supporting hammocks reinforce the island atmosphere Located on the ground level and awaiting your arrival is a twentyfive thousand gallon aquarium stocked with a colorful variety of marine tropical fish. Your choice of bridges takes you to the center island where you can put on your snorkeling equipment and swim with all the marine inhabitants.

MMXVII

Marathon Weekly 9709 Overseas Hwy. Marathon, FL. 33050 P. 305.743.0844 F. 305.743.0866 Key West Weekly 5450 MacDonald Ave. Suite 5 Key West, FL. 33040 P. 305.453.6928 F. 305.509.7347 Upper Keys Weekly 91831 Overseas Hwy. Tavernier, FL 33070 P. 305.743.0844

Publishers Jason Koler jason@keysweekly.com Britt Myers britt@keysweekly.com Account Executives Lesley Aaron lesley@keysweekly.com Anneke Patterson anneke@keysweekly.com Hollie Will hollie@keysweekly.com

Office Manager Char Hruska char@keysweekly.com Art/Design Travis Cready travis@keysweekly.com Javier Reyes javier@keysweekly.com

RICK LIVELY & JEANETTE SILVESTRI Luxury Property Specialists COLDWELL BANKER SCHMITT livelyproperties@gmail.com 305.797.7233 or 305.619.0112

Natural lighting is also individually controlled electronically by 72 Hunter Douglas automated blinds. Many other features including advanced HVAC systems, make this home truly State of the Art. Roof top observation deck offers breathtaking Sunrise and Sunset views from the comfort of your private hot tub. This property is simply amazing!

June 2017 keysweekly.com

5

Selling ALL of Key West right from the beach!

Key West by the Sea 2601 South Roosevelt Blvd.

Across from Smather’s Beach

111B • 3 BR/2BA • $594,000 Stunning renovation • Granite & Stainless kitchen Expanded lanai with lush plantings • CAIR Corner unit with extra windows

316C • 3BR/2BA • $579,000 Completely & beautifully renovated • CAIR All new granite/stainless kitchen • New tile throughout Beautiful courtyard & pool views with some ocean peeks

#221C • 3BR/2BA $549,000 3BR/2 BA Bright open condo with beautiful views of the aqua pool and lush green palm trees.

Efficient kitchen with lots of light.

Century 21 Office

Patricia McGrath Onsite Agent

781-249-6623

KeyWestPattyMcG@aol.com Selling Key West & FL Keys!

Century 21 Master’s Ruby Award 2014 Century 21 Master’s Emerald Award 2015

Call to see other condos for sale on the beach ranging from $300k to $1.2M

“The Booth”

sea for yourself.

350 Sprawling Feet of Private Sandy Beach | Ocean Views | 80' Resort Style Pool | Smart Home | Private Residence Elevators

An uncharacteristic tropical retreat, Maison Residences was designed from the onset to defy convention. Comprised entirely of new architecture, nothing of its kind has been constructed here in nearly 25 years, making it an extremely coveted offering—and every bit worthy of the island mystique that surrounds it.

T (786) 802-1837 | W maisonresidences.com

80639 Old Highway, Islamorada, FL 33036 Completion Slated for 2018 | Developer Office Open Mon–Sun

COMPANIES

Break the vicious cycle!

Set yourself free from continuous concrete repair

CGC 1515665 CFC 1428730

305-735-4042 6677 Overseas Hwy

If you are having trouble growing a garden in the Keys...

Find out why our customers grow so much more!

• Organic Nutrients • Bio Mineral Nutrients • Organic Teas • Beneficial Bacteria • Organic Pest Control • Coco & Soiless Growing Mediums • Organic Soil • Water Filtration

Open Mon–Fri 10A – 5P • Sat & Sun 10A – 4P • 305-872-7277 • KEYSHYDRO.COM Conveniently located one block behind the Lower Keys Chamber of Commerce, 85 Industrial Road, Units 1 & 2 • Big Pine Key

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| Florida Keys Real Estate Guide

Precision Pavers Out Door Living Spaces

Belgard Brick • Tremon Clean & Seals Old Castle Coastal We will make your driveway look new again.

Brick Driveway • Pool Decks Patios • Retaining Walls Free estimates.

305-896-3599

Super Agent Ben’s Father’s Day Deals!

124 Sunrise Drive

Direct Oceanfront. Owner built this 5,000+ sq.ft direct Oceanfront pool home. N details have been spared in this 5/5 custom designed home. ½ acre oceanfront for privacy plus protected dockage and 97’ seawall with boat lift. Lush lawn w/irrigation system, natural cut coral decking and paver driveway.

Chef’s kitchen, media room and office. $3,250,000 MLS 57225

611 101st Street, Ocean

Roomy Pool Home! Great CBS 3 bedroom 2 bath Pool home with huge playroom/gym/mancave downstairs. Master bedroom with big closets, custom shower and private office. Quiet street with no neighbors across the street. Centrally located in the heart of Marathon. $799,000 MLS 569151

58622 Overseas Hwy, Grassy Key

Recently remodeled vacation estate. Open Water (beach) pool, bar, guest quarters, 8 bed/8 bath and much more.

This would make a great investment/second home. There are very few beach front properties with multiple properties on one large lot. Bring your paddle boards, kayaks, jet ski and start living. $1,599,000 MLS 575048

227 S. Angler Dr., #404

Luxury Living for the Fishermen! This beautiful 3/2 condo boasts amenities second to none. Private 45-foot dock with 17k lb boat lift and quick boating access to the Ocean or Gulf. Garage with separate storage area, trailor lot and private boat ramp. Large heated pool and tiki. Home boasts updated kitchen and bathrooms and large closets. No rentals allowed. Perfect for full time owners or seasonal owners that want peace and quiet. $650,000 MLS 575666

BEN DANIELS

2699 Sombrero Boulevard

Waterfront and Golfcourse! Great 3/2 home has over-sized lot, heated in-ground pool with brick pavers, jacuzzi, and wet bar. The 40 ft dock has 13,000# boat lift and additional room for larger vessels. Kitchen and both baths have updated and remodeled. Complete walk-around balcony with back of home screened in for evening meditation. Home has tropical plants, golf course views, kayak launching pad, and great canals to enjoy. $925,000 MLS 575737

496 JAMES AVENUE

Great Starter Home! First time on the Market in 10 years. This 3 bedroom 2 bath home is a hidden treasure in the middle of a cul-de-sac. Home has been rented for over 3 years and now available for sale. Open floor plan, great balcony, low taxes and insurances. $369,000 MLS 574708

Cell/Text: 305.395.2723 Office: 305.735.4095 Remax33050@gmail.com

Tewes Mortgage

Your local, residential lending expert!

Call 305.495.6000 for a FREE Consultation

Brian Tewes

Customer service is my strength Brian@tewesmortgage.com NMLS# 375025 Tewes Mortgage NMLS# 1453791 NMLSConsumerAccess.org

www.TewesMortgage.com 10

| Florida Keys Real Estate Guide

Repairs Installation Commercial retaining walls Brick Cleaning and Sealing 305.304.9232

paverdaveinc.com License #SP3573

COMPANIES

CGC1521939

CGC 1515665 • CFC 1428730

New Constructions Remodels/Additions Kitchens/Bath Impact Windows

Spalling repairs Plumbing Foundations Modular Homes

Ecopools Inc. RP252554741

Concrete Pools & Spas

CCC1328153

Residential & Commercial

305-735-4042 6677 Overseas Hwy

EC 13005589

Residential & Commercial June 2017 keysweekly.com

11

inancing home repairs or remodeling costs at closing Imagine finding the perfect home to purchase, but it could use some repairs/updating or has code violations that need to be cleared up before a lender will loan on the property. Perhaps you don’t have the ability to pay cash for the property or have the funds to update the property. Are there any options that will allow you to purchase the home? The good news is YES. There are renovation or rehabilitation (rehab) loans that will allow you to not only acquire the property, but also make necessary renovations/repairs.

— Brian Tewes is a licensed mortgage broker and president of Tewes Mortgage and offers free consultations. He can be reached at 305.

495.6000 or Brian@tewesmortgage.com.

FHA Limited 203(k)

12

With a rehab mortgage loan, money is set aside for repairs and placed in escrow at the time of closing, allowing everything to be completed in a single transaction. Rehab mortgages allow buyers to borrow based on what the house is expected to be worth after the renovations are completed.

Homeowners can also use rehab mortgages to refinance their existing mortgage plus the renovation costs into one loan.

The three major rehab loans are the FHA 203k Streamline, FHA 203K Standard and the Fannie Mae Homestyle. They each have different criteria as far as what is allowed and the different types of properties and rehab that can be done. See the table below for a snapshot of the different loan programs.

Call me for more information and to understand these loan programs and determine if you qualify.

FHA Standard 203(k)

Fannie Mae HomeStyle®

Government

Government

Conventional - Fannie Mae

Single Loan Renovation

Single Loan Renovation

Single Loan Renovation

Purchase or Refinance - Expands Home Purchase Choices!

Purchase or Refinance - Expands Home Purchase Choices!

Purchase or Refinance - Expands Home Purchase Choices!

Primary Residence – Single Family Residence, PUD, FHA approved Condo, 2-4 units & REO

Primary Residence – Single Family Residence, PUD, FHA approved Condo, 2-4 units & REO

Primary Residence, 2nd Home, Investment Property and condos

10% Contingency Reserve

10% Contingency Reserve & 10% per draw

N/A

N/A

Up to five (5) total draws allowed in a six N/A month period

Allowable Improvements: Kitchen or bath remodel, replace roof, upgrade heating, replace plumbing, windows, doors and much more! (Structural work not allowed) $35,000 cap must include fees. (No luxury items)

Allowable Improvements: Structural alterations and additions, kitchen or bath remodel, replace roof and much more!

(No luxury items)

Renovation cost limited to 50% of the “as-completed” value. (must be built- in and add value) – LUXURY items such as outdoor BBQ & pools allowed!

No minimum dollar amount in repairs

Minimum $5000 in repairs

No minimum dollar amount in repairs

Work plan provided by borrower required. Work Write-up NOT required

Work Write-Up required

N/A

203(k) loans are based off the sales price or as-is appraised value + repair amount OR 110% of the “as-completed” value, whichever is less.

N/A

| Florida Keys Real Estate Guide

Providing authentic Keys experiences in style and comfort Fish Camp

• Newly redecorated Keys compound • Over ½ acre fenced in land • 5 bedrooms & 3 baths • Oversized tiki pool side • Heated pool • 5 boat slips • 1 mile from Coco Plum Beach • Dog friendly

Tarpon House & Yellowtail House • Colorful keysey charm

• 2 homes (4/3 and 3/2 ) can be reserved separately or as a compound • 2 heated pools • 2 Commercial ice machines • Private canal with ocean access • 75’ dockage (X 3), with water, power and nighttime fishing lights • Floating dock with kayaks

Professional management missioned to provide an extraordinary backdrop to your unforgettable island vacation

www.floridakeysvr.com

• Dog friendly

Grouper House

• Gorgeous and high luxury new construction • Private boat ramp • Elevator • 4 master suites • Each bedroom suite has its own coffee bar and wine bar • Patio access from every bedroom • 100’+ of dockage with water, power and nighttime fishing lights • Commercial ice machine • Oversized heated pool with splash deck • Walking distance to Coco Plum Beach • Dog friendly

Contact Kim for reservations and more information. kmportner@gmail.com • 305.916.8668

BEAUTIFY ANY EXISTING C O N C R E T E S U R FA C E Have an award winning Keys artist, Ed Moran, design and resurface your concrete at a fraction of the cost of replacement.

Our Concrete Resurfacing System Can Change The Look of Any Existing Concrete Surface, Preserve & Protect It STAMPED CONCRETE

• Concrete Stamping & Sealing • Limitless Colors & Designs • Stain, Mildew & Oil Resistant • Acid Staining & Sealing • Pool Decks/Patios • Driveways • Commercial Floors

Factory Authorized Dealer • Licensed & Insured SP#3136 • FREE ESTIMATES

ARTISTIC CONCRETE DESIGN CORP. For more information go to www.keysdecoconcrete.com or call 305-923-0654

CONCRETE

DEVELOPMENT OPPORTUNITY

Beach Front / 5.91+ Acres Ready to Build Single Family-Condo-Town Homes Mile Marker 57.4 • Overseas Hwy. – Marathon, FL Keys

Zoned MIX-USE Residential

and Commercial

FOR SALE Water view from beach!

Development land and building opportunity with Breathtaking Panoramic Views. No other property compares to this one for miles in either direction on the Highway!

Breathtakenly beautiful sunrises!

This buildable site is located less than seven minutes from the main downtown area of Marathon. Secluded yet accessible to all the activities and accommodations the Florida Keys offers to its visitors and residents.

LOCATED ON MAIN HIGHWAY WITH GREAT EXPOSURE TO THOUSANDS OF CARS PER DAY. TOTAL SIX (6) LOTS WITH BEACH-WATERFRONT, CITY ALLOWS FOR 6 RESIDENTIAL UNITS PER ACRE.

Aerial view of property including ocean bottom ownership.

Six (6) lots in blue borders

CALL 305-890-3235 Howard Leitner

Florida Keys International Realty

Royal Furniture & Design...

3 Keys Locations!

FURNITURE • INTERIOR DESIGN • WINDOW TREATMENTS ALL THE BRANDS YOU LOVE:

Bassett Tommy Bahama La-Z-Boy Sealy Lexington Ashley Hunter Douglas Natuzzi Stearns & Foster Tempur-Pedic & More

d n i f u o y After ece of Paradise... your pi come see us!

KEY LARGO

MARATHON

KEY WEST

305-451-5700

305-743-4397

305-295-6400

MM 99 in the Median

MM 50 Oceanside

Next to Publix, Searstown

www.RoyalFurnitureAndDesign.com