247 Bay Drive – A Surprisingly Strong Value in Key Largo

I regularly write about my active listings, but this one continues to surprise me. After several showings where I genuinely expected an offer to follow, 247 Bay Drive is still available — and it’s worth a closer look.

The main house is a 3-bedroom, 2-bathroom concrete block home, all on one level, in clean condition and located on a quiet, fully fenced property. That alone would be hard to find for under $650,000 in today’s market — especially with an X flood zone. But this property also includes a detached concrete garage with a 1-bedroom, 1-bath guest apartment above, all on four combined lots totaling approximately 10,000 square feet.

The Sum of the Parts

View the full listing

In addition to the main home, you get an oversized lot with street-to-street access, two separate driveways, and mature landscaping. The guest quarters are fully enclosed above the detached garage, providing flexible space for extended family, guests, or even a private office or rental setup.

If you break it down:

• Clean 3/2 CBS home in the X-zone – realistically $650,000 on its own
• Detached garage with upper-level guest suite – worth at least the additional $224,000
• Four lots = extra land, privacy, flexibility

It’s difficult to find this combination of features anywhere else in Key Largo at this price point - here are all non-waterfront homes for sale in Key Largo for comparison.

Video Highlights

🎥 Check out the full video tour here:

Features At a Glance

• 3 Bedrooms / 2 Baths (Main House)
• 1 Bedroom / 1 Bath (Guest Suite)
• Detached Garage
• Approx. 10,000 sq ft of land (4 X-zone lots)
• CBS construction throughout
• Enclosed patio off the primary bedroom
• Fully fenced with two gated entrances
• Convenient to shops and restaurants

Why It Hasn’t Sold Yet

Honestly, I’m not sure. The property shows well. It’s solid, clean, and priced fairly when you consider the full picture. I’ve had multiple showings where I expected things to move forward, but for one reason or another — timing, financing, shifting priorities — no reasonable offer has come through yet.

This could be a great fit for someone who wants flexibility, space, and value in a part of Key Largo where it’s getting harder and harder to find it.

Want to Take a Look?

Feel free to reach out with questions, request additional details, or schedule a private showing.

📞 Jim Signor – Local Real Estate Professional Since 1988
🔗 Contact Jim

What to Fix—and What to Skip—Before Selling Your Florida Keys Home

Selling a home in the Florida Keys? It’s tempting to think you need to fix everything before putting your property on the market. But in many cases, the smartest move is to focus only on repairs that matter and skip the ones that don’t.

Here’s a breakdown of what to fix - and what to skip - especially if you’re preparing to list your home in Key Largo, Islamorada, Marathon, the Lower Keys, or Key West.

Waterfront Property Considerations in the Florida Keys

If your home is on the water, here are a few specific items to evaluate:

• Boat lifts and davits (skip if working) – If the lift works safely, most buyers won’t expect new equipment. Davits are less preferred and rarely worth replacing before listing.
• Tiki hut rethatching (worth doing) – A basic rethatch is relatively inexpensive and improves visual appeal significantly.
• Seawalls (inspect first) – Hairline cracks are normal. But if there’s bowing, erosion, or movement, consider repairs before it affects negotiations.
• Gravel or pea rock (worth refreshing) – It’s one of the most affordable ways to boost curb appeal instantly.
• Paver driveways (skip major repairs) – Minor shifting is normal. Just powerwash and clean - no need for replacement.
• Fencing (usually skippable) – Unless it's broken or dangerous, most buyers view fencing as a cosmetic preference.

These waterfront-specific details matter to buyers in the Keys, but you don’t need to over-upgrade. A clean, well-maintained exterior often outshines scattered improvements.

Cosmetic Flaws That Don’t Affect Function

Buyers expect minor wear. You can skip:

• Slight wall scuffs or touch-up paint
• Dated cabinet hardware
• Small grout stains

Focus instead on deep cleaning and staging. A tidy, uncluttered space always outperforms a partially renovated one.

Partial Renovations

Avoid fixing part of a room. If you only update one appliance or swap a vanity, it makes the untouched features feel outdated.

Example: New granite countertops with old cabinets will highlight the age of the cabinets.

Instead of partial work, price the home appropriately and let the buyer tackle full updates later.

Minor Electrical or Plumbing Quirks

If it’s not dangerous or causing damage, you can probably skip it. Examples:

• Light switches that go nowhere
• Dripping faucets
• A toilet that runs occasionally

These often show up in inspection reports but rarely stop a sale. Credits can be negotiated if needed.

Driveway or Walkway Cracks

Florida Keys properties often settle slightly over time. Unless the cracks are large or hazardous, cleaning and edging the walkways is often sufficient.

Old Appliances (If They Still Work)

Dated but functional appliances usually aren’t a dealbreaker. Buyers often budget to replace them anyway - replacing them now is rarely worth the cost.

Faded Paint on the Exterior

Unless it’s peeling badly, don’t feel pressured to repaint. Pressure washing concrete, trim, or siding can dramatically improve appearance for far less money.

What You Should Fix

These are items you’ll want to handle before listing:

• Roof leaks or signs of mold
• Water damage or moisture intrusion
• Visible termite damage or wood rot
• Broken steps or safety hazards

Fixing these upfront prevents major issues on inspection reports and helps justify your asking price.

Ready to Sell Smart?

If you’re thinking about selling your home, I’m here to help you determine where to spend - and where to save. Get in touch anytime for a no-obligation consultation and customized prep checklist.

Contact Jim Signor to get started.

This post was inspired by a helpful guide from AOL Real Estate, adapted for Florida Keys homeowners.

Quick Answer

If the listing alerts from KeysListings.com aren’t matching what you’re actually looking for, your saved search probably needs a tune-up. A few adjustments to price range, property type, and location can make a big difference in what you see — and how fast you see it.

Search for your perfect Florida Keys Home

We’ve All Done It

You create a saved search on a real estate site. You start getting email updates, glance at a few, then let them pile up. The listings don’t match what you’re actually looking for, so the emails sit unread until one day you finally scroll down and unsubscribe.

I’ve done it too.

So I completely understand — if the emails coming from KeysListings.com aren’t relevant, they’re probably being ignored. And that’s not good for you or for me. Because the best homes? They get scooped up fast. And if your search isn’t set up right, you may never even see them.

A Saved Search That’s Off Can Set You Back

In a shifting market like the Florida Keys, timing is everything. Whether you’re looking in Key Largo, Islamorada, Marathon, or Key West, the homes that are priced right and offer solid features tend to go quickly, even in today’s market.

If your saved search is outdated, too broad or too narrow, or missing key criteria like property type or location, you’re probably not seeing the listings you actually care about. That means you’re reacting late — or not reacting at all — while someone else grabs the home you would’ve wanted.

Why It’s Worth Fixing Now

I’ll admit, this isn’t the most exciting real estate topic. But it’s one of those small things that makes a big difference.

When your saved search is set up properly, you’ll be among the first to know when the right kind of home hits the market. Not days later. Not after it’s already under contract with someone else. Just the right properties, at the right price, in the areas you’re focused on.

How to Make Sure You’re Seeing the Right Homes

It’s fast and easy to check — and even easier to fix. You can log in at KeysListings.com and update your search criteria, or contact me directly and I’ll help walk through it.

Here’s what we’ll fine-tune:

• Price range
• Single-family vs condo
• Waterfront vs non-waterfront
• Location preferences (Key Largo, Islamorada, Marathon, Key West)

Customize your Saved Home Search

You don’t need to overthink it. A few smart adjustments can totally change the quality of the listings you receive.

Real-Time Alerts Give You the Edge

Saved searches on KeysListings.com are designed to notify you as soon as new listings or price changes match your criteria. That means you’re seeing opportunities before most other buyers. Set up correctly, it becomes your edge in the market, especially as momentum builds.

Not Ready to Buy Yet? That’s Fine Too

Some people worry that adjusting their saved search means getting bombarded with emails. Not the case here. The goal is to keep you informed without being annoying. If you’re just browsing, your search can be as casual or specific as you like. And when you’re ready to take the next step, you’ll already know what’s out there and what’s realistic.

Let’s Clean It Up

If you’re not sure whether your saved search is helping or hurting, I can take a quick look and make a few suggestions. Or, if you prefer to handle it yourself, just head to KeysListings.com and log into your account. Either way, you’ll be setting yourself up to see what you actually want — and stop wasting time on what you don’t.

Looking Ahead

In an upcoming post, I’ll explain the difference between a saved search and a market report on KeysListings.com. One gives you alerts for new or price-changed listings. The other shows you a snapshot of everything active, pending, and sold in your chosen area, updated as often as you like.

Customize your Florida Keys Market Report

That’s another tool worth using when you’re getting serious about timing the market right.

Need Help With Your Search?

Contact me or schedule a quick call at JimSignor.com. I’m happy to help fine-tune things behind the scenes so you’re always seeing the best, most relevant listings.

Video Tour – 1610 Von Phister St, Key West

🎥 Now Available: Full Video Tour of 1610 Von Phister St, Key West

The wait is over—our full video tour is now live for this fully renovated mid-century home in the Casa Marina neighborhood of Key West.

This professionally produced video walkthrough highlights everything that makes 1610 Von Phister St a standout property:

• Open living spaces
• Chef’s kitchen with custom cabinetry
• Spa-inspired upstairs suite
• Private heated pool with custom waterfall
• Lush tropical landscaping and outdoor lounge areas
• Off-street parking, garage, guest flexibility, and full furnishings

🎬 Watch the Full Tour:

This enhanced video presentation is part of a collaborative marketing effort between myself and Jenna Stauffer, my co-listing partner at Ocean Sotheby’s International Realty. Jenna’s background in both luxury real estate and professional media adds an extra level of production quality and exposure—something we believe every high-end property deserves.

🏡 More Details and Photos:

Want to view more photos or property specs?
🔗 Click here for the full listing blog post »

📞 Ready to Learn More?

If you’re considering a move to - or within - Key West, or have a high-end home you’re thinking of selling, I’d love to talk about how our team and media strategy can help.

Jim Signor
🌐 JimSignor.com
📞 305-394-4449

Now Available: 1610 Von Phister St, Key West

Offered at $2,825,000 | 4 Bedrooms | 3,600+ Sq Ft | 9,500 Sq Ft Lot

Direct Link to 1610 Von Phister St, Key West

This fully renovated and redefined mid-century home blends timeless architecture with high-end modern updates—perfectly tailored for contemporary island living.

Located on one of the most desirable streets in Key West’s Casa Marina neighborhood, the property spans over 3,600 square feet of thoughtfully designed interior space and rests on a 9,500 square foot lot—oversized for this part of the island.

Layout & Living Spaces

The home features four bedrooms and a bonus room ideal as a guest room, den, or home office. The flexible layout offers privacy with main-level guest rooms and an upstairs suite complete with cathedral ceilings, a spa-inspired bathroom, and a generous walk-in closet.

Entertainer’s Kitchen

The open-concept kitchen is designed for both daily life and gatherings, with:

• Custom cabinetry

• Double ovens

• Induction cooktop

• Walk-in pantry

• Two laundry rooms

• Second kitchen area upstairs for added convenience

Outdoor Living

Slide open the expansive glass doors and step into your own private resort-style oasis, complete with:

• Heated pool

• custom waterfall

• Tropical landscaping

• Covered outdoor dining/lounge porch

• Outdoor shower

• Dedicated poolside bath

• Multiple lounging and entertaining areas

Upgrades & Extras

• All-new electrical and plumbing systems

• Three new central AC units

• Irrigation system

• Garage + driveway parking

• Offered fully furnished

Location: Casa Marina District

Von Phister Street is known for its wide lots, quiet atmosphere, and close proximity to beaches, White Street Pier, local cafes, and galleries. 1610 Von Phister offers walkable access to everything—but with the privacy and feel of a resort.

Schedule a Private Tour

This property is co-listed by:

Jim Signor and Jenna Stauffer, Key West Luxury Specialist

Price Improvement Alert: 97 Marina Ave Now $610,000 – Exceptional Value in Port Largo!

If you've been eyeing 97 Marina Avenue, now is the perfect time to act. This 3-bedroom, 2-bathroom concrete block home in the sought-after Port Largo community has just been reduced to $610,000, translating to an impressive $471 per square foot. This pricing positions it as one of the best values in Key Largo for homes of its kind.

Comparative Market Analysis

Note: Based on MLS data as of May 28, 2025. Criteria include non-waterfront homes in Key Largo, concrete block construction, 2 bedrooms or more, and list prices of $650,000 or less.

To provide a clear perspective on this value, we've prepared a comparative chart showcasing similar non-waterfront homes in Key Largo. Keep in mind that besides being at a low price per square foot, it is in PORT LARGO, one of the premier neighborhoods in the Upper Florida Keys. Compare with other homes for sale in Port Largo.

Property Highlights

• Spacious Living: 1,296 sq ft of comfortable living space on a full 6,600 sq ft lot.

• Outdoor Amenities: Big fenced backyard, detached storage, and a durable metal roof.

• Community Perks: Optional homeowners park with direct ocean access available for just $350 per year.

• Prime Location: Situated in the heart of Port Largo, close to shopping, dining, and recreational activities.

Ready for Immediate Occupancy

This home is vacant and easy to show. Whether you're a first-time buyer, looking for a family home, or seeking an investment property, 97 Marina Avenue offers unmatched value in today's market.

📞 Contact Jim Signor at 305-394-4449 or schedule Jim for a private tour or for more information.

What Florida Keys Homebuyers Should Know About Conservation Easements and Environmental Deed Restrictions

If you're shopping for a home in the Florida Keys—especially newer homes in tree-filled neighborhoods—there’s something you need to be aware of: conservation easements, also commonly referred to as environmental deed restrictions.

These are legal agreements tied to a property’s deed that protect certain trees and native vegetation from being removed or altered. They’re especially common in the Florida Keys, where preserving natural habitats is a priority. While the term “environmental deed restriction” is widely used in conversation, the more accurate term used by local agencies and in official documents is often conservation easement.

If the property you’re considering is relatively new and surrounded by native trees, there's a good chance that one of these restrictions applies—and you’ll want to know the implications before you buy.

A newer stilted home in the Florida Keys, surrounded by native trees and tropical vegetation

These restrictions are common in the Keys due to local efforts to preserve native vegetation and protect the fragile island ecosystem. While they may seem like a small detail, they can significantly impact how you use and enjoy your property.

Whether you're looking in Key Largo, Islamorada, Marathon, the Lower Florida Keys or other islands in Monroe County, here’s what you need to know about environmental deed restrictions in the Florida Keys—the pros, the cons, and what to watch for before making a purchase.

What Are Environmental Deed Restrictions?

Environmental deed restrictions, often part of a conservation easement, are legal limitations that are recorded in the public record and associated with the property. These restrictions typically require certain trees and native vegetation to remain in place. In most cases, homeowners cannot remove or alter protected vegetation without obtaining approval from local environmental authorities.

These restrictions are most common on:

• Newer homes built in the last 20 years
• Properties in wooded or heavily treed neighborhoods
• Lots that required environmental permitting before development

Why Do These Restrictions Exist?

The Florida Keys have a delicate and unique ecosystem. Local governments and environmental authorities require preservation of native trees and vegetation to:

• Prevent erosion and flooding
• Support local wildlife
• Preserve the natural beauty of the islands
• Offset the impact of new development

These rules are meant to protect both the environment and the long-term appeal of the area.

How to Tell if a Property Has Environmental Deed Restrictions (Conservation Easement)

Watch for these signs:

1. It’s a Newer Home Surrounded by Trees

If the home was built in the last couple of decades and still has mature native vegetation on-site, there’s a good chance restrictions are in place.

2. The Listing Mentions Conservation Easement

Look for terms like “preservation area,” “vegetation easement,” or “tree removal restrictions.” These are key indicators.

3. A Vegetation Management Plan Exists

Some properties have documentation detailing what must remain untouched. Your agent can help you obtain and review this information.

Pros of Environmental Deed Restrictions

• Natural beauty is preserved: Homes in these areas typically feature lush, mature foliage that adds value and curb appeal.
• Privacy and shade: Trees offer a natural buffer and reduce sunlight exposure, lowering energy bills.
• Environmentally responsible: Buyers contribute to protecting the unique ecosystem of the Florida Keys.

Cons of Environmental Deed Restrictions

• Limited landscaping flexibility: You may not be able to clear space for additions, pools, or patios.
• No tree removal without approval: Removing protected trees typically requires a permit—and it may be denied or require mitigation.
• Maintenance is still your responsibility: You must maintain protected vegetation, even though you can’t remove it.

What Should You Do Before You Buy?

If you’re considering a home in the Florida Keys, especially one that’s newer or surrounded by trees, be proactive:

• Ask your real estate agent about environmental deed restrictions
• Review the property’s deed and environmental permits
• Request a vegetation or site management plan, if available
• Understand that clearing space—even for basic landscaping—may not be possible

A good real estate agent has the vision and experience to recognize when these restrictions are likely and will proactively discuss them with you. You should never be surprised by these limitations after making an offer or closing on a property.

Understanding local regulations starts with the right agent

Work With a Local Expert Who Knows the Rules

Environmental deed restrictions aren’t a deal-breaker—but they are something every buyer should understand. The key is having the right information before you buy.

I’ve helped many buyers navigate these regulations and avoid unexpected issues. As a local agent who knows what to look for, I’ll make sure you get all the facts up front—and help you make a confident, well-informed purchase in the Florida Keys.

➡️ Have questions? Contact me directly at JimSignor.com

Quick Answer

Yes — Key Largo is an excellent place to buy a vacation home thanks to its laid-back island lifestyle, strong short-term rental potential, and easy access to both the Florida Keys and mainland Florida.

🏝️ Why Key Largo Stands Out

Key Largo is the northernmost island in the Florida Keys, just a 1-hour drive from Miami. It offers the tropical lifestyle of the Keys without the isolation of more remote islands. This makes it a popular destination for weekenders, boaters, and snowbirds alike.

Top reasons buyers choose Key Largo for vacation homes:

• Proximity to Miami: Easy access via U.S. 1 makes weekend getaways and airport trips a breeze.
• Boating & Water Access: Many homes come with dockage or are close to marinas, ideal for boaters and divers.
• Rental Income Potential: Strong demand for short-term vacation rentals year-round.
• Tight-knit community: Despite being a popular tourist destination, Key Largo retains a small-town feel.

💰 How's the Real Estate Market in Key Largo?

As of early 2025, the average home price in Key Largo is approximately $1,340,000, according to Florida Keys MLS data. Properties range from cozy waterfront condos to multi-million-dollar waterfront homes with open water views.

Market snapshot:

• Inventory is above the recent lows since COVID-19 and nearing historical averages.
• Homes tend to stay on the market longer than in the past year — giving buyers some negotiation power.
• Vacation rental properties are always in demand, especially those with waterfront access and amenities.

🏠 Is Key Largo a Good Investment?

If you're looking for both a personal retreat and an income-generating asset, Key Largo checks all the boxes:

• Tourism is strong year-round, peaking in winter and holidays.
• Monroe County allows vacation rentals with minimum stays of 28 days or more, but there are exceptions — reach out to me for details specific to a property you're considering (always check local zoning and HOA rules).
• Properties with boat slips, pools, or water views rent at premium rates.

⚠️ Things to Consider Before Buying

• Flood zones & insurance: Much of Key Largo is in a flood zone. Flood and windstorm insurance are often required and can be costly.
• Hurricane preparedness: Ensure your property has impact windows and doors and meets current hurricane code.
• Rental restrictions: Always confirm whether the HOA or zoning allows short-term rentals before purchasing.

✅ Final Thoughts

Key Largo is a smart choice for a vacation home buyer who wants tropical charm with real-world accessibility. Whether you're buying for family getaways, rental income, or both, Key Largo offers excellent value — especially when compared to more remote or high-density markets.

Thinking about buying a vacation home in the Keys?
Contact Jim Signor today to explore available properties in Key Largo and get expert, local guidance.

Frequently Asked Questions

Why does Key Largo stand out as a vacation home destination?

Key Largo is the northernmost island in the Florida Keys, just a 1-hour drive from Miami. It offers tropical lifestyle without the isolation of more remote islands, making it popular with weekenders, boaters, and snowbirds. Many homes have dockage or marina access, and short-term rental demand is strong year-round.

Is Key Largo a good real estate investment?

Key Largo can be a strong investment for buyers seeking both personal use and rental income. Tourism is strong year-round, properties with boat slips, pools, or water views rent at premium rates, and inventory has been rising, giving buyers more negotiating room than in recent years.

What should I know before buying a vacation home in Key Largo?

Much of Key Largo is in a flood zone, so flood and windstorm insurance are often required and can be costly. Buyers should also verify that the property meets hurricane code and confirm whether the HOA or zoning allows short-term rentals before purchasing.

Port Largo Home For Sale $647,000

If 97 Marina Avenue has been on your radar, now’s the time to make your move! With a fresh price adjustment, this is an exceptional opportunity to own in one of Key Largo’s most sought-after neighborhoods: Port Largo.

🔑 Offered at $647,000

📸 View photos and full details of 97 Marina Avenue
🏡 See all homes currently for sale in Port Largo

Why This Home Stands Out:

✔️ Prime location in a desirable Key Largo community
✔️ Optional homeowners park with direct ocean access
✔️ Newly reduced price offering unbeatable value

Don’t Wait—Opportunities Like This Go Fast!

With its ideal location and new pricing, this home won’t stay on the market long. The Port Largo lifestyle is calling—make it yours before someone else does.

📅 Interested in a private tour?
Let’s schedule a showing and talk about how you can make this home yours.

📩 Contact Jim today to take advantage of this rare opportunity in Port Largo!

APRIL 2025 UPDATE REGARDING FLOOD INSURANCE

Monroe County is making significant progress in easing long-standing restrictions on enclosed storage space beneath stilted homes. For years, the Board of County Commissioners has worked toward gaining approval from the Federal Emergency Management Agency (FEMA) to remove outdated limitations on square footage beneath elevated structures. After demonstrating its commitment to flood safety regulations—including requiring all livable areas to be built above the minimum elevation—Monroe County received a letter of support from FEMA. This endorsement effectively ends the county’s 2004 remedial flood inspection plan and opens the door for important updates to local building codes. These changes will give homeowners the opportunity to create more usable storage space below their elevated homes without jeopardizing their compliance with the National Flood Insurance Program (NFIP).

Read the entire news release from Monroe County to learn more about what this means for property owners and upcoming code amendments.