Key West Real Estate - Inventory Down, Prices Stabalizing

Trends in Key West’s real estate market reflect a different climate for buyers and sellers than in the recent past. Today, there are only 518 active properties for sale when there were more than 1100 active listings.

Why the big reduction in inventory? The short answer: properties are selling, and prices are stabilizing. July 2010 saw a 17% increase in the median sale price compared to July 2009.

Read the full real estate market report for Key West.

The Rudy Molinet team at Marquis Properties Realty has placed nearly $20 million (transaction sides ) under contract from January through August 2010, almost matching our total for 2009. “We are excited to see this upward trend,” says Broker Rudy Molinet. “ My partner Harry Hoehn and I have sold more Key West Real Estate this year than any other of the nearly 400 active Key West Realtors.”

People always ask Molinet the secret to his agency’s success.

"It’s pretty simple, Molinet says: price listings to sell! We work with buyers by providing them with market information to support the listing price. And we follow up with our marketing expertise – along with hours of hard work, aggressive advertising and an enhanced presence on the internet."

Prestigious Foundry Townhome For Sale

Truman Annex Home Offers Key West's Best

Gorgeous upscale renovation the prestigious Foundry Townhomes at Truman Annex in Key West offered for sale. The new owner of this two bedroom, 2.5 bath home will enjoy the designer kitchen with Silestone countertops and high ceilings. You can't miss the pride of ownership throughout this elegant residence. The home opens onto a lush, tropical courtyard and the private balcony expands your living space. This offers the best of Key West outdoor living. It's just steps to the beach, Mallory Square and the restaurants and attractions of Duval Street. The property is eligible for Truman Annex transient license. More photos and details on this home.

101 Front Street #11, Key West, FL
2 Bedrooms 2.5 Bathrooms
US $619,000

Call Rudy Molinet directly: 305-240-1090.
More Photos:

Truman's Little White House On Video

Anyone in love with Key West's beautiful historic homes has probably visited the Little White House. But if you aren't lucky enough to have traveled to Key West, this video will give you an inside look at Harry Truman's beloved retreat.

The Little White House was built in 1890 on the waterfront as a duplex to house the base commander and paymaster - and served in the Spanish American war as command headquarters. The house is no longer waterfront, though as the harbor was dredged in 1909 to accommodate the Navy’s larger fleet. In 1911 it was converted to a single family dwelling.

In addition to its most famous resident, Harry S Truman, it was a home for
Scientist Edward Hayden, who served as base commander from 1912 to 1915 and was involved in hurricane research. Later, inventor Thomas Edison resided in the historic home for six months in 1981 while developing new weapons for the war effort.

More on the history of the Little White House.

To find your perfect Key West home, call Rudy Molinet Direct: 305-240-1090.

Molinet Team Breaks Records For Key West Real Estate Sales

The Rudy Molinet Team is proud to announce record sales for 2010. For the year to date, 2010, we have placed more than $17 Million under contract in transaction sides. Key West real estate is hot!

Of course, we owe a big “Thank You” to our clients and customers for this success. The sales activity at Marquis Properties has surpassed all previous records and we continue to grow.

One of the most interesting recent sales was the Gideon Lowe House, at 409 William Street. This prestigious historic home was awarded a coveted ceramic star for historic preservation. The four bedroom, 3.5 bath home was carefully restored with high quality finishes and details. Dade County pine walls, hardwood floors, and high ceilings grace the large open floor plan. SOLD FOR: $1,700,000. Details and photos: http://www.rudymolinet.com/409william.html.


Other highlights of recent sales include:

1010 Elgin Lane, Key West, FL ()
Adorable Elgin Lane Beauty
3 Bedrooms 3 Bathrooms
SOLD FOR: $800,000

163 Front Street, Key West, FL
Hidden Truman Annex Gem
2 Bedrooms 2.5 Bathrooms
SOLD FOR: $700,000

106-9 Southard Street, Key West, FL ()
Shipyard Luxury Condo
1 Bedroom 1 Bathroom
SOLD FOR: $320,000

1410 Duncan Street, Key West, FL
Arts District Historic Treasure
2 Bedrooms 2 Bathrooms
SOLD FOR: $620,000

620 Thomas St., #190, Key West, FL 33040
Poolside Oasis
2 Bedrooms 1 Bathroom
SOLD FOR: $410,000

More information on pending transactions and recent sales.

If you have a property to sell in Key West call Rudy directly at: 305-240-1090.

Lovely Key West Townhome Priced To Sell

Find Paradise in Paradise! My latest listing is a gorgeous 2-story townhome/condo in the prestigious gated community of Porter Court in Old Town Key West’s exclusive Truman Annex. The townhome enjoys an airy, open floor plan, and its own private yard. A second floor balcony affords great views of the pool and courtyard.

Residents of Porter Court, a gated community of 19 homes within Truman Annex, enjoy the private pool and hot tub among beautifully landscaped, tropical gardens. The unit is eligible for a Truman Annex transient license.

Be close to everything, yet tucked away. Porter Court is located just a short easy walk distance to Fort Zachary Park’s beaches and to the shopping, dining and nightlife of Duval Street.

One of the better values in Truman Annex, this unit, which is eligible for a transient license, is priced to sell at $699,000. Find more details and photos for this desirable Key West home, or call Rudy Molinet today at: 305-240-1090. Search the Key West MLS.

402 Porter Lane, Key West, FL
2 Bedrooms 2.5 Bathrooms

Two Historic Gems in Old Town Key West

Two beautifully renovated historic Key West homes showcase the tropical paradise lifestyle the Southernmost City has made famous.

720 Passover Lane, Key West, FL
Hidden Historic Oasis
2 Bedrooms 1 Bathroom
$595,000

Manhattan meets Key West at 720 Passover Lane. This beautifully renovated historic home nestled at the end of a quiet Old Town lane has wonderful vaulted ceilings in the main living area, an open floor plan and chef's kitchen. Through the bright and airy dining/family step into the gorgeous, tropical garden. Lovely master suite with loft and bathroom ensuite, bamboo wood floors and lots of decorator touches. Granite floors add elegance, stained glass accents and Rick
Worth painted doors add Key West Charm.

1410 Duncan Street, Key West, FL
Arts District Historic Treasure
2 Bedrooms 2 Bathrooms
$749,000


This Gorgeous renovation has restored to original splendor this historic home in the highly desirable Arts District of Old Town Key West. The two, bedroom, two bath home boasts hardwood floors, high ceilings, Dade County Pine walls and a lovely eat-in gourmet kitchen. The stainless steel appliances include a gas range. Off the spacious, private master bedroom enjoy the delight of an outdoor sky shower amidst the tree tops. A lush tropical yard with an inviting pool, covered off street parking and a quiet, central location make this home a Quintessential Key West Historic Treasure.

Search Key West’s MLS or call Rudy Molinet today, 305-240-1090, to find your home in Paradise Key West.

Key West Real Estate- Great Houses, Great Food

The Key West Real Estate market is so lucky to have so many choices for fine dining. One of the things my clients always ask me is "where is a good place to have dinner tonight?" So we decided to write some info on our website about Key West Restaurants.

One of my favorite Key West restaurants is Sarabeth's on the corner of Southard and Simonton Street. They offer delicious food, impeccable service and a wonderful tropical ambiance. The owner David Case is the ultimate host!

Rudy Molinet is a Top Producing Key West Realtor who specializes in Key West Real Estate in the Key West Historic District.

Rudy will be there every step of the way to help you find that gorgeous Key West Home for Sale. Please contact Rudy at 305-240-1090 or via email at rudy@rudymolinet.com or on his website http://www.rudymolinet.com/